The popular narrative is that demographics are driving Japan's declining worker productivity. But the real culprit is government regulations and a lack of entrepreneurship.
The shortages and lack of flexibility caused by government red tape during the COVID-19 crisis has forced many governments to rethink their many arbitrary and unnecessary regulations.
Many Americans could die in the coming weeks and months thanks to the FDA’s blockade on coronavirus testing. Should we consider those victims as martyrs for the principle of bureaucratic supremacy?
Federal agencies have destroyed the separation of powers that is supposed to exist in the US legal system, so agency bureaucrats now act as investigators, prosecutors, judges, and juries.
The less agile and adaptive a society is, the more severe its impotence in a crisis. Thanks to an obsessive reliance on monetary policy to fix every problem, our society has increasingly abandoned innovation and productivity.
Despite the fact that the CDC’s formal name includes the word “Prevention” and that its stated goals include various planning buzzwords, its managing of the COVID-19 response has been an unmitigated disaster.
Eurocrats might be able to get tables in their favoured restaurants more easily while national governments take it on the chin. But this is a temporary situation which could easily evolve into a threat against the union.
Since politicians increasingly use tax law as a means of regulating American life, the IRS has become a supercharged regulatory organization that goes far beyond just collecting taxes.
Unlike in the federal government, some small bits of progress have been made against the regulatory regime at the state level
