In fields from land-use planning to drug development to labor relations, says the NYU law professor, “[e]xcessive regulations cause private firms to displace creative officers and entrepreneurial executives with the dull masters of compliance.” [Hoover Institution "Defining Ideas"]
Chronicling the high cost of our legal system
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Schools for Misrule
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Dull masters of compliance – great phrase. It amazes me that after the astounding economic and technological triumphs that two centuries of individual liberty and capitalism have brought to America, that Americans today think that the path to prosperity in the future lies in placing cautious, dull, and risk-averse bureaucrats in charge of everything.
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