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Can Deregulation Work?

Paul H. RubinPaul Rubin
1/21/2011

Based on his experience at two regulatory agencies during the Reagan years, Rubin is not optimistic that the president’s recently announced deregulatory initiative will be a success. He writes that without managers with a strong interest in deregulation and with the backing of senior administrators, there will be no serious power to buck the staffs. The current executive order seems to impose a cost-benefit analysis, but it has enough loopholes (“equity, human dignity, fairness”) so that agencies will be able to do whatever they want.

Rubin is a professor of economics at Emory University.

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