The Biden Administration has already unleashed more regulatory costs on the economy than any in recent memory—even the Obama Administration. Mr. Biden first repealed the Trump Administration rule that for every new regulation, two had to be repealed.

Then his regulators went wild. Casey Mulligan, a University of Chicago economist, recently looked at the Biden rules through 2022 and said the overall cost is $5,019 per household. That’s 15% more than the $4,353 cost per household during a comparable period in the Obama Administration. The Trump Administration had reduced regulatory costs by $2,636.

As a refresher, here is one of the most important charts from Casey’s study:

Read the whole CTUP study here.