tag:blogger.com,1999:blog-9149446.post7524038989278332681..comments2023-10-10T10:34:10.843-06:00Comments on The Nexus of Assholery: The Dilemma of Public Risk, Public RewardPatrick Rosshttp://www.blogger.com/profile/04592482865332628189noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9149446.post-63210033535025424292009-03-30T15:54:00.000-06:002009-03-30T15:54:00.000-06:00The demand for complete deregulation is an ideolog...The demand for complete deregulation is an ideological dead end. There's no question about that.<BR/><BR/>What we need is an optimal level of regulation that falls far short of the planned economy, but still ensures that a financial crisis like this cannot reoccur.Patrick Rosshttps://www.blogger.com/profile/04592482865332628189noreply@blogger.comtag:blogger.com,1999:blog-9149446.post-23760079335544367692009-03-30T15:17:00.000-06:002009-03-30T15:17:00.000-06:00Very insightful post, Patrick. While I don't want ...Very insightful post, Patrick. <BR/><BR/>While I don't want to seem like a socialist here, it drives me crazy when so many of our conservative columinsts, business leaders and intellectuals call for more corporate tax cuts and deregulation, of letting the market look after itself, and telling the government to get off their backs...only to come back and say that the government should be bailing them out with taxpayers' money-money that was significantly depleted with all the tax cuts they called for. <BR/><BR/>In short, they expect to be left alone except when things start to go wrong, then they come back and ask for help. <BR/><BR/>In some ways, it seems like markets and the private sector can do no wrong, but the government can do no right. If the government doesn't deregulate and cut taxes the way the private sector wants, it's construed as socialist and anti-business. But at the same time, if it doesn't do something to help when times go bad, it's accused of standing idly by...when the mantra has always seemed to be that the market should work these issues out for itself. <BR/><BR/>By the same token, when the economy is firing on all cylinders and everything is going well, then private enterprise takes the credit. But when things start to go bad, as they currently have now, they rarely seem to accept any part of the blame.Jared Milnehttps://www.blogger.com/profile/07553795678274087372noreply@blogger.com