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OpenMarket: March 2019

  • Senate Votes Down Green New Deal, Alternatives Proliferate 

    March 29, 2019
    The Senate voted on March 26th on a variant of the Green New Deal resolution. No Senators voted yes, 57 voted no, and 43 voted present.  The sponsor of the Green New Deal, Senator Ed Markey (D-MA) as well as all eleven co-sponsors voted present.   
  • VIDEO: What Do Entrepreneurs Actually Do?

    March 29, 2019
    Our friends at the Foundation for Economic Education have a new video that gives a great short introduction to entrepreneuship, and what businesspeople actually do when they start a new venture. 
  • Lyft and the 'Cheers' IPOs: How Overregulation Leaves Middle-Class Investors Behind

    March 29, 2019
    After much anticipation, Lyft finally went public today, opening on NASDAQ at $87.24 per share—well above its initial public offering price of $72. Lyft’s market debut is an example of what I have called the “Cheers IPOs.” That is, companies that don’t go public until they are so big and ubiquitous that—to paraphrase of the famously catchy theme song of the classic NBC sitcom—everybody knows their names.
  • Response to Conservative Supporter of Kigali Amendment

    March 29, 2019
    The Kigali Amendment is a United Nations environmental measure proposed by the Obama administration, and that ought to be reason enough for conservatives to be skeptical of it. A close look at the Kigali Amendment’s provisions, which restrict refrigerants it deems contributors to climate change, confirms that it is a very bad deal for consumers and businesses that rely on air-conditioning and refrigeration.  
  • Bank Regulators Must Correct Flawed Volcker Rule Proposal

    March 28, 2019
    As my colleague Devin Watkins discussed earlier this month, a number of federal administrative agencies are refusing to correctly implement a crucial piece of regulatory reform known as the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018.
  • Department of Transportation Should Rescind Crew-Size 'Featherbedding' Proposal

    March 28, 2019
    Unions in the railroad industry have a long history of “featherbedding,” the pejorative term for the practice of creating pointless make-work jobs. Most infamous was the case of the firemen, important workers in the 19th and first half of the 20th century who shoveled coal into the boilers of steam locomotives. With the introduction of diesel locomotives in the 1930s, firemen became obsolete. But unions successfully kept the fireless firemen on trains.
  • Union Subsidy Faces Judicial Scrutiny

    March 28, 2019
    “When you’re hired as a teacher, you should be teaching,” said Judge Jose L. Fuentes of the New Jersey Court of Appeals. This statement is commonsense and uncontroversial. Unfortunately, commonsense is in short supply across the United States. A vast majority of states allow teachers, and other state and local employees, to perform union business instead of the job they were hired to do.
  • Profiles in Courage: McConnell Video Mocks Green New Deal Advocates

    March 27, 2019
    Yesterday, the U.S. Senate voted against advancing Sen. Ed Markey (D-MA) and Rep. Alexandria Ocasio-Cortez’s (D-NY) Green New Deal resolution to the Senate floor for debate and a final vote. Forty-two Democratic senators and one Independent, including all of the resolution’s Senate co-sponsors, voted “present” on the motion to proceed. All 53 Republicans, three Democrats and one Independent voted against it.
  • America’s Tech Regulators Should Not Follow Europe's Lead

    March 26, 2019
    This week The Economist endorsed European “tech doctrine”—a combination of antitrust, tax, privacy, and regulatory policies that is rapidly being imposed on a mostly American tech sector seemingly powerless to resist it. The magazine said, “If the doctrine works, it could benefit millions of users, boost the economy, and constrain tech giants that have gathered immense power without a commensurate sense of responsibility.” That’s a big “if.” American regulators should avoid this doctrine like the plague.
  • Activists Build False Narrative to Fight Trump Reforms at EPA

    March 26, 2019
    Expect accusations to fly tomorrow as Democrats attempt to build a narrative that the Trump Environmental Protection Agency (EPA) wants to skirt science to allow industry to poison the public with supposedly toxic chemicals. The setting will be the House Science, Space, and Technology Subcommittee on Environment.

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