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.”
Federal regulations imposed on America have been costing the U.S. economy more than $2 trillion every year and growing, according to a new study that sought to quantify the economic damage inflicted by Washington, D.C., politicians and bureaucrats. That drag represents well over 10 percent GDP, the report said. Especially burdened under the perpetually expanding regulatory regime are manufacturers and small businesses — two of the key sectors urgently needed to drive employment, growth, and exports amid ballooning U.S. trade and budget deficits. The most harmful and costly regulations and decrees, the report found, surround alleged “environmental” issues.
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.
Minimum-wage laws have unintended consequences, including hurting the very people they're allegedly designed to help.