Federal Regulations Have Made You 75 Percent Poorer - Reason.com
Posted by gwcalvert 11 years, 6 months ago to Government
As a result, the average American household receives about $277,000 less annually than it would have gotten in the absence of six decades of accumulated regulations—a median household income of $330,000 instead of the $53,000 we get now.
While I agree with the conclusions-I am dismayed in the study, patent rights are included as a regulation. AAAAHHHHHH! We have emails out to the authors for clarification on the convoluted sentence explaining the "regulation." and the author of the article is completely boneheaded about patents (other things he's written).
Other than that, very interesting statistics and provocative conclusions. I'll report back if we hear from the authors of the study.