At this week's Republican Presidential Candidates' debate, one candidate suggested that all government regulations that cost businesses money should be reviewed; those regulations that are found to cost businesses significant cash, and therefore, force businesses to layoff employees, should be immediately repealed. This idea received a healthy amount of applause. It is easy to understand what regulations "cost," but it's more difficult to perceive what the "benefits" to regulations are. Sometimes it might seem as though government makes laws and passes regulations just for the fun of it, but in all seriousness, when government passes legislation, does it do so with the primary purpose of forcing businesses to layoff employees? If not, what are the purposes behind the legislation, and does the legislation successfully help ensure that businesses meet these purposes in a way that they would not otherwise? One example might be something like the gov...
The Blog of Bret R. Fuller