The Arc of Regulation, Yesterday and Today

Big things are afoot in the world of federal regulation. While the media and liberals (but I repeat. . .) obsess over Trump’s tweets and other unconventional speech acts, the Trump Administration is quietly but determinately going about the task of, in Steve Bannon’s words from February, “deconstructing the Administrative State.” Certainly they are rolling back old regulations and stopping new ones at a rate not seen since the best days of the Reagan Administration.

Much remains to be done on a fundamental level, about which much more in future posts. But I came across this very nice short video from the Federalist Society featuring my regulatory rabbi and former boss Chris DeMuth, reviewing the first great wave of deregulation back in the 1970s and 1980s. I have the sense that we’re in the midst of another such moment today: