A week or so ago we were talking about regulation and how burdensome it is in the US.
"His (Obama) regulatory onslaught pushed the total number of pages in the Federal Register — the government's regulatory bible — to 95,894 total pages, the highest level in history and a 19% gain from 2015's 80,260 pages.
And it's even worse than it seems. During his tenure, Obama imposed 685 "major" rules, or rules that have a significant impact and cost at least $100 million, 36% higher than President Bush's 505 major rules.
The cost of this is immense. For all of 2016, federal regulations cost the economy some $1.963 trillion, or about 10% of U.S. GDP, which CEI calls a "hidden tax" on citizens amounting to $15,000 per household per year. In case you don't know, you pay this tax each and every year, whether the rules benefit you or not."
"A study by the Mercatus Center at George Mason University, however, found that regulation has a major negative impact on the economy by distorting investment decisions of firms. That study estimated that if the regulatory burden had remained unchanged from 1980 to 2012, the U.S. economy would have been 25% larger, a difference of $4 trillion a year in output."
http://www.investors.com/politics/ed...regulating-it/