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President Donald Trump signs an executive order aimed at reducing regulations at the White House earlier this week. In a high-profile attack on growth-killing red tape, President Donald Trump this week ordered that any agency issuing a new rule find two to repeal.

He will likely discover that the only thing harder than getting something done in Washington is getting it undone.

Vast swaths of rules are untouchable because Congress ordered them to be written or the president himself demanded them. Finding rules to repeal is a tedious and time-consuming affair that usually yields tiny savings, mostly in reduced paperwork. Ultimately, rules are passed because they have benefits, from cleaner air to fewer terror attacks, that voters or presidents aren’t willing to forgo.

The first president to tackle the leviathan was Jimmy Carter who proposed a “regulatory budget” to limit the financial burden of new rules. Every…

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How Much Wealth Accumulated In Ten Seconds

The numbers are astounding, and hopefully help to create perspective on the scale of technology and business.  In just 10 seconds, close to 225,000 GB of data is transferred, with over 500,000 posts on Facebook, 57,000 tweets, 46,000 searches on Google, and 2 million messages sent on WhatsApp. 

There is no question that the most profound factor affecting modern life is the ability to replicate and store data at almost no cost. This revolution in information has provided us with a wealth of benefits and possibilities for an incredibly low marginal price.

At zero cost, we can connect to a global store of all human knowledge. New apps with impressive features can cost less than a dollar, and our monthly Netflix subscriptions hardly register on our credit card statements. Meanwhile, we share our thoughts about the world with our friends and family at no cost through social…

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