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From: franka@mmintl.UUCP (Frank Adams)
Newsgroups: net.politics.theory
Subject: Re: Re: Strange Bedfellows: and a new to
Message-ID: <852@mmintl.UUCP>
Date: Sat, 7-Dec-85 19:09:57 EST
Article-I.D.: mmintl.852
Posted: Sat Dec  7 19:09:57 1985
Date-Received: Fri, 13-Dec-85 06:28:23 EST
References: <579@calgary.UUCP> <28200343@inmet.UUCP>
Reply-To: franka@mmintl.UUCP (Frank Adams)
Organization: Multimate International, E. Hartford, CT
Lines: 26

In article <28200343@inmet.UUCP> janw@inmet.UUCP writes:
>Why not also consider deregulations actually made in the  past  -
>did any of them fail ? Not the ones I remember off-hand: Prohibi-
>tion, Corn Laws, NEP in USSR. The French  Revolution  swept  away
>*oodles* of regulations (added a few, too, like bread price ceil-
>ings).  This might be a good challenge for statists. And if  they
>come up with a good one, the ball will be in the other court.

I'm not sure I can come up with any.  I would support the proposition
that the government should regulate less than it does now; governments
are rather conservative about deregulating, and rarely do so unless
they are fairly certain of success.

On the other hand, I can give examples where regulation has been
successful.  The U.S. securities industry is perhaps the best example.
This regulation should in fact be extended: to dealers in gems,
precious metals, and similar investments.  A lot of innocent people
have lost a lot of money in scams in these areas recently.

(I don't want to see any flames about how such things would be for-
bidden in Libertaria; we are talking pragmatics here.  They are illegal
*now*, but this hasn't prevented them.  Regulation of the securities
industry *has* greatly reduced this kind of fraud in that area.)

Frank Adams                           ihpn4!philabs!pwa-b!mmintl!franka
Multimate International    52 Oakland Ave North    E. Hartford, CT 06108