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.
Nate Silver, today’s most influential statistician and founder of the award-winning data website FiveThirtyEight, will join Tyler Cowen for a wide-ranging, intellectual dialogue as part of the Conversations with Tyler series.
Conversations about consumer credit often reflect utopian visions of the world. Many people imagine that a few tweaks to regulations can ensure that everyone has the money needed to feed, clothe, and shelter the family. According to this logic, if households need to borrow money, lenders will treat them fairly, charge little, and always be repaid. But no matter how hard we all try, a well-crafted regulatory framework cannot bring us this utopia. Deliberate, empirically informed regulators, however, can do much to preserve and expand consumers’ options along the nonbank-supplied small-dollar loan landscape.