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OpenMarket: August 2018

  • Will New NAFTA Be More Protectionist or Less?

    August 31, 2018

    This week has seen some swift movement in the talks surrounding the renegotiation of the North American Free Trade Agreement (NAFTA). On Monday, the President held a join phone press conference with the President of Mexico announcing agreement on a new U.S.-Mexico Free Trade Agreement. While President Trump seemed satisfied to leave it at that, with the possibility of Canada joining, President Pena Nieto stressed that he regarded it as essential for Canada to join to make it a new NAFTA.

  • Australia Dumps Another Prime Minister for Pushing Climate Policies

    August 31, 2018

    Climate policy has once again toppled a prime minister in Australia. After Home Affairs Minister Peter Dutton threatened to challenge Prime Minister Malcolm Turnbull’s leadership over climate policy, Turnbull on May 18th agreed to drop the National Energy Guarantee, legislation to implement Australia’s pledge under the Paris climate treaty to reduce greenhouse gas emissions by 26% below 2005 levels by 2030. But that was not enough to save Turnbull.

  • How Free Is Your State?

    August 31, 2018

    Our friends at the Cato Institute have a great new promotional video for the latest edition of their annual Freedom in the 50 States report. 

  • Securities and Exchange Commission Seeks to Liberalize 'Accredited Investor' Standard

    August 31, 2018

    Great news for middle-class investors and start-up businesses alike—on Thursday, the Securities and Exchange Commission Chairman Jay Clayton announced that the SEC is looking to make it easier for individuals to invest in private companies.

  • Trade Is as Old as Humanity

    August 31, 2018

    Archaeologists have uncovered evidence of long-distance trade going as far back as 200,000 years ago. The artifacts are mainly things such as obsidian tools that are relatively imprevious to the ravages of time. In fact, such finds can determine economic health through history. After the fall of the Roman Empire, long-distance artifacts such as foreign coins, papyrus, and oil lamps suddenly disappear from Europe’s archaeological sites. We call this low-trade period the Dark Ages.

  • No, One or Two Alcoholic Drinks a Day Is Not Unsafe or Unhealthy

    August 31, 2018

    Here we go again. A new round of news headlines implies any level of alcohol consumption is bad for you, based on the findings of a single study that contradicts decades of research. “No amount of alcohol is safe, health experts warn” as a CNBC headline put it, with others like CNN, CNBC, The ...

  • One Year Later, Federal Plan on Tobacco Harm Reduction Needs Improvement

    August 31, 2018

    The Food and Drug Administration has failed to approve a single reduced-harm nicotine product in the past year, despite unveiling a new “roadmap” in July 2017 that emphasized the role such products can play a reducing tobacco-related illness. That lapse does a huge disservice to millions of smokers who could benefit from switching from cigarettes to a far less harmful product.

  • Trade Restrictions Will Not Improve National Security

    August 30, 2018

    One of the most persuasive arguments trade protectionists use is the national security argument. It serves as a “get out of jail free” card with many conservatives, and progressives will also often let slide policies with national security implications. When it comes to trade, it turns out that not only do trade barriers fail to improve national security, they actually hurt it in the long run—as Iain Murray and I briefly spell out why in our recent study, “Traders of the Lost Ark.”

  • Kavanaugh's View of Judicial Power: Could It Be Tested at Supreme Court in Frank v. Gaos?

    August 30, 2018

    Brett Kavanaugh’s Supreme Court confirmation hearing is slated to begin Tuesday, September 4, at 9:30 a.m. before the Senate Judiciary Committee. It is safe to say that the hearing will be replete with the usual senatorial posturing and pandering. But if they actually get around to asking the nominee some substantive questions, among those that loom largest is how Kavanaugh conceives of the judicial power.

  • Trump Renominates Pro-Union Advocate to Labor Relations Board

    August 29, 2018

    Late last night, the White House cut a deal with Senate Democrats to renominate Mark Pearce to the National Labor Relations Board, according to Law 360. As Bloomberg BNA reported earlier in the week, the deal “would give Pearce a third term in exchange for Democrats agreeing to waive waiting periods and confirm certain pending nominations.”

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