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The advent of a new administration in Washington, DC, offers the opportunity to reconsider stale approaches to federal environmental policy and to implement innovative new strategies that would protect our natural surroundings while preserving the institutions vital to the flourishing of our social and economic environment. Such an opening comes at an important time. The Obama administration left office after a prolonged expansion of the regulatory state, promulgating thousands of pages of new permitting requirements, regulations, and anticompetitive statutes and subsidies.