Monday, October 17, 2011

Safety Regulators Don’t Add Costs. They Decide Who Pays Them.

...many of those who insist on cost-benefit analysis have no interest whatsoever in making regulation more focused and rational. In their world, costs to business are the only measure; benefits to consumers somehow never make it to the table. Unfortunately, that’s misleading and unfair. Someone always pays.

Amplify’d from

Anyone who insists that regulations necessarily impose new costs on society shouldn’t be taken seriously. The costs are already there, in the form of deaths and injuries — and are often as much of a drag on our economy as any safety rule. So the real issue is who should bear the costs.