Share
Facebook
Twitter
Print
arroba Email

Discovery News 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, Poverty, and Morality
Scott Powell has enjoyed a career split between theory and practice with over 25 years of experience as an entrepreneur and rainmaker in several industries. He joins the Discovery Institute after having been a fellow at Stanford’s Hoover Institution for six years and serving as a managing partner at a consulting firm, RemingtonRand. His research and writing has resulted in over 250 published articles on economics, business and regulation. Scott Powell graduated from the University of Chicago with honors (B.A. and M.A.) and received his Ph.D. in political and economic theory from Boston University in 1987, writing his dissertation on the determinants of entrepreneurial activity and economic growth.