Search results “Regulation or deregulation”
Regulation and Deregulation
Here is a video on Regulation and Deregulation incorporating and analysis of current events relating to monopolies and price fixing, explanations of concepts, and a discussion on why Regulation and Deregulation may be necessary.
Views: 4378 Richard Whelan
Government Regulation: Crash Course Government and Politics #47
Today, we’re going to wrap up our discussion of economic policy by looking at government regulation. We're going to talk about the government's goals for the U.S. economy and the policies it employs to achieve those goals. Ever since the New Deal, we've seen an increased role of the government within the economy - even with the deregulation initiatives of President Carter and Reagan in the 80's. Now this is all pretty controversial and we're going to talk about it, as this is a long way from the federal government handed down by the framers of the constitution. Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios Support is provided by Voqal: http://www.voqal.org All attributed images are licensed under Creative Commons by Attribution 4.0 https://creativecommons.org/licenses/... Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 208420 CrashCourse
Airline Law and Regulation: A Brief History [POLICYbrief]
Why is the airline industry one of the most heavily regulated and subsidized industries in America? Gary Leff, Mercatus Center CFO and author at ViewFromTheWing.com, explains his point of view. As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker. Follow Gary Leff on Twitter: @garyleff https://twitter.com/garyleff Related Links & Differing Views: Federal Reserve Bank of San Francisco: Competition and Regulation in the Airline Industry https://www.frbsf.org/economic-research/publications/economic-letter/2002/january/competition-and-regulation-in-the-airline-industry/ Huffington Post: Airline Deregulation: A Triumph of Ideology Over Evidence https://www.huffingtonpost.com/david-morris/airline-deregulation-ideology-over-evidence_b_4399150.html Forbes: Why The Airline Industry Needs More Regulation And Some Suggestions https://www.forbes.com/sites/douggollan/2017/05/29/why-the-airline-industry-needs-more-regulation-and-some-suggestions/#63303795266b New York Times: Do Airlines Need to Be Re-Regulated? https://www.nytimes.com/roomfordebate/2016/05/25/do-airlines-need-to-be-re-regulated Related Links: US Department of Transportation: Fly Rights https://www.transportation.gov/airconsumer/fly-rights Oyez: Nader v. Allegheny Airlines, Inc. https://www.oyez.org/cases/1975/75-455
Views: 59286 The Federalist Society
regulation vs deregulation
Economics Professor and author Robert Higgs on C-SPAN giving his insight on regulation vs deregulation. I do not think it could be said any better.
Views: 3589 ToTehEastSide
Six Arguments Against Government Regulation
Government regulation is excessive, and often such regulations do more harm than good. Hey guys, Kristin Tate here with Capitalism.com to share with you six arguments against government regulation. A significant issue from this past election and elections before it has been deregulation. Some believe that our economy needs excessive, bureaucratic red tape, while others believe it to hold back the free market. Capitalism.com contributor and economics professor Tom Lehman explained why government regulation hurts business using six different arguments. Source: https://www.capitalism.com/six-arguments-government-regulations/
Views: 2902 Capitalism.com
What is deregulation? | Dejargoned
With Brent crude oil prices dropping from $115/barrel in June to $92/barrel last week, its been widely suggested that it's the perfect time to deregulate diesel prices. Deregulation is a reduction or elimination of government control a particular sector with the intend to ultimately allow more space for healthy competition among those sectors.
Views: 6392 Mint
Why Trump Wants to Make Banks Risky Again
Trump campaigned on deregulating Wall Street, saying that regulations are “killing our country and our jobs.” He wants to repeal Dodd-Frank, the 2010 law that tried to reign in the banks after the financial crisis. What exactly does Dodd-Frank do? And is the president right that it threatens the American economy?
Views: 21154 The Atlantic
Robert Reich: The Dangerous Myth of Deregulation
Robert Reich explains why the conservative myth of deregulation is another form of trickle-down economics. Watch More The Failure of Trickle-Down ►► https://youtu.be/cABuFmA3nhY
Views: 40341 Robert Reich
Regulating Monopolies: A History of Electricity Regulation - Learn Liberty
Prof. Lynne Kiesling discusses the history of regulating electricity monopolies in America. Conventionally, most people view regulation of monopoly, such as the Sherman Antitrust Act, as one of government's core responsibilities. Kiesling challenges this notion, and finds that government regulation of monopoly actually stifles innovation and hurts consumers. The American electricity industry was booming in the 1890s, with several small firms competing against one another. Over time, Kiesling argues that the fixed costs began to escalate, increasing the cost of entry into the industry. Put another way, large competitors gained a significant competitive edge over smaller competitors through economies of scale. Eventually, in places like New York and Chicago, Kiesling claims that the competitive process led to one large firm. These monopolies were feared by the public, and led to demands for government regulation. The electricity industry, knowing that regulation was coming, used these demands for regulation as cover to construct legal barriers to entry. Ultimately, the regulations passed by the government reduced competition by granting legal monopoly privileges to powerful firms within a certain geographical territory. In modern times, we are seeing the real cost of these old one-size-fits-all regulations: 1) People aren't adjusting their energy consumption behaviors. For instance, in peak hours, technological solutions that could smooth electricity consumption are being ignored. 2) The electricity industry doesn't evolve and account for new types of renewable energy. 3) Innovations have been discouraged. If these archaic regulations were removed, innovations and improvements beneficial to consumers would flourish. For more information, check us out here: http://lrnlbty.co/zcPIQr Watch more videos: http://lrnlbty.co/y5tTcY
Views: 51418 Learn Liberty
What is Deregulation?
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Deregulation” Cutting red tape. The process of removing legal or quasi-legal restrictions on the amount of competition, the sorts of business done, or the prices charged within a particular industry. During the last two decades of the 20th century, many governments committed to the free market pursued policies of liberalization based on substantial amounts of deregulation hand-in-hand with the privatization of industries owned by the state. The aim was to decrease the role of government in the economy and to increase competition. Even so, red tape is alive and well. In the united states, with some 60 federal agencies issuing more than 1,800 rules a year, in 1998 the code of federal regulations was more than 130,000 pages thick. However, not all regulation is necessarily bad. According to estimates by the American office of management and budget, the annual cost of these rules was $289 billion, but the annual benefits were $298 billion. By Barry Norman, Investors Trading Academy - ITA
Y2 30) Deregulation
Deregulation - An understanding of the theory behind deregulation and why governments look to deregulate industries. Exam technique included
Views: 39604 EconplusDal
Elizabeth Warren Explains The Effect That Deregulation Has Had On Our Financial System and Economy
From Dan Rather Reports (2009) "SOLD". Rising unemployment, weak home prices and an increasing foreclosure crisis, are threatening families, cities and the entire U.S. economy. We speak to Harvard law professor, and bankruptcy specialist, Elizabeth Warren, who has studied the economy and foreclosures and their dramatic, long term effect on the middle class of the United States. Also, what happens to all those houses that are repossessed by the banks? They are often auctioned off to the highest bidder. A huge home auction in Fort Myers, Florida takes place over three days while just a few miles away families line up at a food kitchen. Learn how the great recession has created a surprising and burgeoning problem in the wealthiest nation on earth -- hunger. In this exerpt, Warren talks about "Market Regulation".
Views: 9826 Marie Marr
Deregulation in the Transportation Industry and the Three Point Regulation in the NBA
Rule changes, metrics, and innovation drive meaningful change. This change can sometimes be over very long periods of time, like what we have seen with both deregulation in the transportation industry and the three point regulation in the NBA. In this video from SMC3’s Connections 2018 conference, John Wiehoff, CEO at C.H. Robinson, compares the two and speaks to the similarities.
Views: 421 C.H. Robinson
Deregulation Station - For-Profit Colleges & Trump’s Liberation of Corporations | The Daily Show
The Trump administration rolls back rules protecting students from for-profit colleges, and Ronny Chieng takes a trip to Deregulation Station. Subscribe to The Daily Show: https://www.youtube.com/channel/UCwWhs_6x42TyRM4Wstoq8HA/?sub_confirmation=1 Follow The Daily Show: Twitter: https://twitter.com/TheDailyShow Facebook: https://www.facebook.com/thedailyshow Instagram: https://www.instagram.com/thedailyshow Watch full episodes of The Daily Show for free: http://www.cc.com/shows/the-daily-show-with-trevor-noah/full-episodes Follow Comedy Central: Twitter: https://twitter.com/ComedyCentral Facebook: https://www.facebook.com/ComedyCentral Instagram: https://www.instagram.com/comedycentral About The Daily Show: Trevor Noah and The World's Fakest News Team tackle the biggest stories in news, politics and pop culture. The Daily Show with Trevor Noah airs weeknights at 11/10c on Comedy Central.
Energy Deregulation Simplified
This is a simple illustration explaining what energy deregulation is and how it works. It is intended to provide an educational framework to help you understand how energy deregulation introduces competition and creates a choice in choosing our electricity and natural gas providers. As states are deregulating, competition is being introduced and this creates savings for us as consumers. This short video explains how it works. This is brought to you by DiscountEnergyPlan.com - please visit us! Contact us at [email protected] for your free copy of "The 5 Key Factors in Selecting an Energy Provider". This is a must have summary that discusses important criteria when choosing an alternative provider.
Views: 109764 discountenergyplan
Regulation and Deregulation
Recorded with http://screencast-o-matic.com
Views: 177 Courtney Rhodes
Media Regulation: Crash Course Government and Politics #45
Today we wrap up our discussion of the media by talking about how the government interacts with and influences the content we see. Now it may be easy to assume that because we live in a free-market capitalist society, the only real regulation of the media is determined by the consumers, but this isn’t necessarily true. The government controls a number of factors including the potential for lawsuits, spectrum licensing, FCC fines, and has even tried to pass a bit of legislation. So we’ll talk about how all of these factors influence the media and end with a discussion of a pretty hotly debated topic these days - net neutrality. Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios Support is provided by Voqal: http://www.voqal.org All attributed images are licensed under Creative Commons by Attribution 4.0 https://creativecommons.org/licenses/... Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashC... Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 200702 CrashCourse
John Stossel - The Joys Of Deregulation
A look at what happens when the market is freed from regulation. http://www.LibertyPen.com
Views: 5873 LibertyPen
What is DEREGULATION? What does DEREGULATION mean? DEREGULATION meaning & explanation
What is DEREGULATION? What does DEREGULATION mean? DEREGULATION meaning - DEREGULATION definition - DEREGULATION explanation. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the undo repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. The stated rationale for deregulation is often that fewer and simpler regulations will lead to raised levels of competitiveness, therefore higher productivity, more efficiency and lower prices overall. Opposition to deregulation may usually involve apprehension regarding environmental pollution and environmental quality standards (such as the removal of regulations on hazardous materials), financial uncertainty, and constraining monopolies. Regulatory reform is a parallel development alongside deregulation. Regulatory reform refers to organized and ongoing programs to review regulations with a view to minimizing, simplifying, and making them more cost effective. Such efforts, given impetus by the Regulatory Flexibility Act of 1980, are embodied in the United States Office of Management and Budget's Office of Information and Regulatory Affairs, and the United Kingdom's Better Regulation Commission. Cost–benefit analysis is frequently used in such reviews. In addition, there have been regulatory innovations, usually suggested by economists, such as emissions trading. Deregulation can be distinguished from privatization, where privatization can be seen as taking state-owned service providers into the private sector.
Views: 396 The Audiopedia
Lecture - 8 Deregulation
Lecture Series on Power System Generation, Transmission and Distribution by Prof.D.P.Kothari, Centre for Energy Studies, IIT Delhi For more details visit http://nptel.iitm.ac.in
Views: 27149 nptelhrd
Electricity Deregulation Explained
This video explains how the Deregulation of Electricity works and how a consumer can take advantage of the Deregulated Market place. #usecllc #ezpowerapp #deregulation #mikhailskachko
Views: 10707 U.S.E.C. LLC
Role of the Govt Regulation and Deregulation
This video is about Role of the Govt Regulation and Deregulation
Views: 173 Jacilyn Ledford
Airline Deregulation: The Document That Transformed The Industry
This is a 10 minute documentary I created for National History Day 2013. The topic is on the Airline Deregulation Act of 1978.
Views: 25513 movieman695
The biggest federal regulations that have disappeared under Trump
President Trump's rollback of dozens of regulations throughout the federal government is a major part of his first-year legacy. Hundreds of others set to take effect have been frozen or withdrawn. Hari Sreenivasan talks with Eric Lipton of The New York Times about some of the biggest changes when it comes to energy and the environment, financial regulation and the Internet.
Views: 11646 PBS NewsHour
regulation and deregulation
-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 24 Anas Abdul
Y2 28) Competition Policy - Monopoly Regulation
Competition Policy - Monopoly Regulation. Crucial video covering monopoly regulation through competition policy. Privatisation: https://www.youtube.com/watch?v=9jvz6sSWzQA Deregulation: https://www.youtube.com/watch?v=3jeKA4V30kk&t=6s Trade Liberalisation: https://www.youtube.com/watch?v=aPJTi3gGOHs&t=13s Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 36331 EconplusDal
Deregulation vs Regulation Debate
New Project 2
Views: 398 ajzuberi
The Real Purpose Behind Deregulation
Via ROF Podcast: youtube.com/golefttv While the news media is covering Trump’s Twitter feed, Republican’s are quietly devising policy that will kill regulations that protect our environment, our safety and our health. Investigative journalist, David Dayen, joins Ring of Fire’s Sam Seder to discuss who’s getting rich off Paul Ryan’s deregulation efforts. This clip is from The Ring of Fire Podcast. Click to subscribe for more great content: http://ringoffire.fans.fm/ Download our FREE app: http://majorityapp.com SUPPORT the show by becoming a member: http://jointhemajorityreport.com and BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com LIKE us on Facebook: http://facebook.com/MajorityReport FOLLOW us on Twitter: http://twitter.com/MajorityFM SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE
What is Deregulation & Devaluation ? Urdu / Hindi
This Video Give The Basic Concept & Basic Logic's of What is Deregulation & Devaluation ? Urdu / Hindi ZPZ Education Channel Link: www.youtube.com/channel/UCwFzeQDf9cGm_ZeTXV_t5SA
Views: 909 ZPZ Education
Trump Is 'Destroying' Regulations
The president's first year of slowing down regulations shattered previous records. But will politics and legislative inaction stall things from here? ---- Subscribe to our YouTube channel: http://youtube.com/reasontv Like us on Facebook: https://www.facebook.com/Reason.Magaz... Follow us on Twitter: https://twitter.com/reason Subscribe to our podcast at iTunes: https://goo.gl/az3a7a Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. ----- With his tariffs on aluminum and steel, family-separating crackdowns on nonviolent illegal immigrants, and authoritarian musings about executing drug dealers, President Donald Trump can be a libertarian's nightmare. Except when it comes to regulatory reform. The Competitive Enterprise Institute (CEI), a Washington, D.C.-based free market think tank that focuses on the administrative state, tallied up the number of regulations in Trump's first year in office and found, "This is the lowest count since records began being kept in the mid-1970s." CEI Vice President for Policy Clyde Wayne Crews told Reason that, "I haven't seen personally anything like the regulatory reductions that have taken place." What's producing these results? In part, the president's early executive orders mandating that with every new regulation two old ones get killed, and that the net imposed regulatory cost of each agency and department be zero. Trump has also appointed some real reformers to change the way the executive branch does business: Scott Gottlieb at the Food and Drug Administration (FDA), Ajit Pai at the Federal Communications Commission, Betsy DeVos at the Department of Education, and Rick Perry at the Department of Energy. Chief among the anti-bureaucratic bureaucrats is Neomi Rao, administrator of the obscure-sounding but important Office for Regulatory Affairs (OIRA), which applies cost-benefit analyses to proposed regulation while making sure it still aligns with legislative intent. Rao, who came to the administration after founding the Center for the Study of the Administrative State at George Mason University's Antonin Scalia Law School, tells Reason that, "We have done more in our first year than any president since we've been keeping records, which is back to Reagan." President Trump appears genuinely enthusiastic about this push, talking up FDA reforms in both of his State of the Union addresses, and crowing at a December red-tape-cutting ceremony that, "The never-ending growth of red tape in America has come to a sudden screeching and beautiful halt." But Crews warns that a midterm will be much harder for Trump to navigate than the comparative honeymoon of 2017. "I think in 2018, he's going to have a much tougher time meeting the goal," Crews said. "When you're acting alone as president and you can't make law on your own, the barrier that you run into is you run out of low-hanging fruit." Produced by Matt Welch and Alexis Garcia. Camera by Todd Krainin, Ian Keyser, Mark McDaniel, and Jim Epstein. "Headway, Machinery, Run, Scenery, and Soli" by Kai Engel is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://freemusicarchive.org/music/Kai_Engel/ Artist: http://freemusicarchive.org/music/Kai_Engel/ Photo Credits: Kevin Lamarque/REUTERS/Newscom - Pool/ABACA/Newscom - Olivier Douliery/Pool via CNP/Newscom - Richard Ellis/ZUMA Press/Newscom - Everett Collection/Newscom - Erik McGregor/Sipa USA/Newscom - Michael Reynolds/UPI/Newscom - Aaron P. Bernstein/REUTERS/Newscom - Ron Sachs/CNP/MEGA/Newscom - Homeland Security Governmental Affairs Committee - John Angelillo/UPI/Newscom - Britta Pederson/picture-alliance/Newscom - Carlos Barria/REUTERS/Newscom - Mike Segar/REUTERS/Newscom - Olivier Douliery/CNP/AdMedia/Newscom
Views: 76167 ReasonTV
Regulation and Deregulation flip video
Views: 204 Tim Griffin
2013 FMRS in Belgrade: Panel 2 - Deregulation vs Regulation
2013 Free Market Road Show in Belgrade, Serbia. Panel 2 - Deregulation vs Regulation: What brings an economy back on track? Chair: Pavle Mihajlovic (Blogger at Club von Neumannblog and economic analyist at Libek and the Political Accountability Network) Panelists: Keynote: Ben Powell (Director of the Free Market Institute at Texas Tech University and Visiting Professor in the Rawls College of Business) Panelists: Terry Anker (CEO, The Anker Consulting Group) Dušan Miljević (Global Book Publishing Company) More details on the 2013 Free Market Road Show event in Belgrade can be found here: http://www.austriancenter.com/fmrs2013/cities/belgrade/ Video recording sponsored by: Global Book ( http://www.globalbook.rs/ ) Production: Sloboda i Prosperitet TV ( http://www.slobodaiprosperitet.tv/en )
Regulate Vs Deregulation...?
V.P Debate
Views: 154 StephanQuack
Fighting The De-Regulation Bill [1080p]
Season 3 Episode 11 "Pursuit of Peace"
Views: 150736 Voca Productions
What Trump means for bank regulation | Companies
► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs From the FT Banking Summit in London, banking industry executives discuss how Donald Trump’s presidency could affect banking regulation in the US and around the world. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 2039 Financial Times
Global financial markets and regulatory change | Christoph Ohler | TEDxFSUJena
Crises trigger the adaptation processes. Crises are motherof reforms. Christoph Ohler tours us through the Financial crisis (2007- 2009) and debt crisis (2010 – 2013) and details the best way to balance public and private interests. Christoph Ohler graduated in law from the University of Bayreuth and the College of Europe in Bruges. His PhD in European law he received at the University of Bayreuth. After working as an associate in an international law firm in Frankfurt/Main he became a research assistant at the Universities of Passau, Bayreuth and Munich. Since 2006 he holds a chair in public law, European law, public international law and international economic law at the Friedrich-Schiller University of Jena. From 2008 to 2014 he was the spokesperson of the interdisciplinary graduate program „Global Financial Markets“. He publishes extensively on German and European constitutional law and the regulation of financial markets in international and European law. „Banking Supervision and Monetary Policy in EMU” is his most recent book. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 5319 TEDx Talks
Y1/IB 30) Regulation and Market Failure
Y1/IB 30) Regulation and Market Failure. Everything you need to know about Regulation and Market Failure Instagram: https://www.instagram.com/econplusdal Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 12849 EconplusDal
TGE (10/18): Regulation or deregulation needed in financial environment?
Meet-up held in Zug / Switzerland on June 19, 2017, on US and Swiss perspectives on Token Generating Events (TGE); hosted by Crypto Valley Association, MME Legal | Tax | Compliance, Debevoise & Plimpton and Blockhaus; moderated by Andreas Glarner (MME). In Part 10, Luka Müller (MME) and Lee Schneider (Debevoise & Plimpton) explain whether regulation or deregulation is needed in financial environment.
Views: 378 MME Switzerland
Milton Friedman - Government Regulation
MIlton Friedman discusses the damage done to life and liberty by government regulation. The FDA is his prime example. http://www.LibertyPen.com
Views: 57625 LibertyPen
When Democrats Loved Deregulation
Left-leaning politicians of the 1970s understood that red tape punishes consumers and protects big business. The leading deregulator of that era was none other than Jimmy Carter. ———————— Subscribe to our YouTube channel: http://youtube.com/reasontv Like us on Facebook: https://www.facebook.com/Reason.Magaz... Follow us on Twitter: https://twitter.com/reason Subscribe to our podcast at iTunes: https://goo.gl/az3a7a Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. ———————— When President Donald Trump bragged in his first State of the Union address about cutting red tape, the Democratic response was no surprise. "Deregulation," warned Center for American Progress Senior Advisor Sam Berger in Fortune, "is simply a code word for letting big businesses cut corners at everyone else's expense." But many leading Democrats had the opposite view in the 1970s. Then, at the dawn of the deregulation era, left-leaning politicians and economists understood that excessive government management of industry let the big-business incumbents get away with lousy performance at the expense of competitors, taxpayers, and consumers. The leading figure in that fight to cut red tape and shut down entire federal agencies was none other than Jimmy Carter. It was Sen. Ted Kennedy who held extensive Senate hearings in the early '70s, with testimony from the likes of Ralph Nader and liberal economist Alfred Kahn, about the benefits of lifting state controls on the airline industry. The resulting Airline Deregulation Act of 1978, signed by Carter, killed the Civil Aeronautics Board—a federal agency that decided which airlines could fly where, and even what they could charge. The new competition to the old airline cartel reduced fares, expanded destinations, increased safety, and made air travel an option for those of us who aren't rich. Carter also lifted stifling government oversight of the rail and trucking industries under a Democrat-controlled House and Senate. The result? Competition intensified, prices dropped, and consumers saved more money on everyday products. In 1978, President Carter signed a bill that lifted Prohibition-era criminal restrictions on home brewing. The legalization of do-it-yourself beer production unleashed a boom of experimentation, paving the way for the craft beer revolution that is ongoing to this day. The year that Carter loosened the rules, the U.S. was home to a mere 50 breweries. Today there are well over 5,000. In two generations of beermaking, America went from global laughingstock to world leader. The governor of California during Carter's presidency was none other than Jerry Brown, then known as "Governor Moonbeam" for his far-out musings, glittery social life, and lefty politics. Yet Brown, too, could be a fiery skeptic of government. In his terrific second inaugural address in 1979, Brown stated that "many regulations primarily protect the past, prop up privilege or prevent sensible economic choices." But even while some sectors were unleashed four decades ago by far-seeing Democrats and Republicans alike, too many governments at the local, state, and federal levels have forgotten those lessons, and instead imposed entirely new categories of regulations. Occupational licensing, which applied to about one in 10 jobs 40 years ago, now impacts one in three. So how did the party of Jimmy Carter and sideburns-era Jerry Brown become the ideological home of Elizabeth Warren and Alexandria Ocasio-Cortez? One explanation may be that Democratic support for deregulation back then was born out of a sense of nearly hopeless desperation in the face of stagflation. Cutting red tape to foster dynamism was about the last move politicians had left. Our long economic expansion and stock-market boom will soon come to an end, imposing limits on government precisely at the moment when it's asked to do more. When that day of reckoning comes, the best questions for lawmakers of both parties to ask may just be: What would Jimmy Carter do? Photo credits: Jimmy Carter Library, Arthur Grace/ZUMA Press/Newscom, Dennis Brack/Newscom, Everett Collection/Newscom, Ron Sachs/CNP/MEGA/Newscom, Brian F. Alpert/ZUMA Press/Newscom, Paul Harris/Pacific Coast Nes/Newscom, Bee Staff Photo/ZUMA Press/Newscom, Dennis Brack/bb51/Newscom, Jonathan Bachman/REUTERS/Newscom, Rick Friedman/Polaris/Newscom
Views: 20293 ReasonTV
Milton Friedman - Regulation In A Free Society
Professor Friedman explains the proper role of regulation in a free market. http://www.LibertyPen
Views: 34457 LibertyPen

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