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Regulatory reform in the 118th Congress: The Regulation Reduction Act of 2023
Federal regulations will continue to grow, if the Biden administration’s recently published Unified Agenda is any indication. It lists 3,666 new rules currently in…
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Free the Economy podcast: importing talent with Connor O’Brien
In this week’s episode we talk about the major income tax case going to the Supreme Court, the looming death of ESG…
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Why Washington state has the highest gas prices
The price of gas in Washington State is currently the highest in the nation averaging $4.99 per gallon as of June 28, 2023. This…
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Bidenomics? Here are the 297 costliest rules in the president’s Spring 2023 Unified Agenda
Federal agencies issue thousands of rules, regulations and guidance documents every year compared to the relative handful of laws enacted by Congress.
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Adam Smith on how trade makes us better people
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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Allergy sufferers to Congress: Please stop trying to help!
The Law of Unintended Consequences gained another data point recently. A bipartisan bill requiring products with sesame to be specially labeled has resulted in…
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Adam Smith and the wealth of America
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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Hey Army Corps, stop delaying wetlands decisions!
Last month in Sackett v. EPA, the U.S. Supreme Court provided some much-needed clarity on what waters are regulated under the Clean Water…
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Regulatory reform in the 118th Congress: The ERASER Act
Our current regulatory state suffocates Americans with high costs. On a micro level, research by CEI Fred L. Smith Fellow in Regulatory Studies…
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No taming inflation without an independent Fed
Federal Reserve chairman Jerome Powell recently testified before Congress for the semi-annual Monetary Policy Report. The Fed has been under fire from both sides…
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Costlier cars help the poor, according to EPA
There is plenty of controversy surrounding EPA’s proposed new tailpipe and greenhouse gas emissions rules for model year 2027-2032 vehicles, ranging from whether the…
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The lethal impact of rising energy prices
Many of us are all too familiar with the grimace we make when we open our monthly utility bills. The soaring cost of energy is…
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This week in ridiculous regulations: reporting stolen drugs and nuclear tariffs
The 2023 Federal Register is on pace to be the third largest in its 86-year history, behind only Obama and Trump’s midnight rush years in…
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Progress in Congress for real civil forfeiture reform
For the last couple of years, I’ve been monitoring every change in the law in the United States in the area of civil forfeiture. Last…
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Another sustainable energy company is failing to sustain itself
CNBC’s “Sustainable Future” page reports today that “Siemens Energy shares plunge more than 37% as wind turbine worries deepen.” A “sustainable energy” company failing…
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House hearing warns of Biden’s admin’s ‘death by a thousand regulations’
The House Oversight and Accountability Committee held a hearing last week titled “Death by a Thousand Regulations: The Biden Administration’s Campaign to Bury America…
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Fed Chair Powell hearing: more to do on inflation
At his semiannual congressional testimony this week, Federal Reserve Chairman Powell hinted that the Fed likely is not done raising interest rates. This comes…
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Free the Economy podcast: online trust with Taylor Barkley
In this week’s episode we talk about a survey on work trends for finance bros, Delta’s questionable bid to become the first…
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Elephant in the elevator: How government manipulates the social cost of carbon to justify regulations
Four CEI colleagues and I each submitted comments this month on the Office of Management and Budget’s proposed update of Circular A-4—OMB’s…
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European Union says phones and tablets must be easier to break by 2027
The European Parliament agreed on new rules last week that would require smartphone and tablet manufacturers to make it easier for users to remove…
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Businesses flocking to states with lower taxes, better regulations
Experts on U.S. economic policy spend a lot of time looking at competition between states and how good tax and regulatory policy can help…
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Younger workers don’t favor full-remote work
Among people who follow the news on workplace (and workforce) satisfaction, the opinions of younger workers are often considered especially relevant, because we assume that…
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Das Adam Smith problem? Nein!
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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America takes Entrepreneurship Index top spot, former Soviet bloc countries close behind
Retail software maker Shopify recently released its “Entrepreneurship Index,” a global ecosystem of entrepreneurial activity. Shopify ranks the top ten countries with economies that…
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This week in ridiculous regulations: tart cherry assessments and big cat safety
The House passed two regulatory reform bills, the REINS Act and the Separation of Powers Restoration Act. The Federal Reserve held interest rates steady. Meanwhile,…
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Here comes state capitalism. There go our liberties.
CEI’s own Wayne Crews told the Washington Examiner recently, “Everything from local tap water to space commercialization is being turned into a government project.”…
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Free the Economy podcast: growth and taxes with Alex Muresianu
In this week’s episode we talk about Gen Z and remote work, businesses moving between states, and inspiring evidence of human…
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Market failure? Let’s talk about government failure
Government interventions in the market are often said to be justified by market failures, which prevent the free market from maximizing social welfare. What is…
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Adam Smith on how to love and be lovely
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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Is Biden admin disappearing a red flag for costly regulations?
Is the Biden administration trying to do away with the category of “economically significant” regulations altogether? Before this administration, an “economically significant” regulation was one…
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Court punts to FTC, freezing Microsoft purchase of Activision Blizzard
The Federal Trade Commission (FTC) took action Monday to stop Microsoft from purchasing the game developer Activision Blizzard. The FTC filed for both a…
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Adam Smith’s ‘tolerable administration’ vs. America’s increasingly intolerable one
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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New Biden White House Agenda shows 3,666 rules in regulatory pipeline
The Spring 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions has been released. A fall version of this twice-yearly document will also contain a…
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Senate Commerce hearing shows why some junk fees aren’t garbage
In his State of the Union address this February, President Biden reiterated his intent to crack down on so-called junk fees. Biden discussed…
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Time to shine more light on regulators’ ‘shadow boxes’
Accompanying presidential executive orders and memoranda are the numerous sub-regulatory proclamations of departments and agencies we like to call “regulatory dark matter.” Occasionally we…
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The real Adam Smith
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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Why Trump and Biden are wrong to sweat a trade deficit
Do trade deficits make American workers worse off? Trade deficits occur when a country imports more goods than it exports, which the U.S. has done…
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This week in ridiculous regulations: fireworks shows and cybersecurity subsidies
Russia destroyed a major dam in Ukraine, putting thousands of homes and a nuclear power plant at risk. Former President Donald Trump was indicted again.
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FTC, or ‘Fundraising Trade Commission,’ tries to shrug off a Supreme Court judgment
If you thought the Federal Trade Commission (FTC) was only coming after “big” business, think again. The FTC is targeting small and family businesses too. …
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Congress should block Biden’s harmful environmental regulations with power of the purse
Congress shouldn’t sit back and watch as the Biden administration proposes and finalizes costly and harmful energy and environmental regulation. Instead, it needs to take…
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SEC just dismissed dozens of cases before its ‘not-quite courts,’ thanks to real court rulings
For over a decade, the Securities and Exchange Commission (SEC) has been forcing people into in-house quasi-judicial proceedings that lack the basic constitutional protections of…
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Free the Economy podcast: Immense economic costs with Scott Lincicome
In this week’s episode we talk about central bank digital currencies, bankers backing off of ESG claims, avoiding the mistakes of…
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Biden Labor pick Julie Su claims she cannot recall her Prop 22 vote
Acting Labor Secretary Julie Su claimed multiple times Wednesday that she could not recall how she voted on California’s Proposition 22, the ballot initiate…
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Activist securities regulators should worry as Supreme Court revisits Chevron doctrine
The U.S. Supreme Court recently issued a major announcement that may impose significant changes to agency statutory interpretation. The Court has agreed to hear…
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Rising small business regs may spur Senate to pass REINS Act
In a bid to restore congressional accountability over the regulatory enterprise, the 118th Congress this week is set to vote on the so-called REINS Act,…
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War over gas stoves heats up with two House votes today
President Biden’s administration has declared war on gas stoves, but today the House of Representatives is fighting back Two Biden administration agencies, the Consumer Product…
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Biden administration keeps making it harder to track government ‘guidance’ documents
Federal government “guidance documents” consist of agency memoranda, bulletins, circulars, administrative interpretations, letters, manuals, and so much more. These are not supposed to be regulatory…
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Lina Khan’s whole new level of economic bloodletting
The Biden administration in its Executive Order on Promoting Competition in the American Economy and, more pointedly, the Federal Trade Commission in many of…
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5 myths about Joe Biden’s crackdown on gas stoves
The Biden administration’s craziest idea yet? The assault on gas stoves. Second craziest? The lame attempts to deny it. Now that two bills…
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This week in ridiculous regulations: electric motors and small business loans
Congress and President Biden reached a debt ceiling deal. Texas attorney general and antitrust hawk Ken Paxton was impeached. Meanwhile, agencies issued new regulations ranging…
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SPPI-TV hit: How price controls endanger small dollar loans, boost loan sharks
In my first media appearance from the sleek new CEI studios at our offices in Washington, DC, I joined a great panel on the May…
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‘Passive-aggressive’ regulators are a growing headache for American business
“The Future of Independent Agencies: Fallout from Problems at the Federal Trade Commission,” was an event hosted by the American Enterprise Institute (AEI) to alert…
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Congress should stop the White House from rewriting ‘Circular A-4’
Barring an extension, next week (June 6) is the deadline for comments on the White House Office of Management and Budget’s …
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Free the Economy podcast: Capitalists of the world unite! with Richard Salsman
In this week’s episode, we talk about conservatives defending the D.C. swamp, Andrew Stuttaford’s warning about green land grabs, a new Heartland Institute report…
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Do more deregulation in debt limit deal
The internal GOP debate this week is over lower-case “d” default if a June 6 deadline for an increase in the debt limit is…
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Moore good news? CEI responds to government in landmark tax case
Earlier today, the Competitive Enterprise Institute filed a reply brief in the Moores’ case. A few weeks ago, the government argued that the Supreme…
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Debt deal’s PAYGO law won’t pay out. Here’s how to fix it.
In an effort to curb excessive government spending, a provision known as statutory administrative PAYGO (Pay-As-You-Go) has been introduced in the debt ceiling deal struck…
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Why is the debt ceiling deal helping to ban gas stoves?
When Biden-appointed Consumer Product Safety Commission (CPSC) commissioner Richard Trumka, Jr. announced last January that his agency was investigating gas stoves and that a…
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McCarthy-Biden debt-ceiling deal fully funds the climate-industrial complex
The deal to raise the debt ceiling announced Saturday by the White House and House Speaker Kevin McCarthy (R-Calif.) drops the provisions in the…
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Protecting private property in the Peach State
Institute for Justice communications manager Dan King brings us an infuriating but important story out of the state of Georgia. Property owners in the…
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This week in ridiculous regulations: baby formula labels and room air conditioners
Happy Memorial Day, everyone. The Supreme Court upheld property rights in a 9-0 decision in Tyler v. Hennepin County, in which CEI joined…
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Repealing green energy subsidies must come before permitting reform in debt ceiling package
There are reports that the debt ceiling negotiators are close to agreeing on permitting reform provisions as part of the final package. This may sound…
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Supreme Court ruling restores property rights, closes spigot on Clean Water Act abuses
The U.S. Supreme Court in Sackett v. EPA has finally provided some clarity on one of the most basic questions in environmental law: what…
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Free the Economy podcast: Transparency for government, privacy for people with Brian Hawkins
In this week’s episode we talk discuss Tim Carney’s view on why big government is good for big business, Stone Washington on the…
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Supreme Court breathes new life into Takings Clause in Tyler v. Hennepin County
When you don’t pay property taxes, you run the risk of the government seizing and selling your property. That’s what happened to Geraldine Tyler, a…
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Let’s get this huge ‘hidden tax’ of regulation out into the open
Smack dab in the middle of contentious debt limit negotiations, the House Budget Committee held another in its series of hearings on American economic growth,…
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What happens if governments stop trying to make electric vehicles happen?
I recently spotted an interesting analysis of the market for electric vehicles and the prospect for them eventually replacing ones powered by internal combustion…
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A remembrance: C. Boyden Gray, 1943-2023
We mourn the passing of C. Boyden Gray. He was a man of his family, the law, and his country. Boyden served in the highest…
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This week in ridiculous regulations: lowfat yogurt and halibut sharing
Debt ceiling negotiations remain stalled, and will likely remain that way until the deadline draws nearer. The Supreme Court left Section 230 intact. A…
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Bill targets ag department slush fund worth billions
The House Appropriations agriculture subcommittee favorably reported its spending bill along party lines Thursday. The bill’s next stop is the full House Appropriations…
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EPA’s new coal rule: Still unlawful after all these years
The Environmental Protection Agency (EPA) last week posted the pre-publication draft of its proposed carbon dioxide (CO2) emission performance standards for fossil-fuel power plants…
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Time to rip the veil of secrecy off government agencies’ in-house courts
In a previous piece, we explored some of the pros and cons of administrative law courts (ALCs). These are regulatory agencies’ special in-house courts,…
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Free the Economy podcast: Letting people prosper with Vance Ginn
In this week’s episode we talk about Warren Buffet’s electric vehicle pessimism, sky-high school funding in New York City, a report…
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Biden administration wants to make bad clothes washers even worse
The Biden administration started the year by targeting gas stoves and has followed it up with a flood of additional appliance regulations. This…
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Robert Lucas, economist of possibilities, 1937-2023
Robert Lucas, 85, passed away this week. He was a prominent macroeconomist who won the 1995 economics Nobel. Others have remembered Lucas’s contributions to rationality…
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This week in ridiculous regulations: toy guns and trophy fisheries
The 2023 Federal Register topped 30,000 pages on May 8. New inflation numbers looked better on the surface, but actually got worse. A new…
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New credit card late fee rule hurts folks who pay their bills on time
There has rightly been an outcry after the Federal Housing Finance Agency (FHFA), which sets policy for the government-sponsored enterprises (GSE) Fannie Mae and Freddie…
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What I told the EPA about its attack on Americans’ cars and mobility
The Biden administration is using the whole of government to stop Americans from driving gas-powered vehicles. This campaign began right at the start of the…
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Free the Economy podcast: Freedom is intoxicating with Jacob Grier
In this week’s episode we talk about public opinion regarding capitalism, eliminating COVID relief slush funds, rolling back parking mandates, partisan…
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Senate committee yells ‘all aboard!’ for controversial Railway Safety Act
The U.S. Senate Commerce Committee approved the Railway Safety Act this morning, with all Democrats and Republican Sens. J.D. Vance (OH) and Eric Schmitt…
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EPA’s almost bare-naked electric car mandate
The Environmental Protection Agency (EPA) last week proposed new greenhouse gas (GHG) emission standards for model years (MYs) 2027-2032 passenger cars, light trucks,…
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Don’t drink the ‘right to repair’ Kool-Aid
“What’s in a name?” William Shakespeare posed the question in Romeo & Juliet to illustrate that a rose, even if called by a different name,…
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Calling legislation the AMERICA Act doesn’t make it a good bill
The Competition and Transparency in Digital Advertising Act is back but under a new name: The Advertising Middlemen Endangering Rigorous Internet Competition Accountability Act…
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Screw up the dishwashers, save the planet?
The Department of Energy (DOE) proposed more stringent energy and water efficiency standards for dishwashers Friday, despite the fact that the regulations currently on…
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This week in ridiculous regulations: cloudy guidance documents and potato ledprona
The number of new final regulations this year topped 1,000 last week. It was the rare 3,000-page for the Federal Register, which will likely surpass…
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Retirement finance worries increase for Americans
The Employee Benefit Research Institute and Greenwald Research have published their 33rd Annual Retirement Confidence Survey, and it’s got some interesting results. The survey…
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Americans agree: Politics doesn’t solve most problems
Our friends at the Pew Research Center have some new political survey results out, and the numbers are…not encouraging. The research summary finds:…
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New Jersey fishermen challenge Chevron deference
Big news out of the Supreme Court this week as justices have agreed to hear a lawsuit challenging the so-called Chevron doctrine, a policy requiring…
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Punishing success with higher mortgage rates?
The Biden administration recently implemented changes to fees on mortgages that are backed by government-sponsored enterprises Fannie Mae and Freddie Mac. Our old friend…
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Regulatory reform in the 118th Congress: Regulatory Accountability Act
In 2003, the Office of Management and Budget (OMB) published Circular A-4. A-4 is little-known but crucial oversight measure for new regulations. It gives…
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Free the Economy podcast: Grow for tomorrow with Adam Millsap
In this week’s episode we talk about judicial deference at the Supreme Court, Biden’s new mortgage rate policy, how Americans are thinking…
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Taking people’s stuff: Civil forfeiture is widespread, unjust, and resists reform
Civil forfeiture is a deeply unfair practice in which government agents take and keep billions of dollars of personal property every year – usually without…
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Free the Economy podcast: Smart urbanism with Max Dubler
In the latest episode, we talk about John Berlau and Stone’s Washington’s recent Wall Street Journal op-ed on financial regulation and free speech,…
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The week in ridiculous regulations: Oklahoma emissions and Big Creek crayfish
GDP grew by 1.1 percent in the first quarter of 2023. Cable news hosts Tucker Carlson and Don Lemon were both fired. Meanwhile, agencies…
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Has Gary Gensler turned the SEC into a regulatory ‘Hotel California’?
Securities and Exchange Commission (SEC) Chair Gary Gensler hadn’t testified before the U.S. House of Representatives for 18 months. Republican members made up for lost…
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The week in ridiculous regulations: otter casualties and moving the goalpost
Fox News settled its defamation case over its false reporting on the 2020 election with voting machine maker Dominion. The Consumer Financial Protection Bureau…
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Regulatory reform in the 118th Congress: Small Business Regulatory Flexibility Improvements Act
The Regulatory Flexibility Act (RFA) of 1980 was an important transparency measure for vetting new regulations. But it falls short in some important areas,…
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Romney slams Labor nominee Su’s ‘so severely lacking’ record
Julie Su, the White House’s pick to replace outgoing Labor Secretary Marty Walsh, had her first of two Senate hearings Thursday. Sen. Mitt Romney…
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Texas v. EPA could save the day for cars that go vroom
The Competitive Enterprise Institute this week filed its reply brief for private petitioners in State of Texas et al. v. Environmental Protection Agency.
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Congress shouldn’t party like it’s 2019 on national debt
Now comes the GOP’s turn to do its own version of a “lockdown.” Republicans should heed the advice of a member of the other party, Rahm…