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The Unbearable Lightness of Being Regulated Open Access

Among the priorities highlighted in the introductory chapters of President Obama’s proposed 2014 Budget is a commitment to “a regulatory strategy that protects the safety and health of all Americans, while promoting continued economic growth and job creation.” The Budget claims that by carefully weighing the costs and benefits of new rules, “the net benefits of regulations issued through the third fiscal year of the first term have exceeded $91 billion. This amount, including not only monetary savings, but also lives saved and injuries prevented, is over 25 times the net benefits through the third fiscal year of the previous Administration.”

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