News Flash: Increased Regulation Translates into Increased Legal Work

So I guess this means GDP goes up.  It also means, assuming that the regulation in question serves some useful purpose that activities and behaviors are channeled in directions which perform some broader societal good. But that is a rather shaky assumption. Many regulations, though borne of good intention,  are ill-conceived serve little useful purpose.

http://blogs.wsj.com/law/2011/10/18/regulation-the-legal-economys-best-friend/