InsideSources highlights CEI’s coalition letter’s estimation of regulatory costs from the Department of Labor.
Those opposed to the last administration also hope the new labor secretary will help bring balance back to the department. The Competitive Enterprise Institute noted in a coalition letter the department imposed $55.7 billion in regulatory costs on employers during the last administration.
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Fred Smith is the animating spirit at the Competitive Enterprise Institute. Fred conceived of the idea for an organization that would, in his words, “find a more positive answer to the challenge Joseph Schumpeter laid down in his essay, “Can Capitalism Survive?” He founded the organization and served as president for nearly three decades.
He died at the age of 83 at home in Maryland where he is survived by his beloved wife Fran. Fred was a friend and mentor, an advocate and ally, and an inspiration. His bright light lives on in our work.
Fred Lee Smith
December 26, 1940 – November 23, 2024