Neil Gorsuch's Anti-Regulatory Jurisprudence For Dummies
In his new book, the associate justice skips the legalese and tells about the little people victimized by the administrative state. It's like the big people don't exist.
George the Hedge Fund Manager is a Neil Gorsuch anecdote left on the cutting room floor.
Neil Gorsuch has written a new book called Over Ruled that includes a sort of Classics Illustrated version of his anti-regulatory jurisprudence. Eschewing legalese, Gorsuch demonizes the administrative state anecdotally through stories about nice guys like Marty the Magician who get enmeshed in federal regulations. Poor Marty had to pay $40 for an Agriculture Department license for the rabbit he pulled out of a hat. Marty also had to submit to surprise inspections; to put some stickers on the rabbit’s cage that the Ag Department sent him; and to prepare a disaster rescue plan for the rabbit. Was this excessive and silly? Sure, and eventually the regulation was rewritten to exclude small operators like Marty.
A more representative anecdote that somehow never made it into the book concerns George the Hedge Fund Manager. The SEC nailed George for fraud, and he had to pay not $40 but $300,000, not for a license but in a fine, plus $685,000 in ill-gotten gains. George was also banned for life from the securities industry. Was it excessive and silly? Not remotely. George is worth about $1 billion. But George filed suit against the SEC, and Gorsuch decided in his favor, delegitimizing in a concurring opinion regulatory procedures that have been in place since the 1930s to protect the public against wealthy individuals and corporations that abuse their power.
Marty, George, Neil, and the Supreme Court’s new hobby of turning regulatory decisions over to judges is the subject of my latest New Republic piece. You can read it here.
In Vietnam for example George the hedge fund manager would probably get the death penalty..why ? Because with Confusionism and legalism the rule of law is not that of the 1215 king John's English Magna Cardum . It's basted on centuries of social tolerance as directed and handed down by a higerartical system of absolute rule by governing dynasties.
The dynasties purpose was to build and control the family unit , which was based on loyalty, prosperity ,family history and pride , positions on the economic scale with skills needed to support the Dynasty.
In a dynasty George the Hedge fund manager would be brought before the appointed dynasty courts of justice for punishments as to the misdeads to be rendered . Had George simple taken more cookies from the cookie jar , perhaps a thin bamboo beating on the buttox would do , or and in a worse case perhaps being told he could never visit his family unit again .
But George did more than that he destroyed lively hoods of thousands of people ,knowinly lied and ,took from them all that were theirs , those in family units died and lives were totally destroyed . So George the hedge fund manager according to the Dynasty court of justice gets what he deserves,,the death penalty
In the American Court justice system George walks away because as a billionaire he has lawyers that know how to manipulate the court system
George's lobbiest and lawyers know how to make it right with the powers to be , George knows with one phone call and the right amount in the check he gets pardoned , he walks away a free man .they call it " free enterprise ".
How different would Wall Street be if George got what those in Vietnam get for their misdeeds? I bet a lot of those 40,OOO hedge funds and ETF's that were created out of thin air in the last 20 years would disappear.
Any bets ?
Have a great day my friends.
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