Reform In Minnesota?

[JSmith43]

I'm a blogger, and would like to write about the need for legislative reform here on the semi-frozen tundra

Tommy, I wish you well with your story.

However, I believe the real story is that added layers of regulation will look tough to the populous, but fail in the long term, economically. For an extreme example, google for a nighttime satellite view of North and South Korea. South Korea is the one with the lights on.

Due diligence with a vengeance comes from investors that lost money in the past. What tends to make the investors more reckless is so called government protection, government mitigation of risk, etc. They let their guard down & then we find out government really isn't very efficient at due diligence since there is too much due process and other bureaucratic overhead. Efficiency derived from the invisible hand of market discipline is real and should be encouraged, not blunted. The biggest thing Government brings to the table are it's deep pockets, and them deep pockets are the pockets of our children's children at this point

Besides, how the heck are we going to regulate the Bank of Scotland? They put their money down and took their chances. Maybe we should socialize their risk and give them TARP funds? Why not just cut to the chase and offer direct foreign aid?

A dose of tort reform would be helpful. Businesses suing other businesses or the threat thereof offers some of the greatest protection and economic benefit to our society. Centralized economic control is not fleet afoot and at best, average. The above average, no, the stellar performers in our economy are the locomotive engines that help pull us to prosperity.

Every time we add a redundant layer of government regulation for populist points, we turn some of those powerful entrepreneurial engines into Yugo engines.