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Biden Administration Says Lets Keep the Rules for Contract Work Vague and Confusing
In a move that surprised no one, the Biden administration announced today it was officially rolling back the Trump administration’s rule under the…
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New Study: Defusing the ESG Threat to Shareholder Rights
Today the Competitive Enterprise Institute published my new study on theories of enlightened investing, Environmental, Social, and Governance Theory: Defusing a Major Threat to…
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Universal Basic Income and the Custodial Administrative State
The American Families Plan (EFP), touted both before and during President Biden’s address to Congress, is still a work in progress, with…
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Biden’s Carried Interest Tax Would Force All Partnerships to Carry Big Burden
“The Biden administration and its allies excel at leveraging crises to expand government,” observes my CEI colleague Wayne Crews on the Biden “infrastructure” plan.
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This Week in Ridiculous Regulations
The economy bounced back in a big way, according to numbers released on Thursday. Things are not quite back where they were, but the trend…
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Is the Biden Administration Socialist?
One of the points I make in The Socialist Temptation is that today’s “democratic socialists” don’t really know what they mean by socialism. Nor…
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Is Biden Planning New Payroll Taxes?
President Biden will reportedly use address to Congress tonight to tout his American Families Plan, a major part of which is paid family leave.
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CDC Says It Is Safe for Vaccinated People to Unmask Outdoors
After much anticipation, the Centers for Disease Control and Prevention (CDC) has finally relaxed its guidelines on mask wearing—people who have been vaccinated need…
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CEI Submits Comments on Federal Energy Regulatory Commission Consideration of Greenhouse Gases in Natural Gas Facility Permitting
CEI submitted comments yesterday addressing seven questions posed by the Federal Energy Regulatory Commission (FERC) on how the Commission should consider environmental impacts…
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A Menthol Cigarette Ban Would Perpetuate the Racist War on Drugs
In April the White House announced an apparently historic shift in the U.S. War on Drugs—away from strict prohibition to an approach emphasizing harm…
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Don’t Fear Crypto Dip; Fear Regulations that Will Harm America’s Cryptocurrency Lead
After a massive runup for the past few months, the cryptocurrency market experienced a slight dip over the past week and a half. This dip…
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Democrats’ Drug Price Control Bill Is a Prescription for Disaster
Last Thursday, House Democrats reintroduced a bill from the last Congress, which they claim will protect Medicare from excessive prescription drug prices. Sadly, it…
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Expect Search for Corporate Virtue to Get Increasingly Expensive
Last week I wrote about a video from the Financial Times that was meant to explain environmental social, and governance (ESG) investing. Despite…
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Biden’s Leaders Climate Summit: China 2, U. S. 0
I was only able to watch part of the Biden administration’s global Leaders Climate Summit, but expect there will be opportunities for repeated viewings…
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This Week in Ridiculous Regulations
The big news of the week was the guilty verdicts in the Derek Chauvin murder trial. Senate Republicans continued their longtime strategy of bargaining with…
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Don’t Believe the Hype: ESG Investing Advice Hides Serious Flaws
In a recent video for the “Moral Money” section of the Financial Times, reporter Brooke Fox took on the question “What does ESG-friendly really…
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Which Way Forward on Energy and the Environment
This Earth Day, we are likely to once again hear the too-common predictions of climate catastrophe and calls for ambitious—and costly—policies to address the problem.
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John Kerry, an Unlikely Truth-Teller?
John Kerry, America’s special presidential envoy for climate, will be on the world stage during the Biden administration’s online global Leaders Summit on Climate.
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EPA Inspector General Releases Report on Trump Auto Rule Process Concerns
The Washington Post today reviews a report released yesterday by the Inspector General (IG) of the Environmental Protection Agency (EPA) regarding claims that…
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Runaway Spending and Regulation Call for an Abuse-of-Crisis Prevention Act
The escalation of spending and regulation in the face of economic shock—by means of “resets,” “New New Deals,” “new social contracts,” and “Build…
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Will China Play the U.S. on Climate?
President Biden’s 40-nation “virtual climate summit” is scheduled to begin on Earth Day, April 22. Even at this late date, it’s not clear that…
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Minimal Environmental Benefits in the Infrastructure Plan’s Spending Spree on Electric Vehicles
As discussed in a previous post, the $174 billion for electric vehicles (EVs) in the Biden administration’s recently proposed $2.3 trillion dollar infrastructure…
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The One Place Progressives Want the Vote Suppressed: Union Elections
Big business has a new weapon to use against organized labor: mailboxes. That is what the Retail, Wholesale, and Department Store Union (RWDSU) claims is…
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This Week in Ridiculous Regulations
Congress played a round of good idea-bad idea last week. Rep. Bob Good (R-VA) introduced a bill for a regulatory budget, similar to the…
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Can Money Buy Love When It Comes to Electric Vehicles? The Biden Administration Wants to Try with Its Infrastructure Package
There is a long history of Washington declaring gasoline-powered cars a thing of the past and subsidizing alternatives to replace them. It has never worked,…
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DOL On Independent Contractor Rule: We Were Wrong but We Cannot Explain Why
The Biden administration put the Department of Labor (DOL) in the awkward position of having to withdraw its new rule regarding when workers…
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Can Biden End the Current War on Drugs without Starting a New One?
This president is not your Grandad’s Joe Biden. At least, that seems to be the message of a new White House plan on the…
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Maybe Workers Just Aren’t That into You, Unions
Labor unions are second only to Donald Trump when it comes to crying foul over election outcomes they don’t like. The National Labor Relations Board…
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LBRY Cryptocurrency Prosecution Shows SEC’s Misplaced Priorities
The Securities and Exchange Commission (SEC), without authorization from Congress or from formal rulemaking, continues its punitive push against blockchain-based companies that sell native tokens…
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This Week in Ridiculous Regulations
Treasury Secretary Janet Yellen floated the idea of a global minimum corporate tax and Amazon workers in Alabama voted against unionizing. The Biden…
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The UK Should Beware of Future Restrictions against UK-EU Data Flows
The British government must beware of future challenges to the United Kingdom’s ability to transfer data to and from the European Economic Area (EEA) due…
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Americans Ambivalent about Billionaire Influence, Reject Left-Wing Hostility
New polling, recently written up at Reason, shows that the American public isn’t nearly as hostile to capitalism, and the leaders of big…
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New CEI Paper Revisits Viral Exchange on Payday Loan Rates by Katie Porter and Kathy Kraninger.
It’s not every day an exchange about a technical measurement for loans goes viral on social media. During a 2019 House Committee on Financial…
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Who Pays Corporate Taxes?
Congress is considering increasing the corporate tax rate from 21 percent to 28 percent to help pay for the big infrastructure bill it is currently…
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The London Stock Exchange Needs Dual-Class Ownership to Compete with New York and Amsterdam
Notwithstanding London’s status as a global financial center, the London Stock Exchange’s (LSE) inflexible listing rules constrain the city’s ability to attract high-growth tech…
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This Week in Ridiculous Regulations
Washington’s attention flitted back and forth between beginning work on a multi-trillion-dollar infrastructure bill and a brewing sex scandal allegedly involving Rep. Matt Gaetz and…
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Let Private Markets Assess the Financial Risks of Climate Change
In her opening remarks this week to the Financial Stability Oversight Council (FSOC), Treasury Secretary Janet Yellen identified climate change as the “big” “emerging…
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More Good News on the Road to Ending the Pandemic
A new study from the Center for Disease Control and Prevention, which shows that a single dose of either the Pfizer-BioNTech or the Moderna…
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Secretary Pete Scores an Own Goal
It should have been an open goal. Everyone agrees that the nation’s highways need more funding. Everyone agrees that the gas tax has passed its…
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Are Janus Violations a RICO Matter?
Ever since the Supreme Court’s 2018 ruling in Janus v. AFSCME that public sector workers cannot be forced to financially support unions, labor groups…
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Debate over Vaccination Passports Gathers Steam in Europe and United Kingdom
The concept of a “vaccination passport” was raised in the European Union (EU) early in the pandemic. EU documents show a timetable for discussion of…
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Are Electric Vehicles the Right Choice for Greenhouse Gas Emissions and Consumers? Much Depends on Battery Life
A recent Wall Street Journal story compares an electric vehicle (EV) with a similarly sized internal combustion engine (ICE) vehicle over their useful lives,…
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Federal Agencies Begin Process of Removing Guidance Document Portals
By the end of the Trump administration, several dozen federal agencies had issued final rules clarifying their use of sub-regulatory guidance documents. In one of…
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In Blow to Disclosure, Unified Agenda of Federal Regulations Database Removes “Deregulatory” Designation
In a setback to transparency alongside Joe Biden’s program to eliminate the disclosure of guidance documents via portals on agency websites, the Unified…
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U.S. Trade Representative Tai Should Rethink Keeping China Tariffs in Place
Over the weekend, The Wall Street Journal interviewed Katherine Tai, the new United States Trade Representative. She has a lot of work ahead of her…
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This Week in Ridiculous Regulations
A massive container ship turned sideways and blocked the Suez canal, halting roughly $10 billion worth of international trade per day, or about $400…
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Putting a Price on Conspiracy Theories, Revisited
Conspiracy theories are back in the news, so it’s a good time to revisit my recent Fortune article about putting prices on conspiracy theories.
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Decentralization Offers a Way out of the Social Media Content Wars
Thursday brought another politically charged installment of “a tale of two hearings” about online content moderation in the House of Representatives. Republicans scolded big…
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Will EPA Establish National Ambient Air Quality Standards for Greenhouse Gases?
Will the Environmental Protection Agency (EPA) propose to establish national ambient air quality standards (NAAQS) for carbon dioxide (CO2) and other greenhouse gases (GHGs)? The…
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Contrasting Approaches to Energy Policy on Display in Two House Energy and Commerce Committee Bills
It is not hard to distinguish bad federal energy policy from good. Bad policy picks winners and losers among competing energy sources and technologies by…
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Will Anyone Challenge the SEC’s Ever-Expanding Authority?
This question of redefining a government agency’s mission arose last week during an event hosted by George Mason University’s Center for the Study of…
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The PRO Act’s Extremely Broad “Whistleblower” Provisions
The Senate confirmed former Boston Mayor and ex-union official Marty Walsh as the new Labor Secretary Tuesday by a vote of 93-2.
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Janet Yellen vs. Suze Orman on Bitcoin and Cryptocurrency
As Treasury Secretary Janet Yellen is testifying now before the House Financial Services Committee, she will likely get questions about the popularity of bitcoin…
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Restoring Separation of Powers and Improving Resilience with the USA Act
Separation of powers is a core principle of American government. But things haven’t gone quite as planned. Congress, the first branch, has increasingly taken a…
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Book Review: Open: The Story of Human Progress by Johan Norberg
On March 25, 2021 at noon ET, CEI is hosting a double book forum featuring Johan Norberg, the 2019 winner of CEI’s Julian L. Simon…
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This Week in Ridiculous Regulations
CEI published its new Agenda for Congress. We also held a launch event featuring Sen. Rand Paul. Meanwhile, the 2021 Federal Register surpassed…
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As California Goes on Regulation, so (Unfortunately) Goes the Nation
Last month, a federal judge upheld California’s net neutrality regulations. That led to AT&T’s announcement this week that they will no longer exempt…
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Agenda for Congress: Regulatory Reform
CEI’s new agenda for Congress is out now. If you’re interested only in certain issues, individual chapters are downloadable here. We also hosted…
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Lawmakers Should Tread Carefully When Trying to Balance Privacy with Security
It’s been said that a compromise is the art of dividing a cake in such a way that everyone believes he has the biggest…
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Yes, Let’s Debate Taking Rights Away from Workers
Legislation doesn’t get much simpler than the National Right To Work Act. Introduced by Kentucky Sen. Rand Paul and South Carolina Rep. Joe Wilson…
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Does the Rebound Effect Undercut Savings from Energy Efficiency Standards?
There are plenty of reasons to oppose Department of Energy (DOE) efficiency standards for home appliances such as those for air conditioners, refrigerators, clothes washer/dryers,…
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Senate Votes Today on Rep. Debra Haaland’s Nomination to Be Interior Secretary
The Senate at 5:30 p.m. today will vote on Interior Secretary nominee Rep. Debra Haaland (D-NM). In a statement posted March 11 on the…
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Perspectives on “Woke Capital” and Politicized Investing
Recently, the Competitive Enterprise Institute hosted a virtual book event for Political Forum publisher Steve Soukup’s new book, The Dictatorship of Woke Capital:…
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Biden Administration Wants to Decide When Freelancers Are “Legitimate”
The Department of Labor (DOL) announced Thursday, March 11 that it was rescinding a rule issued by the previous administration on when workers…
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This Week in Ridiculous Regulations
Congress passed a $1.9 trillion spending bill, some of which may actually be COVID-related. Agencies issued new rules ranging from eastern hellbenders to reentry licenses.
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Those Who Forget the Antitrust Mistakes of the Past Are Bound to Repeat Them
Yesterday’s Senate antitrust hearing was broad in its discussion of reforms, but one point deserves clarification. A witness from Open Markets centered much of…
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Twelve States Challenge Legality and Constitutionality of Biden Administration’s Use of Social Cost of Carbon
In a lawsuit filed this week, 12 state attorneys general (AGs) are asking a federal district court in Missouri to place an “immediate and…
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Why Facebook’s Antitrust Cases Should Be Dropped
Facebook filed today to dismiss antitrust lawsuits against it today by the Federal Trade Commission (FTC) and several state attorneys general. One of the…
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House Passes Legislation to Limit Individual Worker Rights
The House of Representatives passed legislation late Tuesday to significantly limit individual workers’ rights. That is, granted, not how the Protecting the Right…
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Adam Smith Slavery Controversy Can be Settled by his Writings
According to Britain’s Daily Telegraph, the grave of Adam Smith in his home city of Edinburgh has been included in a citywide review as…
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Virginia, Famed for Its Ham, Delivers a Turkey on Privacy
The Virginia House of Delegates and Senate recently passed consumer privacy legislation, the Virginia Consumer Protection Act. The bill has elements similar to its…
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Teacher Union Resistance to School Openings Keeping Moms out of Workforce
The closure of schools and the resistance by teachers’ unions to reopening them is having the spillover effect of forcing more women out of the…
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This Week in Ridiculous Regulations
One sign that the worst of COVID is likely now past is that instead of disease and economic hardship, people got riled up over Mr.
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Some Good Tariff News
I’ve written before about the 17-year-long dispute between the United States and the European Union over Boeing and Airbus subsidies. Each jurisdiction has placed…
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Roger Pielke, Jr. Debunks Biden Administration Social Cost of Carbon Estimates
Last Friday, the White House blog announced a “return to science.” How so? Federal agencies will henceforth be guided by “evidence-based estimates of the…
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Congress Should Read the Fine Print on Sami’s Law
Whether a person is an employee of an app-based ridesharing company like Uber or Lyft under U.S. law has been a major hot button issue.
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Africans Are Making Progress Controlling Locusts by Ignoring Greens’ Advice
As nations around the world struggle with COVID-19 and related economic lockdowns, African countries are fighting another plague: swarms of locusts. Massive crop damage during…
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Report: California’s Electricity Price-Boosting Environmental Measures Disproportionately Harm the Poor
A new report published by Next 10 and the University of California, Berkeley Haas School of Business, “Designing Electricity Rates for an Equitable Energy…
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Leveraging the Congressional Review Act to Shield Rather than Discipline Regulation
While the Congressional Review Act (CRA) was strongly bipartisan when it passed in 1996, supported by then-Sen. Harry Reid (D-NV) and others…
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This Week in Ridiculous Regulations
COVID-19 cases are finally in decline as vaccinations continue, to the point where there is reason for cautious optimism. Congress was busy with a stimulus…
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Alternate Minimum Wage Proposal Suggests Punishing Business Is the Real Goal
Fans of raising the federal minimum wage to $15 an hour have come up with a workaround for the Senate Parliamentarian’s ruling Thursday that that…
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Senate Energy and Natural Resources Committee Considers the Nomination of Rep. Debra Haaland to Be Secretary of Interior
The Senate Energy and Natural Resources Committee this week held a two–part hearing to consider the nomination of Rep. Debra Haaland…
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Federalist Society and SEC’s Roisman on Future of ESG, Corporate Governance
Yesterday the Federalist Society held an excellent virtual event on corporate social responsibility (CSR) and environmental, social and governance (ESG) theory, addressing “the divergent…
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Are Democrats All or Nothing for a $15 Minimum Wage?
Can congressional Republicans bid down the Democrats’ and Biden administration’s push for a $15 an hour minimum wage? That’s what Republicans lead by Sens.
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Why Biden Cannot Simply Revoke Trump’s Executive Order 13891 Requiring the Discipline of Guidance Documents
President Joe Biden’s progressive agenda shapers have prepped dozens of executive orders for him to autograph during his first few days in office. Prominent among…
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The Regional Differences Argument against a $15 Minimum Wage
The strongest political argument against increasing the federal minimum wage is the regional differences argument. Basically, while a $15 minimum wage might not be a…
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Prescription Drug Price Controls are a Trump Legacy Worth Eradicating
During his first month in office, President Biden has seemingly been more interested in eradicating Donald Trump’s legacy than pushing his own proposals, though…
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California’s Khanna Says Businesses that Cannot Pay $15 Wages Are Dying Anyway
California Congressman Ro Khanna has a message for businesses that say they cannot afford to pay a $15 minimum wage an hour for their workers:…
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Biden Should Choose Science over Politics and Embrace Tobacco Harm Reduction
Will the new Biden administration choose science over politics? The commandment to “believe science” has become a rallying cry, one echoed by Joe Biden…
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Biden Administration Presses Forward with Attack on Gig Economy Companies
The Biden administration last week continued its effort to help its union allies by officially withdrawing a Trump-era Labor Department guidance letter to businesses…
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This Week in Ridiculous Regulations
It was a four-day week due to Washington’s Birthday (see my colleague John Berlau’s recent book, George Washington, Entrepreneur). The Perseverance rover landed on…
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UK Court Ruling on Uber will Mean Fewer, More Expensive Rides, and Fewer Jobs
Today, the Supreme Court of the United Kingdom ruled on an important question as to whether certain drivers who work with Uber are entitled to…
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Biden Picks Top Union Attorney to Enforce Labor Rules
The Biden administration announced this week that it was nominating Jennifer Abruzzo to serve as acting general counsel for the National Labor Relations Board…
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Federal Fleet Again to Become Guinea Pig for Alternative Vehicles
Among the long list of announced climate-related measures, the Biden administration has set a goal of “clean and zero-emission vehicles for Federal, State, local,…
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Crop Protection Products on the Chopping Block under New EPA Leadership
The Biden administration is poised to start reversing Trump administration policies that were designed to ensure farmers have continued access to critical pest control…
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This Week in Ridiculous Regulations
Former President Trump’s impeachment trial was the big new story, though there is little suspense about the outcome. Meanwhile, agencies issued new rules ranging from…
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Young Investor’s Tragedy Should Not Cancel Robinhood and Other Fintech Investing Apps
Since the Gamestop-Reddit frenzy, the FinTech investing app Robinhood has taken a lot of arrows. Those who decried the stock market rallies blamed Robinhood for…
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CBO Restates the Obvious: Raising the Minimum Wage Costs Jobs
The nonpartisan Congressional Budget Office (CBO) on Monday reaffirmed something we already knew but that bears repeating: Higher minimum wages costs jobs. The CBO’s…
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Study: Electric Vehicles Driven A Lot Less Than Previously Assumed
A recently published study finds that electric vehicle (EV) owners drive them considerably less than previously assumed. This finding, if true, would greatly undercut claims about…
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Upcoming CEI Event: Bart Wilson on The Property Species
At noon ET on Thursday, February 11, CEI is hosting an event with the experimental economist Bart Wilson, author of The Property…