Social and Behavioral Sciences Commons^™

The Rising Cost Of Government Regulation, Murray L. Weidenbaum, Robert Defina

Murray Weidenbaum Publications

In fiscal year 1976, the direct cost of federal government regulation of business hit an all time high. By 1978, the annual total federal regulatory cost will be approximately $3.8 billion, an 85% rise over the 1974 level. The most expensive sectors of federal regulatory activity are not focused on an individual industry, but are assigned to a broad category of social activities like the environment, energy, and consumer health and safety.