“The explosive growth in government regulations impose huge costs on productive activities. The arbitrary way in which they are enforced causes more insidious damage. It corrodes the rule of law and creates serious distrust on the merits of winners and losers in the market place. In addition, this “arbitrary” enforcement does not take place randomly. It is not the product of chance. It is the result of political machines that have perfected the art of extortion.”
To Read the Full Article, Click here.