Cato Daily Podcast
Federal Regulation and the 'Department' of Government Efficiency (DOGE)
Nov 25, 2024
Willie Yeatman, a Senior Fellow at the Pacific Legal Foundation, shares his expertise on the complexities of federal regulation and the proposed Department of Government Efficiency. The discussion highlights the skepticism surrounding real change within the entrenched administrative state and the necessity for congressional involvement in meaningful deregulation. Yeatman also discusses the barriers established companies pose against reform and underscores the critical role of judicial rulings in navigating regulatory challenges, emphasizing accountability and cooperation in governance.
15:56
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Quick takeaways
- Radical reductions in federal regulations are hindered by deep-rooted bureaucratic complexities and the political environment that favors existing regulatory frameworks.
- Effective reform requires significant congressional action, such as proposals like the RAINS Act, to regain oversight and accountability of regulatory processes.
Deep dives
Challenges of Implementing Regulatory Changes
Significant hurdles exist in the quest for radical reductions in federal regulations, as highlighted in the discussion. It is acknowledged that a quick change in the administrative state is unrealistic due to the complexity of the existing regulatory framework. The need for talented individuals who can navigate the bureaucratic landscape is emphasized, as many past efforts have fallen short despite high expectations. As the speakers note, convincing the public or businesses to support deregulation is challenging, especially when those already complying with regulations see them as protective barriers against competition.
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