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Some businesses fail, and people lose jobs. So politicians say, “We must protect workers!” Some states expanded the WARN Act, making it harder to lay off workers. But there’s a downside to protection, says economist Allison Schrager. “There is no prosperity, no growth … no ‘upside’ without risking loss.” Schrager’s new book “Worth the Risk” argues that government protection now makes us less safe and less prosperous because the rules deter the risk-takers who create better things. Tightrope walker Nik Wallenda won fame walking high wires over cities, the Grand Canyon and even an active volcano. Yet in my new video, he says, “What really scares me now are governmental rules.” He worries that endless rules will bankrupt his circus. “It’s just unbelievable! They tell us who we have to use to dump our trash … We’re now required to have three sheriffs on staff the entire time.

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