Friday, November 25, 2011

Regulations

One thing I've commented on-if not here, then elsewhere-is that very often regulations are pushed by businesses and industries rather than the government as a way to lock out the competition.  Matthew Yglesias over at his new home, Slate's Moneybox, has a great illustration of this.

So how do you prevent this?  Mostly by making sure that the need for licensing is justified, and making sure that the foxes are not in charge of the hen house; in this case, the Commission ruling on the justification of the regulation are controlled by those who would benefit from it.

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