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OpenMarket: June 2019

  • VIDEO: Free Trade for Economic Development in Developing World

    June 7, 2019
    The Cato Institute here in Washington, D.C. recently sponsored a discussion of trade and economic development, emphasizing the role that robust trade has in raising living standard in developing nations. 
  • EPA Streamlines Infrastructure Approval Process under Clean Water Act

    June 7, 2019
    Making good on its promise in Executive Order 13868  to combat the abuse of section 401 of the Clean Water Act by states seeking to block fossil energy infrastructure projects, the Environmental Protection Agency today issued updated guidance for states on implementing this provision. 
  • Bjorn Lomborg and John Christy Shred Climate Alarmism

    June 6, 2019
    The latest talking point of progressive politicians, pundits, and activists is that America cannot afford not to spend trillions of dollars to “solve the climate crisis” because global warming is an existential threat. As Sen. Bernie Sanders (I-VT) put it, “You cannot go too far on the issue of climate change. The future of the planet is at stake, OK?”
  • National Donut Day: Eat One for Yourself and One for Freedom

    June 6, 2019
    The Competitive Enterprise Institute first started its two-donut campaign back in 2010. There were some formidable issues back then, from childhood obesity to international tensions to the alleged terrors of atmospheric carbon dioxide. Those issues are still with us, but the volume of political debate over them has been ramped up way past Spinal Tap’s eleven mark.
  • Venezuela and Rwanda: A Tale of Two Countries, Different Paths

    June 6, 2019
    The 21st century Venezuela is a failure. It failed because it adopted socialism. Paul Larkin, Senior Legal Research Fellow at the Heritage Foundation, remarked in his talk “The Framers’ View of Property” that “For about a year, we have been lectured about the alleged virtues of socialism, despite the fact that we have a living example in Venezuela of what socialism tends to produce: no power, no food, no water, military rule, and people forced to buy used toilet paper.”
  • Corporate 'Power' Is Limited and Temporary—Government Power Is the Real Threat

    June 6, 2019
    An Axios article today examines for-profit companies taking public positions on controversial political issues, carrying the headline “When companies act like governments.” Reporter Erica Pandey takes as her premise the idea that “Throughout the history of capitalism, wealthy and powerful companies have effectively acted like governments.” This is a problematic take that conflates the collective market power of a company’s customers and shareholders with actual coercive state power—two very different things.
  • Consumer Financial Protection Bureau Should Define 'Abusive'

    June 5, 2019
    The Dodd–Frank Act was a mammoth overhaul of financial services regulation. Along with creating an entire new consumer protection agency, the Consumer Financial Protection Bureau, it also created an entire new consumer protection standard, a prohibition on “abusive” acts or practices. This new prong is a part of a broader prohibition on “Unfair, Deceptive or Abusive Acts or Practices,” otherwise known as UDAAP.
  • SEC's 'Regulation Best Interest' Respects Investor Choice

    June 5, 2019
    Today, the Securities and Exchange Commission approved final rules that comprise “Regulation Best Interest,” which will govern conduct of broker-dealers in their transactions with retail investors. Any new regulation will likely mean higher costs, and these costs—as with the costs of business taxes and tariffs—will likely be passed on to the individual customer.
  • VIDEO: Just Say No to a Carbon Tax

    June 5, 2019
    The Competitive Enterprise Institute has a new video out today featuring Senior Fellow Marlo Lewis which explains why adopting a carbon tax in the United States would be a bad idea.
  • Prevent Another Mortgage Crisis: Let Qualified Mortgage 'Patch' Expire

    June 4, 2019
    Last month, the Consumer Financial Protection Bureau released its rulemaking agenda for Spring 2019. While there weren’t too many surprises in the agenda, which mainly involved implementing statutory requirements or completing ongoing initiatives, there was one important new reform that jumped out: assessing the necessity of a provision known as the Qualified Mortgage “patch.”

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