Former Federal Reserve Chairman Alan Greenspan once noted, “whatever you tax, you get less of.” The same is true of excessive regulation. Unfortunately, that’s something it appears the Biden administration doesn’t understand. Last month, the White House released plans to double the threshold for what counts as an “economically significant” regulation, from $100 million to $200 million in annual effects. The move massively expands the volume of regulations that can be approved without any additional oversight. Excessive regulatory accumulation has serious costs, and while this development is obviously bad news for an economy already weighed down by a cost-of-living crisis, what’s less
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