September 29, 2017 3:00 PM
In the modern American workplace, many people see coffee as essential to productivity and for socializing around the coffee machine, which makes it unsurprising that there would be a National Coffee Day, but coffee is much more than fuel to get through the day. Coffee faces Food and Drug Administration (FDA) regulations on caffeine and the politics of “fair trade.”...
September 29, 2017 12:39 PM
A new report from the Office of the Comptroller of the Currency (OCC), the primary regulator of banks in the United States, refutes the Consumer Financial Protection Bureau’s (CFPB) argument that its Arbitration Rule will have no ill effect on consumers.
The report finds an economically significant increase in the cost of credit in...
September 29, 2017 11:29 AM
Next Monday the Trump Administration is launching the first ever Deregulation Day, highlighting the benefits of an America liberated from bureaucracy. As part of the festivities, the White House will be hosting an event showcasing the Administration’s strategy for regulatory reform going forward,...
September 29, 2017 10:59 AM
Is income inequality a problem, and, if so, is it getting worse? In a recent video for Learn Liberty, Prof. Michael Munger (above) talks with interviewer Dave Rubin about the difference between material equality and status in income and consumption, coming to the conclusion that “there’s never been a time of greater equality.”
September 29, 2017 9:58 AM
A bipartisan bill introduced into the Senate this Thursday could bring desperately needed regulatory relief to hundreds of regional banks across the country. Sens. Claire McCaskill (D-MO) and David Perdue (R-GA) released the bill, titled the “Systemic Risk Designation Improvement Act of 2017,” the Senate...
September 28, 2017 10:01 AM
Nine years ago this month, the high-flying investment bank Lehman Brothers filed for bankruptcy, kicking off a financial crisis that would bring the system to the brink of collapse. It would surprise many Americans to know that the real causes of the financial crisis remain ever-present today. If anything, they have only gotten worse.
Conventional wisdom gets it all wrong—the notion that the crisis was a...
September 27, 2017 2:53 PM
One of the criticisms leveled against regulators’ responses to the financial crisis is that new laws have done nothing to solve the moral hazard issue in the financial industry. Perversely, actions like the taxpayer bailouts of megabanks have only made the issue even more prevalent. In a...
September 27, 2017 2:16 PM
UPDATE: On Thursday, September 28, President Trump waived the Jones Act for Puerto Rico for 10 days.
The devastation of Puerto Rico by Hurricane Maria continues to unfold, with the restoration of basic...
September 27, 2017 9:56 AM
Fat cat class-action attorneys and their apologists are getting desperate. The Senate is poised this week to follow the House in blocking a new regulation that would effectively force consumers into class action lawsuits. As anyone who has received a miniscule check or near-worthless coupon in the mail as an unwitting part of a class action settlement knows, consumers aren’t usually the winners in a class...
September 27, 2017 9:50 AM
Coupon relief is notoriously bad for consumers in class action settlements. So bad that Congress targeted such relief, among other class action abuses, in the Class Action Fairness Act of 2005 (CAFA). CAFA sought to address the use of coupon settlements as a cover for the payment of disproportionate attorneys’ fees to plaintiffs’ attorneys in exchange for a cheap release of...