The tension between economic liberty and the state’s power to regulate economic activity has long served as a source for landmark cases and controversies. Post-New Deal jurisprudence opened the floodgates to economic regulation. In Texas, entrepreneurs who have developed cutting-edge innovations have found themselves tangled in regulatory red tape. But one’s right to engage in economic activity free from unreasonable government interference has always been understood as being in lockstep with Texas’s independent spirit. However, critics maintain that consumer protection and maintaining a level playing field are also important goals in crafting their regulatory policies. This tension has given rise to cases and legislative battles in the Lone Star State that have garnered national attention. Will Texas continue to lead the way for entrepreneurs and innovators, and how will the regulatory state affect this trajectory? What is the proper balance between innovation and regulation? -- This panel took place on September 17, 2016, during the Second Annual Texas Chapters Conference in Austin, Texas. The theme for the conference was "The Separation of Powers in the Administrative State". -- Featuring: Mr. Arif Panju, Institute for Justice; Mr. Tim Sandefur, Goldwater Institute and author, The Right to Earn a Living; Mr. Prerak Shah, Office of Texas Attorney General; and Mr. Russell Withers, General Counsel, Texas Conservative Coalition Research Institute. Moderator: Hon. Don Willett, Texas Supreme Court. Introduction: Ms. Diane Kozub, Former Assistant United States Attorney at United States Attorney's Office.