There are many problems associated with a burdensome regulatory environment. Ill-conceived and overlapping regulations can make it difficult to start businesses and hire people. They can also increase prices since consumers always have to pay ultimately for all of the accountants, lawyers and … [Read more...]
REGonomicsA weekly communication devoted to the economics of regulations that are burdensome, costly, and downright ridiculous.
Last year New York State completed a phased in increase in the minimum wage to $9.00 per hour. Now, Governor Cuomo is proposing that the state raise this to $10.50 per hour. The minimum wage is one of those populist causes that politicians love to latch on to as a way to show they are helping … [Read more...]
One of the problems with regulating all aspects of daily living is that sometimes all of the rules imposed by government have unintended consequences. Sometimes, those unintended consequences turn deadly. In writing this edition of REGonomics, I have to say I am torn. I am a 9-11 survivor, and I … [Read more...]
Our society is so solidly covered by rules and regulations that it is impossible not to find hundreds of them that are downright silly. In fact, there is an entire website (http://www.dumblaws.com/) dedicated to pointing out these bizarre dictates. We began this REGonomics series by looking at … [Read more...]
My grandfather was a coal miner. His family immigrated to Kansas from Slovenia and settled in southern Kansas in a little town called Croweburg (seen in photo below from the 1920s) where he mined coal up until the Great Depression. After that, my family moved to Chicago, but my grandparents always … [Read more...]