With already 600 new regulations in 2012, a fellow in regulatory studies says the United States continues to be a nation of regulations.
Ryan Young of the Competitive Enterprise Institute (CEI), who compiled the data, says 600 regulations since the first of the year is equivalent to a new regulation passing every hour and 53 minutes.
“If it keeps up at this pace, we’re going to see nearly 3,500 new regulations just in 2012,” he estimates.
Though that figure is actually down slightly from recent years, Young asserts that the regulations still put a huge weight on the economy.
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