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Bootleggers and Baptists-The Education of a Regulatory Economist

May 1, 1983
By Bruce Yandle

In this essay, Bruce Yandle--executive director of the Federal Trade Commission--makes an argument of the costly things government does when regulating business.

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In this essay, Bruce Yandle--executive director of the Federal Trade Commission--makes an argument of the costly things government does when regulating business. From shipping rates, to air quality control over the catalytic converter, and many other examples, the author finds government's attempts at regulation typically fail and cost taxpayers more money for little benefit.