Ohio State

Bottling the Genie

Why deregulation is easy and reregulation is hard.

Even with convincing evidence that deregulation has failed to deliver promised benefits, efforts to restore public oversight face tough resistance. The reasons involve policy inertia—and blind faith in free markets.

No Going Back

Free markets are not a fad.

Half-hearted deregulation hobbles the forces of supply and demand before they can get out of the gate.