In alt.engineering.electrical krw wrote: | In article , phil-news- | snipped-for-privacy@ipal.net says... |> In alt.engineering.electrical HeyBub wrote: |> | snipped-for-privacy@ipal.net wrote: |> |>
|> |> I do like the idea of taxing the incandescent bulbs. But I also like |> |> the idea of taxing cheap imports. |> |>
|> | |> | Then there are those who are opposed to using tax laws to promote public |> | policy. Taxes distort the marketplace. |> |> And I am not one of those. The marketplace needs to be distorted in a few |> places. The market for subprime mortgage origination comes to mind as my |> first place, if you need an example. | | The market for subprime mortgages is being distorted by a bailout | (and FannieMay). Without a bailout there would be no distortion. | Let 'em sink.
Totally unregulated markets are known to have ups and downs that can sometimes get way out of whack. The bailout is to avoid a sinking that would just make it go even further out of whack, or take other markets down with it.
The regulation I would focus on is to have avoided the whole mess in the first place, and provide for a stable growth. The MINIMUM regulation to achieve that would be my goal.
The stupid businesses _should_ sink. But when it's a case of the sinking ship taking other things down with it, that needs to be avoided.
|> | As for taxing imports, this silliness was settled in the 18th Century in |> | Adam Smith's "The Wealth of Nations." Smith proved that everybody benefits |> | when nations do what they do best and freely trade with other nations who |> | also do what they do best. |> |> As long as all nations are on a level playing field, this would be so. But |> it is a fact that most nations outside the USA have governments playing a |> hand in the economies. | | It's impossible for a government to *not* have a hand in economics | and silly to think they should (not).
How the governments in places like China are managing their economy compared to the USA is a big contrast. It puts the USA in a weak position.