There are thousands, tens of thousands of
new regulations issued every year. This bureaucratic state that we’ve created
and the edifices that it occupies in and around Washington D.C., may be invisible to ordinary
Americans. Congress tends to pass sweeping legislation
with goals that everyone supports, clean air or affordable healthcare, but then they delegate
the details of that to executive branch agencies like the Department of Energy or the Environmental
Protection Agency. And you might think of the enabling legislation
as an acorn that Congress drops one Fall on fertile ground, and then the agency picks
that up and nurtures that acorn and grows a seedling. We might all think “Well that’s a nice seedling.” But then that seedling starts to grow branches,
and, before you know it, you have an oak tree that’s a hundred feet tall, and when you get
near it, you’re intimidated by what you see. That’s the administrative state that came
from an acorn. Regulation, by telling people that they have
to design products or sell products in a certain manner, tends to freeze technology, tends to
freeze behavior, and actually stand in the way of innovation. We have a federal regulatory system that rewards delay, that rewards litigation, and that does not focus on the American worker,
on working families. When they see empty storefronts and closed
factories, that is very much a product of what’s emanated from these buildings, and
from the agencies that inhabit them. Regulatory reform sounds so wonky but in many
ways it’s the key issue to grow our economy and put the hardworking men and women of this
country who build things, who build things, back to work. Regulations do get updated sometimes, but
very often they long outlive their usefulness. While you could take each one of those trees
in isolation, when you make a forest out of them that’s so dense you can’t walk through
it, that’s when the economic engine is stymied.

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8 thoughts on “Regulation & the American Dream [Fourth Branch]”

  1. ummm…where is the clean air?
    where is the clean water?
    where is the clean food?
    SCIENCE has not been good

  2. Love the anology of the acorn and the forest. Makes it so plain to the average participant. Keep up the great work. You've gotten my attention.

  3. If theres really is so many regulations why is the American economy still and has always been the largest economy in the world? Corporations and businesses are doing fine, and polluting away

  4. I think the point would be better made with real examples of regulations growing out of control. Targets for safer and more efficient cars for example does not restrict technology, it encourages it. Another example, Clean energy targets encourages new technologies. The reason that so many countries as losing jobs is not because of regulations. It's because of globalisation and improvements in production.

  5. Hmm… so endless copyright is shit. Well, it is.

    And btw, regulating what can and can't be sold is kinda good, because we need to ban unsafe stuff. Like the EU. Their food is better.

    Oh, and screw FATCA.

  6. Hello my new friend πŸ‘πŸ‘πŸ‘πŸ‘βž‘οΈπŸ””πŸ””πŸ””πŸ””

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