My Mercatus Center colleague Adam Thierer explains how regulation by government wrecks innovation. A slice:
A new NBER working paper, “The Failure of Free Entry,” finds that “regulations and lobbying explain rather well the decline in the allocation of entry.” Economists Germán Gutiérrez and Thomas Philippon show that, “regulations have a negative impact on small firms, especially in industries with high lobbying expenditures.” Their results also document how regulations, “have a first order impact on incumbent profits and suggest that the regulatory capture may have increased in recent years.”
Phil Magness documents some of the many misuses by universities of donors’ dollars.
Issac Orr offers evidence of how capitalism protects the environment.
Also on economic growth and the environment is Ronald Bailey.
Bruce Yandle laments Uncle Sam’s fiscal imprudence.
