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Thought To Ponder
Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. A fly-by-night securities operator can quickly meet all the S.E.C. requirements, gain the inference of respectability, and proceed to fleece the public. In an unregulated economy, the operator would have had to spend a number of years in reputable dealings before he could earn a position of trust sufficient to induce a number of investors to place fund with him. Protection of the consumer by regulation is thus illusory.
[ Education ]
The Tyranny of the Proper: Should government regulate our lives
28 March 2007
The Nassau Institute
On March 22, 2007 The Nassau Institute commenced a monthly Discussion Group Series at their newly commissioned offices in The Bay Street Business Centre.
The monthly series began with a discussion on "The Tyranny of the Proper," that centred on the question of whether the government should regulate our lives?
These discussion groups will take place in The Milton Friedman Room and are a long held vision for the directors of the Nassau Institute.
The inspiration for these meetings comes from similar "talks" held at various free market/libertarian think tanks like the Foundation for Economic Education (FEE) for example.
Ralph Massey, Vice President and economist for the Nassau Institute was the moderator for the session and he presented the following paper as the introduction to the discussion.
The Moral Code, Adam Smith and Uncle Milton's Logic: An Introduction to "The Tyranny of the Proper"
Ralph J Massey
“The subject tonight is Government Power and its use. I would like to make some comments with the hope that they may provide a useful perspective.”
To download the complete introduction titled The Moral Code (PDF) click here...
Background for the discussion was based on the following two articles:
You Can't Have Trans Fats Because They're Bad for You,