Regulation now encompasses everything from the growth of centralized government bureaucracies to the licensing requirements imposed on the smallest economic activities, even running a lemonade stand. This trend suggests that two alternative futures are possible: a world in which regulation extends its tendrils into even more parts of the economy, damaging liberty and opportunity, or one in which regulatory retrenchment allows greater freedom and prosperity.
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|Other Independent Review articles by Pierre Lemieux|
|Summer 2015||The State and Public Choice|
|Summer 2006||Social Welfare, State Intervention, and Value Judgments|
|Winter 2004||Smoke-Filled Rooms: A Postmortem on the Tobacco Deal|
|[View All (7)]|