The imposition of large cost burdens on the private sector [rests] ultimately on the U.S. economy. [Additionally there are] many less visible secondary effects that cause substantial incremental costs…to society generally. [These include] losses in productivity of labor, equipment, and capital, delays in construction of new plants and equipment, misallocation of resources and lost opportunities.
From the “The Cost of Government Regulation": a study for the Business Roundtable by Arthur Anderson & Co. From Liberalism at Work, p. 108. 1979.