Blog 37. Peanut butter: commercial failure or regulatory success?

Regulation reduces freedom?

Industry and its political spokespersons rarely miss an opportunity to state that regulation costs jobs, money, and freedom.  Well, ‘way back in Blog 9, I agreed that regulation (when done right) reduces freedom—the freedom to do harm.  Furthermore, I acknowledge that regulation often increases the cost of doing business—but for a reason.  Continue reading