Left and Right Are Both Wrong About Regulation
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Dec. 3 (Bloomberg) -- In 1981, President Ronald Reaganinstructed federal agencies that they could issue regulationsonly after demonstrating that their benefits justified theircosts. With modest changes, Reagan’s successors, both Republicanand Democratic, have continued to impose this requirement onagencies considering rules designed to protect clean air, foodsafety, workplace safety and much more.
But a crucial question remains: Can the government’snumbers be trusted, or are they just a lot of hot air?