by Becki Gray
Former Senior Vice President, John Locke Foundation
Here’s the question: What is the appropriate balance of federal and state regulatory requirements on business and the economy?
Thank you Jon Sanders for a great answer:
Burdensome regulations have a proven effect of hindering economic growth, and that’s not just bad for businesses, it’s bad for job-seekers and also for state and local revenues. Regulations need to be light and nimble. Policymakers should have a “First, do no harm” approach to regulations. Where regulation is needed to meet a proven state need to protect people’s health and safety, it should be narrowly tailored to address that need alone. By default, state regulations should not exceed federal regulations — but if state policymakers see a clear need for stricter regulation than provided by the federal government, that choice should be made by legislators in public debate instead of by unelected bureaucrats.