July 1, 2019 | Re-posted from The Atlantic ~~
Despite the sensationalist title, The Atlantic’s Lyman Stone offers a great solution to solving some of today’s prominent issues – deregulate people and let them succeed…From his closing paragraph: “As dire as this all sounds, there is cause for hope. If the problem is too many senseless rules, then the solution is obvious. Strict licensure standards can be repealed. Minimum lot sizes can be reduced. Building-height ceilings can be raised. Nonviolent prisoners can have their sentences commuted. Even thorny problems such as cost control in universities can be addressed through caps on non-instructional spending, while solutions for government debt and obligations are widely known, even if they are politically unpalatable.”
The mistakes of the past are fast creating a crisis for younger Americans.
The Baby Boomers ruined America. That sounds like a hyperbolic claim, but it’s one way to state what I found as I tried to solve a riddle. American society is going through a strange set of shifts: Even as cultural values are in rapid flux, political institutions seem frozen in time. The average U.S. state constitution is more than 100 years old. We are in the third-longest period without a constitutional amendment in American history: The longest such period ended in the Civil War. So what’s to blame for this institutional aging?
One possibility is simply that Americans got older. The average American was 32 years old in 2000, and 37 in 2018. The retiree share of the population is booming, while birth rates are plummeting. When a society gets older, its politics change. Older voters have different interests than younger voters: Cuts to retiree-focused benefits are scarier, while long-term problems such as excessive student debt, climate change, and low birth rates are more easily ignored.
But it’s not just aging. In a variety of different areas, the Baby Boom generation created, advanced, or preserved policies that made American institutions less dynamic. In a recent report for the American Enterprise Institute, I looked at issues including housing, work rules, higher education, law enforcement, and public budgeting, and found a consistent pattern: The political ascendancy of the Boomers brought with it tightening control and stricter regulation, making it harder to succeed in America. This lack of dynamism largely hasn’t hurt Boomers, but the mistakes of the past are fast becoming a crisis for younger Americans. (READ MORE)
Media Source: The Atlantic by Lyman Stone