It’s Time For Congress To Take Out America’s Regulatory Trash
The Federalist cites CEI on yearly regulations:
According to the Competitive Enterprise Institute (CEI), 2019 was the only year on record in which the federal government adopted fewer than 3,000 new regulations. That year was close, with 2,964 new regulations, bringing the grand total to more than 1 million federal regulatory restrictions. On top of these federal regulations, the average state has some 135,000 regulatory restrictions on the books.
Just as no one string bound Gulliver, otherwise useful rules can thwart productive economic activity when added to already-mammoth regulatory burdens. Regulations can serve a legitimate public interest, but in the most highly regulated market environment in American history, an otherwise legitimate regulation can be the straw that breaks the camel’s back. Just ask the former Stellantis auto workers about the pain of regulation.