The Houstonian highlights Wayne Crews's annual report on the cost of federal regulations.
Regulatory barriers to trade – not only on the federal level, but on the state and local levels as well – routinely hamper and drive up the cost of doing business of all kinds. “During the 2013 fiscal year, Washington issued more than 3,600 regulations,” Wayne Brough, chief economist and vice president of research at Freedom Works, wrote on the Real Clear Markets website. Government regulations are expensive, and according to “Ten Thousand Commandments,” the Competitive Enterprise Institute’s survey of federal regulations, “the cost of federal regulation exceeds half of what the U.S. [sic] federal government spends annually.”
Read the full article at The Houstonian.