Thursday, 13 December 2018

"I’m increasingly suspicious of claims that we are in a deregulatory environment...Look for the US to continue taking regulatory steps to close itself off from the rest of the world." Bonus #QotD


"One often hears about the Trump administration’s deregulation push. But how real is it? Is the number of regulations rising or falling? One Mercatus Center study found that growth in federal regulations slowed during 2017 ... 
    "Slower growth is a good thing, but it doesn’t represent 'deregulation.' 
    "There are many areas where regulation is still increasing [especially] ... foreign investment, immigration paperwork and mail delivery. Three very different types of regulation, with one thing in common. The US government seems increasingly suspicious of the rest of the world. Look for the US to continue taking regulatory steps to close itself off from the rest of the world. I expect [the US] to remain much more open than places like Cuba and North Korea, but less so than places like Canada and Australia. 
    "Meanwhile, I’m increasingly suspicious of claims that we are in a deregulatory environment..." 
        ~ Scott Sumner, from his post 'Regulation Watch' [Emphasis mine]
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