The Welfare-Regulatory State grows

Last week, the Federal Register has grown to another 1,571 new pages of regulations, the most notable of which come from the EPA. According to The Daily Caller article, these new regulations include "the DEA updating its seizure and forfeiture regulations and the Alcohol and Tobacco Tax and Trade Bureau establishing the Innwood Valley region in California and the Middleburg region in Virginia."

The Federal Register, which is the document that contains all Federal regulations on economic activity, now contains approximately 80,000 pages of economic regulations. How can we claim to be a free country if most of our economic activity is regulated by a highly centralized government in a distant capitol? The Regulatory-Welfare State is notorious for attracting swaths of lobbyists who lobby for benefits for the industries they represent at the expense of the taxpayers. As Lew Rockwell notes, "Just one clause in the Federal Register can mean billions for a favored firm or industry, and disaster for its competitors, which is why lobbyists cluster around the Capitol like flies around a garbage can."

That's why I say for the sake of freedom and prosperity, the Federal Regulatory-Welfare State must be abolished and a policy of lassiez-faire must be pursued. Only the free market economy is capable of providing for the needs of millions if not billions of people. Governmental regulations on economic activity only hinder economic growth and prosperity.