Blog
This week in ridiculous regulations: dairy donations and kiosk interpretations
The 2023 Federal Register topped 60,000 pages. Price controls are on the way for 10 common prescription drugs. Hurricane Idalia hit Florida. Culture warriors shouted…
DC Journal
Point: This Labor Day, Don’t Let Pols Take Credit for Economy
Workers have much to celebrate this Labor Day. Unemployment is near its lowest level since the 1960s, and real wages are growing again. Post-pandemic inflation…
Citation
AUDIO: Ryan Young Joins the Bob Harden Show
Senior Economist Ryan Young joined the Bob Harden Show to discuss the current state of our economy: Ryan-Young-September-1Download…
News Release
187,000 jobs added in August 2023, with more people trying to get back to work: CEI analysis
The U.S. economy added 187,000 jobs in August 2023, and the unemployment rate rose to 3.8 percent, according to data released Friday by the…
Blog
Trump proposes 10 percent universal tariff
Everyone makes mistakes. It’s part of life. It’s not even necessarily a bad thing. If you’re the entrepreneurial type, mistakes are an opportunity to learn…
Blog
This week in ridiculous regulations: walnut marketing and railroad dispatchers
The number of new final regulations this year topped 2,000, ending the week at 2,007. Economically significant regulations may be a thing of the…
The Washington Examiner
10% tariff, 100% bad idea
Former President Donald Trump recently pledged to enact a universal 10% tariff on all imports if he regains the presidency. His…
CBS Austin
Investors, economists hope to gain hints for what’s next as Federal Reserve meets
CBS Austin cites Senior Fellow Ryan Young on Federal Reserve chairman Jerome Powell’s speech: “Everyone’s gonna be interested in ‘what’s the Fed going to do…
Blog
This week in ridiculous regulations: baby bumpers and AI campaign ads
A wildfire in Hawaii killed more than 100 people. Donald Trump was indicted again. Meanwhile, agencies issued new regulations ranging from magnificent ramshorns to pasteurized…
Blog
This week in ridiculous regulations: ice fog and pre-merger paperwork
Inflation more or less held steady. The FTC is reportedly getting ready to file an antitrust suit against Amazon. The Federal Register had…
News Release
Falling energy prices mask inflation, despite official numbers showing little change from June to July: CEI analysis
The Consumer Price Index ticked up slightly from June to July, but CEI Senior Economist Ryan Young explains why the true inflation problem was…
Blog
This week in ridiculous regulations: steroids and cyber scholarships
Unemployment remained at 3.5 percent, and Donald Trump got indicted again. Meanwhile, agencies issued new regulations ranging from cooking products to squid harvests. On to…
News Release
Economy adds 187,000 jobs in July 2023: CEI analysis
The U.S. economy added 187,000 jobs in July, according to the Labor Department’s Bureau of Labor Statistics. Not spectacular but not bad, say CEI…
National Review
The FTC’s Flawed Antimerger Ideology
The Biden administration has unveiled a draft version of new merger guidelines, courtesy of the Federal Trade Commission and the Department of…
Blog
New merger guidelines have a concentration problem
The new draft merger guidelines from the FTC and the Justice Department have sparked a lot of commentary. Over at National Review’s Capital Matters…
Blog
This week in ridiculous regulations: dishwashers and shore leave
The Federal Reserve raised interest rates again, and GDP grew at a healthy 2.4 percent annualized rate. Meanwhile, agencies issued new regulations ranging…
Blog
Raise the Wage Act reintroduced, still wouldn’t help workers
Rep. Bobby Scott (D-VA) has reintroduced the Raise the Wage Act, which would raise the federal minimum wage from $7.25 per hour. Previous…
News Release
Economy avoids recession, grows 2.4 percent – but falls short: CEI analysis
GDP numbers released this morning show a healthy 2.4 percent annualized growth in the second quarter. CEI Senior Economist Ryan Young thinks it could…
News Release
Fed raises interest rates, as needed: CEI analysis
The Federal Reserve decided to raise the federal funds rate a quarter of a percent, as expected, at today’s Federal Open Market Committee meeting.
The Washington Examiner
Carbon tariffs will hurt trade, national interests, and consumers
Carbon tariffs are a bad idea that won’t go away, and now the European Union has launched the first one, the …
Blog
Carbon tariffs are all pain, no gain
Europe recently introduced a carbon tax. The proposed PROVE IT Act would lay the groundwork for one in the United States. Over in the…
Blog
This week in ridiculous regulations: soybean standards and pain medication limits
The FTC issued its new draft merger guidelines. Meanwhile, agencies issued new regulations ranging from milk marketing to Postal Service snitches. On to the…
Letters
Letter of Support on the Small Business Regulatory Reduction Act and the POST IT Act
Blog
This week in ridiculous regulations: nuclear debt collection and high airports
The FTC lost another major antitrust case, this time its bid to stop the Microsoft-Activision merger. CPI inflation dropped to 3 percent, though…
News Release
July CPI report shows key inflation measure still too high
The Bureau of Labor Statistics (BLS) released its latest report on the Consumer Price Index (CPI) today, showing inflation up 3 percent from one…
Blog
This week in ridiculous regulations: NASA designations and automatic braking
It was a four-day work week due to Independence Day. Meanwhile, agencies issued new regulations ranging from pot catchers to viticultural areas. On to the…
News Release
Economy adds 209,000 jobs in June, fewer than expected: CEI analysis
The U.S. economy added just 209,000 jobs in June 2023, under-performing compared to expectations. CEI economy and labor experts offer analysis on what this…
Blog
This week in ridiculous regulations: historical captain permits and apricot marketing
The Supreme Court agreed to hear CEI’s Moore v. U.S. tax case in its upcoming term. It also handed down rulings in controversial cases…
The Economic Standard
Adam Smith on how trade makes us better people
Economists love efficiency. That is why most of them love free trade. Countries with relatively free trade also tend to be …
Blog
Adam Smith on how trade makes us better people
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
Blog
This week in ridiculous regulations: reporting stolen drugs and nuclear tariffs
The 2023 Federal Register is on pace to be the third largest in its 86-year history, behind only Obama and Trump’s midnight rush years in…
Blog
Fed Chair Powell hearing: more to do on inflation
At his semiannual congressional testimony this week, Federal Reserve Chairman Powell hinted that the Fed likely is not done raising interest rates. This comes…
Blog
Das Adam Smith problem? Nein!
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
Blog
This week in ridiculous regulations: tart cherry assessments and big cat safety
The House passed two regulatory reform bills, the REINS Act and the Separation of Powers Restoration Act. The Federal Reserve held interest rates steady. Meanwhile,…
Blog
Adam Smith on how to love and be lovely
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
News Release
House passes sensible regulatory reform bills to shrink power of the administrative state
Earlier today, the House passed 220 to 211 the Separation of Powers Restoration Act (SOPRA) sponsored by Rep. Scott Fitzgerald (R-WI).
News Release
Fed holds interest rates steady but shouldn’t have: CEI analysis
The Federal Reserve decided to leave the federal funds rate unchanged at today’s Federal Open Market Committee meeting. CEI senior economist Ryan Young argues…
Blog
The real Adam Smith
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
News Release
Inflation Slows, Fed Actions Pay Off: CE Analysis
Consumer prices rose 0.1 percent in May (up 4 percent this past year), according new inflation data released today by the Labor Department. Inflation…
Blog
This week in ridiculous regulations: fireworks shows and cybersecurity subsidies
Russia destroyed a major dam in Ukraine, putting thousands of homes and a nuclear power plant at risk. Former President Donald Trump was indicted again.
Blog
This week in ridiculous regulations: electric motors and small business loans
Congress and President Biden reached a debt ceiling deal. Texas attorney general and antitrust hawk Ken Paxton was impeached. Meanwhile, agencies issued new regulations ranging…
News Release
Labor Market Remains Strong Despite Participation Rate Below Pre-Pandemic Levels
The Bureau of Labor Statistics (BLS) at the Department of Labor found employers added 339,000 new jobs in May, according to a new report.
Blog
This week in ridiculous regulations: baby formula labels and room air conditioners
Happy Memorial Day, everyone. The Supreme Court upheld property rights in a 9-0 decision in Tyler v. Hennepin County, in which CEI joined…
Blog
This week in ridiculous regulations: lowfat yogurt and halibut sharing
Debt ceiling negotiations remain stalled, and will likely remain that way until the deadline draws nearer. The Supreme Court left Section 230 intact. A…
Blog
Robert Lucas, economist of possibilities, 1937-2023
Robert Lucas, 85, passed away this week. He was a prominent macroeconomist who won the 1995 economics Nobel. Others have remembered Lucas’s contributions to rationality…
Blog
This week in ridiculous regulations: toy guns and trophy fisheries
The 2023 Federal Register topped 30,000 pages on May 8. New inflation numbers looked better on the surface, but actually got worse. A new…
News Release
Inflation worse than headline number suggests
The annual inflation rate in April was the lowest it’s been in two years, according to Labor Department data released today – 4.9 percent. That…
Blog
This week in ridiculous regulations: cloudy guidance documents and potato ledprona
The number of new final regulations this year topped 1,000 last week. It was the rare 3,000-page for the Federal Register, which will likely surpass…
News Release
253,000 Jobs Added in April 2023, but Labor Force Participation Lags
The U.S. economy added 253,000 jobs in April, according to the U.S. Bureau of Labor Statistics, but the labor force participation rate remains troubling,…
News Release
Fed Rate Increase the Right Move for Economy, Credibility
As expected, the Federal Reserve raised the federal funds rate by a quarter percentage point. CEI senior economist Ryan Young supports the move:…
Blog
The week in ridiculous regulations: Oklahoma emissions and Big Creek crayfish
GDP grew by 1.1 percent in the first quarter of 2023. Cable news hosts Tucker Carlson and Don Lemon were both fired. Meanwhile, agencies…
News Release
US Economy Grew 1.1 Percent First Quarter 2023 – Could Be Worse: CEI Analysis
The U.S. economy grew 1.1 percent in the first quarter of 2023, according to the Bureau of Economic Statistics. It may seem underwhelming, but…
Blog
The week in ridiculous regulations: otter casualties and moving the goalpost
Fox News settled its defamation case over its false reporting on the 2020 election with voting machine maker Dominion. The Consumer Financial Protection Bureau…
News Release
UK Competition and Markets Authority Anti-Merger Ruling Undermines Consumer Interests
The UK’s Competition and Markets Authority (CMA) is blocking Microsoft’s $69 billion acquisition of video game developer Activision Blizzard out of fear the deal…
News Release
House Republicans Helpfully Tie Government Reforms to Debit Limit Deal
House Republican leadership yesterday released the text of their debt limit deal which trades a suspension or increase in the debt limit for a number…
Blog
Biden Executive Order Harms Transparency
The Biden administration recently issued an Executive Order making major changes to the regulatory system, although almost nobody noticed thanks to culture war drama…
Blog
This Week in Ridiculous Regulations
Headline CPI inflation went down slightly, but a deeper look shows that things got slightly worse. Meanwhile, agencies issued new regulations ranging from low-fat…
News Release
CPI Slowed in March, More Tightening Necessary to Get Inflation Under Control
The U.S. Bureau of Labor Statistics released its Consumer Price Index Summary today, showing CPI increased by 0.1 percent in March 2023. CEI Senior Economist…
Blog
This Week in Ridiculous Regulations
An Executive Order from the Biden administration made some of the biggest system-level regulatory changes in years. It raises the threshold for “economically significant”…
News Release
236,000 Jobs Added in March 2023
The U.S. economy added 236,000 jobs in March, according to the U.S. Bureau of Labor Statistics, suggesting good and bad future trends, say CEI…
News Release
FTC Antitrust Overreach Threatens Health of Americans at Risk of Cancer Diagnosis
The Federal Trade Commission (FTC) today ordered Illumina to unwind its acquisition of Grail, a $7 billion deal that would add an early cancer…
Blog
This Week in Ridiculous Regulations
Finland, which borders Russia, is joining NATO. Former President Donald Trump was indicted by a grand jury. Meanwhile, agencies issued new regulations ranging…
Blog
This Week in Ridiculous Regulations
The Federal Reserve raised the federal funds rate, signaling it intends to hold firm on fighting inflation. Meanwhile, agencies issued new regulations ranging from…
National Review
The Fed’s Risky Rate Increase Helped Its Credibility to Reduce Inflation
The Federal Reserve raised the federal funds rate again on Wednesday, in its latest move to bring inflation back down to normal. Most people…
Blog
Fed Credibility Depends on it Continuing to Raise Rates
Today’s federal funds rate hike is good news because it signals commitment. That will help the public to expect the Fed to continue to…
Blog
This Week in Ridiculous Regulations
Silicon Valley Bank’s failure was the confluence of bad management and bad regulations. It could also complicate the Fed’s inflation-fighting efforts. Meanwhile, agencies…
News Release
CEI Economist: Inflation Remains High, Fed should Keep Raising Rates
The Consumer Price Index rose 0.4 percent in February, according to the U.S. Bureau of Labor Statistics. Amounting to an annual inflation rate of…
Blog
This Week in Ridiculous Regulations
President Biden released a $6.8 trillion proposed budget. The labor force grew by 311,000 people in February. Meanwhile, agencies issued new regulations ranging…
Blog
Regulatory Reform in the 118th Congress: The ALERT Act
Transparency is a vital part of good government. It is also lacking in the regulatory process. H.R. 262, The All Economic Regulations are Transparent…
News Release
Economy Adds 311,000 Jobs in February 2023 – Good News
The U.S. economy added 311,000 jobs in February, according to the U.S. Bureau of Labor Statistics, more than expected by experts. Competitive Enterprise Institute…
News Release
Biden Budget Amounts to Top-Down Central Planning, Lacks Needed Reforms
President Biden today unveiled his latest budget submitted to Congress. CEI experts take a dim view of the agenda of excess spending and regulation…
Blog
This Week in Ridiculous Regulations
CEI published a new paper on right-to-repair legislation and held a hill briefing about regulatory reform and other topics. Meanwhile, agencies issued new…
Blog
Regulatory Reform Bills in the 118th Congress: The Article I Regulatory Budget Act
The federal government is supposed to put out an annual budget to track its spending. Why doesn’t it do the same thing for regulation? The…
Blog
This Week in Ridiculous Regulations
Last Friday marked the one-year anniversary of Vladimir Putin’s unprovoked invasion of Ukraine. CEI released a new paper on the FTC’s upcoming merger guideline…
Blog
This Week in Ridiculous Regulations
The 2023 Federal Register topped 10,000 pages on February 16. Inflation remained high, but is still below its peak. FTC Commissioner Christine Wilson…
Blog
The Judiciary Is Skeptical of FTC Power Grabs in Meta/Within Case
The FTC tried to stop a merger between Facebook’s parent company Meta and the virtual reality app developer Within Unlimited. A court recently ruled against…
Blog
New CEI Paper on New Merger Guidelines
Any day now, the Federal Trade Commission (FTC) will release new merger guidelines. FTC Chair Lina Khan has not yet released a draft of the…
Blog
Regulatory Reform Bills in the 118th Congress: The Less Is More Resolution
Often, spending is regulation in disguise. The 185,000-page Code of Federal Regulations is not the only way Washington regulates the economy. The federal government…
National Review
FTC Runs into the Judicial Wall
National Review
FTC Runs into the Judicial Wall
The Federal Trade Commission’s (FTC) antitrust crusade has run into an obstacle: the judiciary. Indeed, the agency wants to expand its authority and broaden enforcement standards so…
Blog
Regulatory Reform Bills in the 118th Congress: The GOOD Act
Regulatory dark matter is a serious problem. Agencies are supposed to run new regulations through a formal process which includes publishing a draft version of…
Blog
Mixed Inflation News for January
Today’s inflation news is mixed. We’re still almost certainly past the worst of the COVID inflation, but January’s numbers took a turn for the…
Blog
This Week in Ridiculous Regulations
An earthquake killed at least 20,000 people in Turkey. President Biden delivered the State of the Union speech. Meanwhile, agencies issued new regulations ranging from…
Blog
Regulatory Reform Bills in the 118th Congress: The REINS Act
Every new session of Congress is a new chance to enact substantive regulatory reform. This post inaugurates an occasional series highlighting reform bills that have…
Blog
State of the Union and Inflation
Presidents, like quarterbacks, get too much blame when things go badly, and too much when things go well. Look for President Biden to take advantage…
Blog
This Week in Ridiculous Regulations
The Federal Trade Commission (FTC) had a setback in one of its cases against Meta. The Fed raised interest rates. Meanwhile, agencies…
News Release
Economy Adds 517,000 Jobs in January: CEI Analysis
The U.S. economy added 517,000 jobs in January 2023, according to newly released government numbers. That’s higher than expected. CEI experts explain what it…
News Release
Latest Fed Interest Rate Increase Brings Us Closer to a Soft Landing: CEI Analysis
The Federal Reserve today announced an interest rate increase of a quarter percentage point, as expected. CEI Senior Economist Ryan Young says the series of…
Blog
FTC Should Not Trade Consumer Welfare for an Antitrust Crystal Ball
Blog
This Week in Ridiculous Regulations
The Department of Justice filed another antitrust lawsuit against Google. GDP numbers for the final quarter of 2022 looked healthy. Meanwhile, agencies issued new regulations…
News Release
Good News on Economic Growth: CEI Analysis
The U.S. Commerce Department’s Bureau of Economic Analysis released data today showing the economy grew 2.1 percent in 2022. CEI Senior Economist Ryan Young…
News Release
Why DOJ’s Antitrust Suit Against Google’s Digital Ad Business Misses the Mark
The Department of Justice (DOJ) filed a lawsuit against Google today, a division of parent company Alphabet, alleging the company has a monopoly over digital…
Blog
Adam Smith, Greek Tragedy, and Public Policy
In high school civics classes, Adam Smith is a cartoon character. Like Mr. Burns from The Simpsons, he is portrayed as selfish, cold, and calculating.
Blog
This Week in Ridiculous Regulations
The U.S. government hit its debt ceiling, setting up some congressional drama. Microsoft and Google joined the parade of antitrust targets announcing layoffs despite…
Blog
The Debt Ceiling and the Trillion-Dollar Coin
Another debt ceiling battle is brewing, and pundits are debating what to do about it. Over at National Review’ Capital Matters, I take a look…
Blog
This Week in Ridiculous Regulations
Inflation fell to a 6.5 percent annual pace. Supporters of former Brazilian President Jair Bolsonaro staged their own version of January 6. An…
National Review
Can a Trillion-Dollar Coin Repay Our Debt?
The red wave that wasn’t has consequences for policy-making in Washington. One result of the GOP’s new, narrow House majority is that outlandish and marginal policy…
News Release
Inflation Ticks Down in December – Fed Should Stay on Course, CEI Economist Urges
Good news – the annual inflation rate fell from 7.1 percent in November to 6.5 percent in December, according to the latest consumer price…
Blog
Federal Reserve Declines to Become Climate Regulator
Most agencies can either do one thing well or many things poorly. For example, the Federal Reserve would be perfectly capable of keeping inflation low…
Blog
This Week in Ridiculous Regulations
The new Congress began with a lot of drama over selecting a speaker. The Federal Trade Commission announced its intention to ban non-compete clauses.