Government Regulation

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When reading further
ask yourself the question, does the costs or regulation out weigh the benefits,
I believe they do not.
Regulatory programs normally are started by a group of people with a
single interest and pressure the government and people to believe that there is
a major crisis, creating panic to an alleged problem. When this happens it
pressures Congress to pass a reform law in fear of not being reelected. Media
groups also aid in creating panic by focusing on the bad and not the possible
solutions to fix the problem. What happens is Congress passes a reform that
they have little thought over and create costly new standards that could make
little difference in the world. A good example of this happened during the
adoption of the auto emission standards of 1970. When Congress passed a bill
with little debate and few people having any idea on what the bill was about,
creating costly reforms and forcing cut backs on business expenses. In all of
the cases of 1970 the ...

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