Earlier this month, Public Citizen issued a report about five regulations that spurred innovation and a higher quality of economic growth. As one of the authors Negah Mouzoon wrote, "when federal agencies implement rules for efficiency, worker safety, or public health and welfare, companies need to reformulate their products and services to comply. And so begins good ol' American competition. To comply with federal standards, companies need to invest in research and development, which often yields to new products and systems that both solve public policy problems and, often, boost business. The result? A brighter idea emerges."
jackson cole on 14 Mar 16When you take an insurance policy, you are committed to paying a premium every year. Or your bike or car has to undergo its yearly service now. The fact is that neither of these is all that pocket friendly. Since you have to fulfill these commitments and there is no escape where do you turn?
