Filed under: Capitalism, Economy, Freedom | Tags: August 20 2011, Lemonade Freedom Day, Tell Regulators to Back Off
The Wall Street Journal’s Opinion Page published the following piece in their “Notable & Quotable” column:
Blogger Ryan Young writing at openmarket.org, Aug. 3:
Kids have been setting up lemonade stands for as long as there has been lemonade. But in recent years, regulators have started shutting them down. Robert Fernandes, a father of two, has had enough. That’s why he has declared August 20, 2011 to be Lemonade Freedom Day. For more information, visit LemonadeFreedom.org.
Fernandes is encouraging kids and parents to set up lemonade stands that day without going through the permits, inspections, and fees that many towns require. . . . This is a minor battle, as these things go. But the same obstacles to lemonade freedom apply throughout the economy. Federal regulations alone cost nearly an eighth of GDP to comply with. That sizable burden is a major reason why the economy is still struggling. Lemonade Freedom Day is one way to tell overzealous regulators to back off.
We are inclined, in the face of silly or unnecessary regulation, to simply cluck, and then ignore it. But remember the Tea Party. Angry, fed-up people began going to demonstrations, making signs to tell why they were there, and they have become a major force in American politics.
Regulators assume that they are doing something good for society. They do not recognize the extent to which they interfere in our lives. Those who police the regulations are just following the letter of the law to keep from getting into trouble themselves. At some point, we just have to say stop!
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