Cut Global Red Tape to Promote Economic Growth
This article is for subscribers only.
March 12 (Bloomberg) -- Imagine that you own a small butrapidly growing company in Vermont, and that your products arestarting to sell in Maine, New Hampshire and Massachusetts. Youwould probably hate it if those states forced you to comply withinconsistent and redundant regulatory requirements.
Fortunately, the U.S. has a national market. Sure,unnecessary red tape still produces headaches, but the federalsystem (including the Constitution) sharply limits a state’spower to disrupt the free movement of goods across state lines.Within the U.S., that movement has been a crucial engine ofeconomic growth.