Trial-and-error decision-making could provide great benefits to regulators.
Precise statutory language corresponds to better benefit-cost analysis and more consistent judicial review.
Regulators need a new system for responding to evolving market forces.
External and internal capture may be reduced through a more logical division of labor between Congress and agencies.
Commentator offers ideas for regulatory reform with bipartisan appeal.
Trade talks could help improve regulatory policy in both the U.S. and EU.
Coordination between the U.S. and the EU can foster better trade and improved outcomes.