http://www.forbes.com/forbes/2008/1110/018_3.html

Stolen from DIGG

Harald Meyerson writes in The Washington Post advocating pushing regulation of the ilk of the New Deal unto the world. Nice reasoning, the policies of The New Deal, those failures that kept us in the Depression for many unneeded extra years, are exactly what we need as we are leaving the melancholy world of a deep recession in to the depressing world of a, well, a Depression. Do we need more regulation? well the right amount of government makes us freer, but all regulation should be designed to free citizens to be industrious, even after the Law of Unforseen Consequences hits.

There might be a better way, reduce the liability protections that allow products to be created or services rendered in other countries, that effect the end consumer/user. This is an already successful practice that has withstood the test of time, and is surely the conservative path, for in Texas a design, of any origin, must be signed of by a Texas certified professional engineer, thus there is always local liability. In the abstract this answers the same problem so we can extend it to say widgets. From the moment of the it arrives on the shores of the our there must be a seller or reseller who is liable. Thus, practices that endanger Americans can remedied in civil courts even when American laws were not broken.

Government cannot outlaw the business cycle, but it can legislate away the recovery. Let us have a less restrictive government but one the let us remedies

Folks, (draft 1)

There seems to be a bit of confusion about the roles and separation of the Federal Reserves’ Monetary Policy and the Problem’s drive by the inherit weakness of the GSE’s such as Fannie Mae and Freddie Mac.

The Fed’s Monetary Policy guaranteed that there would be an exacerbated boom and bust, that is one driven by extreme mal-investment ending with an equally extreme correction; it was the underwriting by the GSE’s pointed the malinvestement towards housing.

Thus, it is the monetary policy creates the fools and the GSE’s bear them.

God Save the Republic,

Will