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Idaho Repeals Its Entire Regulatory Code | Armstrong Economics

Posted on by johnbarleycorn12

Believe it or not, sometimes there is a glimmer of hope. The glimmer came in Idaho and stunned governments around the world. Idaho’s state legislature just opted to repeal the entire state regulatory code. The greatest problem with regulation is that it remains there forever. There are so many laws that everyone breaks every day unknowingly because the books are cluttered with antiquated regulations. The new governor is now presented with an amazing opportunity to repeal an outdated and burdensome regulatory code and replace it with a more streamlined and sensible set of rules. Other states should be paying close attention. Even the flak Trump got over revising NAFTA was a classic example of outdated rules. NAFTA predated the explosion of the internet. With online commerce skyrocketing, it was omitted from NAFTA.
— Read on www.armstrongeconomics.com/armstrongeconomics101/regulation/idaho-repeals-its-entire-regulatory-code/

Trump’s National Security Claims for Autos | Armstrong Economics

Posted on by johnbarleycorn12

Toyota has criticized President Donald Trump’s decision to declare some auto sector imports a national security threat. They say it sends a message that Japan’s largest carmaker isn’t welcome in the United States. Trump has used the threat of “national security” as the excuse for a trade war. His policies on trade are very old world and will do far more harm than good. There is constantly a focus on jobs, but Toyota and BMW have opened plants in the USA and assemble many of their cars in the United States. Claiming there is a threat to national security is really a stretch. We have to understand that what we really need is a complete overhaul of how world trade in actually calculated. If we allocate trade by the flag the company flies, then the USA will have a trade surplus.
— Read on www.armstrongeconomics.com/world-news/world-trade/trumps-national-security-claims-for-autos/

Good points made here.