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Topic - Melinda Warren

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  • Chart: Growth of cost of regulation

    RAHN: Costs without benefits

    If a sports league set up a permanent office with a number of lawyers to write new regulations for its particular game (basketball, for instance), what do you think would happen after a few years? The lawyer-regulators would know that if they stopped writing new regulations, whether needed or not, they would be out of a job.

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