THE INNOVATION KILLERS
Which government agency has done the most to destroy innovation?
The American Founders tried to create an environment to foster innovation, because they understood new inventions would increase the well-being of the citizens. And that is the reason the Constitution enabled Congress to create patents of limited duration.
Most politicians say they favor innovation, but at the same time they create regulations, taxes and government agencies that hobble or prohibit that same innovation.
One of the most notorious innovation-killing agencies is the Securities and Exchange Commission (SEC), whose mission is to “protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”
In reality, it most often does precisely the opposite. Here’s why.















