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03

Government Regulation

   
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Title: Government Regulation
 
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Subject: Miscellaneous
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Date: March 5, 2007
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Length: 3 / 737
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When Congress passed a bill with little debate and few people having any idea on what the bill was about, creating costly reforms and forcing cut backs on business expenses. In all of the cases of 1970 the Congress chose to regulate instead of the alternatives; court penalties for polluters, tax penalties for employers with poor safety records, or government-funded information programs...
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" If the health and safety regulators were created in response to nonexistent crises, it is not surprising they have made little impact on morality rates."(Crickmer 1980) Sam Peltzman, University of Chicago economist, did a cost-benefit analysis of the drug regulations that followed the thalidomide tragedy in Europe...
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