Fred DeLuca, founder and president of the Subway sandwich chain, doubts he would have made it in today’s business environment [Washington Free Beacon]:

It’s continuously gotten worse, because there’s more and more regulations. It’s tougher for people to get into business. Especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the ’60s when I started. I just see a continuous increase in regulation.

Filed under: regulation and its reform, restaurants