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Pethokoukis, Economics, Regulation

How to keep government from stalling the driverless car

Given that (a) driving errors and accidents cost $300 billion and 34,000 lives a year, and (b) traffic congestion caused drivers to spend an extra 5.5 billion hours on the road and purchase an extra $121 billion gallons of fuel … well, you could say driverless cars could potentially be a pretty big deal. That, if the government doesn’t put a regulatory hammerlock on this emerging technology. read more >


Where is our Tomorrowland?

A 2013 study from economists John Dawson of Appalachian State University and John Seater of North Carolina State University, “Federal Regulation and Aggregate Economic Growth,” estimates that the past 50 years of federal regulations have reduced real GDP by roughly two percentage points a year, or nearly $40 trillion. Basically, we would have the US economy of 2080 right now. Maybe we would have Tomorrowland? read more >