Thanks for the thoughtful comment. You make a good point regarding regulation. I think I would define “reducing” from an industry perspective, to wit anything that reduces the cost of compliance. In this way, industry can work to rewrite regulations in a way that don’t seem to reduce their quantity, but yet reduce their impact nonetheless.

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Mike is an Assistant Professor of Management for Legal and Ethical Studies at Oakland U. Mike combines his scholarship with practical experience in politics.

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