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FedNow Isn’t a CBDC, But Still Contains Many Dangers
Over the past few days, “FedNow” has been trending on Twitter in tweets that contain healthy doses of curiosity and skepticism, well-founded concerns about privacy…
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Free the Economy Episode 15: Eco-Modernism and Abundance with Alex Trembath
In this week’s episode of the Free the Economy podcast, we talk about the likelihood of blue state bailouts, issues with “…
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Secondhand Antitrust: FTC Continues to Bully Industries that Can Save Lives
Altria Group, the largest tobacco company in the U.S., divested its 35 percent stake in the e-cigarette maker Juul Labs early last month. The Federal…
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Debt Limit: When You Run Out of Other People’s Money, Keep Spending Anyway
Spending and deficit control are indispensable to a the long-term economic health and stability of a nation. But today, fiscal restraint is visible only in…
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The EPA’s Premature Proposal on Particulate Matter: Highlights from CEI’s Comment to the EPA
The Environmental Protection Agency (EPA) is jumping the gun by reconsidering the existing particulate matter (PM) air quality standards.Under the Clean Air Act, the…
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In Chicago’s Mayoral Runoff, It’s a Question of Which Union Wins
In Chicago’s upcoming mayoral race, the question is not whether organized labor will win, but rather which public sector union walks away with bragging rights.
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This Week in Ridiculous Regulations
Finland, which borders Russia, is joining NATO. Former President Donald Trump was indicted by a grand jury. Meanwhile, agencies issued new regulations ranging…
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Finance Facts Trump Biden’s Blame Game on Banking Woes
Donald Trump dominated the news in more ways than one yesterday, as Biden officials attempted to place the Trump administration at the center of recent…
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Free the Economy Episode 14: Conservative Economics with Dominic Pino
This week we talk corporate mega-mergers that turned out for the best, political meddling with the Federal Reserve’s inflation policy, “woke” language…
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Large Language Models are Great Tools but Lousy Researchers
Climate skeptic Newtuber Tony Heller asked ChatGPT some questions about the climate and found it lacking. It gave the sort of answers you would…
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Eight Groups Support Supreme Court Consideration of Moore v. United States
The Moores’ Supreme Court challenge to an unprecedented tax—a tax which the government labels a income tax, but is actually a property tax—received a…
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Amendments to H.R. 1: The Very Good, the Good, and the Ugly
The House of Representatives is currently debating H.R. 1, the “Lower Energy Costs Act.” As the House works its way through the bill,…
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Michigan’s Right To Work Repeal Is a Repeal of Individual Rights
If right to work laws are so bad than why do their critics have such a hard time talking about what precisely the laws do? …
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Three Important Policy Reforms in H.R 1
The House of Representatives this week is expected to consider H.R. 1, the “Lower Energy Costs Act.” Here are three of the most…
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After Too Big To Fail, Too Big To Merge?
Did antitrust ideology play a role in the collapse of Silicon Valley Bank (SVB) and the slight contagion that destabilized the global banking system thereafter?…
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Free the Economy Episode 13: The Future of Online Privacy with Spencer Purnell
This week we talk about Silicon Valley Bank and political favoritism, the Securities and Exchange Commission’s climate agenda, the relationship of…
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IPCC’s Synthesis Report Focuses More on Ideology than Science
The UN Intergovernmental Panel on Climate Change’s (IPCC) latest Synthesis Report, released on March 20, reads like a far-left manifesto, promoting “redistributive policies,” social…
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This Week in Ridiculous Regulations
The Federal Reserve raised the federal funds rate, signaling it intends to hold firm on fighting inflation. Meanwhile, agencies issued new regulations ranging from…
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Are Administrative Law Courts More Trouble Than They’re Worth?
As touched upon in an earlier piece, administrative law courts (ALCs) are a threat to the separation of powers, in which the executive branch…
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Can HR 1 Rekindle The Blue Flame Of Freedom?
It’s not easy to choose the Biden Administration’s single most foolish climate change policy amongst many deserving candidates, but worst of all may be the assault on the residential use of natural gas. The costs of this agenda are substantial, and it’s all…
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The Many Harms of Unlimited Deposit Insurance
Unlimited deposit insurance – the government guaranteeing that bank accounts of any size be made whole-in the event of a bank failure – would create…
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Fed Credibility Depends on it Continuing to Raise Rates
Today’s federal funds rate hike is good news because it signals commitment. That will help the public to expect the Fed to continue to…
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Desperately Seeking Regulatory Restraint
Our friends at the Wall Street Journal editorial board recently published a timely warning about the surge in federal regulation being pushed by the…
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Protecting Pensions from Politics
Congress recently voted to protect pensions from politicized mismanagement and ESG fads, but President Biden has announced that he will be vetoing the measure. I…
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Silicon Valley Bank, ESG, and Political Favoritism
Last weekend we all saw the beginnings of what has now become a major meltdown for Silicon Valley Bank. The bank was quickly closed by…
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Legislation Introduced to Curb Federal Forfeiture
Earlier this month, Congressman Tim Walberg (R-MI) reintroduced the Fifth Amendment Restoration Act (FAIR) Act. This measure is aimed at curbing federal forfeiture…
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FTC Budget Request: More Money, More Staff, and More Problems
Instead of increasing the FTC’s budget, Congress should increase oversight of an agency gone rogue. The Federal Trade Commission (FTC) submitted its annual budget…
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This Week in Ridiculous Regulations
Silicon Valley Bank’s failure was the confluence of bad management and bad regulations. It could also complicate the Fed’s inflation-fighting efforts. Meanwhile, agencies…
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When the Policy is This Bad, Politics Might Be the Only Explanation
Florida Governor Ron DeSantis recently proposed a tech agenda as his “Digital Bill of Rights” for the state’ blessedly short 60-day legislative session. While there…
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Senators Should Reject WOTUS Overreach
The Senate is soon expected to consider legislation that would reject the Biden administration’s final rule defining “Waters of the United States,” otherwise…
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Free the Economy Episode 12: Consumer Welfare and Big Government with Patrick Hedger
This week we talk about the drama with Silicon Valley Bank and the proposal from Wayne Crews for an Abuse-of-Crisis Prevention Act, how…
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Congress, Please Reform the Consumer Financial Protection Bureau
My Competitive Enterprise Institute (CEI) colleague Devin Watkins recently testified on Capitol Hill before the House Financial Services Subcommittee on Financial Institutions and Monetary…
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CEI Advises CEQ to Withdraw Its NEPA Guidance on Greenhouse Gas Emissions and Climate Change
Last week I submitted comments advising the Council on Environmental Quality (CEQ) to withdraw its proposed guidance on consideration of greenhouse gas (GHG)…
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The Risks of Bailing Out Silicon Valley Bank’s Uninsured Depositors and How to Make the Banking System Resilient
On Sunday evening, the Biden administration decided that all customers of the failed Silicon Valley Bank will have their millions and possibly billions in the…
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Why Congress Must Think Twice About Adopting Biden’s Brazen Budget Proposal
Last Thursday, President Joe Biden finally unveiled his budget proposal for the upcoming fiscal year 2024. This marks the third straight year that Biden…
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Congress Should Appropriate Money for the CFPB Through the Congressional Appropriation Process
Last week, I had the honor of testifying before the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on how Congress should…
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This Week in Ridiculous Regulations
President Biden released a $6.8 trillion proposed budget. The labor force grew by 311,000 people in February. Meanwhile, agencies issued new regulations ranging…
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What Are Administrative Law Courts? Why Do They Matter?
The judicial branch is presumably an independent branch of government, alongside the legislative and executive branches. But many regulatory agencies have their own in-house court…
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Regulatory Reform in the 118th Congress: The ALERT Act
Transparency is a vital part of good government. It is also lacking in the regulatory process. H.R. 262, The All Economic Regulations are Transparent…
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The War On Natural Gas – Pipeline Edition
The Biden Administration’s climate change-inspired war on natural gas continues on multiple fronts. Most recently in the news are the regulatory attempts to curtail the use…
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Free the Economy Episode 11: True Diversity and Economic Opportunity with Patrice Onwuka
This week we talk about a warning from Wayne Crews and The Wall Street Journal on the burden of over-regulation, the policy…
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Trust, but Verify via Congressional Oversight
Is the Federal Trade Commission’s request that Twitter hand over the names of “all journalists and other members of the media to whom” the social…
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Rep. Duncan Leads Letter Expressing Concern over Foreign Regulatory Overreach
I’ve written before about the UK’s Competition and Markets Authority, its main antitrust regulator. It has already blocked one US company from taking over another…
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Some Things are Just Business, Not Politics – and That’s a Good Thing
The Conservative Political Action Conference (CPAC) was the predictable venue for Newsmax CEO Chris Ruddy to portrait DirecTV’s recent decision to stop carrying the channel…
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Don’t Ban Technology of Tomorrow to Save Jobs of Yesterday
Recently in Episode 10 of the Free the Economy podcast we returned to one of our favorite topics, economic opportunity and jobs in…
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House Financial Services Committee Leans on SEC’s Gensler for More Transparency
House Financial Services Committee Leans on SEC’s Gensler for More Transparency Republicans on the House Financial Services Committee and some allies in the Senate are…
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Trust, but Verify via Congressional Oversight
Is the Federal Trade Commission’s request that Twitter hand over the names of “all journalists and other members of the media to whom” the social…
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This Week in Ridiculous Regulations
CEI published a new paper on right-to-repair legislation and held a hill briefing about regulatory reform and other topics. Meanwhile, agencies issued new…
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Congress Hands Biden His First Legislative Defeat by Overturning DOL ESG Rule Affecting Retirees
Republicans in Congress have just teed up the first major legislative rebuke to the Biden Administration’s environmental, social, and governance (ESG) policies. On Tuesday,…
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Free the Economy Episode 10: Legalize Jobs with Shoshana Weissmann
Welcome back to the Free the Economy podcast. In this week’s episode we talk about Mercatus Center’s Michael Farren’s case for the…