SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: TimF7/29/2010 6:26:02 PM
1 Recommendation   of 224748
 
Stop Me Before I Regulate Again!

I’m told that this morning the Senate will pass the Dodd-Frank financial regulation bill. 2,300 pages long. Nothing so complex ever makes life better for consumers. Mostly, it guarantees that you will not start a business without hiring specialists.

“… the law firm of Davis Polk & Wardwell needed more than 150 pages merely to summarize the bureaucratic ecosystem created by Dodd-Frank”.

Yet politicians constantly create more rules. They think they know how to manage our lives better than we do. They are ignorant and arrogant…

Much of this regulation drives entrepreneurs to say: “I won't try. I won't open a business. I won't hire someone because I probably can't fire him without getting into trouble. I better play it safe. I better not try anything new.” This kills opportunity.

But the regulation never stops. Last year the federal government added another 70,000 pages to the Federal Register. Our 535 Congressmen think they’re not doing their job if they’re not passing laws. And those are just federal lawmakers. There are even more state legislators.

The permanent bureaucracy is even bigger. There are more than a million federal employees, and ten million state and local bureaucrats. Most believe that if they aren't passing laws, they're not doing their job.

I’ll cover the unintended consequences of their regulation on my show tonight.

If I were a legislator, I'd pass the "Stossel Rule". It says: for every new law Congress passes, it must first repeal 5 old ones.

It would be a start.

stossel.blogs.foxbusiness.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News