This will hurt your brain

Bush stopped weighing the costs and benefits of deregulation and issued an executive order allowing OIRA to intercede before agencies made their initial proposals, thereby providing industry lobbyists with a back door to block regulations. OIRA also instructed agencies to discount the value of future lives in constructing cost-benefit analyses by 7 percent a year, so that 100 lives in 50 years would only be worth 3.39 current lives. (Such logic can be used by conservatives to argue that the present cost of regulating greenhouse gases outweighs the future benefits of stopping climate change.)

That’s from John B. Judis’s review of regulatory policies in the Bush years. If you had to read it multiple times, for multiple reasons; don’t worry, you’re not alone.

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One Response

  1. My life is worth more than that, much more!

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