[patientrenter]

[quote=CONCHO] …..I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed….[/quote]

I can agree to that easily:)

From what I have seen, bad regulation will really screw things up eventually. You can get bad regulation in lots of ways. One of the many ways is plain absence – too little regulation of what needs regulating. Another way is to have just the right amount of regulation, but the regulations direct people to do the wrong things. A third way is too much regulation – nothing productive gets done ‘inside’ the regulated system, and the regulations restrict productive enterprises outside the system. Corruption inside the government becomes rampant.

Right now, politicians are making lots of calls to the new regulators to direct money to their backers and their voters. The new bailout was a product of those calls. It benefits both institutions and individuals. The only uniting trait amongst the beneficiaries is irresponsibility. I am not hopeful that we are going to a better system.

[patientrenter]

[quote=CONCHO] …..I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed….[/quote]

I can agree to that easily:)

From what I have seen, bad regulation will really screw things up eventually. You can get bad regulation in lots of ways. One of the many ways is plain absence – too little regulation of what needs regulating. Another way is to have just the right amount of regulation, but the regulations direct people to do the wrong things. A third way is too much regulation – nothing productive gets done ‘inside’ the regulated system, and the regulations restrict productive enterprises outside the system. Corruption inside the government becomes rampant.

Right now, politicians are making lots of calls to the new regulators to direct money to their backers and their voters. The new bailout was a product of those calls. It benefits both institutions and individuals. The only uniting trait amongst the beneficiaries is irresponsibility. I am not hopeful that we are going to a better system.

[patientrenter]

[quote=CONCHO] …..I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed….[/quote]

I can agree to that easily:)

From what I have seen, bad regulation will really screw things up eventually. You can get bad regulation in lots of ways. One of the many ways is plain absence – too little regulation of what needs regulating. Another way is to have just the right amount of regulation, but the regulations direct people to do the wrong things. A third way is too much regulation – nothing productive gets done ‘inside’ the regulated system, and the regulations restrict productive enterprises outside the system. Corruption inside the government becomes rampant.

Right now, politicians are making lots of calls to the new regulators to direct money to their backers and their voters. The new bailout was a product of those calls. It benefits both institutions and individuals. The only uniting trait amongst the beneficiaries is irresponsibility. I am not hopeful that we are going to a better system.

[patientrenter]

[quote=CONCHO] …..I guess the only thing I’ve learned is that whenever some guy in a suit is on TV telling me that he’s going to solve my problems, I know I’m about to get screwed….[/quote]

I can agree to that easily:)

From what I have seen, bad regulation will really screw things up eventually. You can get bad regulation in lots of ways. One of the many ways is plain absence – too little regulation of what needs regulating. Another way is to have just the right amount of regulation, but the regulations direct people to do the wrong things. A third way is too much regulation – nothing productive gets done ‘inside’ the regulated system, and the regulations restrict productive enterprises outside the system. Corruption inside the government becomes rampant.

Right now, politicians are making lots of calls to the new regulators to direct money to their backers and their voters. The new bailout was a product of those calls. It benefits both institutions and individuals. The only uniting trait amongst the beneficiaries is irresponsibility. I am not hopeful that we are going to a better system.

[patientrenter]

Thanks for the explanation, CONCHO. Do you think that, overall, government’s (=regulators’) intervention in the housing market has helped to increase house prices, or decrease them? (So assume that govt intervention in the housing market over the last 30 years was limited to enforcing private contracts, how would the hypothetical resulting home prices today compare with the real prices today?)

[patientrenter]

Thanks for the explanation, CONCHO. Do you think that, overall, government’s (=regulators’) intervention in the housing market has helped to increase house prices, or decrease them? (So assume that govt intervention in the housing market over the last 30 years was limited to enforcing private contracts, how would the hypothetical resulting home prices today compare with the real prices today?)

[patientrenter]

Thanks for the explanation, CONCHO. Do you think that, overall, government’s (=regulators’) intervention in the housing market has helped to increase house prices, or decrease them? (So assume that govt intervention in the housing market over the last 30 years was limited to enforcing private contracts, how would the hypothetical resulting home prices today compare with the real prices today?)

[patientrenter]

Thanks for the explanation, CONCHO. Do you think that, overall, government’s (=regulators’) intervention in the housing market has helped to increase house prices, or decrease them? (So assume that govt intervention in the housing market over the last 30 years was limited to enforcing private contracts, how would the hypothetical resulting home prices today compare with the real prices today?)

[patientrenter]

Thanks for the explanation, CONCHO. Do you think that, overall, government’s (=regulators’) intervention in the housing market has helped to increase house prices, or decrease them? (So assume that govt intervention in the housing market over the last 30 years was limited to enforcing private contracts, how would the hypothetical resulting home prices today compare with the real prices today?)

[patientrenter]

[quote=SD Realtor]PR my wife has been on the get out of california kick for a long time now… Lately though she is thinking that getting out of the US is really the way to go. However all of the countries we are considering are so dependent on the US I guess it may not matter.

The best bet would probably be to move to China but that is not really what we want to do. [/quote]

Well, I probably will stay here for a while also, but my ’emotional’ loyalty to the country is just about severed. From now on, it’s all about which place offers me the best deal.

Isn’t it funny how China is one of the places that talented people think about as competing with the US, on cultural fit as well as pure money? I don’t think any of us imagined that 20 years ago. But now that the US has embarked on confiscating savings of responsible citizens, we don’t have to imagine it any more.

[patientrenter]

[quote=SD Realtor]PR my wife has been on the get out of california kick for a long time now… Lately though she is thinking that getting out of the US is really the way to go. However all of the countries we are considering are so dependent on the US I guess it may not matter.

The best bet would probably be to move to China but that is not really what we want to do. [/quote]

Well, I probably will stay here for a while also, but my ’emotional’ loyalty to the country is just about severed. From now on, it’s all about which place offers me the best deal.

Isn’t it funny how China is one of the places that talented people think about as competing with the US, on cultural fit as well as pure money? I don’t think any of us imagined that 20 years ago. But now that the US has embarked on confiscating savings of responsible citizens, we don’t have to imagine it any more.

[patientrenter]

[quote=SD Realtor]PR my wife has been on the get out of california kick for a long time now… Lately though she is thinking that getting out of the US is really the way to go. However all of the countries we are considering are so dependent on the US I guess it may not matter.

The best bet would probably be to move to China but that is not really what we want to do. [/quote]

Well, I probably will stay here for a while also, but my ’emotional’ loyalty to the country is just about severed. From now on, it’s all about which place offers me the best deal.

Isn’t it funny how China is one of the places that talented people think about as competing with the US, on cultural fit as well as pure money? I don’t think any of us imagined that 20 years ago. But now that the US has embarked on confiscating savings of responsible citizens, we don’t have to imagine it any more.

[patientrenter]

[quote=SD Realtor]PR my wife has been on the get out of california kick for a long time now… Lately though she is thinking that getting out of the US is really the way to go. However all of the countries we are considering are so dependent on the US I guess it may not matter.

The best bet would probably be to move to China but that is not really what we want to do. [/quote]

Well, I probably will stay here for a while also, but my ’emotional’ loyalty to the country is just about severed. From now on, it’s all about which place offers me the best deal.

Isn’t it funny how China is one of the places that talented people think about as competing with the US, on cultural fit as well as pure money? I don’t think any of us imagined that 20 years ago. But now that the US has embarked on confiscating savings of responsible citizens, we don’t have to imagine it any more.

[patientrenter]

[quote=SD Realtor]PR my wife has been on the get out of california kick for a long time now… Lately though she is thinking that getting out of the US is really the way to go. However all of the countries we are considering are so dependent on the US I guess it may not matter.

The best bet would probably be to move to China but that is not really what we want to do. [/quote]

Well, I probably will stay here for a while also, but my ’emotional’ loyalty to the country is just about severed. From now on, it’s all about which place offers me the best deal.

Isn’t it funny how China is one of the places that talented people think about as competing with the US, on cultural fit as well as pure money? I don’t think any of us imagined that 20 years ago. But now that the US has embarked on confiscating savings of responsible citizens, we don’t have to imagine it any more.

[patientrenter]

CONCHO, I don’t know much about Milton Friedman’s work (apart from third-hand unrepresentative excerpts used by people with a political ax to grind on the left or right). Did he teach that unlimited expansion of the money supply (credit) was a good thing? Or that it was good to suppress interest rates as low as possible to encourage people to borrow liberally? If so, Barney Frank must be a Milton Friedman disciple. That’s not what I thought, but I don’t know as much as you.

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