The Administrative State and Cost Benefit Analysis: Who Really Benefits?
Tags: administration, administrative, analysis, benefit, cost, FDA, government, industry, obama, regulations, usa
In an executive order signed last week, President Obama ordered all government agencies to conduct a cost-benefit analysis before issuing a new regulation and to develop any future regulations in the least-burdensome manner possible and with specific performance goals. Obama also instructed federal agencies to seek and assess all available alternatives to direct regulation before issuing a new rule.
In an opinion piece published in The Wall Street Journal, Obama singled out the FDA as an example of an agency whose regulations have caused confusion.
Cost benefit analysis must benefit the government too, you know. Obama is not saying “Be nice … READ MORE
