EconTalk: I Don't Know Why She Swallowed the Fly, by Amy Willis
There was an old lady who swallowed a fly...So goes the story of the regulation of the United States economy, according to this week's EconTalk guest, John Cochrane. Cochrane is concerned about the effects of creeping regulation and what he sees as a lack of respect for the rule of law in government today. He also sees policy debates today like bad marriages, with each side just shouting over one another. He aspires to change the nature of this debate...
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1. Both Roberts and Cochrane are anxious to get rid of barriers to innovation, but they approach this with different rationales. How does the moral case for the removal of such barriers differ from the practical case? Which side are you on, and why?
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