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The Latest Senior Fellow Scott Powell: Trump’s Push for Deregulation

Executive Orders provide temporary relief, but long term structural change is needed for the U.S. to free itself from the regulatory leviathan and permanently limit federal bureaucracies and their army of unaccountable regulators.

Start with two statutory safeguards: 1) Congressional legislation that requires the delivery of $2 of regulatory cost reduction for every one dollar of new regulatory cost increase; and 2) Periodic Congressional reauthorization of regulations affecting industries and the economy — with sunset provisions for those not reauthorized.

But perhaps most importantly in the long run is the need for a renaissance in understanding the appropriate scope and principles for regulation in today’s free market information economy.

Read more at American Thinker.

Scott S. Powell

Senior Fellow, Center on Wealth and Poverty
Scott Powell has worked in the corporate, academic, and research worlds. He has taught at two universities, served on two corporate boards, and been an entrepreneur—founding two companies. He has been Senior Fellow at the  Discovery Institute since 2012, after a six-year affiliation with Stanford University’s Hoover Institution. He has written three books and over 350 published articles in the Wall Street Journal, Investor’s Business Daily, Newsmax, The Federalist ,USA Today, Barron’s Financial, New York Post, Chicago Tribune, The Houston Chronicle, and some 50 other newspapers and journals in the U.S., Europe, and Asia. He delivered the valedictory address at his graduation from the University of Chicago with honors (B.A. and M.A.) and received his Ph.D. in economics from Boston University.