Time Essay: The Rising Risks of Regulation

The business of regulating business is one of the fastest-growing areas of government. It is also fast becoming one of the most criticized, even though nobody denies the need for some regulation or the benefits of clean air, pure water, safe products, healthy workers and employed minorities. An alliance of liberals and conservatives now protest that regulation is excessive and the benefits are not worth the price. They have found an ally in Jimmy Carter, who promises to battle regulatory excess as part of his Stage II anti-inflation plan. And not a moment...

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