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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (22764)	8/19/2010 7:21:25 AM
From: Brumar89	1 Recommendation Respond to of 86356

Liberal discovers economics Matthew Yglesias has made a discovery. Rules and regulations benefit (gasp) businesses. It seems Matthew Yglesias discovered there is a DC Board of Barber and Cosmetology, which regulates, well, barbers and cosmetologists. From Matthew Yglesias: “Regulation of this sort seems totally unnecessary. People don’t die of bad haircuts, and since hairstyle is a quintessential matter of taste there’s absolutely no reason to think consumers can’t figure out for themselves who has a decent reputation as a cutter of hair. You can cut your own hair perfectly safely in your own house, and if you screw it up all that happens is you need to find a real professional to fix it. But what’s more, even if regulation were somehow a good idea, the composition of the board couldn’t possibly serve a legitimate consumer protection function. It’s overwhelmingly composed of people from the industry whose incentive is to limit competition and raise prices.” Congratulations, Matthew Yglesias, you have just discovered what my economics professors used to call Barriers To Entry, in much the same way Charlton Heston discovered the secret ingredient for soylent green. All those business lobbyists in Washington? They are not there to stop legislation. They are there to write legislation. Of course BP endorsed tougher regulations on oil drilling. It helps their side businesses in alternative energy and keeps wildcatters from drilling for oil. Those tough regulations on Wall Street? Goldman Sachs wrote them. Hey, it paid Obama a million bucks for that seat at the table. When I get time, I will explain why Bill Gates and other billionaire liberals create tax-free — er, non-profit — foundations. A hint: John D. Rockefeller V was born a millionaire. blogs.dailymail.com

To: TimF who wrote (22764)	8/19/2010 8:44:36 AM
From: Road Walker	1 Recommendation Read Replies (2) \| Respond to of 86356

The risk of crime reduces the desirability of the run. No, it makes taking the fare insane. You have, as have many others but that isn't a typical fare. 15-30 minutes at a hotel, 2 hours at an airport were pretty typical when I was driving. So if there really is no supply limitation (or the limit is so high it doesn't affect the market) than we can do away with price controls on the industry. Oh great... then visitors to NYC will get the "tourist rate". Hate to say it Tim but deregulating the Taxi business sounds like a nightmare for many reasons.