It does create jobs, in a sense. There are the government employees who write, supervise and advise on and update the regulations, and there is an industry of consultants who may know nothing but become experts in how to meet or by-pass the regulations. No actual wealth is created by the consultants or by the extra regulations. Claims of extra safety and environmental benefits are usually specious. Creation of jobs may be claimed as a benefit but the costs must be met from taxes or borrowing.
Disclosure- I am biased in favor of the author when I read that he rode a Matchless 350 cc motorcycle. This is a British brand that had a good reputation for performance and reliability.
Opportunity cost exceeds job creation resulting in lower economic output as stated by Bastiat in his 1850 essay That Which Is Seen and That Which Is Not Seen https://en.wikipedia.org/wiki/Parable... Government is a hooligan that depresses the economy, destroys productivity, and discourages genius https://www.youtube.com/watch?v=gG3AK...
http://www.galtsgulchonline.com/posts...
It does create jobs, in a sense. There are the government employees who write, supervise and advise on and update the regulations, and there is an industry of consultants who may know nothing but become experts in how to meet or by-pass the regulations.
No actual wealth is created by the consultants or by the extra regulations. Claims of extra safety and environmental benefits are usually specious. Creation of jobs may be claimed as a benefit but the costs must be met from taxes or borrowing.
Disclosure- I am biased in favor of the author when I read that he rode a Matchless 350 cc motorcycle. This is a British brand that had a good reputation for performance and reliability.
https://en.wikipedia.org/wiki/Parable...
Government is a hooligan that depresses the economy, destroys productivity, and discourages genius
https://www.youtube.com/watch?v=gG3AK...