CEI Podcast for July 7, 2011: How Much Does Regulation Cost?
One federal government study says federal regulations cost $1.75 trillion. Another says it’s $62 billion. That’s a difference of almost a factor of 30. Vice President for Policy Wayne Crews compares the two, and talks about the hazards of calculating regulatory costs and benefits. As it turns out, $1.75 trillion might be an understatement.