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OpenMarket: August 2009

  • Why I Want a Public Option in the Health Care Bill

    August 21, 2009
    A bill with a public option will probably not pass. Too much opposition. But one without it probably will.
  • New Credit Card Regulations Wipe Out Cash Back and Rewards Programs, Punish Responsible People

    August 21, 2009
    If your credit is good, or your credit card balance is low, you may soon pay more on every credit card bill. Why? Congress passed a misguided new credit card law, the Credit Card Accountability Responsibility and Disclosure Act of 2009. As a result of it, you may end up paying an annual fee. And you may end up losing your percentage rebates, your cash back, or your rewards program. The new law arbitrarily limits credit card companies' ability to increase rates on credit card balances, even when a cardholder's balance has been rapidly increasing -- meaning that a sensible bank might raise the interest rate, because a rising balance drives up the risk that the credit card company won't get paid what it's owed. (Increasing numbers of credit cardholders have run up big balances in recent years, then...
  • Friday Fun: Viking Funeral

    August 21, 2009
    Today's American Spectator Online contains my take on Brett Favre's comeback with the Vikings.
  • CEI Weekly: Remembering Rose Friedman and Robert Novak

    August 21, 2009
    CEI Weekly is a compilation of articles and blogs from CEI's staff. This week features columns by CEI staff paying respect to Rose Friedman and Robert Novak, tax increases in ObamaCare, and more.
  • Regulation of the Day 37: Lemonade Stands

    August 21, 2009
    It is illegal for children to sell lemonade in New York City without a permit.
  • The Great Health Care Reform Trilemma

    August 21, 2009
    I recently posted on facebook about health care reform and trying to "have it all." I'm no expert, but it seems to me that you can have two of the following three things: 1. Increased benefits 2. Reduced costs 3. More government involvement The one you don't pick will have to go way in the opposite direction. So, if you want to get the government more involved and increase benefits, costs will necessarily skyrocket. Didn't we learn this with Medicare Part D? Any arguments about providing more entitlements somehow reducing the total amount of entitlements just don't work. Insurance produces moral hazard. People overconsume goods they get for free on the margin. That's Econ 101. The...
  • Yes, ObamaCare Will Likely Cover Illegal Immigrants

    August 20, 2009
    Media fact-checkers have caught Obama telling several falsehoods about his health-care proposals. But they have let him get away with other false claims, such as his claim that ObamaCare would not cover illegal immigrants. As John Rosenberg, an expert on discrimination law, explains, the health-care legislation backed by Obama would indeed likely cover illegal immigrants. While a House health-care bill backed by Obama purports to exclude exclude illegal immigrants from...
  • New Schumpeter Book

    August 20, 2009
    In the tradition of the Reader’s Digest condensation of F.A. Hayek’s The Road to Serfdom, Joseph Schumpeter’s Can Capitalism Survive? is coming out on September 1.
  • Cash for Clunkers Sputters to an End

    August 20, 2009
    The Transportation Department announced today that it will wind down the Cash for Clunkers program, which the Obama administration promoted as a way to both help the economy and clean up the environment, by Monday.
  • Policy Peril Segment 9: Big Business

    August 20, 2009
    Today's excerpt from CEI's film, Policy Peril: Why Global Warming Policies Are More Dangerous Than Global Warming Itself, rebuts the argument that regulatory climate policies can't be bad for the economy because so many big businesses support them. This is an odd argument coming from people who are usually suspicious of big business, or even hostile to corporations. When did they decide that corporate support is some kind of good-housekeeping seal of approval? To watch today's film excerpt, click here. To watch the entire movie, click here. The text of today's film clip follows.
    Narrator: Some big corporations call for caps on CO2 emissions. Supposedly, this proves such policies won't harm the...

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