Category: Really, really bad calls, Regulation, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

14 Responses to “Regulations Are Entirely to Blame for Unemployment and a Leading Cause of Death in the United States”

  1. edillon says:

    Entertaining but just a little cherry picking of low lying fruit to make their point, n’est-ce pas?
    Instead of throwing the baby out of with the bathwater, why can’t they come up with a more balanced evaluation; they’re message seems to be any and all criticism of regulations is unwarranted – look how silly these examples are… and job loss “if at all” can’t be tied to regulations as big bad industry would want all of us to believe.

    • Frilton Miedman says:

      To make that accusation, provide a link to an argument that supports the notion that government creates regulations solely for the purpose of undermining economic progress or destroying jobs. (Are there any examples?)

      The question is whether you’re parroting “Fox & Friends” or making an argument based on personal knowledge, the author has taken the time to prove his argument – do the same yourself.

  2. ilsm says:

    Silly me!

    i have been blaming the borrowed trillions diverted from better uses into the pentagon trough.

  3. DeDude says:

    Yes if you do X (which I don’t like) the entire country will explode and sink into the ocean.

  4. 4whatitsworth says:

    It is true that there is often unfounded rhetoric when a new regulation is introduced. I also agree that some regulations can be very good such as reduction of emissions with the Catalytic converter and minimum wage (Which I think should be raised BTW). This said many and possibly most regulations are politically motivated and do more harm than good. Ethanol is a good example this as are many environmental regulations such as the ones that are shutting down the keystone pipeline.

    In addition many regulations often do not turn out as intended let’s look at Sarbanes-Oxley for example. As an investor I happen to really like SOX it forces companies to be accountable and puts in serious discipline on financial controls. As it turns out this discipline actually increases profits unfortunately for many it has also resulted in reducing labor costs. SOX can also stifle innovation because it puts significantly more power in the hands of bean counters instead of those who can grow the business.

  5. rd says:

    Regulations are all about reducing socialization of costs. A case in point is the usage of lead in gasoline which seemed like a good idea until the health and ecological impacts of lead were understood. The costs of re-engineering of engines etc. were very small compared to the society wide costs of having a major constant input of lead into the environment.

    However, the US often does a poor job of implementing regulations so that the benefits are maximized and costs are minimized. Some of this is deliberate such as industry lobbying creating numerous preferential loopholes.

    Bad organization is another major drag on good implementation. The US has too many agencies at the federal and state levels with overlapping jurisdictions. This creates two major negative impacts:

    1. Confusion leads to gaps in regulatory coverage with no agency identified as responsible for regulating a specific activity.

    2. Two or more agencies with overlapping jurisdiction on an issue. That can make it very difficult to know what to do as the two agencies may have different interpretations at different points in the process.

    The US has also made regulations far too complex with very prescriptive approaches that can often be out-of-date quickly as technology and approaches evolve. That is when the long, complex rulebook either becomes overly restrictive or leaves voids to be exploited. The US should consider having much more principle-based regulation insteadof focusing on detailed process.

  6. Glen says:

    I see The Onion now has a DC office.

    Good to know…

    • rd says:

      The Onion is getting very concerned about having the public sector moving in to take over The Onion’s market niche. They are now realizing that they need a DC office in order to be able to compete with Congress and the Administration for new content in their magazine.

  7. bytehead says:

    Heart disease exists because of regulations?

    We had the Great Recession because of regulations?

    Who knew?

    • protonrick says:

      Yes. You beat me to it.
      But I will add by asking if cancer, esp lung and stomach cancer, emphysema, diabetes [America's new second most popular cause of death] and drunken driving murder and family abuse are on the rise due to too many regulations.
      Oh, yes, can’t forget pharma overdose [as in nation-wide, as a society] and next year’s overwhelming radiation poisoning from Fukushima.

  8. DMR says:

    Figure 1 has some glaring omissions: Our regulations that restrict murder have put millions of crooks out of business, for example. If the author were to do his research thoroughly, the list of examples could be doubled.

  9. Bob A says:

    Yeah surprise surprise. Same people that told us the Vietnamese would be invading Thailand, Malaysia and the US west coast if we pulled out of Vietnam

    • theexpertisin says:

      They did, through immigration and flight based upon the retributions of the North Vietnamese.

      It worked out pretty well for all three of the countries you mentioned.

  10. just-sayin says:

    I totally agree with you on this one.
    I am a retired Canadian Nuclear Government Regulator and found
    that the US was always too ‘prescriptive’ in its regulatory approach.
    However, this may be a consequence of its ‘litigious’ environment
    where everything is challenged by lawyers.
    Ideally , regulations should be crafted simply without too much detail
    as this is where the lawyers will ‘circle’ in their feeding frenzy……