Sunday, July 06, 2014

Regulations save lives?

They also take them, and can make existing ones more miserable than they need to be. On the EPA's proposed loosening of radiation limits (Reason):

Other skeleton in the EPA’s closet are environmental limits caused by its policy of “chasing the last molecule.” If EPA could be forced to modify its radiations limits, what about its other extremes? Take sulfur, for example. Its prevalence has already been reduced by 90 percent. Still, using its now discredited LNT theory, EPA is has ordered refiners to eliminate the last 10 percent. This will add between 6 and 9 cents per gallon to the cost of gasoline.

There is another major implication. Many if not most of the EPA's other limits on pollutants and carcinogens are also deduced from the faulty LNT theory. Eliminating 90 percent of some chemical or dust is often easily accomplished, however, eliminating the last 10 percent can cost billions more than the first 90 percent. For example, a Wall Street Journal report on ozone explains that new EPA limits reducing ozone from today’s 75 parts per billion to 60 to 70 ppb would cost industry some $90 billion, according to the EPA itself. These are the costs that many industries are howling about and a real reason that Americans’ standard of living has stopped increasing. Much analysis, beyond the scope of this report, needs to be researched for dozens of other excessive limits imposed by Washington, D.C.

The yearly cost of unnecessary EPA regulations is in the many hundreds of billions of dollars, reducing wages and hurting the world's standard of living.

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