Reducing bureaucracy and red tape

In order to shape the economic process in such a way that – money gets into the hands of even the best manager and – prosperity increases as a result, performance targets should be kept as low as possible. This reminder also pervades all ECB publications. – On the other hand, consumer associations – and often enough business associations as well! – are constantly demanding new regulations. The two are not necessarily mutually exclusive. But too many regulations have a deterrent effect in every area of life. – See investor protection, supervision; supervisory avoidance, committee mania, BaFin levy, Banana Skins Survey, capture theory, competence conflict, supervisory, market failure, moral suasion, Peter rule, legal risks, regulatory mania, subsidiarity principle, overregulation. – Cf. ECB Monthly Bulletin, January 2008, pp. 67 ff, esp. p. 79 f. (productivity growth in the euro area is hampered by too much bureaucracy, which also affects monetary policy).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/