The Shockingly High Cost of Regulation

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INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Casey Mulligan, Former Chief Economist of the White House Council of Economic Advisers (2018-19).

Price and Mulligan discussed the incredibly high costs of government regulation. Not only to adding layers of costs to goods and services, but its tendency to undermine the innovations necessary to make life better and more affordable.

In an article in the National Review Mulligan notes:

“Possibly $15,000 per household, a new study finds.

“Senator Elizabeth Warren (D., Mass.) expressed a common belief when she said that, while regulations impose costs, they are “also about making sure that someone does not get to beat out the competition because they are dumping filth in the river or spewing poisons in the air.” A new study finds that preventing competition is indeed a primary result of federal regulations, but few of them pursue environmental goals.”

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According to the NY Times, “Mulligan is affiliated with a number of professional organizations, including the National Bureau of Economic Research, the George J. Stigler Center for the Study of the Economy and the State, and the Population Research Center. He is also the recipient of numerous awards and fellowships, including those from the National Science Foundation, the Alfred P. Sloan Foundation, the Smith- Richardson Foundation, and the John M. Olin Foundation.

“Professor Mulligan received his Ph.D. in economics from the University of Chicago in 1993. He has also served as a visiting professor teaching public economics at Harvard University, Clemson University, and Irving B. Harris Graduate School of Public Policy Studies at the University of Chicago.”

Check out more national news stories here.

LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE

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