The longstanding debate about government oversight is giving way to a new understanding of how to craft more effective industry regulations.

Read theChicago Booth Reviewarticle,Why Less Regulation Isn't Necessarily Betterby Brian Wallheimer.

Then, in your initial post to this discussion,respond to oneof the following prompts based on what you've learned in this module:

Option 1:

• Identify the type of regulation being discussed in the article. Is it economic or social?
• Firms in industries that are subject to regulation often lobby against the removal of regulatory controls. Why might a firm be better off if regulations are left in place than if they are removed?

Option 2:

• Identify the type of regulation being discussed in the article. Is it economic or social?
• What were some of the major fears of those who opposed the regulation of industries? From the evidence so far, were these fears justified?