Study: Eliminating One Government Regulator Can Save $6.2 Million And 100 Jobs
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Study: Eliminating One Government Regulator Can Save $6.2 Million And 100 Jobs
Study: Eliminating One Government Regulator Can Save $6.2 Million And 100 Jobs
Rob Port
SayAnythingBlog
April 12, 2011
The high cost of regulation:
Obviously, some level of regulation is necessary. But beyond a certain bare, indispensable minimum the less free and less prosperous we are.
Beyond a certain level, the less the government does the better off we are.
Rob Port
SayAnythingBlog
April 12, 2011
The high cost of regulation:
In Regulatory Expenditures, Economic Growth and Jobs: An Empirical Study, the center finds that reducing the size of the federal regulatory budget by even modest amounts will have significant positive effects on both GDP and private sector growth.
“In particular,” the group says, “even a small 5 percent reduction in the regulatory budget (about $2.8 billion) would result in about $75 billion in expanded private-sector GDP each year, with an increase in employment by 1.2 million jobs annually.”
“On average,” the Phoenix Center says, “eliminating the job of a single regulator grows the American economy by $6.2 million and nearly 100 private sector jobs annually. Conversely, each million dollar increase in the regulatory budget costs the economy 420 private sector jobs.”
Obviously, some level of regulation is necessary. But beyond a certain bare, indispensable minimum the less free and less prosperous we are.
Beyond a certain level, the less the government does the better off we are.
TexasBlue
Re: Study: Eliminating One Government Regulator Can Save $6.2 Million And 100 Jobs
Big shocker there, no?
dblboggie
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