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Business and Labor Policy: A Mixed Blessing?. Essential Questions: How does the government regulate business? Why does the government regulate business? How has government progressed to fit the changing needs of the nation?.
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Business and Labor Policy: A Mixed Blessing? Essential Questions: How does the government regulate business? Why does the government regulate business? How has government progressed to fit the changing needs of the nation?
“Those who advocate, in their desperation, more government to solve the problems of our society are demonstrably wrong... The solution rest in less—not more—government” -Arthur B. Laffer 1. Is Laffer for or against government involvement in businesses?2. What is an example of the “desperation” he refers to?
“Many Americans have forgotten that we set up regulatory agencies in the first place to protect the public interest. Industries considered vital to the public—such as transportation, food, finance, communications, and nuclear power—were regulated in order to provide the public a steady flow of safe products in a stable environment.” -Victor Kambor, July 1984 1. Is Kambor for or against government involvement in businesses?2. What reasons does he cite to support his claim?