News Release
Federal Reserve Signals Interest Rate Hike to Fight Inflation: CEI Statement
The Federal Reserve today signaled an interest rate hike is coming in March to combat inflation. CEI Senior Fellow Ryan Young believes the Fed…
The Tribune-Democrat
There are Better Ways than Raising the Federal Minimum Wage to Boost Workers’ Pay
Twenty-five states raised their minimum wages this year, but the federal minimum wage has been stuck at $7.25 per hour since 2009. Is it time…
Blog
Better Ways to Fight Poverty than the Minimum Wage
Every January, states and cities across the country raise their minimum wages. There are also calls to raise the federal minimum wage, which has stayed…
Blog
This Week in Ridiculous Regulations
A major antitrust bill from Sen. Amy Klobuchar (D-MN) is poised to hit the Senate floor without a proper hearing. Considering its contents, one…
News Release
Senate Antitrust Bill Would Deny Consumers Popular Services from Large Tech Platforms
WASHINGTON – The Senate Judiciary Committee is scheduled to mark up The American Innovation and Choice Online Act (S. 2992) today, a bill…
Blog
This Week in Ridiculous Regulations
Happy Martin Luther King, Jr. Day, everyone. Inflation hit a 40-year high last week. Meanwhile, agencies issued new rules ranging from French dressing freedom to…
News Release
Inflation Hits 40 Year High, but Policymakers Can Fix It
Inflation is up, again, the Bureau of Labor Statistics reports today. The Federal Reserve has a clear job to do, but Congress and President…
News Release
Revived FTC Antitrust Suit Against Facebook Could Put Chill on Innovative Acquisitions in Tech Industry
WASHINGTON – A federal judge today reversed an earlier decision and permitted a case filed against Facebook by the Federal Trade Commission (FTC) to…
Blog
This Week in Ridiculous Regulations
Teachers’ unions continued to make an eloquent case for school choice by shutting down schools in major cities like Chicago. The country also observed the…
News Release
December’s Disappointing Job Numbers Show Government Should Loosen Restrictions on Economy
On Friday, the Biden Administration released the jobs report for December 2021, showing the U.S. economy added 199,000 jobs. The number was far short of…
Blog
Retro Book Reviews: A Capitalism for the People: Recapturing the Lost Genius of American Prosperity by Luigi Zingales (Basic Books, 2012)
University of Chicago economist Luigi Zingales’s book A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, which celebrates its 10th anniversary…
Blog
This Week in Ridiculous Regulations
The Federal Register took Christmas Eve off, and here’s hoping everyone had a happy holiday season. One more week to go in 2021. The Food…
News Release
Consumer Spending Growth Slows: COVID, Inflation, Supply Networks Are Factors: CEI Statement
On news today that inflation rose again in November, CEI Senior Fellow Ryan Young urged policymakers to do their part by spending less: “Consumer spending grew…
Blog
Best Books of 2021: Keith E. Stanovich, The Bias that Divides Us: The Science and Politics of Myside Thinking (MIT Press, 2021)
Today’s political polarization isn’t just annoying; it’s damaging important cultural and family institutions. And tensions won’t deescalate until people figure out the root of the…
Blog
Best Books of 2021: Ryan Bourne, Economics in One Virus (Cato Institute, 2021) and Caleb Fuller, There Is No Free Lunch (Freiling, 2021)
Economists are an unpopular bunch. One reason for this is that much of their job is putting parameters on people’s utopias. Spending more money…
Blog
What’s Ahead for Regulation in 2022?
There are two questions about the coming year in regulation. The first is what will happen. The second is what should happen. What will likely…
Blog
This Week in Ridiculous Regulations
Two big pieces of good news last week were the Senate’s decision to shelve the $1.7 trillion Build Back Better spending bill and the…
Blog
Have a Regulated Holiday Season!
The Code of Federal Regulations is 185,984 pages long, according to my colleague Wayne Crews’s Ten Thousand Commandmentsreport. It consists of 50 titles spread…
Blog
Senate Shelves Build Back Better Spending Bill, For Now
The Senate will not vote on the Build Back Better (BBB) spending bill this year, though they might take it up again next year.
Blog
This Week in Ridiculous Regulations
The number of new regulations this year topped 3,000, ending the week at 3,068, and the 2021 Federal Register topped 70,000 pages. Inflation went up…
Blog
Inflation Increases to 6.8 percent, Misery Index Reaches 11
October’s inflation reading was the highest since the recession of 1991. November’s is the highest since the 1982 recession, at an annualized 6.8 percent.
Blog
Can Regional Trade Agreements Replace the WTO?
Trade policy is in a bad place right now, with two consecutive protectionist administrations in the U.S. and the World Trade Organization (WTO) possibly damaged…
Blog
This Week in Ridiculous Regulations
The number of new final regulations this year will pass 3,000 this week, with more than three weeks still to go. The Omicron variant gave…
News Release
Disappointing Job Gains for November 2021 Speak to Government Barriers to Economic Recovery
The U.S. economy added 210,000 jobs in November, far short of what economists expected. CEI experts say government mandates and restrictions remain a big part…
The Washington Times
Inflation, Supply Shortages Drive up Christmas Tree Prices
The Washington Times cites Senior Fellow Ryan Young on Christmas tree sales: Ryan Young, a senior fellow at the libertarian Competitive Enterprise…
Blog
This Week in Ridiculous Regulations
It was a short work week because of Thanksgiving. Meanwhile, agencies issued new rules ranging from blood lancets to crash test dummies. On to the…
News Release
Thankful for Good Economic News on Jobs, Consumer Spending: More to Do
During Thanksgiving week, jobless claims dipped to 199,000, their lowest level in 52 years, when the country’s population was less than two thirds of…
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…