Fat Boy
Deregulation is going to be much more difficult than people assume.
From the comments (on regulation)
It used to be the case that if you were overweight, it would take discipline and time to get rid of the unwanted weight. It took years to put it on. It’s not going to come off quickly.
Now, there are the GLP-1 drugs like Ozempic.
Deregulation is going to be like shedding the fat. It’s going to take discipline and resources.
What would be the equivalent of Ozempic for slimming down the regulatory leviathan?
‘I think that I am one of the few federal bureaucrats who openly engage in the comment section here. I have worked in two different federal agencies.
‘At one agency, I was a rule writer. That is I worked with a team to develop regulations and then I wrote the proposed and final rules to promulgate or remove regulatory text in the code of federal regulations. Depending on how much public input the agency sought in the development phase, regulation changes could take a decade or more to do. Once the proposed regulatory language was developed, writing the proposed rule, getting the rule through the many layers of clearance at the department and then at OMB at the White House could take 2-5 years. And then comments have to be analyzed (nothing like reading thousands of comments including ones where they wished death on me and my children), a final reg text developed, the final rule written and then going through the clearance process again. A final rule could move faster if it was a political priority, but I have seen these taken up to 2 years as well.
‘Removing regulations requires just as much time and clearance. In order to massively deregulate, the agencies would require an increase in the state capacity for rule writing and the clearance process.’
AI Regulation Is Coming. Fortune 500 Companies Are Bracing for Impact.
Companies continue to move forward with AI initiatives despite acknowledging the risk in public disclosures of regulation that impairs their ability to exploit the technology.
AI is that important.
‘The inability to predict how regulation takes shape and the absence of a single global regulatory framework for AI creates uncertainty, credit card company Visa said in its annual report.’
When President Obama killed the NASA crewed flight program called Constellation, it was seen as the end.
Ironically, private sector players entered the vacuum and NASA was forced to deal with them, resulting in space flight “at a fraction of the cost of previous government owned and operated systems.”
I wonder if that was the intended consequence.
‘In her forthcoming book Bureaucrats and Billionaires, former NASA deputy administrator Lori Garver and reporter Michael Sheetz trace the origins of NASA’s commercial crew program, a revolutionary human spaceflight program that joins private aerospace manufacturers such SpaceX and Boeing with NASA’s astronauts.’