- Sep 19, 2011
- 28,417
- 10,005
- 900
Is there any logical reason why we need more laws? More regulations?
Is there any logical reason the tyranny of the EXCEPTION is now forcing EVERY minute, rare event or issue has a law and regulations?
What stupid group of people totally depend on a superior group telling them how and where to do everything from womb to tomb?
Another crude measure of regulation or deregulation is to count the number of pages in the U.S. Federal Register.
The Federal Register is the governments daily publication of new and proposed rules.
Some of the rules are trivial and some have large impact; some are proposed and some are final; some are clarifications and some are new. But cumulatively the Registers increasing or decreasing bulk tells us something about regulatory trends.
For the last generation, here are the Federal Registers total page counts for selected years:
1980s: 52,992 pages per year average.
1990s: 62,237 pages per year average.
2005: 73,870 pages.
2010: 81,405 pages.
Stephen Hicks, Ph.D. » Deregulation? The Federal Register?s size
So using the above averages there have been added since 1981 to 2010 a total of 2,667,365 pages of rules, regulations since 1980.
"In 2009 federal regulation cost businesses and consumers $1.75 trillion, or nearly 12% of Americas 2009 GDP.
As a comparison, in the same year, corporate pre-tax profits for all businesses totaled about $ 1.46 trillion.
The Hidden Cost of Regulation | FreedomWorks
So what value add to our economy would there be IF THESE compliance costs were reduced by half?
That would mean nearly $1 trillion a year spent in the economy!
The economic multiplier states for every $1 million spent is multiplied by 1.18 or the economy grows in 1 year by $1 trillion!
If the economy grew by $1 trillion that means 6 million new jobs!
www2.econ.iastate.edu/research/webpapers/paper_13143.pdf
Is there any logical reason the tyranny of the EXCEPTION is now forcing EVERY minute, rare event or issue has a law and regulations?
What stupid group of people totally depend on a superior group telling them how and where to do everything from womb to tomb?
Another crude measure of regulation or deregulation is to count the number of pages in the U.S. Federal Register.
The Federal Register is the governments daily publication of new and proposed rules.
Some of the rules are trivial and some have large impact; some are proposed and some are final; some are clarifications and some are new. But cumulatively the Registers increasing or decreasing bulk tells us something about regulatory trends.
For the last generation, here are the Federal Registers total page counts for selected years:
1980s: 52,992 pages per year average.
1990s: 62,237 pages per year average.
2005: 73,870 pages.
2010: 81,405 pages.
Stephen Hicks, Ph.D. » Deregulation? The Federal Register?s size
So using the above averages there have been added since 1981 to 2010 a total of 2,667,365 pages of rules, regulations since 1980.
"In 2009 federal regulation cost businesses and consumers $1.75 trillion, or nearly 12% of Americas 2009 GDP.
As a comparison, in the same year, corporate pre-tax profits for all businesses totaled about $ 1.46 trillion.
The Hidden Cost of Regulation | FreedomWorks
So what value add to our economy would there be IF THESE compliance costs were reduced by half?
That would mean nearly $1 trillion a year spent in the economy!
The economic multiplier states for every $1 million spent is multiplied by 1.18 or the economy grows in 1 year by $1 trillion!
If the economy grew by $1 trillion that means 6 million new jobs!
www2.econ.iastate.edu/research/webpapers/paper_13143.pdf
