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Congress, Please Reform the Consumer Financial Protection Bureau
My Competitive Enterprise Institute (CEI) colleague Devin Watkins recently testified on Capitol Hill before the House Financial Services Subcommittee on Financial Institutions and Monetary…
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CEI Advises CEQ to Withdraw Its NEPA Guidance on Greenhouse Gas Emissions and Climate Change
Last week I submitted comments advising the Council on Environmental Quality (CEQ) to withdraw its proposed guidance on consideration of greenhouse gas (GHG)…
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The Risks of Bailing Out Silicon Valley Bank’s Uninsured Depositors and How to Make the Banking System Resilient
On Sunday evening, the Biden administration decided that all customers of the failed Silicon Valley Bank will have their millions and possibly billions in the…
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Why Congress Must Think Twice About Adopting Biden’s Brazen Budget Proposal
Last Thursday, President Joe Biden finally unveiled his budget proposal for the upcoming fiscal year 2024. This marks the third straight year that Biden…
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Congress Should Appropriate Money for the CFPB Through the Congressional Appropriation Process
Last week, I had the honor of testifying before the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on how Congress should…
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This Week in Ridiculous Regulations
President Biden released a $6.8 trillion proposed budget. The labor force grew by 311,000 people in February. Meanwhile, agencies issued new regulations ranging…
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What Are Administrative Law Courts? Why Do They Matter?
The judicial branch is presumably an independent branch of government, alongside the legislative and executive branches. But many regulatory agencies have their own in-house court…
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Regulatory Reform in the 118th Congress: The ALERT Act
Transparency is a vital part of good government. It is also lacking in the regulatory process. H.R. 262, The All Economic Regulations are Transparent…
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The War On Natural Gas – Pipeline Edition
The Biden Administration’s climate change-inspired war on natural gas continues on multiple fronts. Most recently in the news are the regulatory attempts to curtail the use…
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Free the Economy Episode 11: True Diversity and Economic Opportunity with Patrice Onwuka
This week we talk about a warning from Wayne Crews and The Wall Street Journal on the burden of over-regulation, the policy…
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Trust, but Verify via Congressional Oversight
Is the Federal Trade Commission’s request that Twitter hand over the names of “all journalists and other members of the media to whom” the social…
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Rep. Duncan Leads Letter Expressing Concern over Foreign Regulatory Overreach
I’ve written before about the UK’s Competition and Markets Authority, its main antitrust regulator. It has already blocked one US company from taking over another…
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Some Things are Just Business, Not Politics – and That’s a Good Thing
The Conservative Political Action Conference (CPAC) was the predictable venue for Newsmax CEO Chris Ruddy to portrait DirecTV’s recent decision to stop carrying the channel…
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Don’t Ban Technology of Tomorrow to Save Jobs of Yesterday
Recently in Episode 10 of the Free the Economy podcast we returned to one of our favorite topics, economic opportunity and jobs in…
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House Financial Services Committee Leans on SEC’s Gensler for More Transparency
House Financial Services Committee Leans on SEC’s Gensler for More Transparency Republicans on the House Financial Services Committee and some allies in the Senate are…
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Trust, but Verify via Congressional Oversight
Is the Federal Trade Commission’s request that Twitter hand over the names of “all journalists and other members of the media to whom” the social…
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This Week in Ridiculous Regulations
CEI published a new paper on right-to-repair legislation and held a hill briefing about regulatory reform and other topics. Meanwhile, agencies issued new…
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Congress Hands Biden His First Legislative Defeat by Overturning DOL ESG Rule Affecting Retirees
Republicans in Congress have just teed up the first major legislative rebuke to the Biden Administration’s environmental, social, and governance (ESG) policies. On Tuesday,…
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Free the Economy Episode 10: Legalize Jobs with Shoshana Weissmann
Welcome back to the Free the Economy podcast. In this week’s episode we talk about Mercatus Center’s Michael Farren’s case for the…
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How Ofcom can develop more flexible net neutrality rules for specialised services
The United Kingdom needs more flexible net neutrality rules as the Rishi Sunak government seeks to bolster the country’s leadership in emerging technologies. Creating more…
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DOL Nominee Julie Su An Aggressive Enforcer, Inept Manager
President Biden’s announcement Tuesday that he would nominate Department of Labor Deputy Labor Secretary Julie Su to replace departing Labor Secretary Mary Walsh is…
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Regulatory Reform Bills in the 118th Congress: The Article I Regulatory Budget Act
The federal government is supposed to put out an annual budget to track its spending. Why doesn’t it do the same thing for regulation? The…
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Congress must ensure more efficient and transparent broadband funding
Improved Internet connectivity can help reduce socioeconomic inequality at home and improve America’s global economic competitiveness abroad. Thanks to growing private investment, competition, and innovation,…
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New CEI Paper Outlines Problems with “Right to Repair” Legislation
At least 20 states have filed or refiled “right to repair” legislation since the start of the new year. Two states passed right to…
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This Week in Ridiculous Regulations
Last Friday marked the one-year anniversary of Vladimir Putin’s unprovoked invasion of Ukraine. CEI released a new paper on the FTC’s upcoming merger guideline…
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Fed Economist: Study Shows Danger of Government-Mandated Financial Misinformation
Study from Fed Economist Shows Danger of Government-Mandated Financial Misinformation The “Twitter Files” have made some shocking revelations about government entities…
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Covid Lockdowns Did Not Improve Outcomes: Lessons from Florida and California
My Competitive Enterprise Institute colleague Dr. Joel Zinberg is the co-author of a new report, published by the Paragon Health Institute titled “Freedom Wins:…
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Study from Fed Economist Shows Danger of Government-Mandated Financial Misinformation
The “Twitter Files” have made some shocking revelations about government entities muscling social media companies to deplatform people in the name of preventing so-called…
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We Won’t Need More Lithium for EVs if We Just Ban Cars (and the Suburbs) Instead
Seaver Wang of the Breakthrough Institute published a fascinating analysis recently on the need for more mining and resource development in order to fuel…
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Collusion Is Harmful and Illegal—Except When a Federal Agency Does It?
The Wall Street Journal reports today, thanks to FOIA requests by the Chamber of Commerce, that it appears the Federal Trade Commission (FTC) conspired…
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College-Educated Women Advance in Workforce
The Pew Research Center recently published some interesting data on women in the workforce. For the first time ever, women with college degrees have…
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Bad Trade Policy Still Bottling up Baby Formula
Scott Lincicome and Gabriella Beaumont-Smith brought us an update last week on the infant formula pipeline problems we’ve been seeing for the last…
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Free the Economy Episode 9: Unconstitutional Taxation with Dan Greenberg
Welcome back to the Free the Economy podcast. In this week’s episode we start by perusing National Review’s series on Adam Smith’s 300th…
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CFPB Court Defeat a Welcome Reminder of who Makes the Rules
The Consumer Financial Protection Bureau suffered a stinging reverse in court last week when its action against Chicago-area mortgage company Townstone Financial was dismissed.
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Happy 300th Birthday, Adam Smith
Our friends at National Review have created a fascinating publication series to celebrate the 300th anniversary of the birth of Adam Smith, legendary…
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This Week in Ridiculous Regulations
The 2023 Federal Register topped 10,000 pages on February 16. Inflation remained high, but is still below its peak. FTC Commissioner Christine Wilson…
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The Judiciary Is Skeptical of FTC Power Grabs in Meta/Within Case
The FTC tried to stop a merger between Facebook’s parent company Meta and the virtual reality app developer Within Unlimited. A court recently ruled against…
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New CEI Paper on New Merger Guidelines
Any day now, the Federal Trade Commission (FTC) will release new merger guidelines. FTC Chair Lina Khan has not yet released a draft of the…
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Regulatory Reform Bills in the 118th Congress: The Less Is More Resolution
Often, spending is regulation in disguise. The 185,000-page Code of Federal Regulations is not the only way Washington regulates the economy. The federal government…
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Hearing Shows Bipartisan Momentum for Focused Financial Deregulation
Last week, I had the honor and pleasure of testifying at the first hearing of the newly constituted Financial Institutions and Monetary Policy subcommittee…
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Shrinkflation, Slack-filling, and the Real Effects of Inflation
The Washington Post’s Laura Reiley recently raised an alarm, with a St. Valentine’s Day theme, on a consumer merchandising trend called “slack-filling.” She noted…
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Regulatory Reform Bills in the 118th Congress: The GOOD Act
Regulatory dark matter is a serious problem. Agencies are supposed to run new regulations through a formal process which includes publishing a draft version of…
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Free the Economy Episode 8: Crypto and ESG with Jennifer Schulp
Welcome back to the Free the Economy podcast. In this week’s episode we talk about the cultural impact of Super Bowl ads,…
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Less is More – EPA’s Methane Rule and the Social Cost Paradox
CEI this week submitted comments on the Environmental Protection Agency’s (EPA’s) proposed rule to establish new and more stringent methane emission standards for…
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Why the ETF is Uniquely American and Ideally Capitalist
A 30-year-old rule by the Securities and Exchange Commission succeeded in lowering barriers to entry for cheaper and more flexible investment options. In January, the…
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Mixed Inflation News for January
Today’s inflation news is mixed. We’re still almost certainly past the worst of the COVID inflation, but January’s numbers took a turn for the…
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It’s Not Just Stoves – Biden Administration Regulators Going After Many Other Appliances
Do you think that Joe Biden’s regulators are sticking to promises not to target gas stoves? Think again, and it is not just stoves but…
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This Week in Ridiculous Regulations
An earthquake killed at least 20,000 people in Turkey. President Biden delivered the State of the Union speech. Meanwhile, agencies issued new regulations ranging from…
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Are Americans Investing for Retirement or Politics?
Being able to save enough during our working lives to fund a comfortable retirement is a top concern for most American households, especially since…
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Fauci Failure to Acknowledge Limited Vaccine Protection Undermines Faith in Government Advice
In a recent article Dr. Anthony Fauci acknowledged that, from the beginning of the pandemic, there was good reason to believe that vaccines against…
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Kathleen and Charles Moore Prepare to take their Fight Against Taxing Unrealized Gains to Supreme Court
In 2017, Congress passed the Tax Cuts and Jobs Act. The new law was a reform of the federal tax code, but also included a…
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Free the Economy Episode 7: Economics for Everybody with Ryan Young
Welcome back to the Free the Economy podcast. In this week’s episode we talk about Adam Millsap’s proposal to encourage abundance with…
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New Hampshire Civil Forfeiture Would Protect Private Property from Unjust Seizure
Several state legislators in New Hampshire will consider a major change in criminal justice policy later today. The House Committee on Criminal Justice and Public…
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Busting the Myth of Overpopulation
Recently PragerU released a new video on “The Myth of Overpopulation,” featuring the Cato Institute’s Marian Tupy. Marian (also the editor of HumanProgress.org)…
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Regulatory Reform Bills in the 118th Congress: The REINS Act
Every new session of Congress is a new chance to enact substantive regulatory reform. This post inaugurates an occasional series highlighting reform bills that have…
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Walsh Skates out of the Biden Administration
The news that Marty Walsh will be stepping down as Secretary of Labor seems to reflect the diminished agenda that Joe Biden will have…
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Biden Administration Is Late to Right to Repair Party, but that Won’t Stop Them from Taking Credit
President Biden signed an Executive Order on “Promoting Competition in the American Economy” in July 2021. The EO covered a wide-range of policy…
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Administration’s Recent Crackdown on Domestic Mining at Odds with Its Electric Vehicle Agenda
President Biden could hardly be more aggressive in trying to foist electric vehicles (EVs) on the American public, regardless of whether they really meet our…
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State of the Union: Heavy-Handed Tech Regulation Fails to Appeal to Many Democratic Voters
President Biden should take advantage of breaking spy balloon news to talk about that—or anything else—instead of re-upping calls for regulation aimed at big tech…
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State of the Union and Inflation
Presidents, like quarterbacks, get too much blame when things go badly, and too much when things go well. Look for President Biden to take advantage…
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Biden’s State of the Union in Five Words: More Spending, Regulation, and Dependency
Ladies and gentlemen, we can sum up President Joe Biden’s the State of the Union (SOTU) in five words: More spending, regulation, and dependency. That…
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This Week in Ridiculous Regulations
The Federal Trade Commission (FTC) had a setback in one of its cases against Meta. The Fed raised interest rates. Meanwhile, agencies…
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NTIA Report Ignores Relevant Competition in Its Study of App Ecosystem
The National Telecommunications and Information Administration (NTIA) released its report on “Competition in the Mobile Application Ecosystem” this past Wednesday. I submitted comments…
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Right Sizing the Federal Trade Commission Is Step One
As part of regulatory streamlining and administrative state reform efforts, members of the 118th Congress have already reintroduced several prominent pieces of legislation. These include…
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America Needs an Abundance Agenda
An abundance agenda—public policies that lead to diversity in consumer goods and financial security for families—should be an economic and moral imperative. That’s what Richard…
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Free the Economy Episode 6: The Cultural Impact of YouTube with Javier Hernandez
Welcome back to the Free the Economy podcast. In this week’s episode we talk about the myth of overpopulation, the problem with…
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Federal Attacks on Gas Stoves Continue
Think Biden administration regulators at the Consumer Product Safety Commission (CPSC) have really backed away from their threat to target natural gas stoves? No, they…
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FTC Should Not Trade Consumer Welfare for an Antitrust Crystal Ball
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It Isn’t Just Gas Stoves That Biden Regulators Dislike – EPA Adding Costly Red Tape To Air Conditioners
In response to a strong consumer backlash, Biden administration regulators now insist they are not considering a ban on natural gas stoves, at least…
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This Week in Ridiculous Regulations
The Department of Justice filed another antitrust lawsuit against Google. GDP numbers for the final quarter of 2022 looked healthy. Meanwhile, agencies issued new regulations…
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Berlau Crypto Letter and Comments in Wall Street Journal and Washington Examiner
This week, I have had the honor of being quoted in a great article on cryptocurrency trends and regulation in the Washington Examiner and having…
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Avoiding Passive Income Scams
Recently, on episode three of the Free the Economy podcast (about 5:30 in), we discussed the promise and perils of “passive income” investments. On…
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Free the Economy Episode 5: Corporate Purpose and ESG with Russ Greene
Welcome back to the Free the Economy podcast. In this week’s episode we talk about the economic and cultural impact of YouTube,…
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Inventories of Federal Agency Major Rules and Regulations Poised to Rise
Federal government reports and databases on regulations serve different purposes: The Federal Register details anddepicts the aggregate number of proposed and final rules—both those that…
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Agency Notices in the Federal Register Merit Close Monitoring by Congress
Along with presidential proclamations like executive orders and memoranda (examined recently here) are those of departments and agencies, which are numerous and sweeping. Without…
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Adam Smith, Greek Tragedy, and Public Policy
In high school civics classes, Adam Smith is a cartoon character. Like Mr. Burns from The Simpsons, he is portrayed as selfish, cold, and calculating.
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An Update on Biden Administration Executive Orders and Presidential Memoranda
Executive orders, presidential memoranda, “Fact Sheets,” and other executive proclamations make up a substantial component of what passes for lawmaking in the United States today.
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Philip Howard’s Not Accountable Focuses on Reform of Public Sector Unions
Of the 14.3 million people that the Department of Labor says are currently union members, almost half, 7.1 million, work in public sector jobs.
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This Week in Ridiculous Regulations
The U.S. government hit its debt ceiling, setting up some congressional drama. Microsoft and Google joined the parade of antitrust targets announcing layoffs despite…
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Free the Economy Episode 4: Entrepreneurship and Equality with Alfredo Ortiz
Thanks to everyone for listening to and sharing the Competitive Enterprise Institute’s new podcast, Free the Economy. If you like the show, please leave…
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Unionization Is Down to 10.1 Percent of the Workforce, Lowest Level on Record
The Department of Labor annual survey of union density, released today, shows that unions have fallen to just 10.1 percent of the overall workforce,…
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Congress Should Require the Administration to Adopt a Regulatory Budget in Exchange for Raising the Debt Ceiling
Every once in a while, the escalating drama of Washington policy debate has a genuine problem behind it. The suddenly heated focus on the need to…
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How the UK Can Reform Net Neutrality Regulations and Promote Innovation
As post-Brexit United Kingdom recalibrates its approach to net neutrality, the country needs to balance competing priorities of Internet access, efficient broadband networks, consumer…
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A Rise in Unfunded Mandates on State and Local Governments Could Spur Calls for Regulatory Reform in the 118th Congress
The Biden administration’s surge in federal regulations affecting small business will likely to induce some calls for regulatory reform during the 118th Congress. Now…
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The Debt Ceiling and the Trillion-Dollar Coin
Another debt ceiling battle is brewing, and pundits are debating what to do about it. Over at National Review’ Capital Matters, I take a look…
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This Week in Ridiculous Regulations
Inflation fell to a 6.5 percent annual pace. Supporters of former Brazilian President Jair Bolsonaro staged their own version of January 6. An…
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Free the Economy Episode 3: Washington’s 10,000 Commandments
Thanks to everyone for listening to the first two episodes of the Competitive Enterprise Institute’s new podcast, Free the Economy. We’ve got more great…
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332 Costliest Rules in the Fall 2022 Unified Agenda of Federal Regulations
Every year, federal agencies issue thousands of rules, regulations, and guidance documents, compared to a relative handful of laws passed by Congress.
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Federal Reserve Declines to Become Climate Regulator
Most agencies can either do one thing well or many things poorly. For example, the Federal Reserve would be perfectly capable of keeping inflation low…
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The Fall 2022 Unified Agenda of Federal Regulations Extends “Whole-of-Government” Activism
The genius of the Progressives in the late 19th century was to preempt or push large sectors of the emerging…
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This Week in Ridiculous Regulations
The new Congress began with a lot of drama over selecting a speaker. The Federal Trade Commission announced its intention to ban non-compete clauses.
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Free the Economy Episode 2: Defending the American Dream
Thanks to everyone who listened to the inaugural episode of the new Competitive Enterprise Institute podcast Free the Economy in December. We covered stagnating wages,…
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This Week in Ridiculous Regulations – Year-End 2022
Happy new year, everyone. Year-end totals for 2022’s new regulations are in. The 2022 Federal Register weighs in at 80,756 pages. It includes 3,168 final…
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Customers, Not Regulators, Should Hold Southwest Accountable
Southwest Airlines’ scheduling meltdown over the holiday weekend has prompted Capitol Hill lawmakers to propose hearings and federal regulators like Transportation Secretary Pete…
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Climate Fact Check 2022 Report Debunks Mainstream Media’s Tall Tales
Climate Fact Check 2022, a report issued this week by CEI and several other nonprofit groups, debunks claims made in the mainstream media this…
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Where Is the Fall 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions?
Federal budgets are chronically late and always unbalanced, but we do get them eventually. Increasingly, we get them good and hard, as we did…
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This Week in Ridiculous Regulations
A massive snowstorm with heavy winds hit most of the U.S. just in time for Christmas. Ukrainian President Volodymyr Zelenskyy traveled to Washington and addressed…
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Free the Economy Episode 1: Deregulating Abundance
Free the Economy is a new podcast from the Competitive Enterprise Institute focused on how we all can become happier, healthier, and wealthier in a…
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Omnibus Bill Throws More Money at CDC, Does Not Reform It
Congress has passed the $1.7 trillion fiscal 2023 omnibus appropriations bill. The 4,155-page legislation, which covers everything from agriculture to veterans, includes a section…
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Microsoft’s Acquisition of Activision Faces Needless Challenges
Emboldened antitrust bureaucrats on both sides of the Atlantic are flexing their muscles with challenges to Microsoft’s planned acquisition of the game developer Activision, maker…