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May 22, 2019 | Idaho Repeals Its Entire Regulatory Code

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Believe it or not, sometimes there is a glimmer of hope. The glimmer came in Idaho and stunned governments around the world. Idaho’s state legislature just opted to repeal the entire state regulatory code. The greatest problem with regulation is that it remains there forever. There are so many laws that everyone breaks every day unknowingly because the books are cluttered with antiquated regulations. The new governor is now presented with an amazing opportunity to repeal an outdated and burdensome regulatory code and replace it with a more streamlined and sensible set of rules. Other states should be paying close attention. Even the flak Trump got over revising NAFTA was a classic example of outdated rules. NAFTA predated the explosion of the internet. With online commerce skyrocketing, it was omitted from NAFTA.

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May 22nd, 2019

Posted In: Armstrong Economics

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