Regulations not only take freedom away from average Americans and business owners. They also take trillions of their hard-earned money in opportunity cost. Andrew Langer breaks it down on Swamp Secrets.
“It’s not that you’re just losing money by paying [an employee] to fill out paperwork for the government, but in terms of the productive time that that employee is missing out on that has a cost to business and the economy, etc. If you’re forced to buy a new-fangled pizza oven because your pizza oven pollutes too much, that’s money you can’t spend in your business buying more sauce, expanding, getting other equipment, hiring other employees, all kinds of things that you might otherwise want to do,” said Langer.
The American Action Forum released a report estimating that in the first three years of the Biden administration, direct regulation costs have increased by $1.3 trillion, but given Langer’s additional considerations of indirect effects, regulations have actually cost the economy a total of $25 trillion in lost opportunity cost.
Langer also addresses in this episode a recent op-ed he co-authored with CPAC Executive Vice President David Safavian on upcoming hearings on UnitedHealth Group, their monopoly on healthcare, and their relationship with advocacy-group-in-disguise, AARP.
Read their article at The Washington Examiner and follow @CPAC and @Andrew_Langer on social media for more updates.
