Doing More Harm Than Good?

Is cost-benefit analysis valuable? Every president (including the current one) for over 30 years thought so and directed agencies to use this tool to make their regulations balanced before issuing them. Independent agencies (like the CPSC), no less than agencies that report directly to the president, should follow the same policy. Unfortunately, CPSC seems determined to avoid this helpful tool saying that it is too burdensome. The head of GWU’s Regulatory Studies Center Susan Dudley writes about efforts to improve regulations at independent agencies through greater use of cost-benefit analysis. When will the CPSC get the message? Read her article here.

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