Ted Cruz is blaming life-saving car safety regulations for the rising cost of cars
This is correct. They will be cheaper. The question is not how much money is spent, but it is what you get for that money.
I’m sure if we get rid of all food safety laws there will be cheaper food available as well. It will make manufacturing much easier.
Likewise, if we eliminate the EPA and the huge amount of environmental protection laws we have, manufacturing will be much cheaper and feasible to do in the USA.
Chesterton’s Fence remains in effect, as ever. Fiddle with these rules at your own risk. Consequences don’t care about your feelings and the universe will make sure to pay you back.
But the prices won’t go down. Reductions in production costs are only reflected in sale prices when there’s a market force driving the costs down. Right now, people have to own cars, and the barriers to entry into the matlrket are too high for new competitors. There’s no reason for the auto manufacturers to lower prices if their costs go down. They can just pocket the difference.
This is correct. They will be cheaper. The question is not how much money is spent, but it is what you get for that money.
I’m sure if we get rid of all food safety laws there will be cheaper food available as well. It will make manufacturing much easier.
Likewise, if we eliminate the EPA and the huge amount of environmental protection laws we have, manufacturing will be much cheaper and feasible to do in the USA.
Chesterton’s Fence remains in effect, as ever. Fiddle with these rules at your own risk. Consequences don’t care about your feelings and the universe will make sure to pay you back.
But the prices won’t go down. Reductions in production costs are only reflected in sale prices when there’s a market force driving the costs down. Right now, people have to own cars, and the barriers to entry into the matlrket are too high for new competitors. There’s no reason for the auto manufacturers to lower prices if their costs go down. They can just pocket the difference.
They may be cheaper, but they won’t be THAT much cheaper to make.
They’ll get rid of the safety mechanisms to make the cars cheaper… to produce.
But you and me will still pay the same prices.
Because its corporate profits they are concerned about, not personal savings.