Framing the Dialogue

Posts Tagged ‘regulation’

Wimpy Washington Economics

“Top Democrats and Republicans in Congress prepared new proposals to avert a government debt default and a potential global financial crisis.”

That’s the lead paragraph from a story in today’s paper.  What should scare you is when Democrats and Republicans agree on something the public generally gets screwed.  I believe that both sides realized that they set up this “battle” and now that the public is watching they are not sure how to get out from all of the rhetoric that they have been spreading.  What both sides agree on is that they both want desperately to get re-elected and regain power.  Even a little power is better than none and they are more than willing to squander our money, our children’s money, and our grandchildrens’ money to maintain their power.  Here are few facts as I see them:

The Death Of Common Sense

Death of common senseA had this book a while and thought that it would be a good one to follow The Law by Frederic Bastiat reviewed last week.  Although published fifteen years ago The Death of Common Sense provides a direct insight into the substitution of common sense for bureaucracy in America.  Common sense and responsibility is replaced with tens of thousands of pages of rules that promote inaction rather than progress.  Having worked for many years in government I can attest to the ability of civil servants to skillfully avoid decisions contrary to the letter of the regulation even though they make complete sense.