National Review highlights Wayne Crews’ calculated cost of regulation from his annual Ten Thousand Commandments report.
While a regulatory improvement commission would help lower the economic drag from decades of regulatory accumulation, more needs to be done to reverse the destructive effects that the autopilot nature of federal regulation has on the economy. The Competitive Enterprise Institute’s Wayne Crews estimates that federal regulations cost the economy $1.9 trillion each year, which is larger than Canada’s entire economy and comes out to about $15,000 per U.S. household. The Trump administration could begin to turn the tide by supporting the REINS Act.
Read the full article at National Review.