National Review
Omnibus Bill: Search in Vain for the Regulatory Relief
There are certainly some good things in the Omnibus Spending/Tax Extenders bills that dropped early this morning (though I…
National Review
Highway Robbery: Bill Gives IRS Power over Passports
Iain Murray discusses the provision to the highway bill that allows the IRS to revoke passports. This Thanksgiving, we were missing a family…
Blog
A Fundamental Misunderstanding of Free Enterprise
Today, in The Guardian, columnist Zoe Williams repeats an idea often advanced by progressives, that entrepreneurial activity is dependent on the action of others, especially “government,”…
Watchdog.org
Even after stunning October jobs report, regulations are holding the economy back
Watchdog.org reviews October national jobs report and discuses the issue with Iain Murray who claims regulations may be slowing down economic growth. Iain…
Foundation for Economic Education
How the State Keeps You Working Long Hours
Entrepreneur Tim Ferriss found he had a mega-hit on his hands with his 2007 book, The 4-Hour Workweek, a paean to a new attitude toward…
Blog
Bureau of Labor Statistics Releases October Jobs Report
National Review
Why Liberals Secretly Love Corporations
Iain Murray, in his article for the National Review, investigates why the Left pushes regulatory policies that support the old corporate structure even though this is contrary to…
Blog
Halloween Not So Scary for Parents
When it comes to Halloween these days, it seems that parents scare more easily than their children. For the past 15 years, I have checked…
National Review
Regulatory Freeze Needs to Be Part of the Deal
Iain Murray discusses regulatory reform in the National Review: Representative Bill Flores’s Terms of Credit Act, which sought to pair the debt limit…
The Freeman
Depression-Era Laws Threaten the Sharing Economy
Imagine you’re driving for Uber or Lyft. As an independent contractor, you enjoy setting your own work hours, picking up people you like chatting with…
Blog
Back to the Future in Payments Technology
One of the things Back to the Future Part II almost got right about 2015 was how Biff paid for his cab ride—with a thumbprint. A lot…
Blog
Fed Reacts to Job Reports, Why Doesn’t Department of Labor?
We had another jobs report below expectations this morning, coupled with a rare revision downwards of last month’s jobs report. This ends a summer of jobs…
The Daily Caller
Stalled Unemployment Spells Bad News for the Economy
The Daily Caller cites CEI's report by Iain Murray on the recent announcment of job editions. Palley also argued the Federal Reserve should not…
Blog
World Bank Increases Number of Poor
The World Bank is considering changing its definition of what constitutes extreme poverty, raising the level below which someone is treated as extremely poor from $1.25…
Blog
Transparency in Card Fees: Where Does the Argument Stop?
There are three ways banks that issue credit and debit cards can gain revenue from them: interest rates (in the case of credit cards) charged…
National Review
A Better Road Map than the U.N.’s to Empower the Poor
Study
Real Goals to Empower the Developing World
The United Nations is soon due to replace its ambitious Millennium Development Goals with a new set of far more extensive and even more ambitious…
Blog
Australian Reserve Bank Gets the Economics Wrong on Interchange Fees
A new report commissioned by the International Alliance for Electronic Payments, of which CEI is a member, finds that the Reserve Bank of Australia…
Blog
NLRB’s Joint-Employer Ruling: Payback for Unions at Workers’ and Business’ Expense
In a radical new ruling, the National Labor Relations Board (NLRB) late last week threw all American franchise and contract businesses into a state of…
The Freeman
World’s Poor: “We Want Capitalism”
Daily Caller
NLRB Upends Franchising And Contracting In Landmark Case
Iain Murray talks to the Daily Caller about the devastating effects of the NLRB Joint Employer ruling: The impact could be great. Many…
Blog
The NLRB Declines Jurisdiction in College Athlete Unionization Case
The National Labor Relations Board has declined the opportunity to rule on whether or not college athletes are employees and can therefore be…
The Freeman
Liquid Capital Was the First Killer App
The sharing economy is older than smartphone apps. The modern financial system may be the first example to have evolved. Rather than sharing capital assets…
Blog
The Administration Is about to Upend American Business Practices
It is probably the biggest change in American employment law since the National Labor Relations Act and its reform in the 1930s and ‘40s, but…
Blog
CEI and Allies Submit Evidence to Australian Senate Inquiry on Credit Cards
Today, CEI and other members of the International Alliance for Electronic Payments joined the Australian Taxpayers Alliance in submitting evidence to an Australian Senate inquiry into credit…
Comment
IAEP Submission to Australian Senate on Credit Card Interest Payments
Full Document Available in PDF Credit card interest rates and other features are only partly driven by factors such as the Reserve…
Blog
Financial Regulation and Payments Update: July 31, 2015
Last week saw the fifth anniversary of Dodd-Frank and there was a great deal of commentary from opponents of the act, not least from us…
Blog
Dodd-Frank’s Dire Legacy: The Durbin Amendment
Study
How Dodd-Frank Harms Main Street
The financial crisis of 2007-2008 was a drastic shock to the American economy. Now five years after being signed into law, Dodd-Frank was just as powerful…
National Review
There Is No ‘Deal’ to Reauthorize Ex-Im
I am bemused by Senator Cruz’s volte-face on trade-promotion authority. There is no deal to reauthorize the Export-Import Bank (which CEI, like…
National Review
Raisins Takings Case Goes Back to Magna Carta
One of the oddest cases the Supreme Court decided today also should have been one of the simplest. In Horne v USDA the very simple…
National Review
The True Myth of Magna Carta
Today, Britain, America, and other Anglosphere countries celebrate the 800th Anniversary of the sealing of Magna Carta. In that meadow, tranquil to today (at least…
The Freeman
The Poor Need Affordable Energy
Affordable energy is fundamental to what economist Deirdre McCloskey calls the “Great Fact” of the explosion of human welfare. It remains central to the…
National Review
America’s Own FIFA: the EPA
The Freeman
Britain Back from the Brink of Socialism (For Now)
RealClear Policy
Special Interests vs. Trade Promotion Authority
With the United States currently negotiating two mammoth trade agreements, President Obama being granted Trade Promotion Authority (TPA) is far from a done deal. Opposition…
The Freeman
The UK’s Return to Socialism
Blog
UK Banks End Reward Programs in Anticipation of Interchange Fee Caps
File this one under “we told you so.” The Independent reports a scale-back in credit card reward programs in the United Kingdom: The…
Blog
Operation Choke Point: The CFPB Is Now in Charge
I suggested at TheBlaze some weeks ago that even as the Federal Deposit Insurance Corporation was stepping back from its involvement in Operation Choke Point, the…
Comment
Remarks at the International Alliance for Electronic Payments Panel on EU Interchange Fee Regulations
Blog
International Panel Outlines Problems with EU Interchange Fee Regulation
On March 17, an international panel of experts gathered in Brussels to discuss the proposed EU interchange fee regulations that are set to be approved…
Blog
Human Achievement of the Day: Bitcoin
On the eve of the financial crisis of 2007-8, financial systems had grown extremely sophisticated, but were still essentially based on a model of trust.
Products
Wall St. attacked, Main St. wounded
Washington Examiner
No Currency Manipulation Rules in Pacific Trade Deals a Good Thing for Americans
Last week, President Obama told Congressional Democrats not to expect any rules against “currency manipulation” in the forthcoming Trans-Pacific Partnership (TPP) trade deal. This is…
The Blaze
Operation Choke Point: Consumer Protection Bureau Can Act as Judge, Jury and Executioner to Targeted Businesses
The Obama administration has been waging an undeclared war on businesses it doesn’t like by stretching executive authority beyond its proper bounds. Known as Operation…
The Freeman
Greece Jumps from Scylla to Charybdis
Every Greek child reads Homer in school. So Greek children are familiar with the legend of Scylla and Charybdis, from Homer’s Odyssey. The sailor Odysseus,…
Blog
FDIC Retreats from Operation Choke Point
In a partial victory for all those campaigning against the abuse of power known as Operation Choke Point (see our comprehensive study here), the Federal…
The Blaze
Obama’s Abuse of the Veto Makes Him an ‘Imperial President’
Just a few days into the new Congress, and President Barack Obama already has made three—count ‘em—credible veto threats. Representatives and Senators had barely started…
The Freeman
The Importance of Free Speech to Human Progress
The Blaze
Want to Help Someone Rebuild Her Business? Better Lawyer Up!
Neighbors and people across the nation were appalled when local shops in Ferguson, Missouri, burned down during the recent disturbances there. Thankfully, family, friends, and…
The Freeman
Kickstarting It Old School
Blog
Rep. Leutkemeyer Moves to Choke off Operation Choke Point
The release this week of a new House Oversight and Government Reform Committee staff report into Operation Choke Point provides another opportunity to underline just how…
Washington Examiner
What Lame Ducks Might Do
Iain Murray spoke with the Pittsburgh Tribune-Review on Congress' Lame Duck December Q: With just a handful of legislative days remaining in December, what concerns…
Blog
Corporate Action against Disease Points Way to Resiliency Strategy for Developing World
In a piece at The Freeman today, I examine how corporations in the developing world have reacted to the threat to their workers from diseases such…
The Freeman
Greedy Corporations Save Lives
With Ebola wreaking havoc across West Africa, news that a private company has virtually eradicated the disease on its extensive property invites sighs of relief.
CNBC
Why Retailers are Wrong on Apple Pay
There's a war going on for your wallet. Around the world, the credit and debit cards we use every day are under threat from a…
The Blaze
Dodd-Frank Court Case Could Provide Injunctive Relief for America
The Dodd-Frank Act of 2010 has been a disaster for our financial system. Passed in haste after the financial crisis ostensibly in order to stop…
Blog
The Long National Nightmare of Dodd-Frank Is Almost Over
One of the prime reasons for the continuing economic uncertainty that bedevils so many ordinary Americans is the presence in law of the Dodd-Frank Act…
American Spectator
No Triple Mandate for the Federal Reserve
A recent speech by Federal Reserve Chair Janet Yellen got considerable attention over her subtly implied suggestion that the Fed consider taking on a…
Washington Examiner
Minimum Wage, Maximum Damage
This article was originally published at the Washington Examiner on October 27, 2014. There are few policies more popular than increasing the federal minimum…
The Blaze
Has Operation Choke Point Ended?
Has your bank account been canceled for no good reason? If you’re in a business the government doesn’t like, soon it could be. Firearm sellers,…
The Freeman
Freedom and Whisky Go Together
On Thursday, Scottish voters will decide whether to dissolve the 300-year-old union with England and Wales or remain in it. Until a few weeks ago,…
The Freeman
Sending Money Home: Technology or Bureaucracy?
Blog
The Impending BitLicense and Premature Regulations
Last month, the New York State Department of Financial Services (NYDFS) announced its proposed regulations for businesses engaged in “Virtual Currency Business Activity.”The Department defines these businesses…
Products
Deputizing America
The Freeman
Deputizing America
Study
Cutting the Gordian Knot: A Road Map for British Exit from the European Union
This study was originally published at the Institute for Economic Affairs as a finalist for the 2014 IEA Brexit Prize coauthored with Rory…
Study
Operation Choke Point
Can the government shut down legal but politically disfavored businesses? If an ongoing federal regulatory campaign continues, that may be precisely what happens.
Products
Study: Collective Bargaining Slows Economic Growth, Lowers Wages
Collective bargaining may not be the boon for workers that labor unions claim it is, according to a new study. The Competitive Enterprise Institute (CEI),…
The Freeman
A Petition from the Booksellers
To the Parliament of France, Gentlemen, you are on the right track. Time and again you have shown your willingness to defend the humble French…
The National Review
The Federal Reserve Overreaches
Is the Federal Reserve after your debit and credit cards? In a move little noticed except by those in the payments industry, the Federal Reserve…
The National Review
How the High Costs of Public-Sector Pensions Affect States’ Economic Growth
Today my colleagues and I on the labor team at the Competitive Enterprise Institute released the first installment in CEI’s new three-part series ”The High…
The Freeman
Breathtaking Lawlessness
America’s federal executive branch has met some setbacks as of late. Two recent Supreme Court rulings have constrained the administration’s impulse to act as it…
Blog
Separation of Powers Survived Today by a One-Vote Margin
My colleagues over at GlobalWarming.org are already mulling over what today’s ruling in UARG v. EPA means for the future of American industry and energy production, but there’s…
Blog
India Takes Action against Eco-Colonialism
In The Really Inconvenient Truths, I wrote about the environmentalist mantra I = PAT, where I is environmental impact, P is population, A is affluence,…
Blog
Finance for the People
Over at The Freeman, I take a look at how technology has been democratizing access to capital, bringing news ways of raising money to people…
The Freeman
Finance for the People
Financial innovation: People like to talk a lot about it these days. But what is it? If you read the business press, it’s all about…
Blog
Questions for Richard Cordray
This morning, Richard Cordray, head of the Consumer Financial Protection Board, testifies to a House Committee on the Board's semi-annual report. One of the Board's…
The American Spectator
Exporting Solyndras?
The New York Times’ crusading columnist Joe Nocera is an unlikely supporter of crony capitalism. Yet this week he has come out unabashedly in favor of the…
The Freeman
Earthquake Europe
An earthquake, they called it. The European political establishment looked on helplessly over Memorial Day weekend as elections for representatives to the European Parliament showed…
Blog
Export-Import Bank Subsidizes the Western World
On its “About Us” page, the Export-Import Bank gives us its purported mission: “Ex-Im Bank does not compete with private sector lenders but provides…
National Review
The Anniversary of Anglo-American Constitutional Liberty
National Review
Operation Chokepoint: Creeping into Unconstitutionality?
National Review
The Worst Federal Agency
National Review
Administration Still Dragging Feet on Official Time
National Review
Lawmaker Excluded from CFPB Meeting, Unable to Hold Executive to Account
Blog
Bureaucrats Line Up to Regulate Bitcoin
The regulators are tasting blood around bitcoin, and like sharks they are positioning for the kill. The blood that they taste was not actually shed…
National Review
‘Stop Government Abuse’ Week
This week, House majority leader Eric Cantor (R., Va.) is promoting a series of ten bills as part of his Stop Government Abuse Week (hashtag:…
National Review
La Reyne Le Veult
Newsmax
Cuomo’s ‘Tax-Free’ Plan for NY Is Not So Tax-Free
National Review
Obamaloans
We know the pattern by now. A crisis arises. As my Competitive Enterprise Institute colleague Chris Horner puts it, this administration says, “There’s no time…
The American Spectator
Santa Capitalism
We should call it the “Great Fact,” argues University of Illinois at Chicago economist Deirdre McCloskey. “It” is the Industrial Revolution that, starting in Great…
The American Spectator
The Legislature’s First Job Is Not to Legislate
Defenders of Sen. Harry Reid’s triggering of the “nuclear option,” ending the filibuster for all Executive Branch nominees save those to the Supreme Court, call…
McClatchy DC
Regulatory bullying? You bet your life
If companies failed in insurance pursuits, many people would suffer, but the financial system would not be affected in a major way. It is additionally…
Blog
Retailers Only Sell Half a Loaf in their Analysis of the Costs of Interchange Fees
In a comment on my American Spectator article on the deleterious effects of debit card interchange fees on American households, Sara Durr, Spokesperson for…
Comment
Balance of Competences Review: Trade and Investment
In December, 2013, Iain Murray of the Competitive Enterprise Institute submitted evidence to the UK Department for Business, Innovation and Skills in order to argue…
Blog
The Administration’s Regulatory Uncertainty
Groups like the Center for American Progress are claiming that the possibility of another row over the budget and debt ceiling are creating “uncertainty”…
The American Spectator
The Unintended Consequences Of Credit Card Regulation
When you try to regulate things, you’re really regulating people. If there’s one crucial lesson to keep in mind about regulation, this is it. And…
Blog
We Didn’t Regulate Credit Cards, We Regulated People
That was the upshot of a panel I spoke at yesterday in New York at the Atlas Liberty Forum. It looked at the impact of…
Providence Journal
Labyrinthine law threatens our life insurance now
Dodd-Frank, the law more properly known as the 2010 Wall Street Reform and Consumer Protection Act, was intended to stabilize the financial system and end…