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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (185422)8/26/2014 5:22:30 PM
From: Biomaven1 Recommendation

Recommended By
Ben Smith

  Read Replies (1) of 206085
 
>>the amount of benefits eventually turns down as regulations get excessive and stifle economic activity

I have no argument with that at all.

Some regulations are downright stupid. My proposal for worst regulation of all time was the phase-out of CFCs from inhalers for asthma. Probably close to a billion in direct R&D costs, and then maybe $4 billion a year for a decade in extra cost to the health care system because all the generics are gone. You could have gotten rid of an equivalent or greater amount of CFC's for 1% of the cost or less by properly recycling old air conditioners or refrigerators.

Peter
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