Politics
Out of context: Reply #16609
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I thought greenspan in his youth agreed with rand but cut ties long before this. Wether that true or not doesnt change the fact he made a dumb decision ignoring mans nature. And going along with the justification that good intentions trumph results.
I agree he failed. Like i said a lot of problems due to lots regulation can also be had by a less regulations but a few really bad regulations. This helps promote the idea less regulation is a bad idea in general consensus leading to more regulation and complexity. Id prefer to focus on what was the cause rather than the symptoms. No real truth can be had focusing on level of regulation.
Which at face value seems to be what i am doing. But im not. Im speaking generally that less regulation keeps a market more able to decide for itself. Which is true. And im not against regulation but poor regulations. Ones that create negative incentives.
I hear people saying all we need is more regulations, but not knowing what regulations those are. Setting up the incentives for politicians to create regulations that promote their own ends. And claiming its for the greater good with good intentions. I dont underestimate their reality that its good, and i also look at what they get in return for their merit of the greater good. People can easily convince themselves there gain isnt for themselves bu the greater good. And i think thats wrong. I would rather talk about individual regulations and how they effected things on their own and with other regulations in order to prevent repeating the same mistakes.
The fact is no amount of regulations can keep a person like greenspan or a president from promoting bad regulations. Wether it be really sincere or smokescreen so they can sleep at night. What controls those who make the rules that cause harm. Why i still stand strong on the idea that a free market voting everyday with there dollars is far more efficient regulating system than a government on economic policy. Its not perfect and you cant control the major regulations, but those few are more in the spotlight to be discussed and analyzed. And god hopes we have a smart enough people to realize the ends of such policies when voting. And i may be pulling a greenspan when i hope that populace is more educated than focusing on short term gains given by politicians to see the larger problems. Which currently i think i would be doing...
Which is a whole nother argument on how education is the primary foundation against what we're going through. It goes hand in hand but branches off in so many more tangents that isnt possible to grasp with differing philosophies and views in this medium. All i can suggest with the current education system is to focus less on federal policy and more on a state level. need competition of ideas to help change what is. But like i said a whole different conversation.