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Regulations Gone Wrong

Peter Van Doren talks about regulatory failure in markets, specifically phone service, banking, electricity, internet, and health care.

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Aaron and Trevor talk with Peter Van Doren about regulatory failure in markets, specifically phone service, banking, electricity, internet, and health care. Van Doren shows how regulation in these markets works as a hidden tax by cross-subsidizing competing services and distorting real prices.

Who loses when regulations have unexpected consequences: the companies or the consumers the regulations are meant to protect?