An unsigned editorial in today’s Investor’s Business Daily describes the impact that federal regulations have on the manufacturing sector. The picture isn’t pretty; a new American Action Forum report estimates that they lower total output from 2 to 10 percent. Along the way, the writers also cite this week’s Battered Business Bureau post:
The Competitive Enterprise Institute tells us that the federal government churned out last week a new regulation at the rate of one every hour and 55 minutes.
By the end of this year, the bureaucratic machine will have produced 3,868 new regulations spread out over 78,783 pages of the federal register.