Aparna Mathur | AEIdeas
The official unemployment rate may be a useful benchmark, but it does not tell the whole story. You have to look beyond the headline number to understand the situation of the American workforce
by John B. Taylor via PolicyEd
Regulatory capture occurs when regulatory agencies become dominated by the very industries they were charged with regulating, prompting regulators to advance the goals and interests of those industries. While regulation is necessary and can be done well, it must always be balanced against the potential for unintended consequences that harm the consumers it is intended to protect.