Business: A Regulator to End All Regulators

Outside of the White House itself, the most vocal opponent of the federal regulatory agencies is, of all people, one of Washington's most active regulators. In his two years as chairman of the Federal Trade Commission, Lewis A. Engman, 39, has adopted what seems like a wildly improbable posture. On the one hand, he is an outspoken champion of the free enterprise system and is leading a frontal attack on the federal bureaucracy that he believes is subverting it. At the same time he is an aggressive regulator of business. Yet Engman's self-appointed role as a sort of Ralph Nader out...

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