Regulation Nation
Regulations, regulations and more regulations. Consumer investigative reporter John Stossel says he tried to open a legal lemonade stand outside his studio office in New York City but failed because of the avalanche of regulations. He said it would have taken at least two months. First, the government required a 15-hour food protection class, followed by an exam and a wait of weeks to get the results. On top of that, you’re required to purchase a government-approved fire extinguisher. “And government keeps adding rules,” Stossel says. “This is why job growth is slow. There are 175,000 pages of regulations on the books today. Few people even understand these rules.” Stossel welcomes University of Virginia law professor Michael Livermore and Manhattan Institute Fellow Jared Meyer to debate the pros and cons of the issue in this edition of Liberty Pen.
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