Duke professor Michael Munger's recent article for the American Institute for Economic Research urges caution about a rather blithe attitude we've seen lately to toss over social and political institutions without a second's thought.
A ban on fracking would be asinine. It would be self-destructive, devastating to the economy, a gut punch to the poor, and practically ineffective to do anything about climate change. It's also something Vladimir Putin has been working for years to bring it about.
Since regulation is fraught with red tape and overregulation, both of which are harmful to job creation and the state's overall economic health, we favor a menu of reforms and good-government policies.