by Ryan Streeter on June 28, 2014. Follow Ryan on Twitter.
Every administration says it plans to reduce unneeded regulations, and yet regulations grow anyway. Why? For one thing, regulatory reform always sounds a little boring and is difficult to convert into a policy agenda that people want to rally around. Second, and probably more importantly, regulations are intertwined with entrenched interests that make change difficult.
Meanwhile, business owners will tell you that federal regulations are increasingly adding costs that discourage investment and hiring.
The relationship between decreased productivity, declining entrepreneurship, and growing regulations is a defining economic issue of our generation.
Here’s probably the best picture of the regulatory trend we’re talking about, courtesy of this Mercatus post: