text: Regulatory reform does not mean a world without regulations. Instead, the next Administration should address pressing fundamental problems in the current regulatory state. Too many regulations are written on the premise that any amount of risk is too much. Regulatory agencies commonly underestimate or ignore costs, exaggerate environmental benefits, and push constitutional boundaries. Agencies increase the stringency of existing regulations that produce minimal if any environmental benefits. Agencies also use the regulatory process to micromanage customer choices, from the energy efficiency of microwaves to fuel efficiency mandates.