On this week’s episode Paul discusses an innovative approach to regulation that comes to us from Utah that has been embraced by red and blue states alike. The idea is the creation of “regulatory sandboxes” which allows live, time-bound testing of innovations under a regulator’s oversight. Paul discusses the issue with Rees Empey, Director of State Govt. Affairs at the Utah-based Libertas Institute and Brian Knight is the Director of the Program on Financial Regulation at the Mercatus Center based in the DC area.
The “Sandbox” issue has bipartisan support in the New Mexico Legislature having been introduced by Democrats in the 2023 session.