Articles
The Hidden Cause Of The Industrial Revolution
What if the Industrial Revolution began not with steam, but with property rights?
August 17, 2026 • 72 Min Watch
Published August 7, 2026
The Code of Federal Regulations has expanded from fewer than 10,000 pages in 1950 to more than 100,000 pages today, imposing costs that accumulate through higher prices, reduced innovation, and slower economic growth. Because the regulatory system is designed to keep expanding, lasting reform requires more than periodic deregulation. Congress should approve the costliest rules, agencies should conduct rigorous cost-benefit analyses, and a permanent office should keep regulatory reform on track across administrations.
Related Sources:
- Read "The Four Pillars of Regulatory Reform" by Patrick A. McLaughlin here.
- Read "Regulations as Infrastructure" by Patrick A. McLaughlin here.
- Read "Unsnarling the Red Tape" by Patrick A. McLaughlin here.
Visit Patrick A. McLaughlin's profile here.
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The opinions expressed in this video are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.
© 2026 by the Board of Trustees of Leland Stanford Junior University.
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Patrick A. McLaughlin
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