Tuesday, April 24, 2012

Don't Say "Deregulation"

Patrick Brennan makes a great case for deregulation, especially of the transportation industry.  As a regular purchaser of airline tickets while a college student in the mid-1970s, i.e., before deregulation, I can testify from personal experience about the very real and high cost of regulation.

But the much larger service Brennan does is found in these two sentences from near the beginning of his argument:
Of course, almost everyone agrees that the government should play a role in regulating certain segments of the economy, and certain risks cannot be mitigated by the market alone. But the president pretends that Americans have been, on balance, ill served by greater economic liberty.
Greater economic liberty.  Beautiful.  Someone please pass on this phrasing to the Romney campaign ASAP.

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