10,000 Commandments: An Annual Snapshot of the Regulatory State (Guest: Clyde Wayne Crews)
May 2, 2018
Regulations impose between $2 and $10 trillion in costs on the economy each year. These regulations offer little benefit, lack transparency, and disregard any semblance of accountability.
Clyde Wayne Crews' annual report, “10,000 Commandments: An Annual Snapshot of the Regulatory State," details how both Republican and Democrat administrations expand the regulatory state to gargantuan proportions. Estimates show the annual costs of regulations to the economy are between $2 and $10 trillion dollars, greater than the revenue from the personal and corporate income taxes combined. These regulations are enacted in an opaque fashion with little oversight or accountability from those imposing them. Worse still, the regulations often go beyond what the law allows, limit Americans’ freedom, and produce little benefits outside of politically favored special interests.