The Revolution: A Manifesto by Ron Paul

Author:Ron Paul
Language: pt
Format: mobi, epub, pdf
Tags: BIO010000
Publisher: Grand Central Publishing
Published: 2008-04-30T03:00:00+00:00

Americans have been given the impression that “regulation” is always a good thing, and that anyone who speaks of lessening the regulatory burden is an antisocial ogre who would sacrifice safety and human well-being for the sake of economic efficiency. If so much as one of the tens of thousands of pages in the Federal Register, which lists all federal regulations, were to be eliminated, we would all die instantly.

The real history of regulation is not so straightforward. Businesses have often called for regulation themselves, hopeful that their smaller competitors will have a more difficult time meeting regulatory demands. Special interests have helped to impose utterly senseless regulations that impose crushing burdens on private enterprise—far out of proportion to any benefit they are alleged to bring—but since those interests bear none of these burdens themselves, it costs them nothing to advocate them.

When Senator George McGovern retired from public life, he became the proprietor of a small Connecticut hotel called the Stratford Inn. Two and a half years later, the inn was forced to close. After his experience running his own business, former Senator McGovern had the honesty to wonder about the merits of all the regulations that, truth be told, he himself had helped to implement. “Legislators and government regulators must more carefully consider the economic and management burdens we have been imposing on U.S. business,” he said. He continued:

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