Actions for Freedom

Conversations on more than 50 actions to expand freedom in the United States

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Regulations

Where can they be reduced and where are they needed?

Members: 2
Latest Activity: Jun 9, 2012

Some background on regulations

Regulations cost nearly 8% of the total output of the U.S. economy. They should be reduced.

Big companies like regulations because smaller competitors can't cope with them. Regulations favor the incumbent.

As to their effectiveness, keep in mind that Harry Markopolos made detailed submissions to the SEC in 2000, 2001 and 2005 showing that Bernard Madoff's investment business was a fraudulent Ponzi scheme, but there was no effective investigation. In a similar failure, several parties and agencies warned the SEC years before the public was informed of Sir Alan Stanford's $8 billion Ponzi scheme.

However, on April 17, 2010 the SEC charged Goldman Sachs Group, Inc. with deceiving clients by selling them mortgage securities designed by a hedge-fund firm run by John Paulson, which was betting that the housing market would collapse. Is there an implication that some of the toxic assets that nearly brought down the financial services industry were designed to fail?

Discussion Forum

FDA Wants to Regulate Software Used by Patients

The following e-mail was sent by the National Center for Policy Analysis, June 8, 2012.As healthcare providers computerize how they take care of us, we're computerizing how we take care of ourselves.…Continue

Tags: software, NCPA, FDA

Started by Daniel Dyer Jun 9, 2012.

Time to Deregulate the Practice of Law

U.S. industries that have been deregulated, such as airlines, trucking, and cellular phone services, have gone on to offer better quality services at lower costs. Even in healthcare, physician…Continue

Tags: ABA, legal, regulation, law

Started by Daniel Dyer Aug 22, 2011.

House committees might review government regulations 1 Reply

“According to a George Washington University study, the Obama Administration issued 16,200 regulations in 2009."In February 2011, the House of Representatives will debate a resolution that each of…Continue

Tags: tea party, mandates, regulation, job creation, economy

Started by Daniel Dyer. Last reply by Christopher Mullaney Feb 7, 2011.

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