The Wall Street Journal ran this graphic today. The number of regulators has grown at a CAGR of 5.5% over the past six years. If we let this continue for the next 30 years by then we'll have 1.6 million regulators [one for about every 400 American people] and the federal register will have a staggering 200,000 pages? This is insane.
You just have to love Dr. John Malone. The guy's a certified genius but also a "what you see is what you get" straight-shooting kind of guy. His Ph.D. is from Johns Hopkins, BA is science from Yale, worth $2.3 billion (according to Forbes, but probably way low because they just couldn't find all of it). He ran TCI (America's largest Cable company) and sold it to ATT for $54 billion. He's the kind of person that you could just sit and listen to for hours. He's so logical, well informed and well spoken. In a recent interview with the Wall Street Journal here's a few nuggets from what he had to say... (I agree with him about Obama) WSJ: What are the biggest risks for Liberty right now? Mr. Malone: I think the biggest concern I have for the next year or two would be on the retail side, because of the consumer sentiment and the macro conditions. The concerns really tend to be much more macro: Is America going to make it, rather than are we going to make it?...
Comments