Federal Regulations Have Made You 75 Percent PoorerReason
Jun. 27, 2013
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If anything, this is a conservative estimate. As Doug Casey has said, absent the state, we'd be living in the world of Star-Trek. - ChrisThe growth of federal regulations over the past six decades has cut U.S. economic growth by an average of 2 percentage points per year, according to a new study in the Journal of Economic Growth. As a result, the average American household receives about $277,000 less annually than it would have gotten in the absence of six decades of accumulated regulations--a median household income of $330,000 instead of the $53,000 we get now.