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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…
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This Week in Ridiculous Regulations
The Senate passed the big budget reconciliation bill last week on a 50-50 tie broken by Vice President Harris. This week will see the impeachment…
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Bayer Spends Billions to Save Essential Tool for Farmers
Bayer Agrosciences is spending billions of dollars with the hope of keeping the herbicide known as Roundup on the market despite thousands of lawsuits alleging…
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EPA’s Transparency Rule: Post Mortem
Montana District Court Judge Brian Morris on February 1 vacated the Trump administration’s Science Transparency Rule. The judge’s decision was a victory for…
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Proposed European Tech Regulations Will Backfire, Badly
The European Union recently proposed two major tech regulation bills aimed at America’s tech industry, the Digital Markets Act (DMA) and the Digital…
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January Jobs Gain Threatened by Prospect of Minimum Wage Hike
The Labor Department’s report Friday that the unemployment rate was 6.3 percent in January, down 0.4 points from the previous month, is good news that…
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Biden Administration Begins Bid to Create Nationwide Version of California’s AB5
On the same day that President Joe Biden’s nominee for Labor Secretary, Boston Mayor Marty Walsh, told a Senate committee that he would…
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New Legislation Aims to Give More Power to Antitrust Enforcers
Today, incoming head of the Senate antitrust subcommittee, Sen. Amy Klobuchar (D-MN) introduced the Competition and Antitrust Law Enforcement Reform Act. The contents of…
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The New CFPB Leadership Should Avoid Rate Caps on Small Dollar Loans
With new leadership at the Consumer Financial Protection Bureau (CFPB), there is rising concern that there will be renewed attempts to cap effective interest rates…
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Electric Vehicles Are as Inevitable as … Cellulosic Biofuels
Americans are increasingly hearing the “I” word when it comes to electric vehicles—inevitability. Proponents insist that they make too much sense for consumers and…
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Questions for Marty Walsh
President Biden’s pick for Labor Secretary, Boston Mayor Marty Walsh will get his first Senate hearing on Thursday. Walsh is a former union head…
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Why Repealing Section 230 Will Hurt Startups and Medium-Sized Online Businesses
As Democrats and Republicans seek to rein in Big Tech, Congress is reviewing legislation to repeal Section 230 of the 1996 Communications Decency Act (CDA),…
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This Week in Ridiculous Regulations
As the new administration settles in, it appears they will continue many Trump administration policies, such as “Buy American” provisions and trade protectionism. Meanwhile,…
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Respect, Don’t Restrict, Retail Investors
Watching the wild gyrations of the stock market this week—and some of the reactions to it—brings to mind Ronald Reagan’s observations of the bureaucratic mindset…
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CEOs Join Davos Wonks to Launch New Corporate ESG Disclosures
Axios’ “cheerful iconoclast” Felix Salmon reported earlier this week on an agreement by dozens of major corporations to support a new system of…
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President Biden’s Climate Day: The Entire Federal Government Will Be Focused on the “Climate Crisis”
Climate was the White House’s theme for January 27. President Joe Biden gave a major speech and signed two Executive Orders. Top climate advisers…
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Biden Administration Initiates Steps to Submit Kigali Amendment to Senate for Ratification Vote
While the Biden administration’s reentry into the Paris Accord received most of the attention, another climate-related international measure also got a jump start after stalling…
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BlackRock’s Larry Fink: Fight COVID with Climate Activism
Larry Fink, CEO of mega asset management firm BlackRock, has released his annual pair of letters—one to the CEOs of companies that BlackRock holds…
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Feeding the Hand that Smites: Union Leaders Protesting Biden’s Cancellation of Keystone XL Pipeline Endorsed Him Despite Campaign Pledge to Kill the Project
One of President Biden’s first official acts on Inauguration Day was to rescind the construction permit for the Keystone XL pipeline (KXL). Although canceling the…
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Be Skeptical of Studies that Say Minimum Wage Hikes Are Painless
Do economists downplay the negative findings in their research on the minimum wage? That’s the implication of a new working paper on the issue for…
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New President, Same Bad Policies
The Trump administration’s trade war gave economics teachers countless real-world examples of bad policy they can use in the classroom. A new open letter…
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President Biden Moves Quickly to Unleash Regulatory Juggernaut
Not being distracted by the usual enjoyable folderol of inaugural parades and balls meant that President Joe Biden had time in his first day in…
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Has the Honeymoon Already Ended Between Biden and Trade Unions over Keystone XL?
It didn’t take long. On his first day in office, President Biden revoked the federal permit granted by Donald Trump for the Keystone XL pipeline,…
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This Week in Ridiculous Regulations
President Biden was inaugurated on Wednesday. With the usual end-of-administration midnight rush now over, things will likely slow down. It takes time for new appointees…
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Gensler Agenda at SEC Bears Close Watching
President Biden has chosen former head of the Commodity Futures Trading Commission Gary Gensler as his nominee to be chair of the Securities and Exchange…
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D.C. Circuit Court of Appeals Vacates Trump EPA’s Replacement for Clean Power Plan
A panel of the D.C. Circuit Court of Appeals voted 2-1 on January 19 to vacate the Trump administration’s Affordable Clean Energy (ACE) rule,…
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In Memoriam: Jerry Ellig
I was shocked and deeply saddened to learn yesterday that my friend and one-time teacher, Jerry Ellig, passed away on Wednesday night, the victim of a…
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Trump EPA’s January Surprise: Timely New Check on Regulatory Excess
The Environmental Protection Agency (EPA) on January 13 published its long-awaited final rule on New Source Performance Standards (NSPS) for greenhouse gas (GHG) emissions…
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A Look at “Modernizing Regulatory Review”
The Biden “Modernizing Regulatory Review” plan is about gutting the restraint of the past four years, and if you read statements from the proponents of…
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The Growing Groupthink Problem in Science and Policy
Government Dietary Guidelines issued jointly by the Departments of Agriculture (USDA) and Health and Human Services (HHS) every five years are meant to provide health…
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Trump DOE Finalizes More Flexible Regulation for Residential Furnaces
In one of the Trump Department of Energy’s (DOE) last regulatory actions, the agency on January 15 revised the energy efficiency standards for residential…
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EPA to Increase Transparency in Regulatory Science—for Now
Not many people know that much of the science used to regulate pollutants and radiation is a mess. To help clear this up, on January…
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This Week in Ridiculous Regulations
Happy MLK Day, everyone. The Trump administration’s final full week was an eventful one. The president was impeached for a second time. The usual end-of-administration…
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Treasury, FHFA Reverse ‘Net Worth Sweep” at Fannie and Freddie
The headlines yesterday were that the Trump administration had failed to exit Fannie Mae and Freddie Mac from the government-owned conservatorship. This is true…
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Economics Can Help Explain Conspiracy Theorists
There is a lot of conspiracy theory garbage floating around. On January 6, it took a violent turn. Five people died in a coup attempt…
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Most Americans Still Buy Large Gasoline-Powered Vehicles, According to Latest EPA Data
There is a deep divide between the vehicles that climate activists and their political allies prefer and those that the public actually wants and buys,…
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Employers Will Pay Workers to Get a Covid-19 Vaccine
The federal government, through Operation Warp speed, helped develop and bring to market vaccines against the new disease COVID-19 in less than a year, an…