Challenges in Regulatory Burden
Richard and Russ discuss the impact of regulatory burden on the labor market and the overall economy. They explore the steady increase of government's role in decision making and the concerns of employers regarding costs, consumer behavior, taxes, and regulations. While there is evidence of wasted resources, they debate whether this is a short-term pessimism or a fundamental change in the economy.In this clip
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EconTalk
Richard Epstein on Regulation
Related Questions
How did regulations impact the industry in the episode Richard Epstein on the Constitution and the clip Rise of Administrative State?
Is innovation hindered by regulation in the episode 1053: Generic Drugs | Skeptical Sunday and the clip Capitalism and Regulation?
Can regulatory agencies be burdened as discussed in the episode Richard Epstein on the Constitution and the clip Defects in the Regulatory System? How does this relate to the episode Does Market Failure Justify Government Intervention? (with Michael Munger) and the clip Bureaucracy and Effectiveness? Additionally, how does this connect to the episode Arnold Kling on Reforming Government and Expertise and the clip The Intrusive Administrative State, particularly in relation to the SCOTUS curbing regulatory agencies’ powers and the clip Regulatory Powers Impact?