Agency growth: Tightrope between guidance and rule-making

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Growth of the administrative state means nearly no American is untouched by regulation of some kind. That’s why agencies have to be careful when treading between guidance and rule-making. It might sound arcane to the average person, but it actually has enormous impact on the economy and whether people think the government is acting fairly. Nick Parrillo, a professor at the Yale Law School, joined Federal Drive with Tom Temin with highlights of a deep-dive look at the guidance in question.