As an economist with a boring personality (sorry to be redundant), I sometimes focus on numbers. And when contemplating the cost of regulation and red tape, there are some numbers that should frighten all of us.
But normal people are probably more likely to understand the cost of red tape when you share specific examples of absurd regulation.
And apparently that’s why we have an Equal Employment Opportunity Commission. The EEOC bureaucracy has become famous for ridiculous examples of red tape. It first became famous many years ago when it went after Hooters for hiring attractive young women instead of fat old men to serve as waitresses (and now the bureaucrats are going after a business in Rhode Island for the same reason).
In more recent years, the pinheads at the EEOC have harassed a trucking company for the supposed crime of discriminating against alcoholics and pushed multi-billion dollar regulations to accommodate “pee-shy” employees.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 23rd, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom