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The Lingering Effects of Regulations

Yet more evidence that when “there ought to be a law” carries the day, changing the law later is an onerous task. I suppose there’s something to said for having laws not flip-flop every election, but it’s also a warning against enacting new laws in the first place. “Rules governing America’s more than $200-billion-a-year retail alcoholic beverage industry can be traced back to Prohibition’s repeal in 1933.” States “have also profited handsomely from their heavy regulatory hand.”