Photo of the Day: Field of Government Agencies
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, July 01, 2012
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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9 Comments:
Exactly right.
+1
Where's OSHA? -g-
even vampires can only come in if you invite them.
what does this make government agencies? some sort of uber-undead?
I'm sure you've seen enough government drones in your life to know exactly what they are, Morganovich. Otherwise, you wouldn't have bought that expensive escape option :)
We're forgetting someone here -
The local planning boards, along with the state DEP and all sorts of special boards and commissions (some NJ examples - the Hackensack Meadowlands, the Pinelands, and Highlands Commissions), and of course the lovely residential neighbors who will claim all sorts of "rights" to your property (fresh air, view, sunlight, "our kids play in those woods, etc) will do their damndest to prevent you from building anything in the first place.
By comparison, some of those zombies coming out of the cornfield will look downright reasonable.
expensive?
it would pay for itself in well under a year.
Well, that's very true. The higher the probability that you leave and the higher the income protected, the cheaper the option.
even vampires can only come in if you invite them.
what does this make government agencies? some sort of uber-undead?
Sadly, many of the current agencies were invited by the private sector. The Interstate Commerce Commission was created when failing railways found that they could not compete and asked for government to step in and hamper their competitors. It took a hundred years to finally kill it but the ICC's functions are still performed by another government agency. The Federal Radio Commission was created to stifle competition. Many of the broadcasters even opposed expanding the broadcast radio band.
If we want competition government has to stop meddling in the market place and stop putting up barriers to new competitors.
"If we want competition government has to stop meddling in the market place and stop putting up barriers to new competitors."
And that requires that the power of government to meddle be reduced, because as long as it exists, it will be sought by those who benefit from stifling competition.
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