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Washington and Wall Street are Broken; Here's Proof

Cynical Mike Wrote: Aug 18, 2012 10:37 AM
What's needed is a "Committee of Unintended Consequences", consisting of non-Government experts of all political persuasions, who review all legislation before it's submitted for a vote and issue a public analysis of each bill. They might even make it like jury duty - the experts are drawn from a list and serve a limited term for a nominal fee. I would also love to see a similar panel reviewing current laws, starting with those that have the highest compliance costs.
inkling_revival Wrote: Aug 18, 2012 10:55 AM
You are HILARIOUS!!!

Oh, wait... that's not a satire?

Son, unintended consequences happen because people can't foresee all the effects of the things they do. The economy is too complex for the human brain to predict and understand. The error of the Left is that they don't believe that; they think they are smart enough to predict all effects, and that by being more careful, we'll be able to correctly control everything THIS time.

Of course, we have incorrectly predicted the impact of every act since time immemorial, and repeating for the millionth time expecting a different result this time is insane. But do go ahead. Next, you'll be proposing a Committee to Oversee the Committee of Unintended Consequences...
Stuart95 Wrote: Aug 18, 2012 10:47 AM
C'mon, Mike, we live in a political age in which you must pass a law before you can know what's in it. Even President Obama, the smartest, most powerful man in the history of the world, was not able to follow through on his campaign promise of putting bills on the Internet at least 15 minutes before they are voted into law.

Until term limits reduce the incentive to create laws for every conceivable slight to society, real or imagined, we're going to continue to have law after law passed that harm the productive part of society and reward the unproductive part of society. Doesn't take a rocket scientist to figure out that's a bad idea in an increasingly competitive wold.

Ask any entrepreneur you know and they’ll tell you that raising money is the hardest thing they have ever done. 

Sure there is a ton of money out in the world. That’s why prices for dot coms went way up. And despite the subsequent bust, it didn’t stop money from moving into real estate. And when real estate busted, it hasn’t stopped money from moving into metals, oil and other commodities with astonishing rapidity.

Despite a sluggish economy in the U.S. in the last decade, world GDP had roughly doubled in that time from $32 trillion in 2000 to $63...

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