• The new government has announced a wave of deregulation.
• There is a simple reason for the increase in regulation, which is the increase in complexity of modern economies.
• Markets are rejoicing at the prospect of deregulation, which can indeed increase growth.
• But we should not lose sight of the fact that it can also entail unwanted side-effects which regulations often try to minimize.
• The regulatory process is a bigger candidate for cleaning up than regulations as such as we need a pro-market policies, not pro-business policies.

Growth At All Cost?