According to the Competitive Enterprise Institute’s most recent “Ten Thousand Commandments” report, federal regulations took nearly a two trillion dollar bite out of the U.S. economy in 2013.
So-called “Certificate Of Need” laws in the healthcare sector prevent new competitors from entering the market and reward the current dominant players. It is a corrupt cartel system that prevents innovation and competition, denies consumers choices in healthcare, and guarantees ever-rising prices.
Small cheap robots are doing for small manufacturers what table tablets are doing for fast-food restaurants: making paychecks stretch further.
According to Russell Gold at the Wall Street Journal, the fracking boom “has already lasted longer than anyone would’ve imagined just a decade ago and has more room to run. That’s because oil and natural gas wells have become more productive — an unrecognized but potent trend that should keep the fuel flowing.”
Just as Washington is revving up to impose limits on "tax inversions" on corporations seeking tax havens in other countries, along comes this study to show just how uncompetitive the United States already is.