The COVID-19 pandemic, the statewide shutdown and the resulting economic consequences will have a lasting impact on Nevada. As we work to keep the coronavirus under control and rebuild the livelihoods of Nevadans, we have an opportunity to ensure the values that have made Nevada such an amazing place to… Read More
Americans spend approximately $710 billion to finance federal regulatory agencies and to comply with regulations. Passing regulations is an attractive method that makes legislators appear to be doing the public’s business. Policy-makers portray concern for various environmental, economic or social problems by handing off the authority to regulatory agencies, thus receiving two for the price of one. They give the appearance of addressing a problem without seeming to raise taxes. Such slight of hand policy-making has proven neither beneficial nor cost effective for government, businesses or citizens. Regulation was meant to reduce uncertainty, illegal activities and to help consumers and citizens make informed decisions. The result was supposed to save money and resources. In reality, the regulatory behemoth has proven to be expensive and comes nowhere near accomplishing the goals for which it was intended. Instead the regulatory beast serves to make life more difficult and the costs of its upkeep threaten the economic and social stability of the United States.
The Department of Energy continues to investigate whether Yucca Mountain is a viable location to store the high-level radioactive waste (HLRW) produced by America’s commercial nuclear reactors. Nevada’s elected officials, fully aware that their political lives depend on resistance to the Yucca Mountain Project (YMP), continue to fight the proposal. The rhetoric they employ to oppose the YMP usually features apocalyptic scenarios—fantasies of terrorist attacks or cataclysmic volcanic eruptions. It is unfortunate that YMP foes rarely advance the free-market argument that the federal government should not be responsible for disposing of waste generated by for-profit corporations. Events in Utah may bring attention to this oversight—a possible interim storage facility in the Beehive State suggests that the HLRW problem does not require a government-dominated solution.
The deregulation of electrical utilities is coming. Nevada's legislature is likely to address this issue in some fashion during the 1997 session, and return to it in the 1999 session. Many legislators voiced concerns that Nevada will be left behind: several neighboring states, including California and Oregon, have already begun the deregulation process.