Tag: Regulations
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If you truly believe in small government how can you not support Vivek Ramaswamy
I’ve been consuming everything I can on Vivek Ramaswamy because I’m naturally skeptical. This is especially true with a guy from Harvard and Yale that seemingly came out of nowhere. Today he reiterated how he plans to dramatically reduce the size and scope of the Executive Branch of the United States. The administrative state has…
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Companies save 40% on labor costs by outsourcing overseas
This isn’t news. When will people in the United States realize the multitudinous layers of government and government regulations hinder American businesses ability to hire American employees. The question is rhetorical. The idea came to Johnny Taylor Jr. early last year, after one of his employees made a case that her technology position could be done…
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Government regulation of banks resulted in larger disasters
Since the creation of the modern banking regulatory apparatus the losses, as a percentage of GDP, have grown from 1% in 1913 to 7% in 2009. The safer the government tried to make banking the greater the risks people and businesses took. This resulted in larger failures and losses. “It is scarcely to be expected…that…
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Safeguard your wallet… President Biden says the banking system is safe.
I would feel better if he would have never given a speech. In hindsight the collapse of SVB is simple. They were under water in government treasuries. When the Fed raised interest rates the bonds they held became worth less than the amount they could sell them. They didn’t have the liquidity to handle the…
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NOTAMs are now more inclusive!
The FAA had to ground all domestic flights this morning because of an outage in the NOTAM system. While a big deal, every system, especially old ones like NOTAM, should be expected to go down every once in a Blue Moon. What’s news to me is their was a change to the acronym. NOTAM used…
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Wells Fargo breaks the law again and no one goes to prison
Years ago Wells Fargo settled with the SEC to the tune of $3 billion dollars stemming from a scandal where for nearly 18 years the bank opened fake accounts in customer’s names. The Justice Department did not send anyone to jail for that. As part of the settlement, Wells Fargo admitted that it “unlawfully misused…