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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (159728)	8/12/2019 11:17:48 AM
From: Art Bechhoefer	1 Recommendation Recommended By Maurice Winn Respond to of 196450

Maurice -- "Good riddance to the "regulated" business monopoly profits." Your view is consistent with that of George Stigler, a Nobel laureate who taught at the Univ. of Chicago back in the 1970's. Put another way, as he wrote, regulators tend to be coopted by the very firms or groups they are assigned to regulate. Stigler believed that regulatory agencies were pretty much useless and even counterproductive. The key here is independence. Regulators cannot do their job if they have preconceived bias, owing to former jobs or other connections. This obviously was the case where the FAA failed to regulate Boeing 387 Max safety equipment, having delegated the inspections to Boeing or former Boeing employees! It doesn't always work this way. I can provide numerous examples. My point is that when regulators don't always work the way they're supposed to, doesn't mean that regulatory agencies should be condemned in total. Art

To: Maurice Winn who wrote (159728)	8/13/2019 2:18:05 PM
From: Jamie153	Read Replies (2) \| Respond to of 196450

When I see pictures of what the US looked like in the 70s before the Clean Air Act, I see a very dirty country that was allowing companies to kill its citizens. I can't imagine anyone wanting to back to those days. Deregulation always causes economic collapse. Always. You argue things got better after the collapse but you didn't argue a collapse didn't happen. Are there better ways to do it? I suggested targeted deregulation and never for an entire industry but even then we have to be very careful. The damage from banking deregulation has been with me my entire life so my perspective may be different. The debt alone will never be paid back so I won't ever see "better." On the flip side of the coin is the economic good that comes from government. For example, the free market didn't create the Internet. It took visionaries like Al Gore to make it available to everyone. Imagine our world without smartphones, Google, social media etc. I always find it odd that one of the greatest inventions in human history was created by government, the same institution that's hated by republicans. Amazing.