Jun 1, 2015

Federal regulation and intervention cost an estimated $1.88 trillion in 2014

Cost of government: Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices, according to "Ten Thousand Commandments," by the Competitive Enterprise Institute. If U.S. federal regulation was a country, it would be the world's 10th largest economy, ranking behind Russia and ahead of India. Given that our total national economy is somewhere in the $18 trillion range (GDP was listed as $16.7 trillion in 2013), government regulation adds 10% to the cost of all goods and services produced in the country. You can read the article "Ten Thousand Commandments" at Cost Of Government Regulation And Intervention – D.R.
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https://cei.org/10kc2015