But CEI also provided the following strong warning for the future:
While agencies like the EPA are currently led by pro-liberalization appointees, the agency bureaucracies are likely biding time. Without congressional action, much of the Trump streamlining phenomenon will be transitory. Longer-lasting regulatory reform will require action by Congress.
And noting this should also cover:
Regulatory Dark Matter including guidance documents, proclamations, memoranda, bulletins, circulars, letters and more.
Action by Congress, and by the voters who elect them, will need to be prompted and guided through sound principles of economics and ethics. Such principles were written by me in 2014 and published in 2017 ie – the Ten Principles of Regulation & Reform. The first five principles of this book are concerned with the nature of regulation, whilst the second five with the reform of regulation:
1. Regulations seldom solve problems
2. Beware of unintended consequences
3. Regulations frequently redistribute income and power
4. Few regulations are actually intended to protect consumers
5. Regulations kill
6. Cost benefit analysis can improve regulation
7. Comparative risk assessment can improve regulation
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