Wednesday, January 14, 2009

Government Regulation: Do we need more pounds or more pages?

Here's Samizdata on "The Myth of Unregulated Global Capitalism". Check it out and get back to me.....

They don't even bother mentioning the Community Reinvestment Act, The Federal Reserve, that Fannie and Freddie are quasi-government entities, or that Barney Frank and Chris Dodd's fingerprints are all over the warnings that were tossed in the trash. (Well, Samizdata is a British site. But I thought I should mention those things too.)

Here's Reason magazine, on the same subject:

Since Bush took office in 2001, there has been a 13 percent decrease in the annual number of new rules. But the new regulations' cost to the economy will be much higher than it was before 2001. Of the new rules, 159 are "economically significant," meaning they will cost at least $100 million a year. That's a 10 percent increase in the number of high-cost rules since 2006, and a 70 percent increase since 2001. And at the end of 2007, another 3,882 rules were already at different stages of implementation, 757 of them targeting small businesses.

Overall, the final outcome of this Republican regulation has been a significant increase in regulatory activity and cost since 2001. The number of pages added to the Federal Register, which lists all new regulations, reached an all-time high of 78,090 in 2007, up from 64,438 in 2001.

So.... the people who are wanting more regulation of our supposedly unbridled Free Market Economy.... Are you wanting more pounds of regulations? More pages? Or something more specific that says if you put your money down at the blackjack table, you can only win? Something that will punish your enemies and reward your friends?

2 comments:

Flee said...

Reading "Bush's Regulatory Kiss-off" confirmed what I have always believed, Republicans are not the deregulation anti government Gods they proport to be.

I purpose a Department of Regulation of Regulations. Their function would be to review old reugulation and rid our nation of any bad or outdated regulations. They would be like the closet organizers of our country. Just as things change in the private sector and jobs are eliminated the DRR would also be responsible for eliminating any jobs or departments associated with these deleated regulations.

Flee said...

"I purpose a"... spelling error alert... "I propose a"

My Bad