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OpenMarket: March 2018

  • Millennials Love Entrepreneurship But Skeptical of 'Capitalism'

    March 5, 2018

    If we want Millennials to have a greater appreciation for the virtues of capitalism, we need to convey how their entrepreneurial aspirations can only be made possible through a competitive market system, and that excessive regulations and government intervention hinder, rather than support, the flourishing of entrepreneurial activity.

  • Government Not Only Source of Regulation for Finance

    March 2, 2018

    One of the most misunderstood and underappreciated aspects of free market economics is the idea of private or “self” regulation. Up until recently, private enterprises largely self-regulated through forming partnerships or organizations that would privately enforce a set of standards or best practices. For banks, this included such things as lending standards and a firm’s capital structure. Over time, however, government agencies increasingly took over these roles and supplanted private regulation. But even today, examples still exist.  

  • Don't Let an Online Sales Tax Hike Creep into Omnibus Spending Bill

    March 2, 2018

    With the siren song of the omnibus spending bill calling, legislators would be wise to resist pressures to include increases in online sales taxes in the fiscal 2018 spending bill. To do otherwise would be inconsistent with the popular tax cut recently enacted and may mean meeting an unpleasant political fate in the fall. 

  • Seeing How People Really Live around the World

    March 2, 2018

    A recent TED Talk by Anna Rosling Rönnlund features images collected by photographers dispatched to 264 different homes in 50 countries around the world. They document the stoves, bed, toilets, toys, and other households items owned by families in a range of income levels. Viewers can compare how families live in Latvia or Burundi or Nepal as Rönnlund explains the power of data visualization to help us better understand the world.

  • Chuck Schumer's Unconstitutional Money-Wasting Machine

    March 2, 2018

    If you wanted a counterterrorism technology that could match Amtrak in terms of derailments, you couldn’t do much better than to use “stand-off explosive detection technology” in the transportation environment. Sen. Chuck Schumer (D-NY) has been touting its testing and potential regular use in New York.

  • Implement AEI-Heritage-R Street GSE Plan AND Honor Shareholder Contracts

    March 1, 2018

    It is welcome news that our friends from the American Enterprise Institute, Heritage Foundation, and the R Street Institute put forth a plan this week for the Trump administration to take steps to downsize the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Noting the deadlock in Congress over GSE reform—even among Republicans—the plan looked exclusively at options that don’t require congressional authorization.

  • Some Critical Points Often Overlooked in the Climate Policy Debate

    March 1, 2018

    To date, the political process has determined that the potential risks of carbon dioxide regulation outweigh the benefits. That’s why despite more than 20 years of global warming advocacy, Congress has never passed a cap-and-trade bill. Even when Democrats held the White House and majorities in both houses of Congress, any bill authorizing Environmental Protection Agency to develop and adopt a regulation like the Clean Power Plan would have been dead on arrival.

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