Red Tape and the Onerous Effects of Overregulation

We keep hearing that the economy is in a “jobless recovery.” What’s holding American companies back? Why aren’t they hiring more people? High taxes draw a lot of attention, and rightly so. They depress investment and discourage innovation. But escalating regulatory costs also undermine our economy. And small businesses, which fuel so much economic growth and hire so many people, often wind up particularly hard-hit by them. You don’t have to be a doctrinaire conservative to realize this. The Economist, the London-based news weekly – and a supporter of President … More

Share on: Facebook del.icio.us Digg StumbleUpon Twitter