Veronique de Rugy on Pointless Regulation Crippling Economic Innovation
In 2014, the government issued 2,400 new regulations, including 27 major rules that may cost $80 billion or more annually. They range from forcing restaurants to list the number of calories in food—even though past experiments have revealed that such measures fail to change consumers' behavior—to reducing consumer choices and increasing energy prices by imposing tighter energy efficiency mandates on the plugs that we use to charge cellphones, laptops, and even electric toothbrushes. Veronique de Rugy explains how pointless regulations cripple innovation and slow economic growth.