The cost of regulation

Political discussion in the US has become so polarized that questions about regulation evoke countercharges about the questioners' alleged dislike of government. Yet it's possible to like government in principle while disliking unbridled governance in practice. Unbridled governance manifests itself as questionable regulation. And questionable regulation manifests itself in work not performed and high cost. The American Action Forum (AAF), which seeks a "smaller, smarter government that will serve its citizens better," estimates the administration of President Barack Obama has implemented regulations that ultimately will cost more than $488 billion. That's more than the US gross ...

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