A federal job guarantee would be monumentally expensive, return only limited value from the participants’ work, entail administrative challenges nearly impossible to solve, and be potentially disastrous for economic growth and the private labor market.
"It seems almost impossible to rein in government. It keeps growing in size and scope in one direction after another. Why? And is there any way to reverse it?" ~ Richard Ebeling
Government subsidies and regulations are usually a mess. Each rule or payment might have its own laudable goal in a vacuum. But in many industries, aided by politics and corporate lobbying, the laws pile up on each other, twisting markets until economic logic seemingly doesn’t apply.
Many people assume that to raise wages, big companies must be dragged along by government policy. Amazon’s eye-opening announcement yesterday suggests otherwise.
No matter how good legislators’ intentions are, and no matter how much money government spends, government “solutions” are very likely to fall short of solving most of the problems they’re sold as solving. Indeed, often the result is disastrous.
The idea that Facebook will now have access to even more private information from its users may bother those who believe that what they disclose to a private organization should stay between the two of them, not between them and the government.
"Government and lobbying power can slow down the pace of change but they won’t stop progress." ~ Chloe Anagnos
E-cigarettes certainly carry with them some complicated health problems. But in terms of getting a big, flashy regulatory win, they are far less complicated than many arguably more dangerous products whose sellers have both deeper pockets and connections within government.
"Giving judges discretion over sentencing helps the individual under review, society as a whole, and the taxpayer, who won’t have to financially support yet another nonviolent convict for decades into the future. But most importantly, it helps to lessen the burden that the drug war has placed on the shoulders of people of color." ~ Chloe Anagnos
Fans will be fans. Peanut galleries will always be with us. It’s entertainment, and a major reason why we actually like sports, music, and books. Everyone is a critic. That’s all fine. But let’s not forget the profound difference between those who do and those who pretend to do, nor the difference between those whose wealth rests on creativity and human volition and those who bully others to get their way.
I understand why people often fear freedom or the consequences of breaking the rules, and thus acquiesce to government restrictions on their freedoms. But I fear that we have gone too far in this timid and cowardly compliance. So long as everyone respects everyone else's rights, we should have permissionless consumption (foreign and domestic), permissionless employment, permissionless entertainment, and permissionless everything and anything that's peaceful.
Hard caps can seem like a tantalizingly easy way to “protect” both incumbent drivers and New Yorkers facing grinding traffic, but a close look at those caps questions just how effective they can be at their stated goals. And the issues facing both groups illuminate underlying problems with no easy regulatory fix.
Rent-seeking is a problem that those on the left should have to answer for whenever they propose extensive new regulations. But as President Trump's recent steel tariffs show, the problem knows no political ideology, and is an inevitable occurrence at the friction point between personal connections and power. The only way out, it would seem, would be to greatly reduce the very power to regulate.