Revive democracy by squashing a few needless regulations

My latest in the Pierre Capital Journal is here.  A taste:

If one wants a depressing read and Sylvia Plath poems aren’t enough, one should go online and find the Annual Snapshot of the Federal Regulatory State put out by the Competitive Enterprise Institute. Even the summary of the report is enough to make you want to put your head in the stove.

According to CEI, federal regulations cost the American people about $1.8 trillion every year. Each family in America pays over $14,000 a year in regulatory costs. Nearly everything you buy, from your mattress to your Cheerios, is regulated by the federal government, and that costs money.

The government is prolific in its production of regulations. CEI notes that in 2012 a new regulation was produced every two and a half hours. Most of these were not passed by Congress, but were rules promulgated by regulatory bureaucracies. In 2012 alone, Congress passed 127 regulations, but federal bureaucrats produced 3,708 new rules.

Read the whole thing.

Comments

[Donald Pay]

How much do the regulations save the American people? My guess is there the regulations save Americans 10 to 100 times what they cost.