Back in 2003, Michael Lewis wrote “Money Ball,” a book about how an Oakland, CA baseball team under head coach Billy Beane used player statistics to hire team members that gave them the greatest chance of a championship season at the lowest cost. So by 2009 it was pretty clear what was coming when President Obama’s chief regulator, Cass Sunstein, began talking about how federal regulators should act less than green eye-shade bean counters and more like Billy Beane. Sunstein was going to base regulatory philosophy on statistics and cost/benefit analysis. On its face, that doesn’t sound like a bad thing. Read the full article on the NCPA blog.