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That paper actually points out that costs have been widely overestimated. It also points out that estimating the costs is very difficult and a lot of estimates
by cbsmith 10y ago
That paper actually points out that costs have been widely overestimated. It also points out that estimating the costs is very difficult and a lot of estimates out there are pretty hand wavy and/or just made up.
- jessriedel 10y agoIt also says "Overall, they find that the efficiency cost due to economic regulation is large and that the benefit from social regulation is positive but small."
- cbsmith 10y agoNote the first part is "economic regulation" and the second part is "social regulation".