News Release
Fed Chairman Powell Should Prioritize Getting Inflation Under Control
President Biden has re-nominated Jerome Powell to head the Federal Reserve, and CEI Senior Fellow Ryan Young expressed hope that Powell will make the politically…
Blog
This Week in Ridiculous Regulations
The House passed a $1.85 trillion spending bill, which a 50-50 Senate will now consider. An Alzheimer’s vaccine began human trials. If it…
Blog
Court Strikes Down Trump Tariff: Precedent for Institution-Level Changes?
Pessimism reigns for trade liberalization in the short run, but there is fresh hope for the long run. A new court decision over solar panel…
Blog
Review of Michael Munger, The Sharing Economy: Its Pitfalls and Promises (Institute of Economic Affairs, 2021)
Transaction costs are one of the most overlooked ideas in economics. They are also one of the most important. The lowering of transaction costs is…
Blog
This Week in Ridiculous Regulations
News Release
Inflation Hits High Mark with Consumer Price Climb in October 2021, but Policymakers Can Take Steps to Help: CEI Statement
Bad news for consumers – prices rose 0.9 percent in October and to a 30-year high, according to data released today by the Labor…
Blog
This Week in Ridiculous Regulations
Children can now receive COVID-19 vaccinations, which is good news all around. The economy gained 531,000 jobs in October, showing once again why Congress’ big…
News Release
US Economy Added 531,000 Jobs in October, but Biden Vaccine Mandate, Govt Spending Pose Real Threat
The American economy added 531,000 jobs in October, according to the U.S. Labor Department. CEI experts pointed to Covid declines but also warned that…
Inside Sources
Minimum Wages Don’t Create Jobs
There are more than 10 million job openings in America right now. The worker shortage is contributing to goods shortages, rising prices and supply network…
Blog
How to Fill 10 Million Vacant Jobs
Would raising the minimum wage help to fill the more than 10 million job vacancies currently open? It makes some intuitive sense—higher pay will attract…
News Release
CEI Experts Weigh In on Reconciliation Framework Agreed to by White House and Congressional Democrats
WASHINGTON – The White House and congressional democrats announced agreement on a “framework” for a reconciliation bill that will spend nearly $2 trillion and includes…
Blog
Steel, Aluminum Tariffs to Remain Above Pre-Trump Levels
It is not asking much to undo President Trump’s doubling of U.S. tariffs, which are a major contributor to today’s supply network crisis. But apparently…
Blog
This Week in Ridiculous Regulations
Third quarter GDP growth was an estimated at 2 percent, down from about 6 percent the previous two quarters. The 2021 Federal Register topped…
Blog
This Week in Ridiculous Regulations
The Centers for Disease Control and Prevention approved COVID-19 booster shots for adults over 65, or with certain medical conditions, or who have job-related…
Blog
I, Pencil Meets Today’s Political Realignment
Conservatives are different than they were just a few years ago, and it isn’t just because of Trump, who is more a symptom than a…
Blog
This Week in Ridiculous Regulations
In a four-day week, the economy got mixed news on employment and inflation, a dubious new antitrust bill was announced, and…
Blog
The Radicalism of “Build Back Better” Is the Crisis that Classical Liberals Must Not Let Go to Waste
If the mantra of the day is, “Never let crisis go to waste,” then what are we to do when artificial crisis is being created…
Blog
Sen. Klobuchar’s Half-Baked Antitrust Bill
A famous scene in the 1990s comedy movie Half Baked has a young Jon Stewart musing about how different everyday activities can be while…
Blog
IRS Licensing of Tax Preparers Is Ripe for Abuse
Roughly a quarter of all jobs in America now require some sort of occupational license. Sixty years ago, it was about one job in…
Blog
September Inflation Remains High and Fixable
Inflation remains high, with September’s numbers coming in at a 5.4 percent annualized rate, the highest number in a decade. The Federal Reserve’s target…
Blog
The 2021 Economics Nobels: The Importance of Empiricism, and its Limits
The economics Nobel is given to individuals, but it often really intends to recognize schools of thought or methodological approaches. That is the case with…
Blog
This Week in Ridiculous Regulations
Katherine Tai, the new U.S. Trade Representative, gave a major speech affirming President Biden’s commitment to former President Trump’s trade protectionism. Facebook’s website…
News Release
Jobs Added to U.S. Economy in September Show Signs of Hope and Hesitancy: CEI Analysis
The U.S. economy added 194,000 jobs added in September, and unemployment dipped. CEI experts Ryan Young and Sean Higgins say this is encouraging because it…
Blog
This Week in Ridiculous Regulations
Congress averted a government shutdown and continued to negotiate over nearly $5 trillion in combined spending. Merck announced an antiviral pill for COVID-19 that…
Blog
This Week in Ridiculous Regulations
CEI held its Julian Simon Award dinner, honoring the development economist William Easterly. We also paid remembrance to 2020’s winner, the late, great…
Blog
Not Always an Antitrust Issue: Airline Edition
The Justice Department is gearing up to file an antitrust case against JetBlue and American Airlines over an alliance they recently formed. The Wall…
News Release
Senate Judiciary Antitrust Hearing on Big Data Based on Flawed Premises
WASHINGTON – The Senate Judiciary Committee’s Subcommittee on Antitrust will hold a hearing today on the implications of data on competition. Subcommittee Chair Senator Amy…
Blog
This Week in Ridiculous Regulations
Inflation remains high at over 5 percent, California’s governor will finish out his term after a recall attempt failed, and culture warriors got outraged at…
Blog
This Week in Ridiculous Regulations
The 2021 Federal Register surpassed 50,000 pages in a short Labor Day week. Fresh off a trillion-dollar infrastructure bill, Congress began work on a $3.5…
News Release
Court Rules Apple App Store Rules Do Not Violate Antitrust Laws
A federal district court today ruled that Apple’s rules regarding payments on its App Store do not violate antitrust laws. The case, brought by video…
News Release
Latest Producer Price Index Indicates Inflation Too High
The government’s latest numbers on average changes in prices, as measured by the Producer Price Index (PPI), are up at an annualized rate of 8.3…
Blog
Jobless Claims Are Down, but Tensions Remain in COVID Recovery
Jobless claims are at their lowest levels since the start of the pandemic; 310,000 people filed first-time claims last week, down roughly 95 percent…
News Release
WEIRDest People in the World Author to Keynote Competitive Enterprise Institute Event September 21
Blog
This Week in Ridiculous Regulations
The United States officially ended its military occupation of Afghanistan. Hurricane Ida killed at least 40 people in the Northeastern U.S., while in the New…
News Release
Disappointing August Job Gains Tied to Covid Restrictions, Politics
Competitive Enterprise Institute experts commented on today’s disappointing news about August job gains, urging policy makers to reject restrictions and politics and look for ways…
Blog
Fighting Bias and Misinformation, from Pierre Bayle’s 17th Century to the Social Media Age
Many people insist that media bias and misinformation are getting worse in the social media age, and we need to do something about it. Depending…
Blog
This Week in Ridiculous Regulations
Congress seems to have reached a deal to combine the trillion-dollar infrastructure bill and the $3.5 trillion reconciliation bill. A $6 trillion budget bill remains…
News Release
Consumer Spending, Personal Income Growth Hinge on Combating Covid Delta Variant
The federal government today released July data on consumer spending (slower growth compared to June) and personal income growth (higher than expected). CEI Senior…
Blog
This Week in Ridiculous Regulations
The big story of the week was the United States’ military withdrawal from Afghanistan. Back home, a new school year began and the economic…
Blog
The Progressive Playbook? Thoughts on a Slippery Slope
Is there a master plan behind the blunders of governments? Or are politicians just making it up as they go along? The cabal model…
Blog
FTC Re-Files Facebook Antitrust Complaint
The Federal Trade Commission (FTC) submitted a revised antitrust complaint against Facebook today. In June, a judge threw out the initial complaint for…
News Release
FTC’s Latest Antitrust Case Against Facebook a Conflict-of-Interest in Search of a Crime
The Federal Trade Commission (FTC) voted to re-file an antitrust case against Facebook, accusing the social media company of being a monopoly and seeking to…
News Release
Jobless Claims Drop to Pre-Pandemic Level but Congress Spending Binge Threatens Recovery
The federal government today reported a drop in seasonally adjusted initial unemployment claims to the lowest level for this average since March 2020. CEI…
Blog
This Week in Ridiculous Regulations
The Senate passed the big infrastructure bill in a dramatic marathon vote. It now goes to the House. Up next is a $3.5 trillion spending…
Blog
New Inflation Numbers: Still High, Still Fixable
July’s inflation numbers are out. The annualized Consumer Price Index came in at 5.4 percent, compared to a 2 percent target. The month-to-month increase…
Blog
This Week in Ridiculous Regulations
Nearly 1 million jobs were created in July, while Congress put the finishing touches on an infrastructure bill that will add about $250 billion…
News Release
July Jobs Analysis: More Spending, Restrictions from Congress Won’t Help
The U.S. economy added 943,000 jobs in the month of July, with a decline in unemployment to 5.4 percent according to government numbers released…
Blog
This Week in Ridiculous Regulations
Second quarter GDP grew at a 6.5 percent annualized pace, although COVID’s delta variant, inflation, and massive deficit spending could dampen growth going forward.
News Release
Numbers Show Economy is Recovering, but Washington Spending Won’t Help
New numbers from the Commerce Department show the economy showed strong growth in the second quarter of the hear, with gross domestic product (GDP) at…
Blog
This Week in Ridiculous Regulations
The Olympic games began in Tokyo, after being delayed a year due to COVID-19. Congress is working its way through a $3.5 trillion spending bill…