The pre 1980s standards were ridiculous though. However, even if the US moves to some 3 quarters of the way towards now would be a huge improvement.
The "consumer harm" standard is idiotic.
The pre 1980s standards were ridiculous though. However, even if the US moves to some 3 quarters of the way towards now would be a huge improvement.
The "consumer harm" standard is idiotic.
I don’t see how they were ridiculous on the face it. The economy during that regulatory period grew into a huge juggernaut.
Most of the R&D that laid the future of the world happened during that period. The middle class grew to its largest portion during that period.
I don’t think the economy was hamstrung in the least
> I don’t think the economy was hamstrung in the least
post WW2 the world basically outside of the US blew up and the US pumped a ton of money into europe+asia to bolster it.
it's easy to be #1 when everything else burnt down
Rose colored glasses.
The classic example is airline deregulation which happened under Carter. The real cost of flights is way, way down since then. But this doesn't stop people from complaining about how "flying is a worse experience now" and wishing for a return to inane regulations.
Would you share a more detailed argument? Right now we only have adjectives: "ridiculous", "idiotic".
The US economy generally did very well with those standards, maybe the best it ever did, especially considering distribution of benefits.
> The US economy generally did very well with those standards
Spurious correlation. Few experts (economists) think old regulations caused economic growth.
If we really want to recreate post-war growth, we should destroy half our infastructure and fight a world war. Then, in the years following the end of that war, we can experience catch-up growth.