January 29, 2017

reins act

I found a new free market blog last week when following some inside-baseball information on FERC regulations on the power industry.

This short article, from the heretofore unknown Ashley Baker, brilliantly sums up the case for passing and enforcing the REINS act, and takes a paragraph or two to expose HuffPo's rather unsavory Carl Pope as either mendacious or stupid. Enjoy!

Pope’s assessment could not be less accurate. In fact, the REINS Act would remove the bureaucrat-driven rulemaking process from behind closed doors and hold elected officials accountable for new regulations.

Under the current process, Congress escapes scrutiny when regulatory agencies issue new rules that affect the lives of Americans. Unlike executive bureaucrats, elected officials can be held accountable by their constituents. Regulators, lacking this type of accountability, are free to promulgate rules without much regard for the costs they will impose.



Economics and Markets Government Regulation and Administrative Law Posted by nanobrewer at January 29, 2017 10:35 PM
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