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An investigation into nearly 1 million bills across all 50 US states showed a high proportion of proposed US laws being written by lobbyists. The investigation was based on computer analysis of the similarities in language used in the bills. Additionally, copycat legislation is a problem. That is where states copy-paste key parts of proposed legislation from each other, and often the original is can be traced back to lobbyists. Many tricks are used to increase acceptance of these bills such as use of deceptive titles, misleading endorsements, copied bills to override locally sourced bills, and more. The article includes several graphics showing the distribution of bad practices across the states.
A two-year investigation by USA TODAY, The Arizona Republic and the Center for Public Integrity reveals for the first time the extent to which special interests have infiltrated state legislatures using model legislation.
USA TODAY and the Republic found at least 10,000 bills almost entirely copied from model legislation were introduced nationwide in the past eight years, and more than 2,100 of those bills were signed into law.
(Score: 0) by Anonymous Coward on Monday April 15 2019, @05:40AM (5 children)
You want facts about what the federal reserve does, look at wikipedia. I really didn't expect that to be controversial, and none of the people apparently finding it controversial have gone beyond saying "nuh-uh".
(Score: 0) by Anonymous Coward on Monday April 15 2019, @06:18AM (4 children)
I am aware of the functions of the Federal Reserve. However, your rant (there really is no other word for it except, possibly, screed) doesn't show a link between a bank for the banks and supply-side economics.
Supply-side economics [wikipedia.org], by the way, is a more formal term for "trickle down economics."
Neither lowering taxes or reducing regulation are functions of the Federal Reserve. Perhaps it's you who should read wikipedia instead of me.
So, you made assertions unsupported by facts, and pointed the finger at an institution (regardless of how you feel about said institution) that has no role in setting the economic policies (except quite tangentially with the setting of interest rates on the securities they sell) you referenced.
While central bankers can have a significant impact on liquidity, which definitely has an impact on economic performance, that's not "trickle down economics."
Taxation and regulation policies are generally set by legislators, not central bankers.
You're not doing yourself any favors here, friend. Perhaps you should just quite while you're behind.
(Score: 0) by Anonymous Coward on Monday April 15 2019, @06:52AM (3 children)
Once again you haven't pointed to which step is supposedly wrong.
1) federal reserve gives loan to primary dealer or treasury
2) primary dealer or treasury uses this money to buy assets or give out further loans to businesses or higher people or as collateral for more loans, etc
3) those further businesses or people spend the money, spreading it around more
This is trickle down economics. You could easily imagine a non-trickle down version where the loans are given directly to individuals.
(Score: 0) by Anonymous Coward on Monday April 15 2019, @07:09AM (2 children)
You keep using that term.
I do not think it means what you think it means [wikipedia.org].
(Score: 0) by Anonymous Coward on Monday April 15 2019, @07:17AM (1 child)
> " There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. "
The idea is that when the rich have more money they spend it and it trickles down to those below. How is this different?
(Score: 0) by Anonymous Coward on Monday April 15 2019, @07:27AM
The Federal Reserve is a private entity. It does no legislating.
Setting interest rates on the bonds they sell and lending money to banks doesn't "make the well-to-do prosperous," it's a normal part of a central bank's function and role.
"Trickle Down Economics" has a very specific meaning what you're calling it ain't that.
If you want to be taken seriously, you might consider that words have meanings, and using words that don't represent what you're trying to express will not express those ideas.