America’s economic and political infrastructure is awash in a flood of federal regulations that is growing deeper and more expensive every day. Consider these data points from the Competitive Enterprise Institute’s latest edition of its annual “Ten Thousand Commandments” report:
* In the two decades CEI has published Ten Thousand Commandments, 81,883 final rules have been issued. That’s more than 3,500 per year or about nine per day.
* The Anti-Democracy Index — the ratio of regulations issued to laws passed by Congress and signed by the president — stood at 29 to 1 in 2012. That’s 127 new laws and 3,708 new rules — or a new rule every two-and-a-half hours.