As President Donald Trump took office, one of his most important priorities was to sensibly roll back regulations to give businesses a better opportunity to succeed, thus creating more jobs and expanding the economy. While it can be very difficult to understand all the regulatory burdens, there also is a substantial cost in compliance with certain regulations. So just how do regulations impact the costs of doing business?

The stated purpose of regulations often is to help protect consumers from a variety of problems in the market. However, the benefit of any sort of protection must be weighed against the ...