Federal regulations have entangled far too many aspects of our economic system. In far too many cases, Government regulation has become counterproductive and remote from the needs and interests of businesses and consumers alike.
The rhetoric is neither especially rousing nor original. Yet for the past nine months, whenever Gerald Ford has launched into his attack on the abuses of the federal regulatory agencies, his audiences—big businessmen, local storekeepers, ordinary consumers—have jumped up and cheered wildly. Two weeks ago, when the President delivered his bust-the-bureaucrats message at a small-businessmen's convention in Washington,...
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