November 9th Edition

After $2.8 billion in regulatory costs last week, regulators bested that performance with $2.9 billion this week. In total, annualized costs this week were $1.3 billion, compared to $497 million in benefits, and a somewhat ridiculous 16 million hours of paperwork. To put the paperwork in perspective, it would take more than 8,000 full-time employees to complete the requirements from the last five days of new regulation. The per capita regulatory burden for 2015 is $560.

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