Blog
Tariffs and the anchor heuristic
It feels like President Trump is cutting tariffs. He has agreed to tariff deals with China and the UK, and he paused his biggest Liberation…
Blog
The week in regulations: Flight safety and organic pet food
Qatar’s government gave Trump a $400 million jumbo jet that he can use after leaving office. The US and China agreed to lower their tariffs…
Blog
Record tariff revenue is no match for record spending
Tariffs raised a record $16.3 billion of tax revenue in April, according to the Wall Street Journal. Averaged out over a whole year, this…
Blog
Regulatory reform takes all three branches
Over at The Hill, Wayne Crews and I argue that regulatory reform requires all three branches of government. Not only is a healthy separation…
Blog
US-China tariff pause is good news, needs context
The Trump administration and the Chinese government announced a 90-day tariff reduction. While this is good news, it deserves context. The risk of recession…
Blog
The week in regulations: Medical devices and tuna
President Trump proposed a 100 percent tariff on foreign movies, and reopening Alcatraz. The US and UK announced a trade deal. The Vatican named a new…
Blog
Farm subsidies, car interest deduction show tariffs’ triple harms
Tariffs are a three-in-one tool for economic self-harm. The first harm comes from the tariffs themselves, which raise producer costs and consumer prices in the…
Blog
Why do so many countries have tariffs?
Over at the Center Square, Iain Murray and I ask an overlooked question: If tariffs are so bad, then why does nearly every country…
Blog
The week in regulations: Steel tariff inclusions and policies for arresting journalists
The 2025 edition of Wayne Crews’s Ten Thousand Commandments is out now. The economy shrank 0.3 percent in the first quarter of 2025…
Blog
That didn’t take long: Tariffs shrink economy in just two months
The US is halfway to a self-imposed recession, and tariffs are to blame. A healthy economy started shrinking even before President Trump’s Rose Garden…
Blog
The week in regulations: Taconite plans and ante-mortem horse inspections
Markets went down when President Trump threatened to fire Fed chair Jerome Powell and went up when he backed off. Agencies issued new regulations ranging…
Blog
Ten Thousand Commandments 2025 is out now
The 2025 edition of CEI’s flagship report, Ten Thousand Commandments, is out today. For more than 30 years, my colleague Wayne Crews has been…
Blog
The week in regulations: Wildfire appraisals and portable spas
President Trump and El Salvador president Nayib Bukele confirmed that they would continue to imprison people without due process. Agencies issued new regulations ranging from…
Blog
Definitely maybe tariff relief on electronics
Smartphone and laptop buyers got some good news over the weekend with a lower tariff on Chinese-made electronics, at least for now. The exemption’s…
Blog
The week in regulations: Pool ladders and helicopters
President Trump paused his Liberation Day tariffs after financial markets crashed. Even with the pause, America’s tariffs are still among the world’s highest. Agencies issued…
Blog
What happened to never-needed regulations
CEI led a never-needed campaign during the COVID-19 pandemic. The idea was simple: if a regulation was causing harm in good times, it was probably…
Blog
This week in ridiculous regulations: Helicopter hoists and migrant children
President Trump announced new auto tariffs that will take effect next week, raising the price of average-priced new cars from $3,000 to $10,000. Agencies issued…
Blog
This week in ridiculous regulations: Helicopter hoists and migrant children
President Trump announced new auto tariffs that will take effect next week, raising the price of average-priced new cars from $3,000 to $10,000. Agencies issued…
Blog
This week in ridiculous regulations: Volatile gas and the Gulf of Mexico
The Federal Reserve held interest rates steady, and President Trump put on some pressure to lower them. Trump also fired Democratic FTC commissioners on unclear…
Blog
Russia tariffs won’t bring peace
President Trump seems to think that tariffs can accomplish almost anything. My colleague Iain Murray recently pointed out that Trump believes tariffs can raise…
Blog
This week in ridiculous regulations: NEPA and refrigerators
President Trump delayed some tariffs against Canada and Mexico, but let others take effect. He also enacted a sixth round of tariffs against China and…
Blog
This week in ridiculous regulations: Crab specifications and dominant postal products
More tariffs are on the way against China. President Trump announced that delayed tariffs against Canada and Mexico will go through. The actor Gene Hackman…
Blog
My State of the Union message: Restore separation of powers
President Trump is giving a speech on March 4 to a joint session of Congress. In a syndicated column for Inside Sources, I argue…
Blog
This week in ridiculous regulations: pillar coral and mailing cremains
President Trump blamed Ukraine for its invasion by Russia and called Volodymyr Zelenskyy a dictator. He also issued an executive order with potential to…
Blog
Animal personalities, individualism, and economics
One of my hobbies is finding economics in unexpected places. The biologist and animal rescuer John Shivik’s 2017 book Mousy Cats and Sheepish Coyotes: The…
Blog
This week in ridiculous regulations: flax revenue and female test dummies
President Trump announced reciprocal tariffs. At this point it is uncertain how they would be implemented. Agencies issued new regulations ranging from butterfat testing to…
Blog
Sovereign wealth funds: Should governments invest in private businesses?
President Trump recently signed an executive order to study creating a sovereign wealth fund for the US government. If the proposal comes to pass,…
Blog
This week in ridiculous regulations: Clothes dryers and nuclear reactors
It was a slow week for the Federal Register and a busy week for everything else. President Trump announced 25 percent blanket tariffs against Canada…
Blog
Agenda for Congress: Regulation
CEI’s new Agenda for Congress is out now. Each chapter contains pro-market policy recommendations in areas where CEI has expertise. Here are four principles…
Blog
Trump’s unilateral tariffs: Time for Congress to do its job
Over the weekend, President Trump announced 25 percent tariffs against Canada and Mexico, though Canadian energy imports will face a lower 10 percent rate. He…
Blog
This week in ridiculous regulations: Automatic brakes and horse protection amendments
Sixty-seven people died when a military helicopter and a passenger jet collided near Reagan Airport. President Trump issued an Executive Order to stop all federal…
Blog
Agenda for Congress: Inflation
CEI’s new Agenda for Congress is out now. Each chapter contains pro-market policy recommendations in areas where CEI has expertise. Here are the ones…
Blog
Agenda for Congress: Trade
CEI’s new Agenda for Congress is out now. Each chapter contains pro-market policy recommendations in areas where CEI has expertise. Here are the ones…
Blog
This week in ridiculous regulations: Paper packaging and de minimis imports
Presidents Biden issued a slew of executive actions on his way out of office. President Trump issued a slew of executive actions on his way into office.
Blog
This week in ridiculous regulations: Animal herders and delaying REAL ID
President Biden’s final Federal Register week was a busy one. Its 4,199 pages would make for a 209,950-page year if it sustained that pace. CEI…
Blog
Hayek on Facebook’s community notes
Meta is going to stop using professional fact-checkers for Facebook posts. My colleague Jessica Melugin is relieved that Meta is finally publicly acknowledging…
Blog
Reports of American manufacturing’s death are greatly exaggerated
In an op-ed being syndicated by InsideSources, I take on one of the most persistent myths in politics: that American manufacturing is in decline.
Blog
This week in ridiculous regulations: Seat belts and eagle possession
This week’s roundup will be a little different than usual. Since the new year began mid-week, and I already published a breakdown of 2024’s year-end numbers, as…
Blog
2024 Regulation roundup
All the major regulatory numbers for 2024’s new regulations are now in the books. Here are the highlights, followed by a little analysis and a preview of…
Blog
This week in ridiculous regulations: Marine ingredients and tips
The reconciliation bill process was more chaotic than usual. There were more than 100 new regulations this week, and more than 800 agency notices. The…
Blog
Time to downsize presidential power
Over at InsideSources, I have a syndicated column arguing that the presidency has grown too powerful. The best parting gift President Biden could give…
Blog
This week in ridiculous regulations: Natural grass marketing and arms trafficker registration fees
The 2024 Federal Register surpassed 100,000 pages for the first time ever, and the number of new regulations on the year passed 3,000. Agencies issued new regulations ranging…
Blog
This week in ridiculous regulations: Lime emissions and stabilizing the Western Balkans
The 2024 Federal Register set a new all-time record page count on December 3. It surpassed 2016’s record of 95,894 pages with nearly a month to spare. Syria’s dictatorship…
Blog
This week in ridiculous regulations: Milk marketing and sport fishing
It was a shortened week on account of Thanksgiving. Agencies issued new regulations ranging from fed cattle to general service lamps. On to the data: • Agencies issued 57 final regulations last week,…
Blog
This week in ridiculous regulations: Pear handling and airport construction
CEI founder Fred Smith passed away at age 83. Few people were as effective as Fred in pushing back against regulatory excesses, and nobody did it…
Blog
Thank you, Fred Smith
When I was fresh out of college, I attended a large classical liberal conference. After one day’s sessions wrapped up, I had dinner at a…
Blog
At minimum, keep the de minimis import exemption
The US-China Economic and Security Review Commission has just issued its recommendations for China policy. One of them is to eliminate the de minimis…
Blog
Tariffs are lousy revenue generators
President-elect Donald Trump has proposed cutting income taxes and raising tariffs to replace some of the revenue. Economists of all political stripes have been…
Blog
This week in ridiculous regulations: Mergers and mail
The 2024 Federal Register topped 90,000 pages and is now the second-longest ever, dating back to 1936, with more than a month still to go.
Blog
New CEI video: The case for big and small business in America
Some questions don’t have a correct answer. For example: What is the right size for a business? A new CEI video and website…
Blog
This week in ridiculous regulations: Cable pricing and outer space arms trafficking
Donald Trump won a second term. The change in power might mean a second regulatory midnight rush between now and the inauguration. An initial rush…
Blog
This week in ridiculous regulations: Human subjects and food paper
Republicans called Puerto Rico a “floating island of garbage” as a voter outreach tactic. Democrats got upset that a newspaper that generally supports Democrats didn’t endorse…
Blog
This week in ridiculous regulations: Nursing pillows and mobile driver’s licenses
One more week until election season is finally, mercifully, over. Agencies issued new regulations ranging from space exports to recreational fires. On to the data:…
Blog
This week in ridiculous regulations: Nuclear fuel and eagles’ nests
It was a four-day week due to Columbus Day/Indigenous Peoples’ Day. The terrorist group Hamas’s leader was killed by the Israeli military. The economics…
Blog
AJR’s economics Nobel is a partial victory for institutions
This year’s economics Nobel Prize winners are Daron Acemoglu, Simon Johnson, and James Robinson. They are frequent collaborators, often collectively called AJR. Much of their…
Blog
#NeverNeeded regulations hindering hurricane recovery
It may be time to revive the #NeverNeeded campaign to assist the Hurricane Helene and Hurricane Milton recovery efforts. The idea behind #NeverNeeded…
Blog
This week in ridiculous regulations: Refrigeration products and off-road vehicle debris
Iran fired 180 missiles at Israel. Hurricane Helene devastated North Carolina. Longshoremen went on strike. The unemployment rate dropped to 4.1 percent. The…
Blog
This week in ridiculous regulations: Bent coins and Irish potato taxes
The leader of the Hezbollah terrorist group died in an Israeli military strike. The 2024 Federal Register is poised to reach 80,000 pages this week.
Blog
This week in ridiculous regulations: Pedestrians’ heads and avocado maturity
CEI celebrated its 40th anniversary at its annual Julian Simon Memorial Award Dinner. The Federal Reserve cut interest rates. Agencies issued new regulations…
Blog
Turning point on interest rates
The Federal Reserve went for the big cut at its interest rate meeting this week. There was uncertainty on whether the federal funds rate…
Blog
This week in ridiculous regulations: Robocalls and toddler carriers
Culture warriors falsely accused immigrants of eating people’s pets. Donald Trump discussed the issue in his presidential debate with Kamala Harris. The final…
Blog
This week in ridiculous regulations: Nuclear casks and radiofrequency toothbrushes
It was a four-day week due to Labor Day. The unemployment rate declined from 4.3 percent to 4.2 percent. The Biden administration signaled it…
Blog
Government efficiency commission: the good, the bad, and the ugly
Donald Trump is proposing a new government efficiency commission and he wants Elon Musk to lead it. Like most campaign proposals, it does not…
Blog
Steeling politics
Politics ruins everything. Right now, it is ruining America’s steel industry. The Biden administration, with plenty of bipartisan support, has announced it will block…
Blog
Price controls: right problem, wrong solution
In an op-ed being syndicated by Inside Sources, I take a look at Kamala Harris’s price control proposals for groceries and housing:…
Blog
This week in ridiculous regulations: marijuana scheduling and do-not-call fees
Rather than allow more housing to be built to combat rising rents, the Justice Department sued RealPage, a rent-listing service. CEI’s James Broughel released…
Blog
This week in ridiculous regulations: energy labeling and FCC rules for homework
There are now more than 2,000 new final regulations on the year. The Democratic National Convention was held in Chicago. A labor market statistic caused…
Blog
Price signals and virtue signals
It’s a divisive election year, but all of us still have some things in common. Since the pandemic began, inflation has devalued the dollar by…
Blog
This week in ridiculous regulations: Horse race integrity and threatening air cargo
Now that it’s August, agencies began publishing their Spring 2024 Unified Agenda entries for their planned regulations. Economists had a frustrating week, with Kamala…
Blog
Ten Thousand Commandments in the news
The 2024 edition of Wayne Crews’s Ten Thousand Commandments is out now. For those not familiar, the report puts together a big-picture view of…
Blog
This week in ridiculous regulations: Bank hiring and salmonella frameworks
Baseless recession freakouts dominated the news cycle. The just-released 2024 edition of Ten Thousand Commandments got its share of attention as well. Kamala…
Blog
Americans are open to trade
Politicians win elections by telling voters what they want to hear. Right now, both parties think voters are angry about foreign trade. But when you…
Blog
This week in ridiculous regulations: Closed captioning and toothless blindcats
The new 2024 edition of Ten Thousand Commandments is out now. The Paris Olympics began. Venezuelan dictator Nicolas Maduro stole another election. Agencies issued…
Blog
Jerome Powell risks the Fed’s gains against inflation
The big story from today’s Federal Reserve decision isn’t that interest rates are staying the same. It’s that the dual mandate is back. This…
Blog
2024 edition of Ten Thousand Commandments is out now
The federal government has a spending budget that the public can see. Every year Congress allocates a certain amount of money to each agency, and…
Blog
This week in ridiculous regulations: Water heaters and children’s passports
President Biden dropped out of the race, leaving Vice President Kamala Harris as the likely Democratic nominee. The Federal Register topped 60,000 pages and remains…
Blog
Book review: The War on Prices by Ryan Bourne
I have reached a stage in my career where younger colleagues sometimes ask me for advice. There are a few evergreen pieces of advice I…
Blog
Rent control doesn’t work. Increase housing supply instead.
President Biden will soon announce a proposed 5 percent cap on rent increases. Rent control is one of the most ridiculed economic policies there…
Blog
This week in ridiculous regulations: Watermelon taxes and crash test dummies
CEI’s home distillery court case had a good week. President Biden had a bad week. Agencies issued new regulations ranging from rotorcraft to desert…
Blog
You have the right to a jury trial
The Supreme Court’s recent Jarkesy decision affirms that people have the right to a jury trial, even in regulatory agencies’ special in-house courts. My colleague…
Blog
A rule for the Fed
The Washington Examiner is running a series of pieces on policies the next administration should pursue. My contribution details a way to contain inflation…
Blog
This week in ridiculous regulations: Coke ovens and stolen firearms
It was a short week in honor of Independence Day. Speculation swirled about President Biden’s political future. Agencies issued new regulations ranging from brominate vegetable…
Blog
This week in ridiculous regulations: Rear impacts and hot air balloons
The Supreme Court issued its Jarkesy decision and restored the right to a jury trial in regulatory agencies’ in-house courts. President Biden and former…
Blog
This week in ridiculous regulations: known mailers and medical gases
The Supreme Court issued an unfavorable but narrow decision in the Moore v. United States case about taxing income that was never received. CEI’s…
Blog
This week in ridiculous regulations: amplifiers and subsidized chickens
CEI’s Joel Zinberg released a new study on guidance document reform. The unemployment rate extended to 30 months its streak of being 4…
Blog
Fed hold interest rates steady, balance sheet concerns remain
The Federal Reserve decided to hold interest rates steady at its June 11-12 meeting. This is good news, but the bigger story isn’t about…
Blog
David Boaz, 1953-2024
It usually begins with Ayn Rand. In my case, it began with David Boaz. David, the Cato Institute’s longtime executive vice president, passed away…
Blog
This week in ridiculous regulations: Texas pimplebacks and pension funds
The 60-legislative-day Congressional Review Act deadline has likely passed, unless Congress keeps an unusually busy election year schedule. As a result, rulemaking has slowed to…
Blog
This week in ridiculous regulations: food hazards and powerline permits
Donald Trump was convicted of 34 felonies in his hush money case. Apparently nothing else of note happened all week, since that was the only…
Blog
This week in ridiculous regulations: electric programs and EV powertrains
The midnight rush to beat the 60-legislative-day deadline for possible Congressional Review Act repeals appears to be slowing down, but Federal Register activity is still…
Blog
New CEI book: Adam Smith’s guide to life, loveliness, and the modern economy
Adam Smith is 300 years old, and CEI is 40 years old. To celebrate this dual milestone, I edited an essay collection about Adam…
Blog
This week in ridiculous regulations: Drain tiles and garbage fires
Inflation remains stubbornly high. President Biden announced a round of tariffs on EVs, solar panels, and medical supplies from China. The Biden administration also…
Blog
Three strikes against Biden EV tariffs
Over at the syndicate InsideSources, I have an op-ed explaining three problems with President Biden’s new tariffs on $18 billion worth of EVs, solar…
Blog
This week in ridiculous regulations: Housing subsidies and non-compete clauses
The Federal Register had what may have been its first 4,000-page week. It is on pace to exceed 112,000 pages for the year, or more…
Blog
This week in ridiculous regulations: government space innovation and pear marketing
Regulators had another busy week leading up to the likely Congressional Review Act deadline. Agencies issued new regulations ranging from bird harvests to partially hydrogenated…
Blog
Fed flirts with stimulus
As expected, the Federal Reserve signaled its commitment to fighting inflation by holding interest rates steady at this week’s Federal Open Market Committee meeting. It…
Blog
This week in ridiculous regulations: airline fees and greenhouse gas reporting
The Federal Register grew at nearly triple its usual pace last week. It is on pace for its first-ever 100,000-page year. GDP growth slowed to…
Blog
Weak GDP is first stress test for inflation fighters
I have been saying for a while that inflation expectations will remain high until policymakers prove they can restrain their stimulus spending during an economic…
Blog
This week in ridiculous regulations: service lamps and summer meals
Congress debated aid bills to Ukraine and Israel. Donald Trump’s hush money trial began. Agencies issued new regulations ranging from incinerator permits to effluent analysis.
Blog
This week in ridiculous regulations: train crews and airport concessions
Our colleague R.J. Smith passed away. R.J. coined the term “free-market environmentalism,” ran CEI’s private conservation efforts for many years, and was a valued…