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US Economic Freedom Plunges

Posted by dbhalling 9 years, 2 months ago to Politics
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While these indices are not perfectly accurate, I would argue that over the last several years, the US has been given too high a ranking.
SOURCE URL: http://www.charleskochinstitute.org/2015-economic-freedom-of-the-world/?mkt_tok=3RkMMJWWfF9wsRokvq3BZKXonjHpfsXw6%2BkuWbHr08Yy0EZ5VunJEUWy2oQFTtQ%2FcOedCQkZHblFnV4OQ62sUbENq6AF


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    Posted by Technocracy 9 years, 1 month ago
    Obamacare and Dodd-Frank, both of which followed after Sarbanes-Oxley. Those three laws affected nearly everything that was not already in the clutches of Government. Billions and billions of dollars wasted directly by the laws, and secondarily in compliance costs. So yes, less economic freedom than before.
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    • Posted by khalling 9 years, 1 month ago
      Patriot Act
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      • Posted by Technocracy 9 years, 1 month ago
        That too, but not as direct a hit on the economic side.
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        • Posted by Technocracy 9 years, 1 month ago
          I have been forced to waste so much time and effort, and therefore money, on compliance activity. It makes you crazy.
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          • Posted by $ MichaelAarethun 9 years, 1 month ago
            There is complying and then there is super complying. Caught in the same Catch 22 situation I gave everybody the day off and sent them home.

            Wrote out their final paychecks and put them in the mail along with a reporting date and time for their next job assignment. Paid all the bills. Stopped by the bank to ensure the account would cover all the checks and pulled the rest then instructed the when the last check cleared close the account. Cleaned the place out and put a sign in the door. Emigrating To The United States. Back then it made sense.

            That was a Friday. On Monday the predictable happened and having not received their mail most went to the addess listed on the door.

            It was the unemployment office. I was hit from two directions. Union and Bureaucrats. The address in the mail was the union address.

            That was exactly nine part time and six full time employees. Under the required amount for such activity you say? Depends on who is interpreting the rules.

            It takes a while to shut a business down. Not if you prepared in advance. In my case I sold it to one of the employees first as a small percentage partner the as a buyout. He moved it to his garage and had one new partner his wife and no employees.

            Seven or eight years later.....letter from IRS. You haven't filed business returns for some years.

            That's correct the reasons are attached. I'm no longer privy to such information.

            Next letter ....

            Returned it saying are you telling me or advising me I have to fabricate information and lie to an agent of the federal government?

            For all I know they are still trying to word the next dun notice.
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            • Posted by $ MichaelAarethun 9 years, 1 month ago
              Postlude. After returning from an eight month sailing and diving cruise in the South Pacific I ran tinto a former employee.

              "You really left us in a bad spot."

              "Au contraire all of you put me in a bad spot. But I had a friend, an adviser and trusted counselor that helped me out."

              Really Who?

              Who is John Galt."

              A flip answer at the time but as it turned out and after re-reading the book I was happy with it. I certainly turned off their motors. And all they had to do was start the same business in the same empty location. They had the know how to do the work except for one missing part. And I hope one of you idiots is reading this lo these many years later."
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    • Posted by $ jdg 9 years, 1 month ago
      How about enacting a "Sarbanes-Oxley for Congress"? It would hold every legislator that stands up on the floor of Congress and says things like "Fannie Mae is perfectly sound!" financially responsible for the results, just as if he were a CEO in the private sector.

      Of course it would take constitutional change to enact it.
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      • Posted by $ MichaelAarethun 9 years, 1 month ago
        And enact Davis-Bacon II so they could get three times the local prevailing wage for the hard work they did in engineering the crash of 2008

        Has Boehner done a Specter yet?
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  • Posted by $ jbrenner 9 years, 1 month ago
    During my class yesterday to chemical engineering freshmen, I teach a class about managing conflict as a teamwork exercise. In that class, I use an article that cites how conflict can be used to enhance creativity. Then I asked them why Americans tend to be the most creative people in the world. Some said the constitution, as expected. I then asked what is the source of our economic growth and creativity. One student correctly then said the patent system and inventions, and I gave Dale a shameless book plug. Thanks for allowing me to proof the book, Dale.
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    • Posted by khalling 9 years, 1 month ago
      thank you very much. more importantly, we need to our future inventors to get it. thanks j
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      • Posted by $ jbrenner 9 years, 1 month ago
        It was a good value for value exchange. I am just trying to fulfill my promise regarding educating future Galts. One thing that a student very wisely said in response regarding promises was that "If you are going to promise something, you had better deliver on that promise."
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  • Posted by freedomforall 9 years, 1 month ago
    Haven't read the article completely yet, but do they rank the world overall as to whether economic freedom is improving or declining world wide?
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    • Posted by kevinw 9 years, 1 month ago
      Not actual numbers but a direct reference from the article:

      "These gains point to some good news: The world is significantly more economically free than it was three decades ago. Since 1980, overall world economic freedom has greatly improved, and it has increased again this year."
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      • Posted by freedomforall 9 years, 1 month ago
        Would be nice to know if the decline of the US compared to others is mostly due to bad fedgov policy limiting freedom in America or to better results overseas. I suspect it's the former, but I'd like to know more.
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        • Posted by kevinw 9 years, 1 month ago
          I would have suspected a combination of the two and that may have held true over the last 10 to 20 years but for 2014 by itself I you are probably right.

          Vague results allow for endless interpretation.
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  • Posted by Flootus5 9 years, 1 month ago
    The strange realization I have come to recently is that our own government through the mechanisms outlined in this article - is shutting down the motor of the world.

    I posted it awhile back, but the decision of "non-listing" the Greater Sage Grouse has just recently been finalized with an official Record Of Decision. As many are beginning to catch on to, the DOI's resource management plans that have been announced instead are worse than if the bird had been listed.

    The gold exploration project I have worked on for the last year and a half has been taken by an arbitrary hard rock minerals withdrawal. The project was in an historic gold producing district, high grade veins, with about 400,000 ounces of gold, ten times that of silver having been produced (oh my gosh, that word). And they are withdrawing it from mineral entry. Unbelievable.

    Besides killing jobs and a year and half of my training and skills as a geologist being taken, consider this. In this era of worthless paper money, we can't even explore for and potentially mine real money.

    The project was in a remote canyon, about as remote as you can get in the lower 48, and it is no Galt's Gulch. Galt's Gulch will probably be sage grouse habitat, it is so ubiquitous. Apparently my future gulch will be the park bench.
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    • Posted by $ MichaelAarethun 9 years, 1 month ago
      Until all the thinkers, innovators and doers are Morlocks. Only way to get rid of it is let it, encourage it to kill itself preferably by suicide and then rename Washington DC Jonestown..
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      • Posted by Flootus5 9 years, 1 month ago
        And in Nevada, there is a hunting season on sage grouse, believe it or not. They are not endangered. I wonder what will happen to the bird's population numbers, when millions of out of work people are getting hungry?
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        • Posted by $ MichaelAarethun 9 years, 1 month ago
          Back in the old days before my former home state was californicated no one went hungry and the law turned a blind eye or helped deliver the provender.

          Now it's in the day I guess everyone hits the reset button and play pretends and may I recommend my Grandfathers remedy used prior to 1900 in Idaho. Gallon of tar and a two sacks of feathers. That was for the new federal game wardens and park rangers confiscating his dogs winter food. They sold it to the butcher store (new guy in the west) and he waited until after sunday after church dinner. Then let the story out the feds had taken his horse meat. THAT is a true western story from the old days. I don't know if tar and feathers were really used but they did run the two rascals out of the County. (Ashton,Idaho.
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  • Posted by $ jbrenner 9 years, 1 month ago
    Undoubtedly for me, the biggest impingements on economic freedom are RCRA and TSCA. Both are conceptually reasonable environmental laws. After all, no one wants a hazardous environment. However, these laws are amazingly onerous. One violation by one student employee ruins your whole year. Maximum penalties are $25000 per day per violation. You go overboard on compliance 10 times as much as you would with the IRS, because the penalties are that scary.
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    • Posted by $ MichaelAarethun 9 years, 1 month ago
      Rule by fear is one of the prime requirements of a fascist government. just as basing the value of the currency not on intrinsic backing nor even on the mis used full faith and credit for who has faith in the US economy and the government has not credit but on the fear standard. No one wants to be the first to shout ' The Emperor has no clothes!' for fear of a complete collapse.

      A side thought. We as consumers have more trust with the Chinese workers with Dollar Stores and Walmart as our go between than any I can find with the government(s).
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    • Posted by $ jlc 9 years, 1 month ago
      Can you give an example of what you mean? I recall a story of a man who was hired to go to a hotel construction site a break of day - before anyone else got there - and police the site to pick up any dead animals lest one of them be reported to the EPA (garter snakes were a special problem, apparently).

      I do not have a comparable image in my mind of what sort of an accidental student violation could result in such a fine.

      Jan
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      • Posted by $ jbrenner 9 years, 1 month ago
        An example would involve a case where a student labeled a vial, but without tape around the label. The label then falls off. Now it is an unknown chemical, and must be assumed to be the worst level.
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        • Posted by $ MichaelAarethun 9 years, 1 month ago
          That is an example of the value level of students. They are by definition learning. Until then they must be checked constantly. Student demands on campus fall into the unlabeled vial model as jbrenner pointed out. They also fall into the Heinlein model of no juvenile delinquent and students are legal juveniles until age 21.

          Some get exceptions called legal emancipation. A commissioned officer in the military for example at age 19 may be considered emancipated and awarded the paper but even they may not violate local drinking and smoking laws based solely on a commission. Students are legal children and for every anti-social law breaker there is invariably a responsible adult delinquent in his or her duty. Parent or President Emeritus. those who if they do not take adult steps and make adult decisions such as not emptying out a school in the face of a bomb threat after stating they did not know if it was or wasn't.

          Those adults are legally and morally delinquent in their duty and for a start not to be trusted. Accident of birth date aside I suspect Wesleyan University and a high school in Houston and some student counselor in Roseburg, Oregon fall in that category. Obviously age is a convenient means of awarding citizenship status but an inconvenient failure as a means of making that decision.

          If those students or that student is brought before a judge and states I was only falling orders as promulgated and awarded by the government itself that individual would a. not be defended by the guilty parties neither would the legislatures, executives and judicial follies be called forth as accessories before during or after the fact. The student would not realize by saying those words he or she had admitted to guilt and pleaded for leniency in sentencing,

          So would the teacher or professor who did not check all the labels if they used that for an excuse. Adult educators do. Those who are legal adults de jure but not adults de facto do not. Nor do they check the supplies of damping rods in the Ukraine.

          Real life is not equipped with a pause, stop, restart nor a replay button. Knowing the difference is an adult trait called responsibility.

          Something sadly lacking but as just demonstrated not entirely in educational and judicial circles.

          Had the student in JBrenners class been warned, seen a list of rules posted and flipped them off intentionally fine them an expel them until they learn to accept the level of maturity required to be a student in a chemistry class..

          I cannot think of an accident that would remove the tape and remove the label just as i cannot think of a weapon being accidentally loaded. Accident therefore is an excuse a Nuremberg defense. It calls for the strictest of measures until certainty is reestablished. My imagination comes up with a vial on a table with an open wind a sudden gust of wind the vial hits the floor and..hmmmm breaks. The the tape is dissolved the wording lost.

          Noticing a potential accident waiting to happen the same. the student should have noticed and reported it no matters who was at fault but the responsible adult MUST do so. That's why good drill sergeants, gunnys, and the like seem to be everywhere all the time and miss nothing.

          That's why the best of politicians routinely miss everything. There is no requirement to be an adult de facto other than accident of birth to be a Senator of Representative. There are no requirements to be a judge at the highest level other than nomination and confirmation yet they are confirmed by the most incompetent level available..

          Thank you for pointing that out. Heinlein was right. We treat our dogs better than our children.
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          • Posted by $ jlc 9 years, 1 month ago
            Interesting exposition, MichaelA. I agree with Heinlein in many respects (one of the threads that lead to my joining the military was the idea that the flip side of being able to vote is being willing to defend the country). I think that you have an excellent point that there are 'adults' and 'adults by accident of birthdate'. Have you seen/read of the experiments in delayed gratification?
            http://www.ted.com/talks/joachim_de_p...

            I do not agree that behind each criminal child is a negligent adult. Some recent surveys have indicated that criminality is genetic to at least a certain degree - and a parent is not responsible for psychopathic/sociopathic behavior in a child (these seem to be substantially genetic).

            It would be intriguing to have a 'test for adulthood' like we have a 'test for IQ'. I wonder what percentage of adults would not eat the marshmallow.

            Jan
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            • Posted by $ MichaelAarethun 9 years, 1 month ago
              A. Yes I got rather good at that where it counts.
              B. The genetic child is not a criminal until he's allowed or encouraged to be a criminal. In the USA both conditions are in forces so genetic knowledge is mooted. The responsibile party then becomes those who have replaced the family and the parent.

              C. Depends on who designs and administers the test and how much they are paid off to tweak the results. Under the present administration legacy building comes first. Results come last and has done so for near seven years.
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        • Posted by $ jlc 9 years, 1 month ago
          So, a student-handled vial is discovered to be without a label. You can plausibly rule out some categories of hazmat (eg you know if it could not be radioactive). Can you not just dispose of it in a maximum-safe manner?

          Why is this even reportable? (I assume that if only a few people know of the existence of the unlabeled vial, it could be disposed of like the dead garter snakes were.)

          Jan
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          • Posted by $ jbrenner 9 years, 1 month ago
            I know how to handle my samples and my students' samples, but needless to say, the EPA, the Florida Department of Environmental Protection, and my county's environmental regulators don't see it the way that you do.
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            • Posted by $ jlc 9 years, 1 month ago
              Sorry, jbrenner. Did not mean to accidentally introduce a taint of rationality into a discussion of the EPA and other gov agencies.

              Jan, not really apologetic
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            • Posted by $ MichaelAarethun 9 years, 1 month ago
              Of course not. But somebody has to hire the F students.
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              • Posted by $ MichaelAarethun 9 years, 1 month ago
                Jan the most rational EPA has acted is when Carol Browning I remember bounced out in her rah rahs and did the California air head imitation. That is a level of rationale and explains why life long conservatinests never see things the way the DPA and the regulators 'see it. But then at our level we don't have billions and trillions of public funds to waste and usually have somewhat better than an out of work cheerleader in charge. I am nothing if not sarcastic but truth hurts so deal with it.'
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  • Posted by LibertyBelle 9 years, 1 month ago
    If we could get more people to read "Atlas Shrugged", and other books by Ayn Rand, it might
    turn the country around. Too bad the movie
    wasn't better. It came nowhere near doing justice
    to the book. I am not a financial expert; I under-
    stand business in general terms, basic princip-
    les, enough to understand small business.

    But maybe I can learn more about it.
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    • Posted by $ MichaelAarethun 9 years, 1 month ago
      First what is the government definition of small business. It's not ten thousand and sweat equity building to ten times that. Once upon a time I approached the Small Business Adminisitration but since I wasn't an 'immigrant' it was 'who you?' Small business started - back then = at $250,000 by this time it's got to be a million. To get the loan you had to prove you were turned down by a bank and the banks would never turn yuo down just put the application on hold for further study. To hell with them/ We were the first in the state to sell laser printers for under a thousand. One of the banks was a customer for computer systems. Didn't matter. Same bank followed all the federal guidelines and went out of business on mandatory toxic loans in 2008. To understand small business the first principle is avoid government as much as possible. If their regulations demand some expenditure at ten employees stop a nine. If you need more work product lease a computer system. It's cheaper and more efficient hiring warm bodies. Same lesson applied here each and every day.

      I made it a success and in the end profitable by selling the business's and taking a profit that way. and then putting it into something else to avoid payng taxes/ fines for being successful.

      And then I went sailing. The book you mentioned was the bible the rest I lesrned by reading books or working for and observing others. Which made the profit even more profitable.
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    • Posted by $ MichaelAarethun 9 years, 1 month ago
      That would be hard even for the proposed mini series. But it does draw more interest and drives key points home so each step serves it's purpose.

      A Dark Side version would be Too Big Too Fail where the true architects of the 2008 crash were cast as the hero and heroins and the dude trying to 'save the day' was kissing Pelosillynnis ass. When a question comes up you can pull out the objectivists in flight card. Or if someone is bitching about prices ask why they voted for it. In an airport when the TSA bitching starts ask the same question. WHY did you vote for it not once but three times and getting ready to do it a fourth time. Chances are they are 'Democrat - ID's. Republican the water boys and lapdogs or those that dropped out in one form or another. Have a line ready for each of them.

      If they are a Biden supporter just start laughing.

      The difficult task would be finding people who could not only read but read at that level and defeat the idea of seeing the movie means you don't need to read the book.
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  • Posted by $ MichaelAarethun 9 years, 1 month ago
    September jobs report whiffs: 142,000 jobs added

    That's one of the sub headlines

    What's it mean really? Let's see it's October. Only 93 shopping days less Turkey Day until Christmas. Add the after Christmas Bargain Sales then watch the headlines read 143,000 jobs lost.

    Wonder how they will spin that one this year?
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  • Posted by wiggys 9 years, 1 month ago
    At one time the patents meant something today i do not think so. I have been issued 4 patents. the first for my sleeping bags ran for the full 20 years and meant nothing in the way of sales and nobody tried to copy me so i paid the fees for the full 20 years. since the patent ran out business really developed. the other patents i stopped paying. there was no benefit if the products regardless how good weren't being purchased by consumers. a case in point is my pack boots, best ever made. so in order to get rid of them i give them away with the purchase of $200.00 or more in merchandise. so my customers get the bargain and i get the write off.
    that aside the wonderful usa government has instituted more rules and regulations that are part of the destruction of the country. our economic freedoms are withering away at a pronounced rate and when all is gone we will be a true 4th world country.
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  • Posted by $ MichaelAarethun 9 years, 1 month ago
    Coupled with this some other posts on taking away money and replacing it with something else - which then becomes money . All money is is an acceptable expression of wealth and all wealth is is money in excess of current need.

    So what do the dreaded they have planned when it comes to honoring an ATM withdrawal in Bangla Desh, Switzerland, Tuwa or Uruguay?Assuming they want to remain as part of the world currency market. Of course they could ban transferring any wealth across the borders in which case foreign trade wars, foreign aid, and loans to the US Government - just stopped and - intense isolationism begins. Back to the ATM machine. In what form does it deliver local money into your hot to trot and spend hands? Let's see I don't have a loca bank account WOW currency cash McDucks swimming pool! Or they could give you a local account and a local credit/debit card. Either way it's money. The US Government is in no position to dictate terms to anyone when it comes to fiscal policy much less to it's own citizens. I'll give you two words the biggest BLACK MARKET the country if not the world has ever seen. They'll need Elliott Ness cloned and magnified - and then some. that's assuming the Untouchables would work for the present government
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