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The authors are so brainwashed by the system, they don't even know that the policies they advocate for are the ones bringing the economy down. They recommend mo

The authors are so brainwashed by the system, they don't even know that the policies they advocate for are the ones bringing the economy down. They recommend more government investment in education, and a massive push for government funded "Green Jobs". This seems ludicrous as government jobs tend not to go to young people. How about using scaling government back a bit to encourage a better business climate? Look at the policy differences between Texas and California. It's no surprise where the jobs migrate to. Government needs to step back temporarily and let business flourish. A lower corporate income tax and tax breaks for early stage startup investments seem like it would go way farther than a huge push to add more government employees.

Hoff 16y ago
When government is in ascendence, the results are unstable. When commercial interests are in ascendence, the results are equally unstable. Neither lower taxes nor more regulations are a solution. Nor higher taxes, nor less regulations. And for those that hadn't noticed, government did step back from its designated regulatory roles, and we then saw the largest economic crash in a half century, we saw lies and fraud, profits from the increasing privatization of two wars, and (what should be distressing to any capitalist) socialized losses. Reprehensible numbers of (legal) techniques for bypassing taxes, including the so-called "Double Irish" of recent reports. And what has been one of the largest transfers of wealth seen in the US. (Which seems good if you're among the rich, until you realize you might not have an economy nor enough potential customers.) The numbers of corporate leaches is as troubling as the numbers of folks claimed to be government leaches; commercial organizations that are increasingly extractive, rather than productive. As a startup, I want a level business playing field. As part of that, I want cogent and adaptive regulation. And I don't choose to operate a business in those regions that are increasingly or entirely commercially-focused; that have ineffective or failing governments. As with all things, balance. Less government is as bad as more government. But that's just not a good sound bite.
- anamax 16y ago
  > And for those that hadn't noticed, government did step back from its designated regulatory roles, In what universe is pushing mortgages "stepping back from regulation"? Regulation is systemic risk.

Hoff 16y ago

When government is in ascendence, the results are unstable. When commercial interests are in ascendence, the results are equally unstable. Neither lower taxes nor more regulations are a solution. Nor higher taxes, nor less regulations. And for those that hadn't noticed, government did step back from its designated regulatory roles, and we then saw the largest economic crash in a half century, we saw lies and fraud, profits from the increasing privatization of two wars, and (what should be distressing to any capitalist) socialized losses. Reprehensible numbers of (legal) techniques for bypassing taxes, including the so-called "Double Irish" of recent reports. And what has been one of the largest transfers of wealth seen in the US. (Which seems good if you're among the rich, until you realize you might not have an economy nor enough potential customers.) The numbers of corporate leaches is as troubling as the numbers of folks claimed to be government leaches; commercial organizations that are increasingly extractive, rather than productive. As a startup, I want a level business playing field. As part of that, I want cogent and adaptive regulation. And I don't choose to operate a business in those regions that are increasingly or entirely commercially-focused; that have ineffective or failing governments. As with all things, balance. Less government is as bad as more government. But that's just not a good sound bite.

anamax 16y ago
> And for those that hadn't noticed, government did step back from its designated regulatory roles, In what universe is pushing mortgages "stepping back from regulation"? Regulation is systemic risk.