Thursday June 27th, 2013 informationliberation.com
Federal Regulations Have Made You 75 Percent Poorer (Reason)
The 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.