of course he is bat s%#t crazy..
But he has a point.
Have they?
Have they made the case that they do?
Parade a bunch of small business owners in front of them. Ask them how much time and money they spend on compliance issues vs their actual business. Hand Reid a copy of economist Hernando de Soto’s book, “The Bell Jar” in which he looks at how the regulatory state in South America is holding back economic growth there.
How would you prove it? The problem with federal regulation is that they apply to everyone, so there is no control group to use for comparison.
You might be able to make the case if you could change just the regulations, and all the other economic factors could be held constant, but you can't.