Tyler Cowen writing for the New York Times quoted PPI’s Michael Mandel, chief economic strategist, on how over regulation is an impediment to the development of the economy. In the article, Mandel explains the combined negative effect of seemingly small inhibitions:
“Michael Mandel, an economist at the Progressive Policy Institute, compares many regulations to “pebbles in a stream.” Individually, they may not have a big impact. But if there are too many pebbles, a river’s flow can be thwarted.”
Read the entire New York Times article here.
