Congress Must Halt The Ascendance Of Regulation By Subsidy

Excessive regulation is one of those perennial Washington issues, which makes sense given that Washington pops out new rules like chocolate bunnies. A report inbound from the National Association of Manufacturers pegs the cost to the economy of regulatory compliance at over $3 trillion annually.

On a brighter note, though, some observers appear optimistic that court victories to limit Administrative State ambitions that have exceeded its congressionally delegated bounds are in the offing. But what if hyper-regulation remains a fixture in the economy and society regardless?

That’s where we appear to be headed. The regulatory liberalization and restoration of laissez-faire to which some may aspire cannot survive given the sweeping federal subsidy regimes that increasingly envelop the economy, and that grow alongside regulations.

Read the full article on Forbes.