Why regulations are good — again
Chicago Tribune [Editorial], Cass Sunstein,
March 19, 2012
http://articles.chicagotribune.com/...319_1_regulation-baseball-scouts-requirements
‘In "Moneyball," author Michael Lewis celebrates the success of Billy Beane, . . .’
‘ . . . For more than two decades, I was a professor of law, mostly at the University of Chicago Law School, on whose faculty Barack Obama also served. . . . I emphasized the importance of ensuring that the benefits justify the costs, promoting flexibility for the private sector, using low-cost "nudges" and measuring the actual effects of regulatory requirements. . . ’
‘ . . . Obama issued a historic executive order, requiring an unprecedented governmentwide review of rules on the books. In August [2011], more than two dozen agencies produced reform plans, . . . ’
‘ . . . For example, the Department of Health and Human Services will soon finalize a rule to remove unnecessary paperwork and regulatory requirements now imposed on hospitals . . . ’
‘ . . . These benefits include billions of dollars in savings for consumers, achieved through historic rules increasing the fuel economy of cars and trucks. . . ’
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Cass R. Sunstein administers the federal Office of Information and Regulatory Affairs.