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Rules that increase transperency, create stability that leads to more competition is fine. It should always act in the interest of consumers. Never to protect producers or people from the "swings of the market". The only time the government should do market invervention is to inrease comptition, not limit it. Airline regulations and telecome regulations that restrict access to potential new entreupeneurs should have never been implemented. The focus should always be to increase competition. |
Book Club
How comes Collapse, Spanky? You should hurry and finish it before bilmore disappears again, since he has read it too.
I'm currently reading The World Is Flat by Thomas Friedman. Apparently it has had some bad reviews, but it think it is a pretty good summary of the reasons for and results of globalization of the economy. I dare say you'd like it, Spank. FYI. |
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Second the bookclub has now finished "Never Let Me Go." We are voting for the next book now. Only members in good standing- i.e. people who contributed to the discussion on NLMG- have a vote. You/Spanky do not have a vote. Maybe take a lesson. |
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The main problem is when the government tries to pick winners and losers in an industry. That is what needs to be prevented. If the government looks after the well being of the consumer then they almost never go wrong. It is when the government tries to protect producers you get into trouble. Price controls, subsidies, over regulation, almost always screw the consumers for the benefit of a producer who usually has a lot of lobbyists in Washington. |
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Standards. Whatever happened to standards. |
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