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OpenMarket: July 2019

  • VIDEO: Financial Services for Everyone

    July 26, 2019
    Our friends at the Cato Institute recently hosted an excellent discussion on financial opportunity and inclusion titled “How Credit Is Reaching Underserved Communities,” featuring an impressive panel of experts, including CEI board member Todd Zywicki of George Mason University.
  • Uniform Law Commission Can Improve Uniform Automated Operation of Vehicles Act

    July 26, 2019
    After two years of work, last week the Uniform Law Commission (ULC) published its model state legislation on automated vehicles. By and large, ULC’s Uniform Automated Operation of Vehicles Act is a very positive step in the right direction.
  • Long Wait for Worker Freedom Finally Ends for Airline, Rail Employees

    July 26, 2019
    It is a banner day for employee choice. For the first time, airline and railroad workers have a direct path to remove an unwanted union.
  • Growth Slows as Tariffs Bite

    July 26, 2019
    Economic growth slowed in the second quarter of 2019, according to the Bureau of Economic Analysis. It remained above 2% thanks to a combination of personal consumption and federal and state government spending. Business investment, however, contracted. This suggests that tariffs are beginning to harm the economy, exactly as free market economics suggested they would.
  • Allowing Markets and Technology to Prevent Traffic Collisions

    July 25, 2019
    Modern transportation is hugely beneficial in American society, but it carries the potential for significant, and sometimes fatal, risks. The average American is expected to experience at least four car crashes over the course of a lifetime. For teens and young adults between the ages of 15 to 25, traffic collisions are the leading cause of death.
  • Post Heat Wave Reflections

    July 25, 2019
    The recent heat wave was a hot one. Naturally, progressive commentary “linked” it to climate change. The linkage almost seems tautological. How could rising global average temperatures not increase the frequency and intensity of heat waves? Surprisingly, the expected greenhouse “fingerprint” or climate change “signal” in U.S. summer temperature data remains elusive.
  • House Passes 'Raise the Wage' Act

    July 22, 2019
    The Raise the Wage Act, which passed the House on Thursday, would raise the federal minimum wage to $15 by 2025. The bill now moves to the Senate. Over at Inside Sources, I point out some reasons why the tradeoffs would outweigh the benefits.
  • Guidance Documents of the Week: Consumer Product Safety Commission Revisited

    July 22, 2019
    Guidance documents are statements of policy issued by your favorite alphabet soup of agencies, which more often than not translate into law, despite rarely going through the notice-and-public comment period required of most regulations.
  • This Week in Ridiculous Regulations   

    July 22, 2019
    Washington, D.C.’s flash flood was followed up by a heat wave; this week could bring even worse during Congress’ final week in session before the August recess. As the Federal Register surpasses 35,000 pages on the year, rulemaking agencies were still able to publish new regulations ranging from jet routes to worsted wool.
  • What Should the Government Do?

    July 17, 2019
    What Should the Government Do? In that question lies most disagreements about politics. What can governments do, and just because they can, should they?   


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