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Essay On Government Regulations

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The effects of Government Regulations on the Economy
The U.S. economy has somewhat recovered from the recession that began in 2008, but from my recent findings I have realized that there has been an unbalance in that recovery. Investments have fallen and businesses investments have been weak. The government regulates securities markets, the environment, and even serves as a safety-net for businesses that are at risk for bankruptcy. In many efforts to mend the economy, regulations are costing the United States trillions of dollars. These regulations are costly, but may be necessary if it produces an even larger economic and social benefit. Regulations have many different functions like, restricting harmful products, regulating the use …show more content…

I’m not saying that the government should not do anything to help the poor but raising minimum wage may not be the best way to go about helping the poor either.

The EPA’s fracking study is another example of how government regulations hamper the performance of the economy. There should be measures in place to regulate clean and efficient ways to run businesses, however, when looking at the bigger picture, I feel that the cost of running a clean and efficient operation should not take precedence over the condition of the economy and our way of life. The EPA’s 5-year study on hydraulic fracturing on groundwater contamination appeared to be a beneficial plan to alleviate water contamination, but as I have found from reading through multiple articles in the class resources, there is cost when one side is benefiting from a situation. The fact that it took 5 years and $30 million dollars for the EPA to develop a risk assessment did strike me as odd. Personally, if I was being paid millions of dollars to conduct a study on water contamination, I would prolong the study for as long as I could as well. Expenses like these are not the only reason why the U.S. is in debt, but it certainly doesn’t help the state of the economy either. On the other hand, even though the EPA may be costly

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