56sec snip

"Econ 102" with Noah Smith and Erik Torenberg cover image

The 'Be Careful What You Wish For' Episode

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

Unintended Consequences of Seeking Chevron Deference

Seeking Chevron deference as a deregulatory move led to unintended consequences for the Reagan appointees who pursued it. The Chevron doctrine was initially sought by Reagan's deregulatory regulators to interpret regulations more permissively, allowing companies more freedom. However, this move backfired as courts enforced regulations more strictly, prompting regulators to reinterpret regulations to be more permissive. Ultimately, the Reagan appointees received the Chevron deference they sought, but it resulted in a shift towards more stringent regulations, showcasing the unintended consequences of their actions.

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