Government Regulations
To quote Jamie Dimon of JP Morgan Chase before Congress on June 13, 2012, "Lets not throw the baby out with the bathwater", ... "I believe in strong regulation, not necessarily more regulation".. He clarified by saying that continuing to add regulation on top of bad, ineffective regulation would just make it more complex and costly and less effective, meaning be a little thoughtful about the regulation that you impose on business. That is the common sense approach. People are concerned when they hear that Congress invites industry experts in to discuss development of laws and regulations for fear of watering down the law/regulation. So, that means they would rather have politicians in Congress who DO NOT understand the industry, develop a new law/regulation on their own? That hurts the industry, the economy and the employees and clients of the industry in question. If Congress is the "executive" representing the people of the US, they should use industry experts and make strong and proper executive decisions that create effective laws with with the best interests of the country in mind, and with out political maneuvering.

'Boy, is this ever worth reading'

from The Gray Area:

The Wall Street Journal interviewed Fred Smith, Founder, CEO & Chairman of FedEx ahead of his impending retirement after 50 years at age 75.

In the interview, Mr. Smith talks about his company, COVID 19, his company's involvement during the pandemic, and our government's reaction to it, stating that; Congress’s last Covid relief stimulus “created an enormous amount of withdrawal of labor from the market,” and that had a direct impact...“if I’m getting a government check,” he says, there’s less incentive to “go into a warehouse.” . “We were 40,000 package-handlers short, and there were people in the media saying that the stimulus checks didn’t have anything to do with that.” Such people are “divorced from the world we’re living in.

He also talks about Build Back Better & Weimar Germany, about printing money and the insanity of Modern Monetary Theory, about government directed vs free market economies, government regulations, free trade, Chinese mercantilism and a new Marshal plan.

He talks about families and fathers, DEI & opportunity, and America being a force for good in the world.


from The Wall Street Journal,

He reflects on logistics, economics and lessons from building ‘the largest transportation system ever put on the planet.’

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