The US Treasury Corrects An Article On Regulation In The Economist

This letter from the US Treasury to The Economist argues that the evidence that it used in an article on the cost of regulation was inconsistent with the evidentiary quality that one has come to expect from The Economist. A careful use of the evidence in the study cited by the article in The Economist would show that the Obama Administration has not placed a regulatory burden on business.

This is the second memo from the Treasury in the last week which makes an effort to defend Administration policy. It appears that the Administration has learned how to use some of the weapons available to the President. The Bush Administration took full advantage of its control over federal agencies.