Regulation creates costs for businesses, customers, local governments, and other regulated entities. The Mercatus Center’s Regulatory Cost Calculator is a practical tool designed to generate better data on the anticipated costs of individual proposed regulations before they become final regulations. Government regulatory analysts can use the Cost Calculator to elicit better information about the expected costs of regulations. Stakeholders can use the Cost Calculator to provide accurate and credible estimates of the costs of proposed regulations to regulators, legislators and their staffs, the media, and the public policy community.
Richard Williams talked about his concerns with the Food and Drug Administration’s (FDA) redesign of food nutrition labels. He assisted in the creation of the original label, which he says was not able to change consumers' eating habits.
As the world’s first decentralized digital currency, Bitcoin has the potential to revolutionize online payment systems and commerce in ways that benefit both consumers and businesses. Individuals can now avoid using an intermediary such as PayPal or submitting credit card information to a third party for verification—both of which often involve transaction fees, restrictions, and security risks—and instead use bitcoins to pay each other directly for goods or services.