Posted on 04/27/2016 3:52:11 AM PDT by IBD editorial writer
Red Tape: Economists scratch their heads when asked to explain the economy’s tepid growth over the past several years. A new study gives a possible answer: the growing, cumulative burden of federal regulations.
(Excerpt) Read more at investors.com ...
Awaiting the Trump economic boom!
However, that 25 percent of extra wealth would have , by necessity, gone to the wealth generators and creators and that is not the desired outcome.
That’s what OWS argues.
Prosperity is irrelevant. It is all about power and control and the socialist goal of the equal distribution of misery.
Exactly. With those regulations, the favored few got richer and saw the potential competitors eliminated.
I’ve often wondered if the miracle of WWII production came from the true believers in FDR’s administration backing off of their regulatory stranglehold on the economy. They figured ideology suddenly wasn’t as important as survival. By easing off, it allowed American grit to combine with patriotic fervor to do what a free market does naturally - innovate.
It’s a taller hill to climb this time due to the great PR that the greenies get. Regulation hides costs imposed by government. Even more importantly, regulations are imposed by bureaucrats that can’t be voted out.
I’ve done federal regulatory work for 30 years. I think that number is way low, maybe 100% low. The only way to get a number that low, in my opinion, is by counting the cost and effect of regulations on existing businesses. However, there are countless new businesses that never g.ot started due to the regulatory burden. You can’t count them, but it was an immense loss.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.