Matthew Yglesias explains how our regulatory system is far too restrictive at the municipal level, but exceedingly lax at the federal level.
“It is much too difficult to get business and occupational licenses; there are excessive restrictions on the wholesaling and retailing of alcoholic beverages; exclusionary zoning codes cripple the economy, and I’m sure there are more problems than I’m even aware of.”
“At the same time, it continues to be the case that even if you ignore climate change, there are huge problematic environmental externalities involved in the energy production and industrial sectors of the economy… On the financial side, too, it’s become clear that there are really big problems with bank supervision.”
More from Matthew Yglesias here.
