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Regulation Can Be A Huge Goad To Innovation And Creativity
There is a paradox of regulation clearly not known in the Trump White House. It is this: Regulation can stimulate creativity and move forward innovation.
This has been especially true of energy. Ergo, President Donald Trump’s latest move to lessen the effect of regulation on energy companies may have a converse and debilitating impact.
Consider these three examples:
When Congress required tankers to have double hulls, after the Exxon Valdez oil spill in Alaska’s Prince William Sound in 1989, the oil companies and their lobbyists wailed that it would push up the price of gas at the pump.
Happily, the government ...
Source: Science - The Huffington Post - March 31, 2017 Category: Science Source Type: news
