TSA and the Obama-Bush Approach to Regulation

The public debate about intrusive TSA screening continues the Obama-Bush pattern of imposing an increasing burden of regulation on a staggering economy:

*Why, precisely, would you want to make air travel more unpleasant and time-consuming at a time when disposable income is falling????*

Disposable income per person, in real terms,  is at its lowest level since March,  and the TSA is coming in with a massive wallop.  Oh, yes, there are good reasons…but there are always good reasons for new regulations

Each new regulation is like throwing a small rock in a stream. One rock, two rocks, ten rocks don’t make much of a difference–but with enough rocks,  you can stop the stream from flowing.

I ran this chart a few days ago, but it’s worth running again.

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About Michael Mandel 126 Articles

Michael Mandel was BusinessWeek's chief economist from 1989-2009, where he helped direct the magazine's coverage of the domestic and global economies.

Since joining BusinessWeek in 1989, he has received multiple awards for his work, including being honored as one of the 100 top U.S. business journalists of the 20th century for his coverage of the New Economy. In 2006 Mandel was named "Best Economic Journalist" by the World Leadership Forum.

Mandel is the author of several books, including Rational Exuberance, The Coming Internet Depression, and The High Risk Society.

Mandel holds a Ph.D. in economics from Harvard University.

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