May 11, 2021
They Say It Can’t Be Done depicts how vital innovations find themselves stalled in the face of confusing, outdated and slow regulation.
In last week’s post on the regulatory state I surmised that “a retrospective review of the [Obama administration’s] retrospective review exercise would prove it to be largely pointless.” Well, not quite. As the American Action Forum’s excellent Sam Batkins explains, agency review of old, outdated regulations has actually added some $14.7 billion in costs. Thank you, Doctor Sunstein.
To the iron laws of the administrative state, we should add the following:
They Say It Can’t Be Done depicts how vital innovations find themselves stalled in the face of confusing, outdated and slow regulation.