Diane Coyle, “Three Cheers for Regulation”
For some years now, the Monthly Barometer has been arguing that more regulation is coming. This short article makes our case by explaining in simple terms why contrary to the simplistic view that regulation is inevitably bad for business, there are three important channels through which it can benefit an economy: (1) its market-creating and market-growing role; (2) its ability to enable competition (counter-intuitive but often true); (3) its ability to protect consumers. The question is not whether regulation is good or bad, but whether it is well or badly designed (reads in 7-9 min).

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