Over at RealClearPolicy, Wayne Crews and I have a short piece on regulatory costs, which are now just under $15,000 per family per year.
If it were its own country, the federal regulatory state would be the world’s tenth-largest economy — larger than that of Canada, Italy, or India. Federal regulations amount to a hidden tax of almost $15,000 per household. That’s more than families spend on food, clothing, health care, education, and other necessities. Only housing costs more. Factor in regulation, and the federal government is half again as large as most people think it is.