The scads of rules dreamed up in Washington aren't merely annoyances that Americans simply have to learn to live with. They are hurdles to a sound and prosperous economy.

The Competitive Enterprise Institute tells us that the federal government churned out last week a new regulation at the rate of one every hour and 55 minutes.

By the end of this year, the bureaucratic machine will have produced 3,868 new regulations spread out over 78,783 pages of the federal register.