Regulation

The Self-Interest of Self-Regulation

Honest businessmen, who are well aware of the importance of customer goodwill, try to insure that their businesses are not harmed by the unscrupulous actions of others. Many of them have formed voluntary associations to provide self-regulation in their industries.

What They Meant by Essential and Nonessential

What They Meant by Essential and Nonessential

The deployment of the terms essential and nonessential, however, has no precedent in our language. This is because of a view stemming from the democratic ethos and real-world commercial experience that everyone and everything is essential to everything else.

Biden’s California Dream

Biden’s California Dream

A good thing about America having 50 states is that when states fail, we can learn from their mistakes. People defeated by California’s rules move to Nevada or Texas. But if the federal government adopts California’s rules, where can we move?

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