Quote:
Originally Posted by Orruar
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Pretty awesome deregulation on display here:
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Total volume of new regulations ≠ volume of new financial regulations, which is the barely relevant figure.
Also, look at your fucking source: Competitive Enterprise Institute, a free market advocacy group that opposes environmental regulation, green energy, and the widely accepted scientific position on climate change, among other abominable views. Not saying that discredits the data in any way, but it's worth noting.
Also, I'm pretty sure the technological revolution, the radical reformation of the American way of life, and the tripling of our population that has occurred since 1930 accounts for at least some of the increased rate of regulation additions.
Further, any law that has the net effect of
deregulation, may still produce a sizable regulatory volume because it is still a written legislative document. For example, all of these laws which served to deregulate the financial industry were probably quite long:
http://en.wikipedia.org/wiki/Deposit...ry_Control_Act
http://en.wikipedia.org/wiki/Garn%E2...stitutions_Act
http://en.wikipedia.org/wiki/Gramm%E...0%93Bliley_Act