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Tag Archives: regulation

Political entrepreneurs vs the real entrepreneurs

We are regulating our economy to death. One of the main reasons why there is an increasing disparity in wealth in this country is that the crony class is wrapping the middle class and the merchant class – the entrepreneurial class – in red tape. Pay a tax here. Pay a fee there. Do you have a license to do that?  It is harder and harder to build a business – something which is plenty hard to do without the crushing weight of the state.

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Boston Globe: Vote all you want. The secret government won’t change.

I was recently talking with senior wonk in Washington DC about this very issue. Why was it for all the think tanks, all the white papers, all the fits and crying in the media about this issue and that, that policy on the big issues hardly ever changes to reflect the will of the American people?

My friend thought basically the same as the author interviewed in the attached article. There is a surface level government and then there is the “deep state,” a place where massive power is housed, and wielded by largely faceless and mostly unaccountable managers who have agendas which are often very different from what you and I might want.

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Can You Uber a Burger?

You sure can, and lots else besides.

With mobile computing markets for practically everything are much more dynamic and useful for the average person.

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Undercover tape emerges. Surprise! The Fed and Goldman Sachs work hand in glove.

One of the problems with the attached article is that it implies that the reason Goldman pulled the things it did and does is because the Federal Reserve, the regulator, wasn’t and isn’t strong enough to curtail Goldman’s power.

The Fed is plenty strong. Far too strong in fact. What the author doesn’t appear to get is that in this instance we don’t have a case of “regulatory capture” per se. The Fed doesn’t kowtow to Goldman Sachs. The Fed and Goldman, and JP Morgan etc., are partners and always have been.

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Sting operation targeted Uber and Lyft drivers

The fight against people trying to make an honest living and against customers who want a higher level of service continues on in Austin Texas. The taxi industry knows that their business model makes no sense these days so it is trying to regulate its survival. Across the country cab companies are leaning on their contacts in local government to make life as hard as possible for Uber and Lyft. And of course for you and me too.

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