The Very High Cost of Government Regulation and Red Tape

Because when smart people make great arguments regarding the burden of regulation, I feel it should be spread around.

International Liberty

In prior posts, I’ve shared some remarkable numbers on the cost of regulation.

But the long-run damage may be even worse than any of us suspected. Here are some details about a new study, as digested by Reason’s science expert.

The growth of federal regulations over the past six decades has cut U.S. economic growth by an average of 2 percentage points per year, according to a new study in the Journal of Economic Growth. As a result, the average American household receives about $277,000 less annually than it would have gotten in the absence of six decades of accumulated regulations—a median household income of $330,000 instead of the $53,000…

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About TheDougem

A budding writer and amateur podcaster, TheDougem has been an active presence on the internet for roughly four years in various mediums including livestreaming, youtube, blogtalkradio, and others. An avid fan of strategy games, discussing current events and conservative philosophy, as well as a bit of storytelling on the side.

2 Responses to “The Very High Cost of Government Regulation and Red Tape”

  1. There is a difference between regulation and blatant bureaucracy and red tape.

    • That goes without saying; but this is a question of scale, and at the moment the degree of regulation today in the US is rather extreme. And remember I’m not a ‘no government’ guy, I’m a small government guy.

      I think the article makes this point rather well.

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