January 25, 2018 4:05 PM
Passing a Congressional Review Act resolution to nullify the Restoring Internet Freedom Order would be as bad an idea as net neutrality regulations themselves were.
January 22, 2018 3:26 PM
Blockchain is a software architecture that seems very likely to unleash profound global forces if it crosses over into the mainstream.
January 18, 2018 2:39 PM
The Court should recognize that communications and data are property, and cut off the “innovative” use of subpoenas to collect data that should require a warrant supported by probable cause.
December 6, 2017 3:23 PM
Last week, when the drama of the dueling directors began at the Consumer Financial Protection Bureau (CFPB), I told The Washington Examiner that the new director should “rein in or kill” the CFPB’s “NSA-like” database holding sensitive information from millions of consumers’ credit cards and mortgages. I am pleased that this week Acting Director Mick Mulvaney announced that no more consumer data will be collected until a thorough review is conducted of the security of this data.
Mulvaney was appointed by President Trump last week under the Federal Vacancies Reform Act to temporarily replace outgoing CFPB director Richard Cordray. But on the day of his departure, Cordray promoted his chief of staff, Leandra English, to deputy director. As...
December 6, 2017 2:46 PM
Asked about Bitcoin last week, economics Nobel laureate and Columbia University professor Joseph Stiglitz said, among other gems, “It ought to be outlawed. It doesn’t serve any socially useful function.”
His views have been widely panned by supporters of cryptocurrency, of course, and this post will be another example.
Stiglitz’s statement illustrates a subtle but very important slippage in the function of economics and economists, from students of human action to dictators of human behavior. The slip happens with concepts like “utility” or, as Stiglitz says, “socially useful function.”
Things are useful if they promote certain ends, and they are not useful if they don’t. The question is always what the ends are. Sometimes,...
November 29, 2017 1:46 PM
The “reasonable expectation of privacy” test invites courts into difficult line-drawing exercises when they try to apply the Fourth Amendment in hard cases. That was very much on display in the early phases of today’s Supreme Court oral argument in Carpenter v. United States. Members of the Court batted around...
November 17, 2017 6:17 PM
On November 6th, Director of the Office of Financial Research Richard Berner announced his resignation. He will step down from the agency at the end of the year, prior to the end of his term in 2019. His departure launches Treasury Secretary Steven Mnuchin’s search for a successor, but...
November 10, 2017 2:01 PM
As reported by Bloomberg earlier this week, the Federal Reserve’s associate director of supervision and regulation, Arthur Lindo, announced...
September 8, 2017 1:58 PM
Washington, D.C.’s intuitive reaction when something goes wrong is to regulate. But what if the thing that went wrong was caused by regulation?
“Caused” is a lot to claim, and there isn’t going to be just one cause of the ...
August 24, 2017 7:45 AM
CEI President Kent Lassman recently wrote to supporters with an update on CEI's policy work and media coverage. The post below is adapted from that letter. An earlier post covered recent news events around Washington, D.C.