| | Jay:
Let's try working this one backwards.
urQ "Since I've said probably more than a dozen times now that I never said all regulations are bad."
But you do have a very restrictive and and selective view of regulations, which I do not find consistent.
So you're saying I'm being inconsistent because I am too discriminating when it comes to accepting something as a good regulation? I don't see how that qualifies as being inconsistent. If my standards for restricting something changed over time, then yes that would be inconsistent, but I never did that. The problem with you is that you have provided NO standards for discriminating between good or bad regulations.
Your interpretations are quite restrictive also. Interpretations you accept for one form of regulation, you reject for another.
Of course they are restrictive because I've provided for you an objective standard. If they were unrestrictive, there would no longer be any standards for which to judge what is a good or bad regulation. Since you agree there are good and bad regulations, you should provide a standard from which to judge otherwise you have no idea what is or isn't a good regulation. You have only professed you have an objective standard, but you never articulated what that is exactly.
urQ "Regulations that restrict the kind of behavior that can risk another person's life and property are acceptable because no one has a right to endanger another person's life and property against their will."
Stupid economic errors - errors that we can recognize from experience to be harmful - may only hurt one or two parties when it is a one to one relationship. However, economies are many to many. Many people making the same stupid mistake not only CAN hurt many others who know and behave better, but WILL hurt many others. That is the concrete reality of it.
It can only hurt if those economic errors were done so through a coercive economic system. Today, when someone defaults on a loan, it hurts me because I am forced to pay taxes to bail someone out for his stupid mistakes that I had nothing to do with. Today, the currency and banking system is under one federalized umbrella of regulation. I can't escape it. Today, the government encourages people to make stupid mistakes, (a product of coercion) to which efforts to try to fix those mistakes means more of my money is taxed to fix someone else's behavior that should have never effected me in the first place had we lived in a laissez-faire Capitalist system.
Since you are not an economist or have any formal training in that discipline, I wonder how you presumptuously come to the conclusion stupid economic errors in a voluntary economic system would effect someone like me that had nothing to do with those decisions? Because today, the only observations I make (and I am an Economist) where I'm affected by someone else's stupid economic decision is only due to the fact I have to pay more taxes to bail some idiot out and subsidize some other industry to prop it up, or be forced to take a product against my will because the government has forcibly set up a monopoly (like currency). So no, I don't agree with you at all that stupid economic decisions should affect me. They only do so because the government forces me to pay for these mistakes that I never made. Let me pay for my own mistakes, and you pay for your own. You have no right to my life and I no right to yours.
If you do subscribe to the concept of protecting a person's property, then you cannot responsibly, objectively ignore the value of providing some protective economic regulation.
So in an effort to protect someone's property, you forcibly take a portion of his property? That's not protecting rights, that's violating them.
It is not very different at all from posting a speed limit. Irrational enthusiasm, whether applied to the pedal in a car or applied to bidding up futures in the market, still affects everyone dramatically
It is very very different. Driving recklessly is not an economic decision. It is a physical act that endangers the physical safety of other drivers and their property. A stupid economic decision under a laissez-faire Capitalist system would only affect the person making the stupid decision.
urQ "you are not in a position to judge what economic choices are better for me."
Not me personally, of course, but as indicated above there is a volume of economic knowledge every bit as well thought out as the details considered when setting speed limits. Employing this knowledge through regulation will protect me from large groups of you, and, as a bonus, benefit your guys too - even if you don't understand the benefit.
I want a set of regulations to protect me from people like you. Philosopher-kings that presume to think they know what is best for me. But I wonder, I have economic knowledge, would you entrust me to make these regulations for you? Since only a knowledge of economics to you is necessary for someone to force you against your will to give up a portion of your property to fix other people's stupid economic decisions?
urQ "why do you advocate regulations that disrespect individual rights? This is where we disagree."
Yes, we do.
I suspect that in society, under governments, that you have to be clear whether you are really protecting individual rights or harming individual rights by failing to codify certain hard earned knowledge.
Putting good regulations in place, I think, will always be more logical than putting no regulations in place, or, worse (and most likely), default to permitting/putting bad regulations in place.
Your standards on regulation have been more doctrinal. I'm saying that if you observe how things work, and how they could work, a MORE objective, fact-based solution can be reached, that better protects individuals overall.
So again, your basis for what is or isn't a good regulation is based on objective, fact-based solutions, yet you give no facts or solutions or articulate what exactly that objective standard is.
If I asked you what is a bad hamburger, and you said well what determines what is a bad hamburger should be based on objective, fact-based observations, did you tell me anything at all on what makes something a bad hamburger? No of course not. Saying something should be objective without articulating what that means exactly is nothing more than a floating abstraction. If you started articulating what is a bad hamburger, like a sour taste as opposed to a flavorful taste, too small a portion as opposed to a big portion, stale bread as opposed to fresh bread, over-cooked as opposed to cooked to 160 degrees internal temp, etc you at least made an attempt to articulate what those objective standards actually are. Otherwise, you leave a person with no basis for which to judge what exactly makes a bad hamburger bad.
(Edited by John Armaos on 8/05, 10:22am)
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