Tuesday, January 25, 2011

Obscure Poor Richard proverb of the day 

Ben Franklin even had something to say about the impact of regulatory uncertainty on economic growth:

Where there’s no Law, there’s no Bread.

Certain truths have been self-evident for a long time.


By Anonymous Dan Dravot, at Tue Jan 25, 11:55:00 AM:

Progressive interpretation: More laws, more bread!  

By Anonymous Anonymous, at Tue Jan 25, 05:38:00 PM:

The 1099 requirement is still out there, and it will, by itself, reduce economic activity. Congressional Democrats are insane to have pushed ObamaCare for this reason alone, notwithstanding all it's regulatory uncertainty and attendant bureaucracy.  

By Anonymous Jim Miller, at Wed Jan 26, 10:48:00 AM:

There's a fine discussion of the problem in Federalist 62.  

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