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So we're living in an economy with no regulations, enabled by a strong but limited government dedicated to protecting the individual rights of its citizens and
by maxharris 13y ago
So we're living in an economy with no regulations, enabled by a strong but limited government dedicated to protecting the individual rights of its citizens and absolutely nothing more?
The author is so far off the mark here, that I'll stop with two charts that show that we don't have anything close to an unregulated economy.
As a proxy for the size of our economy's regulatory burden, here's a chart showing the length of the federal register, in pages: http://research.columbian.gwu.edu/regulatorystudies/sites/default/files/u43/2014-3_FR%20pages_webimage2013.jpg http://research.columbian.gwu.edu/regulatorystudies/sites/de...
Here's a chart showing the inflation-adjusted budget spent just on administering those regulations:
http://research.columbian.gwu.edu/regulatorystudies/sites/default/files/u43/Budgetary%20Cost%20of%20federal%20regulation%2C%20gwu.jpg http://research.columbian.gwu.edu/regulatorystudies/sites/de...
Here's the context for both of those charts: http://research.columbian.gwu.edu/regulatorystudies/regstats http://research.columbian.gwu.edu/regulatorystudies/regstats