Matt Yglesias (HT Marginal Revolution) writes well of the risk facing America in the period of the regulatory state. Those that support the regime shall receive beneficial treatment from regulators, and the ones who oppose you won’t. Because businesses do business with one another, the network becomes self-reinforcing. Regime-friendly banks get a light regulatory touch, while their competitors are crushed.
In exchange, they offer friendly lending terms to regime-friendly businesses while choking capital to rivals. Such a system, in place once, is incredibly difficult to dislodge exactly because, unlike a fascist or communist regime, it is glued by no ideology beyond basic individual greed collectively, insecurity, and love of family. He’s discussing the Trump administration.
- 1974-Mall extended to next door Southridge Mall
- MS Access, Excel, basic regression
- After the feast comes the reckoning
- April 10, 2019
- RM200 million for MARA Graduate Employability Training Scheme or GETS
- Financial Consultancy Firm
- Consultants (#4)
- MSDYN365BC – Why Customer and Developer Should Choose AL over C/AL
Matt, where are you these last 8 years? Well, better late then ever, but wow those partisan glasses make the mirror hard to see. I would add that is how fascist and communist regimes work in reality exactly. Update 2. A little less snarky. Still, the risk is real. Will Republicans, in power now, say thank you very much, grab the pen and phone, and do unto D like D do unto R?
Or will they be the ones to undo tit-for-tat, shove-it-down-their-throats plan, and reestablish professional restraint at least by custom if not by statute? That will take losing or delaying some plan fights, and foregoing the delicious irony of revenge. President elect Trump did threaten to use the IRS against political enemies.
Let us hope that like much else was marketing campaign rhetoric. Will the repeal and replace Obamacare happen strictly along party lines in 100 days — and then be overturned itself by President Warren or Chelsea Clinton? Or will they make an effort and work to get a significant Democratic buy in?
That all days gone by CAT papers are in the public domain…available to practically all the CAT aspirants? Did they believe students finding your way through the cat would not have access to these questions? I am amazed at their ignorance. One of my friends commented that the CAT demo got 4 options because they could pick up old CAT questions…most of which had 4 choices (the ones post 2005 experienced 5 choices). I dismissed it as wishful thinking.