by Richard Williams
Mercatus Center
March 22, 2012
Every president has struggled to improve his management of agency regulatory authority. For 30 years, the Office of Information and Regulatory Affairs has served as a gatekeeper with limited authority. Six administrations have supported the use of quality economic analysis to inform regulatory decision-making. Simply restating this principle in executive orders and public statements has not and will not achieve the objective, all good intentions notwithstanding. Without definitive action, we risk doing the same thing over and over again expecting different results, an approach that Albert Einstein logically concluded to be the definition of insanity.
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