“THE TEN THOUSAND COMMANDMENTS” AND THE COST OF NORMATIVE INFLATION
Legislative and regulatory inflation comes at a high price. How much, exactly? It is difficult to say, but any public policy that claims to be reasonable should at least try to anticipate and evaluate these costs, which by their nature and effects are comparable to a tax. The Washington, D.C.-based Competitive Enterprise Institute has estimated the cost of U.S. federal regulation at $1939.2022 billion for and identifies mechanisms that would curb this inflation.
Wayne Crews is cited in Irefeurope about it’s 10,000 Commandments Publication:
Faced with this impotence of the public authorities, it is urgent that civil society, in particular through its think-tanks, take up the baton and this is why we are grateful to the economists of the Competitive Enterprise Institute (CEI) for the immense work they are doing and which allows them, for the 28th consecutive year, to publish their report on the cost of federal regulation in the United States; a report aptly titled “The Ten Thousand Commandments.”
Read the full article on IREF Europe.