Much of public policy is about reducing risks. Policies to give people health insurance are intended to reduce their risk of serious illness by encouraging them to go to the doctor for preventative care. Policies to protect the environment are intended to reduce the risk of people getting ill or dying because of pollution. Policies to make airports safer are intended to reduce the risk of people dying in a terrorist attack.
Improving How We Measure Cumulative Regulatory Impact
Very often people complain about "too much regulation" in government. What does this actually mean? A new blog post by Dean Stuart Shapiro discusses the challenges and importance of measuring the cumulative impact of regulations in the United States. Despite the...