Mqurice.
the flaw is that a car is not a dollar and a pedestrian is not a debt.
No, I’m sorry, you have failed this test. Don’t despair. You’ll find comfort your “reckless mob” analogy criticizing your beloved KBE Al, who has done no wrong.
People have only a kilogram of wet chemistry between their ears to keep their existence on the straight and narrow.
Yes, there are so few of us to do the heaving lifting. That’s why we spend a lifetime learning how the world works, and why we must sometimes rely on the intellect and effort of others when we use cars, toasters and debt instruments. We hope that the cars that we drive have at least some safety features like seat belts, air bags and such. It took some time to overcome the resistance of those who thought that the government was simply trying to “mother” us and add unnecessary costs to consumer products. After all, we should know enough about breaking systems, transmissions, and vehicle dynamics under wet conditions to stay safe, right? We don’t want Big Brother to tell us how to operate are own property, do we? You probably don’t put your grandson in a child seat just because Big Brother tells you. It’s another f---ing law. Right? Your libertarian instincts tell you that you know what’s best for your own. No need for more government regulations. If you want him in the front passenger seat next to the airbag, you don’t need some street cop telling you what’s what and here’s a ticket for your trouble. Yeah Mqurice, I think I understand where you’re coming from.
Get government regulation out of our lives! Here, Here!
Then again, if hire an electrician, I don’t want to find out that he’s electrocuted a few people after he has worked my house. I can’t possibly personally check the qualifications of the people that I hire, and so I’ll need to know that they have a valid “government” license to perform the needed services. Now, who will I trust more, the government that doesn’t (or at least shouldn’t) have a profit motive, or a private certification organization?
I only have a kilogram of wet matter between my ears. How much should I know about my doctor, dentist, home builder, savings account, brokerage account, mortgage, car loan, car insurance, homeowners insurance, traffic safety issue around my streets, the school instructors and their qualifications, river levies, worker safety issues at businesses where my kids may find jobs? Is it every man for himself, or must I rely on the government to address these multitude of issues?
One of them is that traffic engineers are the least intellectual of the engineers because they only need to count and do a bit of statistics.
I guess I’ll just have to take your word for that, given the vast engineering experience that you’ve have as a salesman. I’ll just assume that your experiences are applicable the world over.
Those people who are arrogant enough to think they should be in charge of everyone are exactly the wrong people to be in charge.
I tend agree. These people can make bad laws. The best we can do as a people is to provide the best public education that we can afford, and an understanding of laws and history, and a specific understanding of our own weaknesses. After that, we have to remove them at the ballot box, or through continuous protests of their behavior. There’s a new term that I like: “name and shame.” I guess that we don’t have a perfect system yet. Maybe you can work on your NUN. Let me know how that goes, if you would.
You have a lot of other issues, I guess, but can’t address them all – sorry.
However, since you got to a point here, I’ll try.
What are some regulations you'd like to keep financial relativity theory on the straight and narrow?
I guess:
No borrowing
No lending
All gold and silver, no funny money
Government permit to go shopping
Permitted products only to be sold
Personal finances to be held in a government vault
I think these ideas are utterly absurd, so no, I don’t recommend these.
I would recommend for the US, the full enforcement of the Fair Housing Act
hud.gov
The re-institution of the Glass-Steagall Act for banks,
en.wikipedia.org
The Consumer Credit Protection Act,
fdic.gov
I would not allow Option ARM loans using any public funds. If a bank or CDO takes a hit, that's just too bad.
Funny money is OK with me. I have Tonka Trucks of the funny stuff sitting comfortably in banks and brokerage accounts, waiting to go short. It’s fun to play with.
Government vaults? I don’t know what to make of that. You’re suggesting no private banks? If so, private banks with no government regulations might be OK, but no bailouts –ever - and no FDIC insured deposits.
Well, warmest regards - my weekend is coming to an end.
GPS |
