What does "efficient and effective regulation of markets" mean? Does it mean businesses are prohibited from cheating customers? Or does it mean government is telling business how much they have to pay their employees, who they have to hire, who they can fire and why, how much they can charge for their services, etc, etc, etc.... ?
Yes to the former, no to the latter.
Protect consumers from fraud, protect markets against distortion, protect the economy against monopolies. That kind of regulation.
I think that's pretty straightforward, and I don't know why this needs to be such a mystery.
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Mac, as far as regulation from either side------------------>your view of finding equilibrium is a very good way to put it, and kudos to you. But, here in lies the problem----------->congress has abdicated the responsibility of a vote up or down on these things, to UNELECTED officials. If they had NOT, life in America would be much different today, and you might NEVER have anyone like Donald Trump elected.
CONSIDER--------------> If congress creates a bill to ban guns totally by some loophole, (just using as an example) then if the population wants a reversal, the people who run against THAT POLICY and against them in the next cycle, take control and reverse it! ERGO, congress voted, the citizens were made aware and didn't like it, so they threw them out! THAT IS HOW IT IS SUPPOSED TO BE!
But not today! Unelected people create policies, from the EPA, down to the Education Department. We throwing out our elected officials, has zero affect on those people, and they just keep on keeping on.
Now let me be fair------------> NEITHER party wants to vote on many of these so called REGULATIONS, because they know, many of them are unpopular. How could they get re-elected, if they piss people off!
Let me give you a PERFECT EXAMPLE, and you are intelligent, so I know you will understand this better than anyone else, or at least as well as most.
OBAMACARE! Do you REMEMBER how unpopular it was? Hell, it cost the Democrats the majority in BOTH chambers of congress at the time!
But, you now see polls how Obamacare is now popular; and how can you miss them, every Left leaning person on this board touts those polls, and Republicans scratch their heads, and can't figure out what happened. HOW did it go from sooooooooooo unpopular, to reasonably POPULAR. Makes no sense!
Contrair, it makes PERFECT SENSE, and here is why------------------> Because what made Obamacare soooooooooo unpopular, was removed by President Trump, which was EPIC STUPIDITY on his part. As soon as the MANDATE was removed, the tax liability for having no insurance, it became wonderful! In essence, even though it was a bad program, and losing money hand over fist before, the government took its partial funding mechanism, and put it on the shoulders of the government, meaning higher deficits or more taxes, and now REALLY give something for nothing, or no penalty!
Now that Obamacare doesn't piss off people by not taking taxes because they have no insurance, yet still give people subsidies, people LOVE IT! It pisses nobody off, except it runs at a massive loss, a bigger loss than it should have ever been allowed to! And now, because it is popular, the Republicans are scared to death to mess with it! In essence, what the Republicans did was BAD, BAD, politics.
We must always remember, that President Obama NOR the Democrats created the original Obamacare, they just signed it into law. The people who created it, were UNELECTED officials; many who are still in their positions in Washington, just waiting while licking their chops to invoke Medicare for all, IF a Democrat gets elected.
And the Republicans? The Republicans! Most of them are sooooooooooooo dumb, they basically FIXED what was so unlikeable about Obamacare, putting themselves in a conundrum now, while adding to the massive deficit, because under a law they failed to repeal wholly, they must now fund it.
Whenever I watch a Trump rally, I cringe as he touts his repeal of the mandate. WWith logical spinning, the Left can now proclaim--------->see how many people now like Obamacare; how popular it is! If you like that, you will LOVE Medicare for all! Remember what the Republicans said about Obamacare? How you should hate it? It just took some getting used to, and now you like it. Same will be with the new program.
President Trump------------------> you SCREWED THE POOCH ON THIS ONE, and it is going to be a very hard slog to convince the over 50% of the people who now like Obamacare because YOU REMOVED THE PAIN FROM THEM, that Medicare for all is not a good thing. YOUR policy made it MORE popular, even as you made it LESS viable. Now what are YOU going to do!