Newmark's Door

U. of Chicago economist Casey Mulligan:

Under President Barack Obama, the U.S. government’s regulatory activity in areas like health care, the Internet, environment, and transportation was unprecedented. The hundreds of new regulations that resulted cost the average household roughly $26,000 over a lifetime, according to my new study for Unleash Prosperity, which uses a database of more than 5,000 federal rules. By contrast, the deregulatory focus of Obama’s successor, Donald Trump, wound up saving the average family about $11,000 in lifetime cost burdens. The regulatory pendulum swung back, though, with Joe Biden’s administration. To some extent, this was to be expected, as Democrats are more inclined to regulatory mandates than Republicans. But who would have expected the Biden administration to regulate with such a vengeance? I calculate a lifetime per family burden of $47,000 from Biden’s new regulations.