NoCoPilot
Posts : 20370 Join date : 2013-01-16 Age : 70 Location : Seattle
| Subject: "Harmful Regulations" Tue Dec 26, 2017 7:21 pm | |
| - Quote :
- This year, the House offered record relief from Obama-era red tape passing 16 bills that strike harmful regulations from the books.
I just can't get this sentence out of my mind. "Harmful regulations." What in god's name do you suppose the House means by "harmful regulations"? - Do they imagine these regulations were put in place to cause harm?
- Do they not understand that regulations get imposed because someone somewhere did something they shouldn't have, and it caused harm?
- What would a totally unregulated society look like? Like 1928 Times Square?
- Do they imagine that would that be a GOOD thing?
- If you look at who got rich in the period 1929-1939, people with large cash reserves did extraordinarily well. They were able to buy up assets -- businesses, land, properties, stocks, bonds, utilities -- for pennies on the dollar. They made huge profits off the misfortune of all of the small investors.
- Therefore..., like the apocalyptic christians who are praising Trump for hastening the end times, are there "apocalyptic economists" who are actively working toward a Second Great Depression, to get all the suckers out of the markets so they can scoop up assets?
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