Posted tagged ‘regulation’

State Budget Deficits vs 2008 Election Results

February 1, 2009

A couple of interesting maps when you compare them side by side:

With very few exceptions, it seems the states with lower budget deficits (or none at all) are traditionally “red states”. Maybe the ideas of lower taxes, less regulation and free market economy aren’t so bad after all, hmmm?

Most conservatives will probably agree the Republican Party has gone astray, at least to some degree, over the last couple of decades but when it comes to fiscal responsibility they are still doing much better than the Democrats (at least on a state level).

You can view the larger, interactive versions of these maps at the following links:

Where Does Your State Rank? from CNNMoney (click the “State Budget Deficit” tab above the map).

2008 Election Map from NPR

Ron Paul – House Financial Services Committee Hearing 1/5/09

January 5, 2009

Ron Paul at today’s House Financial Services Committee “unofficial” hearing concerning the Madoff fraud and financial markets regulation.

Congressman Paul talks about the moral hazard of over-regulation and the irrelevance of the SEC.  He also touches the 3rd rail of politics – correctly naming Social Security as the biggest Ponzi scheme of all.

UPDATE: SEC Said to Examine More Ponzi Schemes After Madoff

G8 to Regulate the Internet?

December 5, 2008

02italy_spanBerlusconi plans to use G8 presidency to ‘regulate the internet’

Italian president and media baron Silvio Berlusconi said today that he would use his country’s imminent presidency of the G8 group to push for an international agreement to “regulate the internet”.

Speaking to Italian postal workers, Reuters reports Berlusconi said: “The G8 has as its task the regulation of financial markets… I think the next G8 can bring to the table a proposal for a regulation of the internet.”

Italy’s G8 presidency begins on January 1. The role is taken by each of the group’s members in rotation. The holder country is responsible for organising and hosting the G8’s meetings and setting the agenda. Italy’s last G8 presidency in 2001, also under Berlusconi, was marred by riots at the annual meeting in Genoa.

Berlusconi didn’t explain what he meant by “regulate the internet”, but the mere mention of it has prompted dismay among Italian commentators. Berlusconi owns swathes of the Italian mass media.

Continue reading…

The “wild west” days of the internet may be drawing to a close. And the world will be poorer for it.