“The Obama administration on Tuesday proposed breaking up the agency responsible for both policing the oil industry and acting as its partner in drilling activities, seeking to end a decades-old relationship between industry and government that has proved highly profitable — and some say too cozy — for both.” (New York Times, Wednesday)
Just utter the incantation “regulation” and all will be well. Don’t ask for details.
FEE Timely Classic
“Free-Marketeers Should Welcome Regulation?” by Peter Lewin