Dow Could Be Above 25,000 Without Government Regulation

By Michael Carr – Re-Blogged From http://www.newsmax.com

A recent study concluded that the growth of regulation between 1977 and 2012 reduced economic growth by about 0.8 percent a year. Without all of those new regulations, GDP would be about $4 trillion higher.

This may seem like an abstraction but individuals suffer when economic growth fails to meet its potential. With $4 trillion in economic growth, there would be more jobs and jobs would pay better. As study by the Mercatus Center at George Mason University found, regulations could be shaving as much as $13,000 from each worker, on average.

Skeptics need to realize many manufacturers wouldn’t relocate if regulations didn’t increase the cost of doing business. There would be more jobs and better paying jobs without onerous regulation.

Continue reading

Banana Republic USA?

By Nicholas Wishek – Re-Bloggd From Eagle Rising

In case you haven’t noticed, the United States is in a real and rapidly increasing danger of becoming a banana republic. That certainly is the apparent goal of this administration and the Democrat Party. The Republicans’ establishment seems content to go along as long as they are included in the ruling class. Putting aside the obvious, that the U.S. economy doesn’t rely on a single crop, Wikipedia’s definition of what defines a banana republic is as follows. “It typically has stratified social classes, including a large, impoverished working class and a ruling plutocracy of business, political, and military elites. This politico-economic oligarchy controls the primary-sector productions to exploit the country’s economy.”

Continue reading