isadore;1185014 wrote:Gosh a ruddies. Anti trust laws hurt small business more than they regulate big businesses?
Of course not. Don't be silly. I assume you recognize that I didn't say every iota of regulation is crippling to a small business.
isadore;1185014 wrote:FTC rules hurt small business, more than they regulate big business.
Actually, while I know you meant this to be tongue-in-cheek, it's more or less true.
When additional regulations by the FTC are placed on a particular industry, it more often than not affects the ability for the company to profit at the same rate. Not preferable, but survivable for large companies. However, small companies that are usually working with less in net can be affected beyond recovery.
Moreover, big business and small businesses share another element in many industries, and that is the need for outside vendors (who obviously enforce any new FTC mandate, not to their detriment).
A large business can leverage their large account in order to get deals or discounted rates that can help them recover the potential loss in net revenue as a result of new regulation. Small businesses don’t have that luxury, and are mostly forced to either lay off workers, shrink their growth potential, or go under altogether.
So while you might not realize it, yes, FTC regulations can cripple a small business much faster than a big one. As such, they are more detrimental to the small business than the large one.
isadore;1185014 wrote:Glass Steagall hurt small banks more than it regulated big financial institutions.
I wouldn’t know, honestly, but it doesn’t matter, since this administration seems perfectly content to bail out the big banks when they do have trouble on their own.
isadore;1185014 wrote:From the Progressive Era on we have had regulation on the market and still had a largely market economy. During the 1920s we returned to a more nearly market economy and we got the Great Depression.
Hardly, with the creation of the Federal Reserve in 1913, we saw a temporary excess of a credit-created money supply, creating a bubble in the 1920s. The 1920s, and the subsequent depression, were a classic example of a boom-bust cycle, created by a currency able to be freely created "ex nihilo."
isadore;1185014 wrote:Then the New Deal and increased regulation of the economy we get overall growth for seven decades.
Growth of what? Debt. That would be correct. If I get a credit card, take out $1,000,000 against it, and spend that million over 20 years, does that make me financially prosperous or stable? Of course not. To suggest that the New Deal perpetuated a successful economy is to cover your eyes and ears and just pretend that the debt crisis we're in now never happened. And behind all the odd rhetoric, I know you're smarter than to do that.
isadore;1185014 wrote:Then the charge to deregulation and we get the Great Recession thank you.
A charge that was never actualized, so I'm not sure how you think it caused anything. GWB gave lip service to it, but he was just as bad as Obama, at least for our economy. His spending was out of control.
Not a single administration dating back for several decades has spent less than its predecessor, causing this now-critical debt weight. Again, you'd have to intentionally try to not see it in order to avoid recognizing it as the problem.
isadore;1185014 wrote:I know you find the minimum wage, workmen’s compensation and unemployment benefits chaining your economic freedom.
Not just mine. That's the thing. My two guys work their butts off, and STILL not everything gets done. It's chaining on their ability to develop specialties and grow their own elements of the business ... the ones that best suit their skills, and that could turn into long, lucrative careers.
That's the thing. If they're good at what they do, I not only want to pay them more, I HAVE to pay them more to keep them working for me, instead of my competitor. But since I can't take the burden of the mundane, day-to-day activities off their plates, I'm not sure how this will all pan out.
isadore;1185014 wrote: But treating working people decently seems a good idea to me.
If an 18-year-old home for the summer, and he thinks $5 an hour is being paid decently for a summer job ... and I am willing to pay it ... why is it that both he and I should be told, "No?" Why should the government mandate that if his choices are either below minimum wage or not working at all, he should be forced to choose 'not working at all'?
Gosh a ruddies. It's a mystery.