Renda, who also serves as Senior Research Fellow at the Centre for European Policy Studies, wrote a study on cost-benefit analysis for the European Commission in 2013. In his assessment of President Trump’s Executive Order to require Congress to phase out two federal regulations for every new one, Renda noted that “it’s impossible to affix a dollar amount to any total estimate of regulatory impact.”
Probably, it’s on the hidden part of the envelope,” he says. “It’s farther than the back of the envelope.”
Will there be an easy way for the Trump Administration to evaluate the benefits of decreased regulation? Read the Bloomberg article for more information.