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Wednesday, January 3, 2018

Should We Abolish Government Regulation?

Given the overwhelming size of the United States regulatory burden, we need to have a tough conversation about what we regulate and why.

What do you do on any given day that is not somehow regulated by government in some way? There really isn’t much. In point of fact, there are well over one hundred thousand pages of federal regulations alone, to say nothing of state and local regulations. We have government-mandated guidelines for everything from space exploration to how your dog can behave in a city park. While many people concede that there is an acceptable minimum level of government regulation, and others maintain that there is no such thing as an unregulated market, even in the absence of government guidance, it’s clear that as things currently stand, we are a highly overregulated nation. So if there is, indeed, a legitimate purpose for regulation, what is it? What are we trying to accomplish with these regulations? Who benefits? And how far is too far? Join James Harrigan and Antony Davies as they talk about this and more on this week’s episode of Words and Numbers.

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Quick Hits

Police killed in the line of duty

26-year-old gives birth to 24-year-old


Venezuelan cryptocurrency

Foolishness of the Week

This Week’s Topic

Magnitude of regulation

What regulations did Trump eliminate?

Regulation of social media

Regulating florists because dirt might be infected


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James R. Harrigan

Antony Davies

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  • James R. Harrigan is a Senior Editor at the American Institute for Economic Research. He is also co-host of the Words & Numbers podcast.

  • Dr. Antony Davies is an Associate professor of Economics at Duquesne University, and co-host of the podcast, Words & Numbers.