Re: Can t shake those slow-growth blues, April 30 editorial.
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A Denver Post editorial asks, How can we boost the lackluster growth that has plagued the economy since it emerged from the Great Recession in 2009?
The reason our economy isn t growing is because it s drowning in an ever-expanding ocean of regulations. A new study for the Mercatus Center at George Mason University (online at bit.ly/1QyJ1vg) found that If regulation had been held constant at levels observed in 1980, the U.S. economy would have been about 25 percent larger than it actually was as of 2012. This means that in 2012, the economy was $4 trillion smaller than it would have been in the absence of regulatory growth since 1980. This amounts to a loss of approximately $13,000 per capita, a significant amount of money for most American workers.
To grow the economy, we must throw it a life preserver by shrinking the level of regulation. Otherwise we can look forward to perpetual stagnant economic growth.
Chuck Wright, Westminster
This letter was published in the May 5 edition.
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