(1) APA v Centralized Regulatory Review
A number of our readers inquired as to which of the above was the most critical to a functioning democracy; answer, if we must make a binary decision, we would prefer to have elected officials make binding decisions over appointed officials. That said, we are fortunate we are not confronted with such a decision. More specifically the two programs are reverse sides of the same coin– one gives oversight to the courts and the other to the president. Possibly if Centralized Regulatory review, as defined herein, were viewed as the counterpart to the APA it would have received an even higher degree of scrutiny.
(2) Does not other economic theories address the same issues as those discussed herein?
Several of our readers have stated that it appears that our term Insoluble Insolvency is possibly akin to related phrases dealing with lack of aggregate demand.
In particular the phrase that Insoluble Insolvency is “possibly akin to “secular stagnation” or “debt overhang.” is inconsistent with other AI inerpretations which conclude that the term ” insoluble insolvency” is much broader than the two aforementioined terms because these other interpretations seldom, if ever, invision a constant period of insolvency.
More specifically another AI statement concludes, “While “secular stagnation” and “debt overhang” describe periods of severe economic distress, they do not always envision a period of insolvency. Instead, they primarily describe conditions where an entity is “debt-heavy” or growth is stunted, which can occur even if the entity remains technically solvent. [1, 2, 3, 4]”
NB The national press is great on reporting what is the news but frequently it is insenstive to the need for reporting on what should be the news. Press Initiaitve?
Jim Tozzi Center for Regulatory Effectiveness
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