CNBC highlights Wayne Crews’s calculated cost of federal regulations from his annual Ten Thousand Commandments report.
In a Friday note, Jefferies Chief Market Strategist David Zervos proposed that regulation is the “largest driver of weak investment, low GDP growth, and low equilibrium real rates.”
He pointed to a chart from the libertarian think tank Competitive Enterprise Institute that suggested roughly 10 percent of GDP is associated with the cost of federal regulation and intervention.
Regulation may be one of the areas in which businesses may soon see some relief, but the larger policy change companies are hoping for are tax cuts.
Read the full article at CNBC.