Leading experts discuss the pros and cons of government regulations and explain how they affect everyday life for Americans.
August 14, 2017
Every state has laws or regulations that require individuals seeking to offer a certain service to the public first to obtain approval from the state before they may operate in the state. Recent years have seen a significant proliferation of such laws, with less than 5% of jobs in the American economy requiring a license in the 1950’s to between 25-30% today. Although licensing in some occupations may benefit the public by reducing information asymmetry and/or ensuring a minimum quality level for a particular service, the significant growth in the number of occupations governed by some form of licensing requirements poses a potential threat to competition and consumer welfare. Our panel of experts discussed these important issues.
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July 14, 2017
Arguably, regulation has helped us achieve the American Dream. The benefits are numerous. But have regulations gone too far? The Regulatory Transparency Project’s Fourth Branch video series will explore this question.
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