Is a phrase from the WSJ regarding driverless cars but it could have been commercial drones, DNA testing, Uber, AirBnB, Lyft or any number of other innovations stymied by America's many layers of venal, manipulative bureaucracy.
John Cochrane argues and I agree that it isn't a Keynsian shortage in aggregate demand that's slowed growth to a crawl, rather it's an effusion of restrictive regulation and rent seeking by the incumbents that own the regulators. In short, it's Friedmanite sand in the gears that is crushing the life out if our nation. More at the link.
http://johnhcochrane.blogspot.fr/2014/05/the-cost-of-regulation.html?m=1
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