Hard Realities Put Regulatory Assumptions Under a Microscope

The focus of this month's issue of Trends is "restoring America's economic vitality." The engines of American economic growth are small business and the entrepreneurs who turn those into medium and large businesses.

On the other hand, government simply provides the context in which businesses and consumer create wealth. Ironically, our best estimates indicate that businesses with 20 or fewer employees now spend an average of $10,000 to $12,000 per employee per year to comply with government regulations.¹ Roughly 40 percent of the mon.....