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EIA Releases International Energy Outlook 2021–What Is the Big Picture?
The U.S. Energy Information Administration (EIA) yesterday released International Energy Outlook 2021, this year’s iteration of the agency’s annual report projecting world energy market…
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Retro Review: The Social Responsibilities of Business (1970)
The Biblical book of Ecclesiastes reminds us that “there is no new thing under the sun.” Even centuries before the modern era, our ancestors…
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Why Don’t U.S. Ports Operate 24/7? Ask the Unions
There has been a massive backlog for months now of cargo ships waiting to drop their goods at West Coast U.S. ports. As I…
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How Civil Forfeiture Can Enable Public Officials’ Misuse of Funds
A fascinating story at Reason last week—about the misuse of money confiscated through civil forfeiture—illuminates the many kinds of corruption that the practice of…
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This Week in Ridiculous Regulations
Congress averted a government shutdown and continued to negotiate over nearly $5 trillion in combined spending. Merck announced an antiviral pill for COVID-19 that…
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Let the Market Make Corrections and Leave the Red Tape out of It
YouTube banned anti-vaccine content on its platform, Instagram is accused of being “toxic” for its teen users, and Facebook’s Oversight Board is routinely…
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CEI Files Legislative Proposals to Rescue Crypto
On Monday, the Competitive Enterprise Institute responded to Sen. Patrick Toomey’s (R-PA) request for proposals to clarify laws around cryptocurrency and blockchain technology.
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America Needs More Truckers on the Road
Severe backups and bottlenecks in the nation’s ports, particularly on the West Coast, have created severe logistical and supply problems throughout the country. This is…
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Federalist Society Experts Duel on Climate Risks and Regulation
Earlier this week, the Federalist Society presented a panel discussion titled “Corporate Social Responsibility, Investment Strategy, and Liability Risks” that addressed some important issues…
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Illusory Climate Benefits: CEI Comments on EPA’s Motor Vehicle Greenhouse Gas Emission Standards
CEI submitted comments yesterday on the Environmental Protection Agency’s (EPA) proposed greenhouse gas (GHG) emission standards for motor vehicles during model years 2023…
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Tobacco Tax Equity Act Perpetuates Economic and Health Disparities
Mainstream interest in the issue of structural racism is long overdue. Yet nascent efforts to root out vestiges of racism in the U.S. political system…
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Fighting Income Inequality Won’t Help Workers
I just learned of the latest forthcoming study focusing on the issue of income inequality, this one promising to explain how regulations can exacerbate…
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This Week in Ridiculous Regulations
CEI held its Julian Simon Award dinner, honoring the development economist William Easterly. We also paid remembrance to 2020’s winner, the late, great…
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Cost of Air Conditioning to Heat up, Thanks to New EPA Climate Regulation
We can soon add air conditioning to the long list of products contributing to inflation, thanks to a new Environmental Protection Agency (EPA) rule,…
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Are Unions Losing Hope for the PRO Act?
In a sign that unions are losing hope that the Protecting the Right to Organize (PRO) Act can pass Congress, they are now…
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Not Always an Antitrust Issue: Airline Edition
The Justice Department is gearing up to file an antitrust case against JetBlue and American Airlines over an alliance they recently formed. The Wall…
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This Week in Ridiculous Regulations
Inflation remains high at over 5 percent, California’s governor will finish out his term after a recall attempt failed, and culture warriors got outraged at…
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More Evidence that the Biden Administration Is Not Following the Science
In a rebuke to the Biden administration’s announcement that it would be rolling out COVID-19 booster shots for adults during the week of September…
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Happy Constitution Day!
When I was a civil servant in the United Kingdom, I had a friend who worked at the Ministry of Defence. Part of his duties…
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Some Questions About the Legality of President Biden’s OSHA Vaccine Mandate
On Thursday, September 9, 2021, President Biden announced he is directing the Occupational Safety and Health Administration (OSHA) to issue an Emergency Temporary Standard (ETS)…
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Regulatory Flexibility: Good for the Booze Business and Consumers
The coronavirus pandemic has taught us a few things, including the economic fragility of many industries. The restaurant industry, with its reliance on in-person dining,…
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Must We Be Submissive to the Cops?
CEI has just published my paper “They’re Taking My Stuff!”: What You Need to Know about Seizure and Forfeiture.” My interest in this topic…
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Unions on Biden’s Vaccine Mandate: That’s Not in Our Contract
President Biden’s vaccination mandate announcement on Friday has drawn a notably cool reaction from unions. While none appear to have come out against it, few…
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Proposed New Restrictions Threaten Opportunity for Middle Class Investors
While President Biden and Congressional Democrats have called for reining in big firms through antitrust and other punitive policies, a tax provision contrived by Congress…
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Texas May Still Be the Wild West, But Its Social Media Shouldn’t Be
The Texas legislature passed and Governor Greg Abbott recently signed into law H.B. 20, which he described as “safeguarding the freedom of speech by…
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Exorbitant Tax Incentives for Electric Vehicles to Be Voted on in House Ways and Means Committee
If electric vehicles (EVs) are to be judged by the amount of tax incentives needed to induce Americans to choose them, the latest provisions…
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This Week in Ridiculous Regulations
The 2021 Federal Register surpassed 50,000 pages in a short Labor Day week. Fresh off a trillion-dollar infrastructure bill, Congress began work on a $3.5…
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Jobless Claims Are Down, but Tensions Remain in COVID Recovery
Jobless claims are at their lowest levels since the start of the pandemic; 310,000 people filed first-time claims last week, down roughly 95 percent…
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FDA Shows Its Bias against E-cigarettes as Deadline Approaches
After years facing the constant threat of extinction, it seemed the vapor industry would finally be vindicated. The evidence on e-cigarettes regarding their safety and effectiveness…
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This Week in Ridiculous Regulations
The United States officially ended its military occupation of Afghanistan. Hurricane Ida killed at least 40 people in the Northeastern U.S., while in the New…
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Web 3.0 Requires New Regulatory Thinking
“[A] digital economy isn’t simply an industrial economy on the internet.” The Blockchain Innovation Hub at the Royal Melbourne Institute of Technology in Australia…
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The Cost of Uncertainty in Dealing with the Pandemic
If there is one thing that businesses want more than anything else when it comes to regulations, it is predictability. That’s one case where what’s…
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Fighting Bias and Misinformation, from Pierre Bayle’s 17th Century to the Social Media Age
Many people insist that media bias and misinformation are getting worse in the social media age, and we need to do something about it. Depending…
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UK’s Attempt to Block a Merger Between American Firms Could Cripple Innovation
As I explain in both an op-ed and regulatory comments submitted yesterday, the United Kingdom’s Competition and Markets Authority (CMA), the UK’s version…
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Deep Dive on Plastics: CEI Launches Series on Benefits to Mankind and Wildlife
Members of Congress have introduced several proposals to regulate plastics, which as I noted here and here, could basically destroy the U.S. plastics…
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This Week in Ridiculous Regulations
Congress seems to have reached a deal to combine the trillion-dollar infrastructure bill and the $3.5 trillion reconciliation bill. A $6 trillion budget bill remains…
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Landlords Deserve Protection Too
Yesterday, the U.S. Supreme Court struck down the Biden administration’s extension of the Centers for Disease Control and Prevention’s nationwide eviction moratorium. While most…
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Non-Binding, Non-Enforceable Paris Agreement Poised to Destroy U.S. Fossil Fuel Industry—as We Warned
For years, the Competitive Enterprise Institute has been making the case that the Paris Agreement is a signed but non-ratified treaty that must win…
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EPA’s Proposed Auto Rule: What We Said at the Agency’s Zoom Meeting Today
Today and tomorrow, the Environmental Protection Agency (EPA) is hosting a public Zoom meeting on the agency’s proposed motor vehicle greenhouse gas emission…
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Capitalism and Corporations: Respect Stakeholders, But Follow the Law
Last week the Law & Economics Center at George Mason University hosted a fascinating event here in Washington, D.C. on the debate over shareholder…
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This Week in Ridiculous Regulations
The big story of the week was the United States’ military withdrawal from Afghanistan. Back home, a new school year began and the economic…
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The Progressive Playbook? Thoughts on a Slippery Slope
Is there a master plan behind the blunders of governments? Or are politicians just making it up as they go along? The cabal model…
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No, Crypto Is Not a Criminal Haven
“In 2020, the criminal share of all cryptocurrency activity [was] just 0.34%, or $10.0 billion in transaction volume.” This finding by crypto intelligence firm…
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Mexican Workers Deserve Secret Ballot Elections; So Do U.S. Workers.
Today, U.S. labor leaders applauded Mexican workers for getting rid of an allegedly corrupt union at a General Motors (GM) plant in Silao, in…
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FTC Re-Files Facebook Antitrust Complaint
The Federal Trade Commission (FTC) submitted a revised antitrust complaint against Facebook today. In June, a judge threw out the initial complaint for…
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Senate Republicans Revive Kyoto Lite
Bad policy ideas never die; they just get recycled. A prime case in point is the Senate’s recent passage of the Growing Climate Solutions…
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This Week in Ridiculous Regulations
The Senate passed the big infrastructure bill in a dramatic marathon vote. It now goes to the House. Up next is a $3.5 trillion spending…
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Washington’s War against the Incandescent Light Bulb Is Back
The Trump administration called a truce in the regulatory war against the incandescent light bulb by declining to target them with additional efficiency standards, but…
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Some Good News on Forest Management
After a grueling deliberative process, the Senate passed the $1.2 trillion bipartisan infrastructure bill on Tuesday. Speaker Nancy Pelosi (D-CA) has threatened to…
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New Inflation Numbers: Still High, Still Fixable
July’s inflation numbers are out. The annualized Consumer Price Index came in at 5.4 percent, compared to a 2 percent target. The month-to-month increase…
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CEI Continues Fight for Cryptocurrency Freedom
Because the Senate failed to adopt the bipartisan Wyden-Lummis-Toomey amendment even after it was watered down, the infrastructure package’s cryptocurrency tax reporting provisions could destroy,…
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Observations Concerning the Newest IPCC Report
View Full Document as PDF The case made for catastrophic climate change in the new “Sixth Assessment Report” by the United Nations’ Intergovernmental…
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CEI’s John Berlau Testifies at House Hearing on Solutions for the Unbanked
On Wednesday, July 21, CEI Senior Fellow John Berlau testified before the House Financial Services Committee, Subcommittee on Consumer Protection and Financial Institutions on how…
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Why Government Infrastructure Spending Crowds Out Private Investment and Innovation
Those proclaiming of the Senate infrastructure bill that none of the spending is needed are correct. In embracing this gigantic spending bill, Republicans have helped preclude the…
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Not A Policy Paper, Just A Thought
Years ago, pastor Lon Solomon of the D.C.-based McLean Bible Church popularized a series of radio ads entitled, “Not a Sermon, Just a Thought,”…
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Nasdaq’s Board Diversity Rule Still a Mistake
On Friday the Securities and Exchange Commission (SEC) approved a new rule from Nasdaq that will require firms listed on that exchange to comply…
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This Week in Ridiculous Regulations
Nearly 1 million jobs were created in July, while Congress put the finishing touches on an infrastructure bill that will add about $250 billion…
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Better Forest Management Needs a New Approach
The rampant wildfires in the west continue to exacerbate and conditions are likely to get worse before they get better. More than 4 percent…
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Senate Should Pass the Wyden-Lummis-Toomey Cryptocurrency Amendment
The Senate must adopt the bipartisan Wyden-Lummis-Toomey amendment to ensure that the infrastructure package’s cryptocurrency tax reporting provisions do not destroy, rather than help build,…
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For CDC to Repair Its Reputation, It Must Get Out of Housing (and Politics)
The Centers of Disease Control and Prevention (CDC) was once considered one of the most trusted public health institutions in the world, but its handling…
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The Bipartisan Infrastructure Bill Shows Much of What’s Wrong with Congress
Although it now looks unlikely, Senate Majority Leader Chuck Schumer (D_NY) wants the Infrastructure Investments and Jobs Act, popularly known as the bipartisan infrastructure bill,…
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CDC’s Eviction Moratorium Extension Another Example of Ends-Justify-the-Means Policy
The Constitution requires all of Congress and the president to swear to uphold the Constitution. Yet, too often today, public officials of both parties ignore…
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Weil Is a Poor Choice to Lead Labor Department’s Wage and Hour Division
Lawmakers should reject President Biden’s choice to serve as administrator of the Department of Labor’s Wage and Hour Division, a major federal law enforcement…
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Civilian Climate Corps Would Expand Government When We Can Least Afford It
My first post in this series reviewed the history—and basic economics—of government works programs, such as the Civilian Conservation Corps (CCC). My second…
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This Week in Ridiculous Regulations
Second quarter GDP grew at a 6.5 percent annualized pace, although COVID’s delta variant, inflation, and massive deficit spending could dampen growth going forward.
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Has Bitcoin/Crypto Failed as Money?
“[I]t’s not that [cryptocurrencies] didn’t aspire to be a payment mechanism; it’s that they’ve completely failed to become one except for people who desire anonymity…
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Climate Risk Disclosure: SEC’s Next Modest Proposal
An article in the Wall Street Journal this week reports as breaking news something that has been obvious for months: The Securities and Exchange…
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Tobacco Control’s Latest Self-Fulfilling Prophecy
If you want to make something irresistible to teenagers, portray it as a forbidden fruit. That is what has happened in the U.S. with e-cigarettes.
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Do We All Deserve a Share of the World’s Natural Resources?
In early July I wrote an op-ed for Inside Sources, which was subsequently picked up by several newspapers, on why the United States should…
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Big Tech Critic Jonathan Kanter Nominated to Lead Justice Department Antitrust Division
President Biden’s announcement to nominate long-time Big Tech adversary Jonathan Kanter to lead the Department of Justice Antitrust Division follows on the heels of…
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Wisdom on the Interest-Rate Price Control Folly from John Stuart Mill to Thomas Sowell
Today, the Senate held a hearing entitled, “Protecting Americans from Debt Traps by Extending the Military’s 36% Interest Rate Cap to Everyone.” But the…
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The Meaningless Symbolism of Raising the Minimum Wage for Federal Contractors
The Biden administration is planning to increase the minimum wage for federal contractors to $15 an hour, but there is much less to this than…
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This Week in Ridiculous Regulations
The Olympic games began in Tokyo, after being delayed a year due to COVID-19. Congress is working its way through a $3.5 trillion spending bill…
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A Civilian Climate Corps Cannot Address a Climate Emergency
In my previous post, I explained that high-profile political figures, including President Biden, are currently pushing for the creation of a Civilian Climate Corps…
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Carbon Tariffs Would Hurt Consumers, Slow Recovery
Over in the Washington Examiner, I take a look at the carbon tariff proposal that will likely be in the $3.5 trillion spending bill…
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War on Natural Gas—End User Edition
No matter that it is clean-burning, domestically plentiful, and affordable, natural gas is demonized by the Biden administration as a fossil fuel and for that…
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The Flawed Arguments for a Civilian Climate Corps
When President Franklin Delano Roosevelt took office in 1933, he was faced with a massive economic crisis. To combat it, he embarked on a plan…
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With PRO Act, Congress Readies National Version of California’s AB5 Fiasco
California’s AB5 law, which was meant to prevent worker misclassification, faced a popular backlash when it disrupted the livelihoods of freelancers and gig…
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Private Forest Management Can Help Prevent Wildfires
When California Governor Gavin Newsom took office in 2019 he vowed to commit a stronger strategy to combat the wildfires ravaging California, declaring their approach…
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This Week in Ridiculous Regulations
CEI announced that renowned development economist William Easterly will receive its 2021 Julian Simon Award at a two-day event in Washington, D.C., on…
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Do We Need a Clean Electricity Standard and CO2 Border Tax to Avert Catastrophe?
Climate ambition is busting out all over in the nation’s capital. The $3.5 trillion budget blueprint approved by Democratic leaders this week includes a…
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Green Protectionism on the Rise?
The $3.5 trillion budget proposal that the Democratic leadership in Congress is putting together will reportedly include the world’s first carbon tariffs, which are…
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Does DOL Nominee David Weil Believe in Guilty Until Proven Innocent?
David Weil, a Brandeis University professor and President Biden’s nominee to head the Department of Labor’s Wage and Hour Division seems to believes that protecting…
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An Unprecedented FTC Appointment
In June, President Biden broke precedent when he appointed Lina Khan as the new chair of the Federal Trade Commission (FTC). It has been…
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This Week in Ridiculous Regulations
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Enshrining Cronyism
If you like your cronyism, you can keep it. For that matter, if you like your income inequality, you can keep that too. Highly reminiscent…
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Biden Is Right to Call for Rolling Back Occupational Licensing and Non-Compete Agreements
President Biden’s executive order today calling for occupational licensing and employment non-compete agreements to be rolled back is a good idea that could benefit…
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CEI Files Comments on EPA’s Reconsideration of Trump Auto Rule
On Tuesday, July 6, CEI submitted comments on the Environmental Protection Agency’s (EPA) reconsideration of Part One of the Trump administration’s Safer Affordable…
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Relevant Markets, A Dozen Keystrokes, and the Google Play Store Antitrust Lawsuit
Yesterday, after markets closed, 36 state attorneys general announced another antitrust lawsuit against Google. This complaint centers around Google’s Play Store, in which it…
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A Sustained Recovery Needs a Deregulatory Stimulus
Over in The Hill, Wayne Crews and I argue that more deficit spending won’t help the COVID recovery. Regulatory reform is more powerful stimulus…
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Free Market Organizations Oppose Costly EPA Air Conditioner Regulations
With temperatures in Washington D.C. topping 90 degrees in recent days and with most of the summer yet to go, it is hard to imagine…
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SEC Discovery Tactics Belie Lofty Pronouncements in Ripple Case
The Securities and Exchange Commission (SEC) has gotten away with questionable investigation and litigation methods for years. The Commission’s Enforcement Division tactics are so well…
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This Week in Ridiculous Regulations
The CEI community mourned the loss of Steve Horwitz, a principled classical liberal, a fine economist, and an even finer person. We’ll miss you, Steve.
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How the Unemployment Rate Rose While the Economy Added Jobs
The Department of Labor’s (DOL) seemingly contradictory report Friday that the nation’s unemployment rate had risen marginally to 5.9 percent, up 1/10th of a…
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End Useless Vaccination of the Immune
Six months ago, as the first vaccines were becoming available, I wrote, “Why Are We Vaccinating People Who Have Recovered From COVID-19?” Now that…
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The 2021 Edition of Ten Thousand Commandments Is Out Now
How much does regulation cost? It’s hard to tell, due to a lack of transparency. The government is legally required to tell the public how…
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Missouri Employers Must Jazz Up wages to Avoid St. Louis Blues
Employers are struggling to fill jobs in Missouri and that’s a good thing. It means wages and benefits in the state will rise and workers…
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This Week in Ridiculous Regulations
Negotiators reached a deal on a bipartisan infrastructure bill, at least for now. There were also marathon committee markup sessions for five antitrust bills. Meanwhile,…
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China Ratifies Kigali Amendment, At America’s Expense
On June 17, China ratified the Kigali Amendment, the United Nations treaty provision that restricts future production of a widely used class of refrigerants…
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How Private Property Can Protect Rivers From Pollution
Many prominent environmental activists, such as teen media star Greta Thunberg and former Vice President Al Gore, raise various environmental concerns from climate change…