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OpenMarket: May 2019

  • House Democrats Introduce Union Gift Bag Bill

    May 3, 2019
    The Protecting Workers’ Right to Organize (PRO) Act puts the interests of labor unions over workers. Each provision of the bill either grants unions greater coercive powers, restricts worker choice, or increases the likelihood of industrial strife.
  • The Economic Illiteracy of a 36 Percent Interest Rate Cap

    May 1, 2019
    Earlier this week, the House Financial Services Committee held a hearing on a draft bill that proposes to set a national 36 percent annual percentage rate (APR) cap. That is to say, for daring to provide credit to people who would otherwise be unable to access it—something considered to be Nobel Prize-worthy in other parts of the world—you could face up to one year in prison and a $50,000 fine for each violation.
  • Republican Study Committee Releases 2020 Budget Proposal

    May 1, 2019
    Congress is supposed to pass an annual spending budget, though it rarely gets around to it. Instead, the government is usually funded through a mashup of individual appropriations bills, omnibus appropriations bills, and continuing resolutions. This makes government spending less transparent and less accountable. It also leaves the federal government vulnerable to shutdowns during political fights, which happened in January of this year.
  • Costs of Unequal Treatment of Citizens by Abandoning Negative Rights for a Positive Rights Framework

    May 1, 2019
    To many classical liberals (or libertarians), it is primarily the individual’s right of self-defense that is delegated to a government. We cannot unilaterally commence the exercise force against a peaceful person, and so cannot delegate that non-existent power of forcing other people to do the things we want them to do. This principle prevents citizens from violating one another’s rights and expands human liberty.  

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