Reforming Regulation through Executive Order

President Obama has issued two executive orders this year directing agencies to comb through their books and repeal unneeded or harmful rules. The first one repealed about 30 rules, and will save about $1.5 billion.

It will be about four months before the second rule’s savings become known. My hunch is it will be in the same ballpark as the first executive order.

In this short article and accompanying radio segment (see the upper right hand side for the audio), I put the executive orders in context and put forward an idea that would save even more money.

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