Chelgren, Anders, chapter 13, question 6

"Excessive regulation goes hand and hand with corruption" I found the passage interesting regarding the link between high government regulation and corruption rates. I think it's only natural that people in power, with little accountability, will abuse their power. It's no secret that power corrupts and absolute power corrupts absolutely. By creating unclear laws and setting up many hoops to jump through, governments slow economic growth. Just like in the given example about a clothing stall, people cannot afford to waste their finances or their time following the proper legal channels forcing them to choose between bribing an official and not having a store. We are fortunate in America to have a accountable government. We need to protect this by limiting government regulation to only where it is totally necessary. Also, transparency and accountability between officials and the public is important for economic growth and personal freedoms alike.