Tuesday, May 16, 2006

The Aftermath Still Haunts UsToday.

The aftermath, that is, of the New Deal. I had to do some research on it for an economics project; here's what's left of the New Deal and how it's hurting you.

The Tennessee Valley Authority: Its dams produce 20% less power than comparable private dams, and its electricity is more expensive than privately provided electricity.

The Securities and Exchange Commission: Every company traded on Wall Street must file hundreds of pages of crap for these bureaucrats every year, and the costs of that get passed on to us.

The Social Security Administration: Ponzi scheme which is now paying out more than it is paying in. Disaster in the making.

Federal control over labor: Price floor on labor (minimum wage) guarantees unemployment. Union-encouraging laws are helping, for example, the UAW unionize themselves out of jobs while destroying General Motors.


Anonymous Anonymous said...

As far as the tVA, could it be related to the age of those dams? I don't know for sure, but is there a whole lot of things going on there beside producing electricity
As far as Social Security is concerned it may be a Ponzi scheme today but that was not necessarily always so, try to tell me how much of a pool of money would be there if the politicians had kept their hands off the money and if it were actually only used for Social Security Retirement.

7:52 AM  
Blogger Nigel Watt said...

Either way, it's not right for the state to be "managing" people's money.

4:30 PM  

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