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UK Leads on Crypto Privacy
The much-hyped “crypto winter” has emboldened cryptocurrency critics. The usual charges of “Ponzi scheme” (Robert Reich) and “The Big Scam” (Paul Krugman) have…
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Celebrating Pat Michaels: Colleague, Mentor, and Friend
Dr. Patrick Michaels, a leading light of the climate realist movement and cheerful warrior for scientific integrity and individual liberty, died unexpectedly last week. CEI…
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Former Trade Official Opposes Minor Tariff Relief
Now that former President Trump’s China tariffs are four years old, a mandatory review process is underway. President Biden has indicated he might lift…
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Green Politics Leads to Higher Gas Prices
Americans have been plagued by high gas prices in recent months, with recent polls showing fuel costs at the top of the list of…
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The Effect of Transfer Payments on the Labor Force Participation Rate
In the The Wall Street Journal last Thursday, James Piereson of the Manhattan Institute laid out the case for the relationship between a shrinking…
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Financial Regulators’ Climate Fetish
Financial regulators’ attention, both in the United States and globally, seems focused on issues far afield from their core mission at a time when turmoil…
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This Week in Ridiculous Regulations
The James Webb Space Telescope sent back its first images, and they are amazing. The Consumer Price Index increased 9.1 percent over the last…
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New CEI Paper Lays Out the Worst in Tech Legislation
Bipartisanship in Congress is rare, but it shouldn’t always be celebrated. Bad ideas, despite consensus, still lead to bad results. And recent congressional efforts to…
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A Closer Look at The Guardian’s “The Uber Files”
On July 11, 2022, The Guardian published an expose of rideshare giant Uber’s business practices, based on a trove of leaked documents it obtained. However,…
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Certification Program Goes Bananas
Private regulation is an excellent alternative to government regulation, if done right. One form it can take is independent certification. For decades, groups like the…
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Inflation Sped Up in June: What’s Going On?
Last month, it had looked like inflation may have peaked. That celebration was likely premature. According to numbers released this morning, the Consumer…
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This Week in Ridiculous Regulations
Former Japanese Prime Minister Shinzo Abe was assassinated while giving a speech. Boris Johnson resigned as UK Prime Minister. Jobs numbers remained strong in the…
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Lack of Air Conditioning, Not Climate Change, Is the Real Summer Heat Wave Threat
Climate change policies often pose a greater risk than climate change itself, and that is especially true during summer heat waves. Each new heat wave…
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DOT’s Doublespeak Carbon Reduction Program
The Department of Transportation (DOT) is proposing to require its state and metropolitan counterparts to reduce on-road carbon dioxide (CO2) emissions from portions of…
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European Parliament Gives Final Approval to Digital Markets Act and Digital Services Act
The European Parliament yesterday approved the Digital Markets Act (DMA) and the Digital Services Act (DSA), two expansive new laws that will target the…
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China Tariffs: Will Inertia Win?
Former President Trump’s China tariffs came with a safeguard: They expire after four years unless an internal review finds them worth keeping. On trade issues,…
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Some Good News on the Mountain Valley Pipeline
There are a lot of bad federal policies currently blocking American energy. Perhaps worst of all are measures bottling up Appalachia’s abundant natural gas that…
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294 Costliest Rules in Biden’s Spring 2022 Unified Agenda of Federal Regulations
Unelected federal agencies personnel issue over 3,000 rules and regulations every year. That compares to a far lower number of laws passed…
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This Week in Ridiculous Regulations
Happy Independence Day, everyone. The Supreme Court issued a major ruling on the separation of powers in the case West Virginia v. EPA. Agencies…
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Supreme Court EPA Ruling A Warning Shot to Agencies like NLRB
The Supreme Court’s ruling in West Virginia v. Environmental Protection Agency that the EPA exceeded its authority under the Clean Air Act is…
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The FTC vs. the Right to a Fair Trial
The Food and Drug Administration recently proposed capping the nicotine in cigarettes, which will encourage many smokers to smoke more to get the same nicotine…
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A Breakdown of Rules in the White House’s Spring 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions
Since the early 1980s, federal departments and agencies have highlighted selected regulatory priorities in spring and fall editions of the Unified Agenda of Federal Regulatory…
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Supreme Court Reins in the Administrative State in West Virginia v. EPA
The Supreme Court’s decision today in West Virginia v. Environmental Protection Agency is an important brake on the administrative state that has inexorably grown…
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DAOs: One Answer to Woke Corporations
Imagine a group of mothers upset about Disney’s opposition to a state parental rights bill in Florida. Instead of merely venting in a Facebook group,…
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This Week in Ridiculous Regulations
The January 6 hearings continued and the Supreme Court overturned Roe v. Wade. Agencies issued new regulations ranging from nuclear fees to pelagic resources. On…
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Federal Agency Tries to Extend Reach with Joint Employer Standard
The National Labor Relations Board (NLRB), the federal labor law enforcement agency, is likely planning to vastly expand its reach through a rulemaking on something…
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Crisis Abuse in History
Last week, CEI released Wayne Crews’s paper proposing an Abuse of Crisis Prevention Act. (If you prefer the short version, see Wayne’s and my…
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Current Antitrust Proposals No “Laffing” Matter
A new report by Laffer Associates released today, Read ‘Em and Weep: How the American Innovation and Choice Online Act (S. 2992) and Other…
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FDA’s Juul Ban Part of Deadly War on Nicotine
The U.S. Food and Drug Administration (FDA) today announced that it denied the application of Juul Labs, maker of the Juul e-cigarette, to market its…
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Defeat of Pot Banking Liberalization Will Lead to More Violent Crime and Reduced U.S. Competitiveness
It is beyond disappointing that Congress once again dropped the Secure and Fair Enforcement (SAFE) Banking Act—bipartisan legislation that would prevent the federal government from…
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Yellen Proposes Capping Oil Prices? Not Quite
Cable news and Twitter are aflame with outrage today that Treasury Secretary Janet Yellen proposed price caps for oil. Fortunately, the rumors are false.
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This Week in Ridiculous Regulations
Happy Juneteenth, everyone. The January 6 hearings continued. The Federal Reserve raised the federal funds rate by 0.75 percentage points. Agencies issued new regulations ranging…
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The Many Arbitrary and Capricious Aspects of SEC’s Climate Risk Disclosure Rule
Yesterday (June 16), CEI submitted two comment letters to the Securities and Exchange Commission (SEC) on its proposed rule: “The Enhancement and Standardization of…
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SEC Climate Rule a Bad Deal for Investors
This Securities and Exchange Commission proposed a new rule on climate change and corporate disclosure earlier this year, and today marks the end…
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Biden Says He Wants to Be the “Most Pro-Union President in the History of the United States”
Flattering the audience is one of the handiest tools a person has when giving a speech. It’s a simple way to establish a positive tone…
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New CEI Paper: Abuse of Crisis Prevention Act
Government always grows during a crisis. And it rarely gives up all of its emergency powers when the crisis passes. This has already happened three…
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The American Data Privacy and Protection Act Fails to Streamline Privacy Laws Nationwide and Promote Technological Innovation
As more states pass state-level data privacy laws, federal privacy law is becoming increasingly necessary to prevent a patchwork of confusing state-level legislation.
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The New Joe Biden – Friend of American Industry?
In recent months, President Biden has undertaken several measures he claims will encourage domestic drilling, mining, and manufacturing. It’s a big change from 2021 when…
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This Week in Ridiculous Regulations
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One Way to Address Worker Shortage: A Commission to Clear Out Job-Blocking Regulations
Earlier this week, the Senate Small Business and Entrepreneurship Committee held a hearing to discuss ways to address the worker shortage. There are more than…
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As Gas Prices Rises, Ridesharing Industry Adjusts
Rideshare companies are currently feeling the pinch from high gas prices, but some of their drivers are weathering the change better than others. High gas…
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Crypto Volatility Heightens with Panic-Driven Regulation
In reaction to the volatile events of the last few weeks, both the stock and cryptocurrency markets have taken a deep dive. While this downturn…
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CPI Slightly Up, Inflation Slightly Down?
The Consumer Price Index (CPI) for May increased to an annualized 8.6 percent rate over the last year, reaching another new 40-year high. Even so,…
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Dead Man’s Switch: Biden Administration Fights Railroad Automation
Of all modes of transportation, one would think that railways would be at the leading edge of automation. After all, they don’t use public roads,…
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America’s Heat Pump Emergency
The Biden administration announced it will use the Defense Production Act (DPA)—a Korean War-era statute allowing presidents to demand American industry increase production of anything…
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“They’re Taking My Stuff!” – Now on Video!
News that involves the police is inherently dramatic, and stories about what police officers do regularly make the news—asset seizure of hundreds of thousands of…
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This Week in Ridiculous Regulations
The unemployment rate held steady at 3.6 percent. The K-Pop group BTS made an official visit to the White House. Agencies issued new regulations…
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Eleven Lousy Tech Bills from the 117th Congress: Fair Repair Act
People drop their phones a lot. According to the electronic repair company uBreakiFix, 95 million smartphones are dropped annually in the U.S. and two…
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The Stablecoin Contagion That Wasn’t
A rare, recent real-life test case allowed observers to contrast government warnings with real-world events. Reining in cryptocurrency markets has become a key priority for…
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Eleven Lousy Tech Legislation from the 117th Congress: Competition and Transparency in Digital Advertising Act
There is a late entry to the 117th Congress’ list of worst tech legislation, requiring a new title for the blog series. There were already…
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More Staycations This Summer, Thanks to Biden’s Gas Price-Raising Agenda
Memorial Day Weekend kicks off the summer driving season, and vacationers will be paying record-high gasoline prices—and quite a few families may even have to…
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Restating the Case for Free Trade
The case for free trade needs to be restated frequently. Politicians keep pushing the same protectionist policies, as though maybe this time the results will…
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George Washington, George Jarkesy, and the Administrative State’s Lack of Fundamental Justice
The recent ruling by the U.S. Court of Appeals for the Fifth Circuit in Jarkesy v. SEC is a victory for limited constitutional government…
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This Week in Ridiculous Regulations
Just before the long Memorial Day weekend, the third version of the American Innovation and Choice Online Act, a major antitrust bill, was introduced in…
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Congress Must Decide How to Choose Between Courts and Agency Adjudication
For some time, the Securities and Exchange Commission (SEC) has had a choice of prosecutorial forums. It has been able to choose between prosecuting violators…
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EEOC Nominee Kalpana Thinks Transparency Is an Important Value, Less Clear on Need to Abide by It
The Equal Employment Opportunity Commission may become a lot less accountable in its decision making than it was under the Trump administration should President Biden’s…
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Banning Menthol Cigarettes Will Do Nothing to Promote Racial Justice
Public support for the War on Drugs has never been lower, due in no small part to increased awareness about the devastation drug criminalization…
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Trade, Mission Creep, and the Indo-Pacific Economic Framework
President Biden announced this week a major economic agreement with a dozen countries in the Indo-Pacific region, to be called the Indo-Pacific Economic Framework…
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Court Tells NLRB Sometimes a Joke Is In Fact a Joke
In a significant win for common sense, a federal appeals court has found that sometimes a joke is just a joke, even when it…
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This Week in Ridiculous Regulations
The government’s Disinformation Board was ended before it began. President Biden invoked the Defense Production Act to address the baby formula shortage. The…
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Fifth Circuit Upholds the Right to A Jury Trial Against the SEC
John Thomas Financial CEO Thomas Belesis was riding high, having been awarded the 2011 Businessman of the Year Award from the New York Republicans. While…
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Baby Formula and Regulatory Failure
A lot of people are blaming free markets for the baby formula shortage. As the economist Jagdish Bhagwati might say, the problem with this is…
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Ten Terrible Tech Bills from the 117th Congress: Banning Surveillance Advertising Act of 2022
DuckDuckGo is a success story. Launched in 2008, the online search engine has centered its product around privacy. In short, they “don’t collect or…
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Let’s Not Allow Davis-Bacon to Further Clog Job Arteries
The Biden administration is proposing to make government contracting even more expensive by revamping the Davis-Bacon Act. This law requires that related workers on…
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Ten Terrible Tech Bills from the 117th Congress: ACCESS Act
AOL Instant Messenger (AIM), launched in 1997, was arguably the first social media platform, reaching over 36 million users by 2001. The Federal Trade…
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Credit Union Liberalization Bill Clears Away Never-Needed Red Tape
When I testified last July at a high-profile hearing on financial inclusion, I urged members of the House Financial Services Committee to liberalize regulations…
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This Week in Ridiculous Regulations
Inflation remained high at 8.3 percent and Federal Reserve Chair Jerome Powell was confirmed to a second term. A baby formula shortage is exposing the…
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Ten Terrible Tech Bills from the 117th Congress: Ending Platform Monopolies Act
Imagine shopping for a bicycle. You decide on a Trek bike after evaluating the options, user reviews, and specifications. The bicycle is delivered but without…
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This Week’s Civil Forfeiture Outrages: Do People Facing Forfeiture Get Due Process?
A high-profile reversal of a recent civil forfeiture case makes me wonder: Do those who face civil forfeiture generally receive due process of law? That…
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Terra Troubles Should Not Spur Stablecoin Regulation
The crypto market is suffering a severe correction. One asset feeling the pinch is LUNA, which, along with its related nonprofit the Luna Foundation Guard…
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House Staffers Can Now Unionize
The House of Representatives on Tuesday approved, for the first time ever, allowing congressional staff to form unions. This will be an interesting experiment. How…
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Ten Terrible Tech Bills from the 117th Congress: Filter Bubble Transparency Act
In Book VII of Plato’s Republic, Socrates introduces his allegory of the cave. Prisoners are chained in an underground cavern since birth. Their necks are…
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Act Now! The Bipartisan Innovation Act Is a Reminder of the Urgent Need for a Bold National Elevator Plan
President Biden on numerous occasions of late has complained about the miracle that one can simply drive to a McDonald’s in rural areas and…
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What Is Core Inflation?
The new inflation numbers are out, and they aren’t pretty. The Consumer Price Index (CPI) went up 0.3 percent during April, and is up…
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Biden’s Inflation Speech: Top Domestic Priority
President Biden gave remarks on Tuesday declaring inflation his top domestic priority. Like many people, he seems not to understand that inflation is a…
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A Brief Outline of a Regulatory Report Card Congress Should Enact
Measure what is measurable, and make measurable what is not so. — Quote frequently attributed to Galileo, that, alas, probably was not…
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Ten Terrible Tech Bills from the 117th Congress: Platform Competition and Opportunity Act
Tech startups are thriving. The COVID-19 pandemic and the corresponding government response created unique problems for facilitating communication, goods, and services. Fortunately, tech innovation helped…
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U.S. to Lift Tariffs against Ukraine for One Year: China Next?
In 2018, President Trump enacted a 25 percent tariff on Ukrainian steel, on what he claimed were national security grounds. They remained in place throughout…
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Countries Move Forward with CBDCs Despite Public Mistrust
New research from the Bank for International Settlements (BIS) reveals that countries are plowing ahead with central bank digital currencies (CBDCs) despite little public…
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CEI Joins Groups in Telling SEC to Stay Away from Private Markets
It’s bad enough that Congress and the Securities and Exchange Commission (SEC) have made it so costly for smaller companies to go and stay public…
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This Week in Ridiculous Regulations
The Federal Reserve took another small step to tamping down inflation, and the latest jobs report had mixed news. Agencies issued new regulations ranging…
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Ten Terrible Tech Bills from the 117th Congress: EARN IT Act
There is no shortage of legislation addressing Section 230 of the Communications Decency Act introduced in the 117th Congress, with some legislators seeking to amend…
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Environmental and Social Factors in Investing too Vague for Legal Definitions
Recently, Securities and Exchange Commission (SEC) chairman Gary Gensler released a video explaining his concerns about investment products that market themselves using terms like…
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Fed Hikes Interest Rate: Bigger News on Bond Portfolio Mostly Neglected
The Fed this week announced a half percentage point hike in its federal funds rate. This is the right thing to do, but it…
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Ten Terrible Tech Bills from the 117th Congress: Prohibiting Anti-Competitive Mergers Act of 2022
Mergers are on Congress’ mind, clearly. Legislation aimed at increasing both the powers and budgets of antitrust enforcers are plentiful, with technology companies being the…
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How Biden’s “Building a Better America” Agenda Consolidates Permanent Federal Power
Biden’s “Building a Better America” is not about building America, but rather about spending to fatten an already overfed central government with a…
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Ten Terrible Tech Bills from the 117th Congress: Open App Markets Act
Congress has an unhealthy fixation with app stores—and Congress isn’t alone. Both government and private parties filed antitrust lawsuits last year against the largest…
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Unions Are Getting Smarter by Returning to Old-School Organizing Tactics
A new wave of union activism has swept the country in recent months with workers at Starbucks, Amazon, and even Apple pushing to organize. The…
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This Week in Ridiculous Regulations
The economy shrank at an annualized 1.4 percent pace in the first quarter of 2022. The Department of Homeland Security announced a new “…
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Ten Terrible Tech Bills from the 117th Congress: American Innovation and Choice Online Act
As Congress enters its final weeks before the midterm elections, many expect a late push to pass legislation targeting the largest technology companies. Dozens of…
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The DHS “Disinformation Governance Board” Needs to Be Dismantled
In recent months, an escalation of various forms of federal surveillance has become apparent. That’s bad enough, but the trend is rendered more problematic…
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Sorting Out Some Confusion on Trade and GDP
While inflation is the biggest economic problem right now, trade policy is another reason why GDP shrank last quarter. It is also a common…
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GDP Shrinks: The Good and the Bad
The advance estimate for 2022’s first quarter gross domestic product (GDP) is in, and the news is not good. Adjusting for inflation, GDP shrank…
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A Bad Day for Incandescent Light Bulbs – and Freedom of Choice
Consumers are better off with choices, and worse off when federal regulators step in and take them away. That’s the best way to view today’s…
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Crypto and Crowdfunding Could Spur U.S. Economy
Crypto and equity crowdfunding (Reg CF) are two relatively new concepts that are combining to create new economic models that could overtake current economic paradigms.
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SEC’s War on Crypto Savers Continues
Securities and Exchange Commission (SEC) Chairman Gary Gensler claims he is “animated every day” to protect working families through securities laws. It’s a nice…
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Lisa Cook’s First Amendment Problem Should Concern Senators
As early as Tuesday, the U.S. Senate could vote on the nomination of Lisa Cook to be a governor of the Federal Reserve, along with…
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CEI Comments Explain Why FERC’s Greenhouse Gas Regulatory Policy Cannot Pass a Cost-Benefit Test
Today, the Competitive Enterprise Institute (CEI) filed comments on the Federal Energy Regulatory Commission’s (FERC) proposal to consider climate change impacts in reviews…
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Elon vs. the Regulators
A $43 billion sale of Twitter to Elon Musk looks more and more like a done deal. Depending on who you ask, Musk will…
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This Week in Ridiculous Regulations
Air travelers no longer have to wear masks, although the decision is being appealed. Having solved all of the state’s other problems, Florida Republicans passed…