3 ms·

deregulation is ways great for the economy

by bdangubic 2y ago

mcphage 2y ago
In the short term, sure. In the longer term… have you met 2008?
- bdangubic 2y ago
  see my comment above... you are right but there is no longer term in politics, especially in today's day and age...
  - mcphage 2y ago
    > you are right but there is no longer term in politics, especially in today's day and age Unfortunately, I still have enough years left in me, that I'm gonna be here for the long haul. The stock market exploding due to deregulation, and then in 10 years the entire economy imploding because of it, just means that I'm going to have to live through the economy imploding again.
    - bdangubic 2y ago
      I do not disagree, however my entire comment was on: I don’t think Trump made any campaign promises that wouldn’t deliver a catastrophic blow to the US economy I think deregulation will help the economy for sure. we can only speculate about the 10-year effects of such decisions
      - mcphage 2y ago
        > we can only speculate about the 10-year effects of such decisions I feel like I've been around long enough that I don't need to speculate on the long term effects of deregulation. We've seen the same things happen over and over.
- 0xy 2y ago
  Considering 2008 was inflamed by the Community Reinvestment Act, regulation that forced banks at gunpoint to lend to borrowers who were very likely to be delinquent, I'd say your comment is revisionism at best. Calling it deregulation when it was kicked off by a regulation that forced banks to give mortgages to people who could not afford it is a very questionable position.
piva00 2y ago
Not all economic activity is beneficial to society though. Economic activity generated by treating sick people from polluted air and/or water is a net negative to society; economic activity that feeds on despair (disasters, sickness, etc.) or 2nd/3rd order effects of deregulated industries is a net negative. Deregulation can cause an uptick in economic activity that has unforeseen negative consequences later down the line which might cost more for society to deal with, even though fixing it will generate even more economic activity.
- bdangubic 2y ago
  ... later down the line... do you think right now anyone is discussing things that Clinton/Bush/Obama/... did that caused problems "later down the line."? If Trump came up to the podium and said "don't blame me for this, blame GW Bush" we would all be laughing... you are right of course but there is no later down the line in politics...
ericjmorey 2y ago
Your comment is wildly incorrect
- bdangubic 2y ago
  sounds about right :)

deregulation is ways great for the economy

mcphage 2y ago

In the short term, sure. In the longer term… have you met 2008?

bdangubic 2y ago
see my comment above... you are right but there is no longer term in politics, especially in today's day and age...
- mcphage 2y ago
  > you are right but there is no longer term in politics, especially in today's day and age Unfortunately, I still have enough years left in me, that I'm gonna be here for the long haul. The stock market exploding due to deregulation, and then in 10 years the entire economy imploding because of it, just means that I'm going to have to live through the economy imploding again.
  - bdangubic 2y ago
    I do not disagree, however my entire comment was on: I don’t think Trump made any campaign promises that wouldn’t deliver a catastrophic blow to the US economy I think deregulation will help the economy for sure. we can only speculate about the 10-year effects of such decisions
    - mcphage 2y ago
      > we can only speculate about the 10-year effects of such decisions I feel like I've been around long enough that I don't need to speculate on the long term effects of deregulation. We've seen the same things happen over and over.
0xy 2y ago
Considering 2008 was inflamed by the Community Reinvestment Act, regulation that forced banks at gunpoint to lend to borrowers who were very likely to be delinquent, I'd say your comment is revisionism at best. Calling it deregulation when it was kicked off by a regulation that forced banks to give mortgages to people who could not afford it is a very questionable position.

piva00 2y ago

Not all economic activity is beneficial to society though. Economic activity generated by treating sick people from polluted air and/or water is a net negative to society; economic activity that feeds on despair (disasters, sickness, etc.) or 2nd/3rd order effects of deregulated industries is a net negative. Deregulation can cause an uptick in economic activity that has unforeseen negative consequences later down the line which might cost more for society to deal with, even though fixing it will generate even more economic activity.

bdangubic 2y ago
... later down the line... do you think right now anyone is discussing things that Clinton/Bush/Obama/... did that caused problems "later down the line."? If Trump came up to the podium and said "don't blame me for this, blame GW Bush" we would all be laughing... you are right of course but there is no later down the line in politics...

ericjmorey 2y ago

Your comment is wildly incorrect

bdangubic 2y ago
sounds about right :)