The Economist AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The Federal Railroad Administration insists that all trains must be painted with an ldquo;Frdquo; at the front, so you can tell which end is which. Bureaucratic busybodies in Bethesda, Maryland, have shut down childrenrsquo;s lemonade stands because the enterprising young moppets did not have trading licences. The list goes hilariously on.But red tape in America is no laughing matter. The problem is not the rules that...