CERF Blog

When thinking about regulation, it is helpful to have some regulatory principles. Here are my proposals: Keep it simple. Simple regulation is cost-effective regulation. Simple regulation minimizes both regulatory costs to the government and compliance costs to the regulated firms, costs eventually borne by consumers or taxpayers. Complicated regulation invites lawsuits and encourages efforts to… Read more

This is a question that I’ve never seen asked, at least not in the popular press, but it seems important to me, and I’ve been thinking a lot about it lately. For one thing, how can you possibly write good regulation if you don’t know what you are trying to do? It could be that… Read more