the staff of the Ridgewood blog
Washington DC, Richard Salsman, author of the Capitalist Advisor newsletter, has documented what he calls the “rampant growth of regulation” in America over the past century. His research reveals a striking truth: government regulations now act as a $2.5 trillion annual tax on the private economy—draining productivity, slowing growth, and hitting businesses of all sizes.
A century-long trend shows that every president since the late 1960s has enacted major new regulatory costs—except for Ronald Reagan and Donald Trump. The 1930s and 1970s stand out as decades when the U.S. created the most new regulatory agencies. Unsurprisingly, those were also periods marked by severe economic turmoil, from the Great Depression to stagflation.
Now, in the first six months of his second term, Trump’s pace of deregulation could surpass even Reagan’s record-setting rollback. A recent landmark decision—the repeal of the controversial greenhouse gas endangerment finding that classified CO₂ as a pollutant—could alone eliminate hundreds of billions in unnecessary compliance costs.
If current trends hold, the U.S. could see the most significant regulatory rollback in modern history, potentially unleashing stronger economic growth and reducing the hidden tax burden on businesses and consumers alike.
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