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Old 06-22-2010, 01:35 PM
 
6,559 posts, read 9,072,595 times
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Do any of you make a distinction between regulations that are actually useful or needed vs those that are harmful?

I generally support regulation in the form of oversight to bring about transparency that deals with reducing shady or abusives business practices. But I don't support regulations that have a distorting affect on economic activity like price controls for example. This is why I don't support regulation just for the sake of regulation. If the regulation is about oversight then I'am for it but if the regulation is about trying to control the market to bring about a certain outcome then it's this regulation that seems to cause the most problems.

Quote:
Gonzales blames dairy companies for the milk shortage. Government officials blame a recent drought. But dairy producers and many economists say government-imposed price caps have compounded the problem by sapping corporate incentive to invest in production.

Such price controls are also taking much of the blame for the recent energy problems. Twice in the past three weeks, more than 700 service stations around Buenos Aires were ordered to stop pumping compressed gas. Analysts say the cuts were a result of pricing controls instituted in 2002 that have encouraged consumption and discouraged industry investment in infrastructure improvements needed to boost production.

Scarcity of Goods Sows Frustration Among Argentines - washingtonpost.com

Last edited by Motion; 06-22-2010 at 01:47 PM..
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Old 06-22-2010, 05:25 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,322,804 times
Reputation: 3587
Quote:
Originally Posted by Motion View Post
Do any of you make a distinction between regulations that are actually useful or needed vs those that are harmful?

I generally support regulation in the form of oversight to bring about transparency that deals with reducing shady or abusives business practices. But I don't support regulations that have a distorting affect on economic activity like price controls for example. This is why I don't support regulation just for the sake of regulation. If the regulation is about oversight then I'am for it but if the regulation is about trying to control the market to bring about a certain outcome then it's this regulation that seems to cause the most problems.
I agree with what you said. I am not for interference in markets. For example we have a law here that says how much you have to sell gas for. And I think Wal*Mart should be allowed to operate a bank in competition with other banks. And if BOA wants to open department stores, fine by me.
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Old 06-22-2010, 05:30 PM
 
Location: Columbus
4,879 posts, read 3,907,124 times
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Only thing government needs to concern itself with is fraud and violence.
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