Blog
Mixed News on CPI: Headline Rate Improves, Core Rate Accelerates
The Consumer Price Index (CPI) for August is out. It increased 8.3 percent over the last year, down from 8.5 percent in July. The…
Blog
This Week in Ridiculous Regulations
Queen Elizabeth II passed away at age 96. Meanwhile, in a four-day week, agencies issued new regulations ranging from St. Louis bridges to Atlantic krill…
Blog
Fed Chairman Powell’s Remarks at Cato Monetary Conference
Every year, our friends at the Cato Institute hold a monetary policy conference. This year’s conference opened with Cato President Peter Goettler interviewing Federal…
Blog
This Week in Ridiculous Regulations
The labor market continues to look strong, and the Federal Trade Commission lost its attempt to keep an early cancer-detection test off the…
News Release
CEI Experts React to August Jobs Numbers
The Labor Department’s Bureau of Labor Statistics reported 315,000 new jobs in the month of August, slightly below market expectations. The unemployment rate rose to…
News Release
Judge Rules Illumina-Grail Merger is Legal Despite FTC Antitrust Accusations
In a decision reached today, an administrative judge ruled that a proposed merger between Illumnia and Grail can proceed after ruling against a move…
Blog
This Week in Ridiculous Regulations
President Biden announced partial student loan forgiveness for people earning up to $125,000. The number of new final regulations this year topped 2,000. Meanwhile, agencies…
Blog
The Fed’s Preferred Inflation Measure Improves, Mixed Picture on Consumer Spending
Two new economic indicators published Friday morning give reason for cautious optimism. The Consumer Price Index (CPI) is the inflation measure that gets the…
Blog
Student Loan Forgiveness Is Regressive, Will Increase Tuition
When the Inflation Reduction Act passed, I pointed out that its $300 billion in tax increases and spending cuts would not begin to phase…
Blog
This Week in Ridiculous Regulations
The 2022 Federal Register surpassed 50,000 pages last week. Meanwhile, agencies issued new regulations ranging from hearing aids to vessel repair duties. On to the…
Blog
CDC Restructuring Shows that Institutions Matter
One of my policy mantras is that institutions matter. That’s why the Centers for Disease Control and Prevention’s (CDC) restructuring announcement is big…
Blog
This Week in Ridiculous Regulations
The FBI raided former President Trump’s Mar-a-Lago residence in Florida. Meanwhile, agencies issued new regulations ranging from street markings to salmonella prevention. On to the…
Blog
CPI Gives Reason for Cautious Optimism on Inflation
Inflation may finally be coming down. July’s month-to-month Consumer Price Index (CPI) increase dropped to zero last month, down from 1.3 percent in June. The…
Blog
This Week in Ridiculous Regulations
The Inflation Reduction Act, which would not reduce inflation, is now expected to pass after Sen. Kyrsten Sinema agreed to sign on. Meanwhile, agencies issued…
News Release
U.S. Economy Adds 528k Jobs In July Amid Inflation and Shrinking GDP, but Congress isn’t Helping: CEI Analysis
The U.S. economy added 528,000 in July, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today.
Blog
This Week in Ridiculous Regulations
GDP shrank, the Federal Reserve increased the federal funds rate, the Senate passed the CHIPS+ Act to subsidize chipmakers, and the Build…
News Release
GDP Woes Worsened by Lawmakers’ ‘Ready, Fire!, Aim” Spending Spree
Gross domestic product fell by 0.2 percent in the second quarter, according to the U.S. Commerce Department. Already there was a 0.4 percent decline in…
News Release
Manchin/Schumer Deal on Health Care, Energy Spending is Bad News for Inflation, Taxpayers
Senate Majority Leader Chuck Schumer and Senator Joe Manchin reportedly announced a surprise deal on July 27 that resuscitates Democrats’ big government spending ambitions on…
News Release
Statement by CEI Senior Fellow Ryan Young on the Fed’s Interest Rate Hike
The Federal Reserve today announced a 0.75 percentage point increase in the federal funds rate. It is the fourth such increase this year, and part…
News Release
Senate-Passed Corporate Welfare “CHIPS” Bill Won’t Help U.S. Companies Out-Compete China
The Senate today passed the CHIPS+ Act, a bill that would hand over tens of billions of tax dollars to domestic production of semiconductors. CEI…
Blog
The Facebook Antitrust Case Is Aging Poorly
Antitrust cases often take years to litigate. While wasteful, this isn’t always a bad thing. The politics surrounding a case might stay the same, but…
Blog
Getting Inflation Wrong and Making It Right
Everyone makes mistakes. Owning up to them is an underrated life skill that is almost non-existent among political pundits. Doubling down when threatened is a…
Blog
This Week in Ridiculous Regulations
President Biden signed the FORMULA Act, which will temporarily suspend baby formula tariffs and other regulatory measures that made the formula shortage worse. Footage emerged…
Blog
Former Trade Official Opposes Minor Tariff Relief
Now that former President Trump’s China tariffs are four years old, a mandatory review process is underway. President Biden has indicated he might lift…
Blog
This Week in Ridiculous Regulations
The James Webb Space Telescope sent back its first images, and they are amazing. The Consumer Price Index increased 9.1 percent over the last…
Blog
Certification Program Goes Bananas
Private regulation is an excellent alternative to government regulation, if done right. One form it can take is independent certification. For decades, groups like the…
Blog
Inflation Sped Up in June: What’s Going On?
Last month, it had looked like inflation may have peaked. That celebration was likely premature. According to numbers released this morning, the Consumer…
Blog
This Week in Ridiculous Regulations
Former Japanese Prime Minister Shinzo Abe was assassinated while giving a speech. Boris Johnson resigned as UK Prime Minister. Jobs numbers remained strong in the…
News Release
U.S. Economy Adds 372,000 Jobs in June – Good News for Recession Worries
The U.S. economy added 372,000 jobs in June 2022, according to a new tally released today by the government. Meanwhile, the unemployment rate held steady…
Blog
China Tariffs: Will Inertia Win?
Former President Trump’s China tariffs came with a safeguard: They expire after four years unless an internal review finds them worth keeping. On trade issues,…
Blog
This Week in Ridiculous Regulations
Happy Independence Day, everyone. The Supreme Court issued a major ruling on the separation of powers in the case West Virginia v. EPA. Agencies…
National Review
Regulators’ Misguided Crackdown on Nicotine Products and Their Makers
Federal agencies must really love black markets. Last week, the Food and Drug Administration (FDA) announced a plan to limit nicotine in cigarettes and …
Blog
The FTC vs. the Right to a Fair Trial
The Food and Drug Administration recently proposed capping the nicotine in cigarettes, which will encourage many smokers to smoke more to get the same nicotine…
Blog
This Week in Ridiculous Regulations
The January 6 hearings continued and the Supreme Court overturned Roe v. Wade. Agencies issued new regulations ranging from nuclear fees to pelagic resources. On…
Blog
Crisis Abuse in History
Last week, CEI released Wayne Crews’s paper proposing an Abuse of Crisis Prevention Act. (If you prefer the short version, see Wayne’s and my…
Blog
Yellen Proposes Capping Oil Prices? Not Quite
Cable news and Twitter are aflame with outrage today that Treasury Secretary Janet Yellen proposed price caps for oil. Fortunately, the rumors are false.
Blog
This Week in Ridiculous Regulations
Happy Juneteenth, everyone. The January 6 hearings continued. The Federal Reserve raised the federal funds rate by 0.75 percentage points. Agencies issued new regulations ranging…
Blog
New CEI Paper: Abuse of Crisis Prevention Act
Government always grows during a crisis. And it rarely gives up all of its emergency powers when the crisis passes. This has already happened three…
National Review
The Case for Letting Crises Go to Waste
If there is an iron law in politics, it’s that when crisis hits, government grows. Rahm Emanuel, President Obama’s chief of staff, advised that politicians should…
Richmond City Daily Journal
Baby formula shortage should spur new thinking about regulations
But I’ve also observed enough government regulation to know that the rules might be unnecessary. State authorities expressed their willingness to dispense with…
Blog
This Week in Ridiculous Regulations
The Hill
An independent commission can bypass congressional dysfunction and help solve the worker shortage
Job openings have been at record highs for a while now, but companies can’t find the workers to fill them. How can Congress help? That…
Blog
One Way to Address Worker Shortage: A Commission to Clear Out Job-Blocking Regulations
Earlier this week, the Senate Small Business and Entrepreneurship Committee held a hearing to discuss ways to address the worker shortage. There are more than…
Blog
CPI Slightly Up, Inflation Slightly Down?
The Consumer Price Index (CPI) for May increased to an annualized 8.6 percent rate over the last year, reaching another new 40-year high. Even so,…
Blog
This Week in Ridiculous Regulations
The unemployment rate held steady at 3.6 percent. The K-Pop group BTS made an official visit to the White House. Agencies issued new regulations…
News Release
Latest Employment Report Shows COVID Effects Lingering, Inflation Taking Toll
WASHINGTON—The Department of Labor reported today a gain of 390,000 jobs last month and that the unemployment rate remained at 3.6 percent, as did…
Blog
Restating the Case for Free Trade
The case for free trade needs to be restated frequently. Politicians keep pushing the same protectionist policies, as though maybe this time the results will…
Blog
This Week in Ridiculous Regulations
Just before the long Memorial Day weekend, the third version of the American Innovation and Choice Online Act, a major antitrust bill, was introduced in…
Blog
Trade, Mission Creep, and the Indo-Pacific Economic Framework
President Biden announced this week a major economic agreement with a dozen countries in the Indo-Pacific region, to be called the Indo-Pacific Economic Framework…
Blog
This Week in Ridiculous Regulations
The government’s Disinformation Board was ended before it began. President Biden invoked the Defense Production Act to address the baby formula shortage. The…