“I’ve stressed the point that established companies frequently lobby for more regulation, give generously to politicians on all sides, and benefit from an environment in which government plays a large role in the economy. Regulation makes many firms larger and more bureaucratic than they would otherwise be.” – Peter G. Klein
America has grown into a country of regulations. In fact, there are so many federal regulations that not even the best lawyers can keep track of how many there are. What we do know is that regulations suffocate the economy, harass us in our homes, and sometimes regulate in very dangerous ways.
There are regulations that prevent people who are on their deathbed from being able to try new drugs in advanced states of development that might save their lives.
Regulations limit the number of doctors trained every year at a time when we need more doctors.
Some regulations allow crony capitalists to form cartels that would not exist if regulations did not limit competition by restricting entry to certain businesses
There are labor regulations that cause businessmen to think twice about hiring workers. These burdensome regulations thus shrink job opportunities.
A plethora of laws written at the behest of housing developers limits competition and makes housing more expensive.
There are import and export regulations, such as the misnamed North American Free Trade Agreement, that prevent the free flow of goods.
The government won’t even leave us alone when we turn on our lights at night. The Energy Independence and Security Act of 2007 is causing the phasing out of incandescent bulbs, rather than letting the free market determine whether better and more cost efficient lighting should take their place.
As Diane Katz of the American Enterprise Institute points out, it goes way beyond light bulbs when it comes to government regulating your choices in your own home:
“During the past three decades, Congress has imposed a multitude of energy efficiency standards for a host of appliances: air conditioners and heat pumps, cooking appliances, clothes washers and dryers, dishwashers, furnaces and boilers, refrigerators and freezers, to name just a few. In effect, efficiency standards allow the government to control how Americans clean their clothes, cook their food, wash their dishes, and light, heat, and cool their homes. No longer do consumers exercise the freedom to balance appliance performance against cost. In many cases, the efficiency standards increase the price of appliances by more than consumers will recoup from energy savings.”
In other words, from the medical sector to the housing sector and everywhere in between, there are regulations that hurt consumers and small businessmen for the benefit of well-connected special interests.
I have no ties to special interests. I have no elitist money backers. No one is pulling my strings. In Washington, I will focus on eliminating these onerous regulations that restrict personal choice and undermine our economy.
I want more doctors, cheaper drugs and less government control over what we can buy and have in our own homes. I will never support a bill that makes regulations more burdensome and I will introduce bills to eliminate laws that unnecessarily burden our economy and lead to a lower standard of living for the average person.