1/2 @RichardAEpstein. Our regulatory agencies and their abduction by “interests.”

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Our regulatory agencies and their abduction by “interests.”  @RichardAEpstein

Theory of Regulatory Capture* by the Regulated. Richard A Epstein, Tisch Professor of Law NYU Bedford Senior Fellow; Hoover Institution; senior lecturer, University of Chicago Law School.   @RichardAEpstein

* Regulatory agencies come to be acquired by the interests they regulate and not by the public interest.