On Apr 25, 1:29=A0pm, Mike <yard22...@[EMAIL PROTECTED]
> wrote:
> Economic Security: The Coming Era of Re-Regulation.
> Lexington Institute.http://lexingtoninstitute.org/1259.shtml
>
> Economic Security: The Coming Era of Re-Regulation
> Loren B. Thompson, Ph.D.
> Issue Brief
> Apr 24, 2008
>
> Remember the Reagan Revolution? =A0It's over. =A0For 30 years, the
> political system has been dismantling the burden of taxes and
> regulations imposed on the economy by the New Deal. =A0When Ronald
> Reagan won the White House in 1980, he inherited a tax system that
> claimed up to 70% of taxpayer income, and a political culture in which
> even Republicans were willing to consider price controls as a way of
> suppressing inflation. =A0The Reagan Revolution eclipsed such thinking,
> wiping out a generation of liberal presidential candidates -- Mondale,
> Dukakis, Gore, Kerry -- who wanted to return to New Deal policies.
>
> But a counter-revolution is brewing, and the regulators are poised to
> return to power. =A0Tighter fuel-economy standards are being imposed on
> autos. =A0Controls are being instituted to rein in mortgage lenders.
> Suburban jurisdictions around Wa****ngton and other cities are
> mandating "green" construction standards for new homes. =A0And those are
> just the headlines from today's Wa****ngton Post. =A0The drumbeat of
> doubt about whether market forces can be trusted to deliver the best
> results has become deafening. =A0In the years ahead, the heavy hand of
> re-regulation is likely to descend on a wide range of industries:
It has to. Since the only thing most of the slush-fund idiots
in The Democrat Party even know about Politics is FDR, and
his economic legacy of now, 80 years on, severerly decaying 1930's
era infrastructure.
And so the only thing people with brains even build anymore,
for either of the idiot partys, is artificial intelligence,
digital computers,
laser disks, robots, satellites, non Wall Street networks, masers,
PV Cells,
Wind Energy, Electric Mowers, Moon Rockets, and Cruise Missiles for
the idiots.
>
> -- =A0The poor on-time records and flagging finances of airlines have
> convinced many observers that Carter-era deregulation is a failure.
> Fares are much cheaper than back then, but most other industry metrics
> have deteriorated. =A0Things have gotten so bad that even industry gurus
> like Robert Crandall are calling for a return to regulation.
>
> -- =A0Deregulation of electricity generation has become a political hot
> potato as rising rates convince many users they are being gouged. =A0In
> some states such as Texas and Massachusetts, rates have risen over 50%
> since deregulation occurred at the beginning of the decade. A lot of
> the increase results from higher fuel costs, but rates aren't rising
> as fast in states that still regulate.
>
> -- =A0After resisting efforts to impose new fuel-economy standards on
> automobiles for years, the Bush Administration now plans to toughen
> requirements. =A0Average fleet efficiency will be required to rise from
> 25 miles per gallon today to 32 miles in 2015 -- a one mile
> improvement each year for seven straight years. =A0The move is supposed
> to reduce dependence on overseas oil and limit greenhouse gases.
>
> -- =A0With the finance industry facing problems reminiscent of the
> Reagan-era savings and loan debacle, federal regulators are asserting
> greater oversight. =A0Federal Reserve officials say the regulatory
> system needs to be streamlined to detect problems sooner. =A0That means
> less innovation in a sector that has turned indebtedness into a core
> feature of national life.
>
> Heavier regulation of other industries will follow, from housing to
> healthcare to higher education. =A0It isn't hard to see why faith in
> market forces has waned: =A0the economy has made a weak start to the new
> millennium, with sub-par growth rates, weak job creation (at least in
> the private sector) and staggering trade deficits. =A0The cost of just
> about everything has risen faster than wages, from food to energy to
> education to medical coverage. =A0So proponents of regulation in
> academia and government are gaining the upper hand against advocates
> of market forces. =A0But it's an open question whether more regulation
> can solve any of these problems. =A0And we'll see how all the academic
> critics of free enterprise feel when the government tells them their
> colleges are charging too much for an education.
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