Deregulation and Free Markets

Does deregulation really lead to a free market with fewer rules and regulations?

Category:

People & Blogs

Tags:

• deregulation
• ronald
• reagan
• reaganomics
• liberalism
• free
• market
• economics
• friedman
• Chicago
• school
• Thatcherism
• ayn
• rand

[IFloridaMotocrossI]

You are 100% correct.

[eirefrance]

In fact, I think tax cuts haven't, at least in my adult life, been applied for anything close to good. It has always been about helping corporations that donate huge sums of money to politicians and hire them for "consulting" positions after retiring. Scratch my back, I'll scratch yours. It hasn't been about helping the economy in a long time.

[IFloridaMotocrossI]

Tax cuts are not always a good thing. Bush's tax cuts had little effect on the overall economy, with the exception of increased income inequality and a deficit.

Not allowing the government to collect revenue is the reason the Fire Department has started billing people.

[witzkeyman]

awesome explanation

[freesk8]

I think that if we eliminate the Iraq war, we can have tax cuts with no reductions in social programs.

[freesk8]

Agreed.

The Iraq war is bankrupting us.

[eirefrance]

I would have no problem with getting rid of or drastically reducing the income tax if we raised property and investment tax. I know this would hurt the overall economy so it would never be instituted, but what can I say, I was a socialist once and you never forget your first.

[eirefrance]

Well, it hasn't been a continuous pro-socialist movement divided by 1930. For instance, Munn v Illinois(1872) & Budd v NY (1892) allowed for direct price regulations by the state in private industries that provide public services. And, there is, of course, the popular modern movement of deregulation as constrast. Call it what you will, it is definitely not socialist.

[eirefrance]

I agree that any pro sports organization (or any private business that does not provide an essential service) should never receive funding from the govt. Defense, in general, should be cut. We don't need Cold War era tanks, for instance, to fight Al Qaeda.

[freesk8]

Even after Roosevelt, we had the most free economy of any nation except Hong Kong. In spite of the socialistic changes that have been added since 1930, the US is STILL one of the ten most free economies in the world. The key to our success is exactly the freedom of our economy. Defense of individual property rights, low taxes, low regulations, keeping government out of the economy is the secret to our prosperity. We are now in the process of undermining the key to our own success.