Author Topic: Deregulation. Some good news.  (Read 1226 times)

rkbabang

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Deregulation. Some good news.
« on: November 11, 2017, 09:09:47 AM »
The Trump presidency isn’t all bad news. I guess every mushroom cloud has a silver lining.

“during the Reagan presidency, both the Federal Register and federal regulations decreased by more than one-third. And as impressive as this record surely was, it’s already been broken by Donald Trump”

https://fee.org/articles/trump-is-quietly-deregulating-all-the-things/


rukawa

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Re: Deregulation. Some good news.
« Reply #1 on: November 11, 2017, 11:56:41 AM »
I'm very skeptical
https://www.bloomberg.com/view/articles/2017-07-24/the-truth-about-trump-and-deregulation

The thing is I don't think significant deregulation can occur without legislative action. I would guess 90% of regulations in the US don't really make sense. What would be cool is if the federal government used its commerce clause powers to rescind most professional licensing laws across the entire country or eliminate all interstate trade barriers.

LC

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Re: Deregulation. Some good news.
« Reply #2 on: November 11, 2017, 03:53:01 PM »
Quote
What would be cool is if the federal government used its commerce clause powers to rescind most professional licensing laws across the entire country
I can understand the interstate trade deregulation. But why professional licenses?
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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rukawa

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Re: Deregulation. Some good news.
« Reply #3 on: November 11, 2017, 06:53:32 PM »
Quote
What would be cool is if the federal government used its commerce clause powers to rescind most professional licensing laws across the entire country
I can understand the interstate trade deregulation. But why professional licenses?

A general article:
https://www.brookings.edu/research/occupational-licensing-and-the-american-worker/

Or here for specific examples:
http://ij.org/case/florida-diet-coaching/
http://ij.org/case/north-carolina-makeup-schools/
http://ij.org/case/louisiana-threading/
http://ij.org/case/charleston-tour-guides/
http://ij.org/case/iowa-hair-braiding/

The IJ site has a bunch of cases like this.
« Last Edit: November 11, 2017, 07:02:13 PM by rukawa »

LC

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Re: Deregulation. Some good news.
« Reply #4 on: November 11, 2017, 07:17:08 PM »
Ah ok, that makes more sense. I'll admit when I think of professional licenses I think of occupations such as doctors, lawyers, engineers. Not hairdressers, diet coaches, etc.

In this latter case I agree, the "license" is complete rent-seeking. I do think there is a line to be drawn, and I think this paragraph sums it up nicely:

Typically, customers face few adverse effects from low-quality work, or they can readily evaluate the work’s quality themselves. For instance, customers can choose a tailor and decide whether the pant hemming done is satisfactory, all without benefit of a license. Potential problems arise, however, when work quality is difficult to observe and harm from low-quality work is substantial. In economic terms, a problem of “asymmetric information” may result, with consumers unable to distinguish between high- and low-quality work. For example, an incompetent surgeon may be hard to identify – at least ahead of time – and patients may suffer serious harms before having the opportunity to learn from repeated interactions.


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ragnarisapirate

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Re: Deregulation. Some good news.
« Reply #5 on: November 12, 2017, 05:43:27 PM »
I see this a lot in real estate. In KY wall trades are increadibly licensed and regulated. Want to be a plumber, Electrician, or Hvac installer? That’s gonna take 2 years as an apprentice (which is basically tool running) and 4 years as a journeyman. Want to manage property? Great your realtors license, then work under a broker for 2 years, with sub par wages.

It’s crazy. Modern indentured servitude.

Jurgis

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Re: Deregulation. Some good news.
« Reply #6 on: November 13, 2017, 08:20:02 AM »
Isn't KY red state? Aren't these guys for no regulations?

rkbabang

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Re: Deregulation. Some good news.
« Reply #7 on: November 13, 2017, 08:23:35 AM »
Isn't KY red state? Aren't these guys for no regulations?

There are no US states without a crazy amount of regulations & ridiculous licensing laws.  Republicans for the most part campaign like Libertarians and govern like Democrats.

EDIT:  Republicans might actually care about their precious social issues (the places I think they are the most wrong), but on financial issues regardless of what they say when campaigning they are mostly all big government crony-capitalists at heart.  The opposite of Democrats who care a great deal about their big government socialist financial issues (the places I think they are the most wrong), but, campaign rhetoric aside, are happy to go along with the Republicans on war, prisons, crime, drugs, prostitution, etc...

« Last Edit: November 13, 2017, 08:34:56 AM by rkbabang »

ragnarisapirate

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Re: Deregulation. Some good news.
« Reply #8 on: November 13, 2017, 04:40:42 PM »
Isn't KY red state? Aren't these guys for no regulations?

KY is a red state. However, it isn’t beyond using licensing laws to protect a select few. It’s all about who’s ox is getting gored.