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The One and Only... The One and Only... is offline
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Old Feb 11th, 2004, 07:54 PM       
Quote:
Originally Posted by mburbank
That's a nice string of words. Did you intend to back them up, or are you speaking ex-cathedra?
Apply commonsense.

Regulations hinder flexibility. Well, that's pretty damn true. If a regulation has forced me to provide certain safety measures for my workers when an alternative could have been used just as effectively, flexibility has been hindered. And it doesn't take a genius to find an example.

Lowering and raising incentives are what regulations are created for. My incentive to run a company within X industry if Y regulation makes it more expensive to do so. In a free market, the incentive purely corresponds to the information I have gathered on the aggragate demand.

Quote:
I refer you again to the fact that the rule of law is all that prevents me from harvesting your orgns and selling them.
Point being what? Privatized defense firms could protect me within anarcho-capitalism. I just accept that police are one of those oddities that operate more efficiently as a monopoly.

Quote:
I think he said 'stop rewarding for laying off'. What are you, binary?
And how do we reward them, exactly? With a higher profit margin because the worker was unnecessary? This is similar to technological progress: I'd rather more efficient methods of doing tasks were created than perpetuate 100% employment (sorry if that comes off a little Schumpeterian).

Quote:
It certainly has provided more and more efficient ways to launder money.
Not really. Money dumped into banks in foreign nations still gets taxed by that country, and, if I recall, we tax it too (or is that only corporate profits?). In any case, you have a very simplistic view of the issue. The benefits outweigh the drawbacks.
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