June 12, 2012 One claim made by many pundits these days is that the United State has too many regulations, that regulations are stifling to the economy, that regulations are so arcane they are difficult to penetrate. True or not, let’s look at the situation. It is a fact that regulations are necessary for the proper administration of government. A population of 250 million is too large to handle by local and arbitrary means. Regulations can serve to stave of legal actions of almost every variety. Second, with too many regulations there are a number of unanticipated consequences. A couple of definitions: Policy: A consistent guide to be followed under a given set of circumstances. Procedure: A procedure is a sequence of steps for completing a given activity. Regulation: Statements to explain the technical, operational, and legal details necessary to implement laws. Law: A system of rules and guidelines which are enforced through social institutions to gove
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