This week we talk about the last 50 years of regulatory reform, a new study on climate adaptation, and reforms to Kentucky’s property tax system. Our guest this week is Brian Albrecht, chief economist of the International Center for Law and Economics. We talk about economic growth, happiness, statistics, and the meaning of gross domestic product, or GDP.

Free the Economy is hosted by Richard Morrison. Keep up with new episodes by following us on Twitter at @freethe_economy and read our episode summaries, with links to the stories we cover, at cei.org/blog.