Maggie's Farm

A h/t to Insty for this good find from Epstein at Forbes: Government By Waiver: The Breakdown Of Public Administration. He begins:

The past year has marked the passage of the two most massive legislative reforms in the history of American politics: ObamaCare for health care and Dodd-Frank for the financial sector.  Their size and complexity dwarf those of any New Deal legislation.

These new laws require a stunning acceleration of the longstanding practice of relying on delegated authority to implement statutory commands.  According to its New Deal champions, this welcome division of authority could cure the manifold defects of a market economy by combining the best of democratic politics with the best of administrative expertise.  Under the new division of labor, the political branches of government set the broad direction of legislative reform, and then trust skilled administrative agencies to turn general directives into specific commands.

The sheer magnitude of the new legislative ventures has thrown this model–which, in truth, has never worked well–into disarray.

Like the man says, read the whole thing.