The Supreme Court Just Sabotaged the US Economy
The US Supreme Court's reversal of the four-decade-old "Chevron deference" doctrine is an existential threat to the core pillars of the American economic miracle: uniform rule of law and a cohesive national economy. Innovators, businesses, workers, and consumers will bear the costs.
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NEW YORK – Contrary to conventional wisdom, the Supreme Court’s reversal of the four-decade-old “Chevron deference” doctrine is potentially one of its most anti-business rulings yet. The damage to companies – especially highly innovative firms – could be profound, with serious long-term consequences for the US economy.