Streamlining Governance: Bold Ideas for Efficiency and Deregulation
The ever-growing burden of government regulations, combined with unchecked federal spending, continues to stunt US economic growth and impede effective governance.
At the federal level, the number of regulatory restrictions on the books has grown from 400,000 in 1970 to almost 1.1 million today. Regulatory compliance now costs American businesses and consumers hundreds of billions of dollars annually.
As Mercatus research shows, the effects of regulatory accumulation are regressive: Regulation can lead to higher levels of income inequality, higher rates of poverty, and increased mortality rates.
At the same time, Americans are paying more for less. Even as they deal with increasing government restrictions on their businesses and in their lives, they know that many government programs are failing to deliver meaningful returns on taxpayer investment. And the $2 trillion deficit continues to rise.
Policy reform can provide a way forward. Mercatus scholars are demonstrating how targeted deregulation and better budgeting can enhance government efficiency, boost economic growth, and help deliver a more free, peaceful, and prosperous future for all.