A Book Review by Professor James Kwak
The Economists’ Hour
False Prophets, Free Markets, and the Fracture of Society
By Binyamin Appelbaum (New York Times)
Centralized Regulatory Review conducted by the Office of Information and Regulatory Affairs(OIRA) in the Office of Management and Budget has been in existence half a century. Periodically either an incumbent or an incoming Administration examines centralized regulatory review with the objective of ensuring that the existing process complies with recent advances in science, law and economics.
A recently published paper describes a review of the aforementioned process and has made the following recommendations. A video of the ten minute presentation begins at minute 3:30.
