Category: Regulation
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Chemical security act would harm business, farmers
The Kansas Meadowlark contributes coverage about a chemical security law that promises to overburden an important American industry. Even the family farm is at risk. That’s the operative word — risk. As has been reported, Congressional testimony found that the legislation could actually increase risk to the businesses that the bill intends to protect. To…
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Regulation is expensive
We often hear of the burden of excessive regulation. When we measure the cost of federal regulation, we find that the numbers are truly shocking. How much does federal regulation cost? “A very rough extrapolation from an estimate of the federal regulatory enterprise by economist Mark Crain estimates that regulatory compliance costs hit $1.172 trillion…
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Chemical security act could affect Wichita water rates
The United States Congress is considering legislation that aims to increase the security of America’s chemical industry to terrorism threats. The legislation, if passed, would require chemical companies to substitute government-mandated processes and technology for their current processes. The post Chemical security law goes beyond protection explains more about this legislation. Even places that we…
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Regulation can backfire, benefit wrong parties
Regulators — no matter how well-intentioned, no matter how noble their cause — usually fail to achieve their goals. Here’s a look behind the scenes of how things can work.
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The “Watchful Eye” Fallacy
“In his inaugural address on January 20, 2009, Barack Obama said: ‘Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control.’…
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No end to increasing regulation
Contrary to the popular perception, Bush has been one of the most pro-regulation presidents — far more so than Democrat Bill Clinton, who, in many ways, was a better friend to the free market than Bush has been.