The Impending BitLicense and Premature Regulations
Last month, the New York State Department of Financial Services (NYDFS) announced its proposed regulations for businesses engaged in “Virtual Currency Business Activity.
A prematurely designed set of draconian rules could force Bitcoin businesses to leave New York for good, shutting out a burgeoning industry before it has a chance to develop—and leaving New York behind the rest of the market.> Read more > Interview an expert
Duplicative New Affirmative-Action Rule Drives Up Taxpayer Costs and Restricts Competition
Does it make sense to require a park campground operator that has a few hundred employees at 120 different locations to come up with 120 separate affirmative-action plans, one for each site? Just because it also receives a measly $52,000 federal contract to clean bathrooms used by tourists (which it does very cheaply, at cost, in order to make its nearby concessions more attractive)?
To any economist, the answer would be “no.” But to the Obama administration, the answer is “yes.” > Read more