An Economy Buried by Regulations

An Economy Buried by Regulations | Mercatus:
"Part of the reason is that regulations act as a hidden tax on individuals.
If the Department of Transportation sets a higher fuel efficiency mandate for cars, then cars become more expensive, just as if the government imposed a new tax on vehicle purchases.

Another unintended consequence is the stifling of entrepreneurship.
Regulations can create barriers to people interested in selling goods or services or starting a small business.
For example, 17 states require an individual to earn a license to do hair braiding. 
To obtain a license in Pennsylvania, you have to train for 300 hours, pass a practical and theoretical exam and then pay a fee. 
Barriers such as these give consumers fewer choices, and with fewer practitioners offering their services in a particular field, customers may face higher prices."