However, the Federal Reserve is not a repair shop for broken fiscal, trade or regulatory policies.
On the other hand, lower taxation and balanced regulatory policies are crucial catalysts for economic growth.
The fact is Obama's spending, tax and regulatory policies are smothering economic recovery, jobs and opportunity.
Along with Reagan monetary and regulatory policies, that would restore the Reagan economic boom.
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Recent events underscore the need for strong market discipline, prudent regulatory policies and robust risk management.
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The previous government's onerous tax and regulatory policies reduced British Columbia to an economic under-achiever through most of the 1990s.
But they do have regulatory policies that can and should be used to prevent excessive risk taking in the banking system.
The first is that the finance ministry's regulatory policies have encouraged overcapacity.
These conditions did not arise as a result of market forces, but from foolish monetary, fiscal, and regulatory policies that distorted market forces.
But States and localities, many of which enjoy surpluses from the recovery, must not permit their tax and regulatory policies to stand as barriers to growth.
W. Carey, vice president of government operations for Murray Energy whose subsidiary Ohio American Energy Inc. runs the facility, Obama administration regulatory policies are entirely responsible.
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One big reason we may now be slouching toward a double dip recession is because small business owners, like Mickelson, are shrugging in response to anti-growth tax and regulatory policies.
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Moreover the general public simply does not have the information and expertise to follow what is happening in financial regulation on a regular basis or to understand the implications of regulatory policies.
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If we want more jobs, and more good jobs, than we have been getting, we will have to change our monetary, tax, and regulatory policies to induce private entities to invest more.
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The UN's regulatory policies, requirements and standards regularly defy scientific consensus and common sense: UN agencies' virtual ban on DDT for mosquito control and their stultifying regulation of agricultural biotechnology are lamentable examples.
Unscientific and discriminatory EPA and USDA regulatory policies make field trials with genetically engineered plants 10 to 20 times more expensive than a similar plant engineered with less precise, less predictable conventional genetic techniques.
To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.
In May, Christine Varney, President Barack Obama's pick to run the Justice Department's antitrust division, repudiated the Bush administration report, squarely placing some blame for the country's economic problems on the Bush administration's laissez-faire regulatory policies.
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"We believe the failed backloading vote points to the fact that we need alternative tools - direct, ambitious, just regulatory policies, " said Hannah Mowat from Fern, a NGO that has been working on carbon issues for a decade.
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Lord Turner has once again tried to put a sizeable bomb under the economic orthodoxy that has determined government and regulatory policies towards banks ( as I noted in my post this morning, a couple of years ago he suggested that a financial transaction tax might be a decent idea, and argued that some financial innovation and trading might well be "socially useless").
In fact, the rate at which the economy can grow will be hampered by a reduced willingness of banks to lend, a reduced amount of spending by federal, state and local governments, reduced consumption from many still-financially-overstretched American citizens who also face elevated gas prices, and from a reduced willingness of businesses to invest in the face of uncertainty regarding future tax and regulatory policies.
Those governments are laboring to establish company-formation-friendly tax policies, regulatory regimes and immigration policies, while our government is asleep at the switch.
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Why are federal regulatory and taxing policies being allowed to drive desperately needed American industries and jobs overseas?
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The American economy is capable of growing at 3.5% per year for decades with the right fiscal, monetary, regulatory and social policies.
Worse, it has a real impact, because business leaders consistently grumble that a lack of certainty about regulatory and tax policies is impeding investment.
It is these transitions in our market economy and the adoption of pro-growth fiscal, regulatory and trade policies that lay the essential groundwork for greater, more sustainable prosperity.
Margo Thorning is Senior Vice President and Chief Economist for the American Council for Capital Formation (ACCF), a nonprofit, nonpartisan organization advocating tax, energy, regulatory and environment policies that facilitate saving and investment, economic growth and job creation.
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With the right tax, regulatory, and monetary policies, the U.S. economy could resume growing at this rate and continue it indefinitely.
The truth is, market prices are determined by forward-looking expectations of revenues, expenses, earnings, interest rates, the regulatory environment, governmental policies, etc.
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