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New Export-Import Bank President Has Opportunities for Reform
Reta Jo Lewis is about to become the next president of the Export-Import Bank. The Senate confirmed her nomination yesterday. Called Ex-Im for short,…
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Steel Tariffs against Japan Lifted, Kind of
President Biden is taking a small step toward tariff relief. Japan’s first 1.25 million metric tons per year of steel exports to the U.S.
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This Week in Ridiculous Regulations
The U.S. government’s debt reached $30 trillion last week. Antitrust target Facebook lost users last quarter for the first time in its history,…
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Good News for Facebook Competitors, Bad News for the FTC’s Antitrust Case
Thursday brought some interesting news, none of which were kind to the Federal Trade Commission’s (FTC) antitrust case against Facebook. First, Facebook’s number of…
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The COMPETES Act Is a Bad Idea. Here’s What Congress Should Do Instead
The 2,912-page America COMPETES Act (H.R. 4521; the backronym is for ‘‘America Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength’’) is the…
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This Week in Ridiculous Regulations
GDP grew 5.7 percent during 2021, giving further evidence of a strong economic rebound from the COVID-19 pandemic. Even so, Congress is now considering…
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Better Ways to Fight Poverty than the Minimum Wage
Every January, states and cities across the country raise their minimum wages. There are also calls to raise the federal minimum wage, which has stayed…
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This Week in Ridiculous Regulations
A major antitrust bill from Sen. Amy Klobuchar (D-MN) is poised to hit the Senate floor without a proper hearing. Considering its contents, one…
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This Week in Ridiculous Regulations
Happy Martin Luther King, Jr. Day, everyone. Inflation hit a 40-year high last week. Meanwhile, agencies issued new rules ranging from French dressing freedom to…
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This Week in Ridiculous Regulations
Teachers’ unions continued to make an eloquent case for school choice by shutting down schools in major cities like Chicago. The country also observed the…
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Retro Book Reviews: A Capitalism for the People: Recapturing the Lost Genius of American Prosperity by Luigi Zingales (Basic Books, 2012)
University of Chicago economist Luigi Zingales’s book A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, which celebrates its 10th anniversary…
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This Week in Ridiculous Regulations
The Federal Register took Christmas Eve off, and here’s hoping everyone had a happy holiday season. One more week to go in 2021. The Food…
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Best Books of 2021: Keith E. Stanovich, The Bias that Divides Us: The Science and Politics of Myside Thinking (MIT Press, 2021)
Today’s political polarization isn’t just annoying; it’s damaging important cultural and family institutions. And tensions won’t deescalate until people figure out the root of the…
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Best Books of 2021: Ryan Bourne, Economics in One Virus (Cato Institute, 2021) and Caleb Fuller, There Is No Free Lunch (Freiling, 2021)
Economists are an unpopular bunch. One reason for this is that much of their job is putting parameters on people’s utopias. Spending more money…
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What’s Ahead for Regulation in 2022?
There are two questions about the coming year in regulation. The first is what will happen. The second is what should happen. What will likely…
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This Week in Ridiculous Regulations
Two big pieces of good news last week were the Senate’s decision to shelve the $1.7 trillion Build Back Better spending bill and the…
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Have a Regulated Holiday Season!
The Code of Federal Regulations is 185,984 pages long, according to my colleague Wayne Crews’s Ten Thousand Commandmentsreport. It consists of 50 titles spread…
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Senate Shelves Build Back Better Spending Bill, For Now
The Senate will not vote on the Build Back Better (BBB) spending bill this year, though they might take it up again next year.
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This Week in Ridiculous Regulations
The number of new regulations this year topped 3,000, ending the week at 3,068, and the 2021 Federal Register topped 70,000 pages. Inflation went up…
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Inflation Increases to 6.8 percent, Misery Index Reaches 11
October’s inflation reading was the highest since the recession of 1991. November’s is the highest since the 1982 recession, at an annualized 6.8 percent.
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Can Regional Trade Agreements Replace the WTO?
Trade policy is in a bad place right now, with two consecutive protectionist administrations in the U.S. and the World Trade Organization (WTO) possibly damaged…
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This Week in Ridiculous Regulations
The number of new final regulations this year will pass 3,000 this week, with more than three weeks still to go. The Omicron variant gave…
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This Week in Ridiculous Regulations
It was a short work week because of Thanksgiving. Meanwhile, agencies issued new rules ranging from blood lancets to crash test dummies. On to the…
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This Week in Ridiculous Regulations
The House passed a $1.85 trillion spending bill, which a 50-50 Senate will now consider. An Alzheimer’s vaccine began human trials. If it…
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Court Strikes Down Trump Tariff: Precedent for Institution-Level Changes?
Pessimism reigns for trade liberalization in the short run, but there is fresh hope for the long run. A new court decision over solar panel…
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Review of Michael Munger, The Sharing Economy: Its Pitfalls and Promises (Institute of Economic Affairs, 2021)
Transaction costs are one of the most overlooked ideas in economics. They are also one of the most important. The lowering of transaction costs is…
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This Week in Ridiculous Regulations
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This Week in Ridiculous Regulations
Children can now receive COVID-19 vaccinations, which is good news all around. The economy gained 531,000 jobs in October, showing once again why Congress’ big…
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How to Fill 10 Million Vacant Jobs
Would raising the minimum wage help to fill the more than 10 million job vacancies currently open? It makes some intuitive sense—higher pay will attract…
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Steel, Aluminum Tariffs to Remain Above Pre-Trump Levels
It is not asking much to undo President Trump’s doubling of U.S. tariffs, which are a major contributor to today’s supply network crisis. But apparently…
