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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (583070)	8/27/2010 7:55:28 PM
From: TimF	6 Recommendations Read Replies (1) \| Respond to of 1578012

In the first 8 years of this decade, we had the most free markets in a while. The Bush administration did little surpervising and regulating. False. We had increasing regulation, increasing tax complexity (at least at lower rates, but still more complex taxes), generally in every way but lower tax rates increasing intervention in the economy. What we certainly did not have was highly free markets. We had moderately free markers, but that's also what we had before. The trend was not toward "more free" in any way except the tax cuts. Also what we have now is (not totally but to an extent) the result of the regulation and control (not just under Bush, it goes way back, but Bush didn't help). I'm sure you see all sorts of regulations that would be net positives. I wouldn't see nearly as many as you do, but I'm not opposed to all regulation, or even any possible addition to regulation. But the regulation (here used in the broadest possible way, applying to any form of government intervention to control) has to make sense. 30 pages of contract stipulations and disclosures on a credit card application doesn't make sense. That's not just because of the added cost and complexity, or because of distant unforeseen side effects; it doesn't even make sense on its own terms. It doesn't protect people more it protect them less, as they can't sort out what's important from that ton of paper. If you want to get across important points to people, and you thin regulation requiring disclosure is the way to do it, fine. Require disclosure, but require disclosure of a limited amount of vital points. Requiring endless warnings, only makes people ignore or not even notice the warnings.