For American sugar producers, like many other industries, protectionism is apparently a sweet deal. Not the same for American consumers, as this video from Learn Liberty explains …
H/T to Crony Chronicles.
Twenty-five years ago today, the Federal Communications Commission (FCC) adopted an order effectively repealing the infamous broadcast “Fairness Doctrine.” The Doctrine required that broadcast licensees had to present reasonable opportunity for the airing of contesting points of view when covering issues of public importance to their community. For nearly 40 years, it was upheld in the name of protecting the ‘public interest.’
Lost in this more positive-right view of freedom of speech often espoused by proponents of the Doctrine was the harm it had on the more negative-right view of freedom of speech. But over time the negative-right view won out. It became viewed as a restriction on free speech, creating a “chilling effect” which led broadcasters to avoid covering any controversial public issues due to the requirement to ensure all sides of the issue were covered.
To commemorate the repeal, Reason.tv has posted the following interview with Thomas Hazlett, a professor of law and economics at George Mason University, discussing the history and various issues with the Doctrine:
In addition, I actually wrote my master’s thesis on the subject, relating it to the two conceptions of liberty: positive and negative, as postulated by Isaiah Berlin. In addition to the “chilling effect” argument, I also argued in the thesis that the positive-right conception exemplified in the Doctrine lends itself to an uncomfortable level of paternalism on the part of government regulators and a constitutional abridgement of negative-right speech. For those with probably too much time on their hands, all 184 pages can be read here.
The Institute for Justice has this fairly thorough video demonstrating the preponderance of dubious occupational license requirements in many jurisdictions:
Back in 2006, I looked at the prevalence of occupational licensing in Hillsborough County, Florida – starting with the example of requiring auctioneers to be licensed. I thought it kind of funny that a person who wanted to be an auctioneer requires a government license, while a 16-year-old who wanted to operate a large roller coaster, like at the theme park where I used to work, did not. (Subsequently, that theme park quit hiring anyone under 18 years of age – not connected to my original column I’m sure.)
At the time, Hillsborough County issued two different auctioneer licenses: one for selling your own property and one for selling someone else’s. (I contemplated interviewing an actual auctioneer, but I realized that he or she might be difficult to understand.)
As an objection lesson, below is a list of health plans that have been granted waivers from the requirement in the new healthcare ‘reform’ law ending yearly benefit limits. There are two main problems with this scenario. One is that it flies in the face of the promise that Americans would be able to keep their existent health insurance plans if they want to. The other is that it grants the authority to an appointed, unelected government official – the Health and Human Services Secretary – to simply exempt certain companies from a law.
While you think about those issues, gaze upon this list of over 700 plans that have been granted waivers (Warning: It’s long!):
“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius – and a lot of courage – to move in the opposite direction.”
– attributed to either E. F. Schumacher or Albert Einstein
Politicians are experts at ignoring economics. One of their favorite activities is to mandate price and service requirements from private companies and just expect that, like magic, all will be fixed. They seldom acknowledge the perhaps unintended, but yet inevitable, consequences of their wishful mandating.
The most pertinent example is the list of nice-sounding mandates on insurance carriers included in the new health-care ‘reform’ law. Many of them took effect this week.
The list includes, among others, the following requirements:
All of these, of course, will add to the overall costs of insurance policies. There is a difference between “price” (how much is directly charged a consumer for a service) and “cost” (the amount of money required to provide the service).