The business of regulators is to regulate, even when it makes little sense. After all, there are jobs to protect. As a result, regulations often neglect the principle of diminishing marginal utility. (Here’s a quick illustration: The first doughnut you eat may be very enjoyable. The second, less so, and by the fourth, you may be sick.) Air and water quality in the United States […]
West Michigan Diary: Badgering the Badger