Federal Regulations Make You a Lot Poorer: New at Reason
New study finds that U.S. economy is $4 trillion smaller due to over-regulation
Is America's accumulating pile of regulations slowing down economic growth? According to a new study from the Mercatus Center at George Mason University, the answer is yes: Thanks to regulatory drag, the U.S. economy is $4 trillion smaller than it otherwise would have been. It turns out that money and brainpower spent on bureaucratic compliance cannot be invested in innovative technologies, processes, and procedures that boost productivity, create new companies, and speed up economic growth. Who knew?