Monday, January 01, 2007

Economics and Social Policy XXVII

Welcome to the January y 1, 2007 edition of Economics and Social Policy. My original thought was to do a series on predictions for 2007. However, I never got around to writing my own predictions column, other than to mentally note that Mike Tyson was likely to have legal troubles in 2007 (Call that crawling out on a limb…). Unfortunately, given the holidays, parties, kids spending the night, etc., etc., etc., I haven’t spent the time needed to put together the edition I wanted. Consequently, I’m going to offer up the submissions as BlogCarnival collected them with little or no editing.

Here’s the rundown for the first E&SP of 2007:

Tom Blumer presents The Long-Term Harm of SOX and Other Regs, Part 1: Where ARE the Initial Public Offerings (IPOs)? posted at BizzyBlog, saying, "Actually a 2-parter -- Prediction: Long-term harm caused by SOX will become evident in 2007. Congress will do little about it because of pressure from far-left Dems, the Big 4 accounting firms, and big companies who don't like feisty competition. Esp see the questions near the very end of Part 2 to grasp the danger we are courting."

As E&SP XXVI and previous editions have noted, SOX is reducing the competitiveness of American business and markets in the global economy. The entire SOX regulatory scheme was built to punish corporations for activities that were already illegal.

Tracy Coenen presents Milwaukee Assessor’s Office and Milwaukee Public Schools screw up on property taxes posted at FRAUDfiles.

Screw ups, raising property taxes on polictico’s whim, and other forms of self-aggrandizement are pretty much par for the course in public education. As is the lack of education.

Caroline Latham presents Tis Better to Give Than to Receive posted at SharpBrains: Your Window into the Brain Fitness Revolution, saying, "Here are some reasons why it really is good to give. Charity is good for your brain!"

Wenchypoo presents Book Review: In Our Hands—A Plan to Replace the Welfare State posted at Wisdom From Wenchypoo's Mental Wastebasket, saying, "My predictions (nothing to do with my submission): the markets will continue to fly, people will continue to suck, and politics will go on as usual. 2007 will be 2006 Part II."

Except in 2007 – now that we’ve acquired a new set of masters in Washington – the economy will now be perceived as roaring by the MSM (with no change in the underlying fundamentals).

That concludes this edition. Submit your blog article to the next edition of Economics and Social Policy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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