The Cost of Regulations

Regulations are really the, they're what drives economic growth and innovation. When regulators step in and define a certain area and then inevitably fail to update or I shouldn't say inevitably often fail to update that is a failure to innovate. Failure to innovate on property rights. Not that we have a shortage of lawyers in this country. We just don't really put them to this task. But let's talk about your number. What is in your estimate the cost of regulations and how do you come up with that? Yeah. Well, you know me. I'd use a placeholder of two trillion.