The cost of regulations

http://www.discoverthenetworks.org/viewSubCategory.asp?id=1505 has a very good summary of the cost of federal regulations. Some highlights:

  • compliance costs are $1.8 trillion. And that doesn’t even begin to count the lost opportunity costs.
  • there are more than 81,000 pages of regulations.
  • almost 4,000 new regulations are added every year.
  • “Of the 4,225 regulations now in the pipeline, 224 are ‘economically significant’ rules wielding at least $100 million in economic impact.”

The article has many links to related info.

The high, mostly hidden, costs of regulations are a reason why I work at the state level to reduce or eliminate regulations.

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