Do regulations add expense to business?
The talking heads and everyone on Capital Hill have told us that regulations add cost to business. We now “know” this as fact, but is it? From MJ: We asked experts, and most told us that while there is relatively little scholarship on the issue, the evidence so far is that the overall effect on jobs is minimal. Regulations do destroy some jobs, but they also create others. Mostly, they just shift jobs within the economy. “The effects on jobs are negligible. They’re not job-creating or job-destroying on average,” said Richard Morgenstern, who served in the EPA from the Reagan to