The cost of regulation

 If you get rid of a regulator who is enforcing nonsensical regulations, he must find a job doing something that is considered useful in the private sector, e.g. producing consumer goods. In addition, you free up, possibly, many private sector employees busy complying with regulations. These people also would have to find “productive” jobs.

 Evidently there is a standard of living multiplier, probably large, for each such regulator that is fired.

 In all likelihood, the standard of living could be dramatically increased by getting rid of unnecessary regulations and regulators.

Here is an example.

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