driftwood2

Will Regulation Hobble Capitalism?

Having been in various industries I can tell you that regulations have a very significant cost. However, regulation in the financial industry is entirely warranted in my opinion because history has shown the tremendous cost of not doing so. Also, it really seems to me that 80% of the "innovation" in the financial industry is actually new ways to swindle people or print money rather than anything that actually produces anything of real value. Preventing most of the "innovation" in the financial industry will only increase GDP.

First Signs of Recovery Will Be in Housing

The trade balance with China is significant problem. Everyone knows that China manipulates their currency but what many forget is that this is only made possible because of the continual issuance of large amounts of treasuries by a US government that cannot control its spending. Eliminate the deficit and you will eliminate the primary means that other countries use to manipulate dollar exchange rates.