With deregulation of various U.S. industries high on the agenda for the second Trump administration, now is a great time to look at how that priority could impact consumers, the economy, and financial markets. Of course, deregulation is not always and everywhere a good thing. Nobody wants factories to dump waste into rivers or companies to eliminate safety protections for workers. But if you dive into how overregulation hamstrings innovation and raises prices dramatically for consumers, you may be shocked... You'll quickly find that unnecessary and expanded regulation slows economic growth and innovation, depresses improvements in living standards, and costs the nation trillions of dollars a year – not to mention all the time lost to paperwork. |
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