Create Friction

Create Resistance

Increase Friction

Organize Fear

regulation

is a binding legal norm created by a state organ that intends to shape the conduct of individuals and firms.

So what does regulation mean' We return to the starting point the intuitive understanding of the word 'regulation': government intervention in the private domain or a legal rule that implements such intervention. The implementing rule is a binding legal norm created by a state organ that intends to shape the conduct of individuals and firms.22 The state organ, the regulator, may be any legislative, executive, administrative, or judicial body that has the legal power to create a binding legal norm.

is an agency statement of general applicability and future effect, which the agency intends to have the force and effect of law, that is designed to implement, interpret, or prescribe law or policy or to describe the procedure or practice requirements of an agency.

For example, Executive Order 12,866, which requires federal agencies to engage in cost-benefit analysis when 'deciding whether and how to regulate,' defines 'regulation' as 'an agency statement of general applicability and future effect, which the agency intends to have the force and effect of law, that is designed to implement, interpret, or prescribe law or policy or to describe the procedure or practice requirements of an agency.'

is broader than 'restriction' and refers more to rules promulgated by administrative agencies and laws that serve interest groups.

This general definition is broader than 'restrictions,' 'rules promulgated by administrative agencies,' 'laws that serve interest groups,' and related common perceptions of the word 'regulation.'

is, for democrats, such that regulators are believed to possess sufficient knowledge to act effectively and are primarily concerned with protecting the interests of everyday financial consumers and investors.

Many Democrats Assert that regulators possess sufficient knowledge to act effectively and are primarily concerned with protecting the interests of everyday financial consumers and investors.

is, for republicans, problematic in that regulators are often believed to lack expertise and to be concerned primarily with increasing their own power and resources.

Many Republicans Charge that regulators lack expertise and are concerned primarily with increasing their own power and resources.

is, in short, corruption, government intrusion into market efficiencies.

Corruption is government intrusion into market efficiencies in the form of regulations. Milton Friedman

is the act or process of controlling by rule or restriction.

Black's Law Dictionary, defines 'regulation' as 'the act or process of controlling by rule or restriction.

regulation, n.All

regulation