How much economic growth is lost by excessive regulation? What are the costs of permit delays? How many jobs are lost due to red tape?
Regulatory impediments can substantially hinder opportunities for private enterprise to invest and compete, thereby reducing economic output, impeding private investment, slowing job creation, and raising consumer prices. These hurdles contribute to a stagnating economy, which has been a $2 trillion drag on the U.S. economy. The Lost Economy™ – a new project by the American Consumer Institute – aims to measure the burden of overregulation and recommend ways to streamline state and federal regulations. Stay tuned for our first project – Next Generation Wireless Networks for 5G – coming later this month.
To learn more about this project, visit TheLostEconomy.com.