Regulating Away Competition
People have long wanted to know (or thought they knew) the extent to which regulation hurts business. Diana Thomas and I tackle this question: the paper is here, or see our US News op-ed for a summary.
An even briefer summary:
New data on the Code of Federal Regulations finally allows us to figure out its impact. It looks like regulation stops potential entrepreneurs from starting new businesses, but doesn’t really drive existing firms out of business- and might actually help the biggest businesses.
Regulation is not so much govt vs business, as govt and big business vs entrepreneurs and job seekers.