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Washington and Wall Street: Best Kept Separate
Russ Roberts' recent Congressional testimony is superb: "I’m mad at Wall Street. But I’m a lot madder at the people who gave them the keys…
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Regulation of the Day 67: Oysters
A new FDA rule requires oysters harvested between April and October to be sterilized before they are eaten. An unintended consequence is that the state…
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Regulation of the Day 66: Trick or Treating
Trick-or-treating is banned in Dunkard Township, PA. The government will hold a four-hour Halloween party to make up for it.
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Sweden’s CO2 Labeling: Deceptive Advertising?
A quick point to add to Fran Smith's post on Sweden's experiment in labeling food and menus with carbon footprints: don't read too much into…
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Regulation of the Day 65: Weighing Animals
If you sell poultry or livestock, it’s a good idea to weigh them first. Makes it easier for buyer and seller to agree on a…
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Keeping Priorities Straight
Bjørn Lomborg, head of the Copenhagen Consensus, brings some much-needed common sense to the global warming debate. Reporting from Vanuatu, he finds that many locals…
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Regulation of the Day 64: Starting a Business in Sacramento, California
The human mind is capable of creating limitless, endless wealth. The human mind is nearly as adept at preventing that wealth from being created. Sacramento…
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Is Cognitive Dissonance an Insured Condition?
Rep. Diana DeGette is proposing: 1)That health insurers' antitrust exemption be removed. 2) Require, by law, that people buy health insurance. What one hand giveth,…
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Regulation of the Day 63: Sports Agents in New Hampshire
It is illegal to be a sports agent in New Hampshire without a Secretary of State-issued certificate. Don’t forget your biennial renewal!…
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Regulation of the Day 62: Government Employees and Texting while Driving
Executive Order No. 13513 prohibits federal employees and contractors from texting while driving while on duty.
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Deficit Hits $1,400,000,000,000
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Happy 90th Birthday to Nobel Laureate James Buchanan
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Robert Reich Gets It
Some of the consequences of increasing government’s role in health care are easy predict.
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Regulation of the Day 61: Big Screen TVs – Mankind’s Doom!
On November 4, California regulators may vote to ban big-screen televisions. The large sets use more energy than they would prefer.
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Regulation of the Day 60: Hybrid Car Noise
One advantage of hybrid cars is that they are quiet. Too quiet, some would say. Blind pedestrians may not hear a hybrid coming around the…
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Regulation of the Day 59: Pharmacy Interns in Colorado
It is illegal to intern for a pharmacist in Colorado without a license.
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Markets vs. Special Interests
"It is precisely the fact that the market does not respect vested interests that makes the people concerned ask for government interference."…
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This Year’s Economics Nobel Winners
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President Obama Wins Nobel Peace Prize
President Obama is in a prime position to work wonders for the cause of peace. He can institute free trade in America. Trade is the…
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Regulation of the Day 58: Banning Children from Playgrounds
A new regulation in Kensington, Maryland bans children over five years old from using a local playground between 9:00 am and 4:00 pm.
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Precisely Backwards
Few things are more taxing than our elected officials’ economic illiteracy. How sad that visiting a wonderful country like ours may soon be one of…
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Regulation of the Day 57: Minimum Price Agreements
A new Maryland law makes it illegal for manufacturers to set a minimum retail price for their products in sales contracts. The law is meant…
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Corporate Human Rights?
Over at the Detroit News, Hans Bader and I explain why corporations have human rights despite not being human. The reason why? Transaction costs.
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Regulation of the Day 56: Kahlua in Ohio
Kahlua contains 20% alcohol in 49 states. But in Ohio, it is 21.5%. Weird, huh? Turns out regulations are the reason.
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Net Neutrality and Rent-Seeking
Net neutrality proposals give companies the incentive to seek rents at each other’s expense when they could be benefitting from each other’s innovations instead.
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The Economics of Net Neutrality
Over at the Washington Examiner's Opinion Zone, I apply what I learned back in Economics 101 to the net neutrality debate. It's all about scarcity.
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Funny, That
An article in today's New York Times laments the difficulty of "building momentum for an international climate treaty at a time when global temperatures have…
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Regulation of the Day 55: Home Environmental Inspections
If cap and trade passes, almost all homes for sale would be required to undergo an environmental inspection. The home cannot be sold until it…
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Regulation of the Day 54: Shovelnose Sturgeon
Why does the Fish and Wildlife Service want to list it as a threatened species? Because it looks like the pallid sturgeon, which is currently…
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Regulation of the Day 53: Y2K
In which the case for regulatory sunset provisions is inadvertently made.
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Regulation of the Day 52: Bar Food
In Arlington County, Virginia, there exist twelve restaurants that are required to sell $350 of food per one gallon of liquor purchased from the Virginia…
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Obama Wants to Extend PATRIOT Act
One may be a Republican and the other a Democrat, but make no mistake. Bush and Obama are two peas in a pod.
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Bastiat on the Stimulus Package
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Regulation of the Day 51: Mandatory Hand Sanitizing
In Jersey City, New Jersey, the school district is requiring students to “sanitize their hands when they walk into the class in the morning, before…
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Regulation of the Day 50: Tires from China
The burden is on tariff supporters to explain why they think people who live in one country are more deserving of economic opportunity than people…
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To Heckle the President, or Not?
Politicians make themselves look bad far more effectively than any heckler could. They don’t need the help.
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Do Corporations Have Human Rights?
Intel’s defense in its EU antitrust case has taken the surprising line that the company’s human rights were violated. Over at Real Clear Markets, CEI…
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Regulation of the Day 49: Political Speech
If Congress can’t pass laws abridging the freedom of speech or of the press, maybe they can pass laws abridging the freedom of speech and…
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Regulation of the Day 48: Barbers in Nevada
Want to be a barber in Nevada? You’ll need to get a license first. One of the requirements is a chest X-ray, of all things.
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Regulation of the Day 47: Irish Potatoes
It is bad policy to keep perfectly good food off the market because of its shape, especially during times of recession and high food prices.
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Dog Bites Man
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Regulation of the Day 46: Chemical Weapons
If your company exports chemical weapons, make sure you keep good records. Every year, on company letterhead, you have to list ten things for the…
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Regulation of the Day 45: Wooden Crates
Even the humble wooden crate cannot escape the government’ watchful regulatory eye.
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The Starry-Eyed 37 Percent
Some time ago I said that President Bush's chronically low approval ratings were a good thing. Evidence of widespread skepticism about politicians. Or at least…
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Regulation of the Day 44: Soil Scientists
In Wisconsin, you need a license to work as a soil scientist.
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Economics 101: Where Do Monopolies Come From?
Bryan Caplan says there are only two ways for a monopoly to form: government protection, or being the best.
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Regulation of the Day 43: Telemarketing
It is a federal offense for telemarketers to charge their customers without permission. In English, this is called stealing. Which was already against the law…
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Hoover and the Great Depression
It’s certainly possible to blame Herbert Hoover’s policies for the Great Depression. Just not on the grounds that those policies were free-market.
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Regulation of the Day 42: Hearing Aid Calibration
In Virginia, state law requires hearing aids to be calibrated at least annually. Records must be kept for three years.
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Regulation of the Day 41: The Color of Beer Cans
Having already solved all of the country's economics woes, the FTC now has time to threaten to step in and stop Budweiser from selling cans…
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Nanotech: Innovation or Stagnation?
In the long run, a competitive, cut-throat market process driven by innovation is better for consumers than if government were to fund and direct research.
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Regulation of the Day 40: Flying a Plane
Want to fly a plane? The FAA just published 72 pages worth of changes to its already extensive certification rules. 173 changes in all.
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Regulation of the Day 39: Postmodern Microwave Ovens
Appliances have to have little badges on them that say they comply with rule that requires the little badges. Perhaps the rule came from the…
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Regulation of the Day 38: Carrying Letters
If anything qualifies as an anti-competitive practice, fining and jailing people for competing with you would certainly top the list. Which brings us to a…
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DOJ to Investigate Microsoft-Yahoo Search Partnership
As expected, The Department of Justice is launching an antitrust investigation into the Microsoft-Yahoo search engine partnership. As I've said before, this is not an…
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Why I Want a Public Option in the Health Care Bill
A bill with a public option will probably not pass. Too much opposition. But one without it probably will.
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Friday Fun: Viking Funeral
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Regulation of the Day 37: Lemonade Stands
It is illegal for children to sell lemonade in New York City without a permit.
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New Schumpeter Book
In the tradition of the Reader’s Digest condensation of F.A. Hayek’s The Road to Serfdom, Joseph Schumpeter’s Can Capitalism Survive? is coming out on September…
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Regulation of the Day 36: Buying American
The $787,000,000,000 stimulus contains a provision requiring the Department of Homeland Security to buy american textiles. Basically, that means TSA uniforms will go up in…
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Regulation of the Day 35: Doctors with Borders
In 49 states, it is illegal to practice medicine outside of the state in which you are certified. Tennessee is the lone state with an…
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Rose Friedman, 1910-2009
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Regulation of the Day 34: Diabetic Truckers
It is a violation of federal regulations to “operate a commercial vehicle in interstate commerce” if you have insulin-treated diabetes.
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The Long Odds of Voting
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Regulation of the Day 33: Pressure-Sensitive Plastic Tape
Ending the levy would “likely to lead to continuation or recurrence of dumping,” so it’s here to stay. Domestic tape producers must be pleased. Consumers,…
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Federal Budget Deficit Hits $1,270,000,000,000
Federal spending is going up. Tax receipts are going down. 2009's federal budget deficit is now up to $1.27 trillion as a result. That's about…
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Regulation of the Day 32: Migratory Birds
If you’re planning on hunting migratory birds this year, be sure to read all 14 subparts and 61 sections in Title 50 of the Code…
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TARP Transparency: A Good Start, but Not Enough
More transparency would alleviate some of TARP’s symptoms. But TARP itself is a disease. The sooner Congress gains the political will to recover from its…
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Money Is Not Wealth
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Regulation of the Day 31: Fraud in Wholesale Oil Markets
If you’re a wholesaler of crude oil or gasoline, a new FTC rule makes it illegal to engage in any business practice that“operates or would…
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Media Bias: The More, the Better
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Regulation of the Day 30: Labeling Mustard
If your company makes mustard bottles that are reusable as beer mugs, you are specifically required to put a country-of-origin label on your product.
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They Can’t Even Keep Drugs Out of Prison?
Armed guards. All the bad guys behind bars. Under constant supervision. And Mexico still can’t keep drugs and drug dealing out of its prisons.
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All Community Organizing Is Astroturfing – And That’s Fine!
The fact that members of Congress extolling the president’s plan are attacking astroturfers while leaving their arguments alone says to me that the Congressmen believe…
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Regulation of the Day 29: Protecting Us from Cheap Foreign Goods
Sometimes (but not always), when a foreign producer sells goods to U.S. consumers cheaply, the U.S. government takes action to put a stop to it.
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Inconvenient Evidence Suppressed in EU-Intel Antitrust Case
The EU’s top antitrust regulator intentionally suppressed “potentially exculpatory" evidence in its case against Intel. This is the rule of men, not law.
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Regulation of the Day 28: Urine Trouble Now
Want to work for HHS? You’ll have to comply with approximately 32,463 words worth of regulations in the Mandatory Guidelines for Federal Workplace Drug Testing…
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Reporting the Hidden Costs of Stimulus
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Microsoft, Yahoo, and Antitrust
If regulations are to be effective, they must be either clear or silent; antitrust statutes are neither. That alone is reason enough to urge trustbusters…
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Regulation of the Day 27: Beekeeping in South Dakota
Beekeeping in South Dakota is illegal without a license.
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Today’s Unintentionally Funny Headline
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Regulation of the Day 26: Fortune Telling in Maryland
You need a license to tell fortunes in Annapolis, Maryland.
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Regulation of the Day 25: Cattle with Scabies
If you own cattle and they are at risk of catching scabies, you may want to read up on the pertinent federal regulations. There are…
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The Antitrust Religion still Has Many Adherents
Why bother with the ongoing challenge of competing in the marketplace if one can merely go to Brussels or Washington?…
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Regulation of the Day 24: The Width of Ladders
It is illegal for a portable metal ladder to have steps narrower than 12 inches.
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In Which Greed Is Good
The great economist Joseph Schumpeter wrote that "[F]ree trade is the cement that holds together the idea of peace." His logic is sound. Commerce gives…
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Regulation of the Day 23: Texting While Driving
Texting while driving is both dumb and dangerous. But making it a crime won’t make people stop doing it. It will merely make more people…
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Regulation of the Day 22: Rhinestones
The Consumer Product Safety Commission, after much deliberation, has banned crystal rhinestones from children's products, despite no evidence of harm.
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How to End the War over Antitrust
If the executive branch is not going to consistently enforce antitrust laws -- and they shouldn't -- they should be repealed.
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Regulation of the Day 21: Potato Research and Promotion
The Agricultural Marketing Service has a potato research and marketing plan, pursuant to the Potato Research and Marketing Act.
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Regulation of the Day 20: Anti-Flatulence Medication
The U.S. Code contains an entire section on over-the-counter anti-flatulence medication. There are rules for permitted active ingredients, maximum dosage, and label text.
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Exploiting the Minimum Wage
Young people with little or no work experience may not be able to offer $7.25 per hour worth of productivity; small wonder so many of…
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Leave it to the Experts
Send your used light bulbs to Washington! They're the experts. They'll know what to do.
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Regulation of the Day 19: Fospropofol
The Drug Enforcement Administration, would like to schedule fospropofol, approved by the FDA last year for use as an anesthetic, as a Schedule IV controlled…
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Regulation of the Day 18: Shipping Live Animals
If you ship live animals via the USPS’s Express Mail Service and it takes three days or more, you may be eligible for a refund,…
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Policies to Promote Competition often Stifle it Instead
Chairman Genachowski is right that the Internet has been “the most successful driver of economic growth” in recent years. Why, then, pursue an agenda that…
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Regulation of the Day: Sliding Car Doors
A new set of rules for sliding car doors will come into effect on September 1, 2010.
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Subsidize Cheese to Stimulate?
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In Which the Case for Antitrust Action against Telecoms Weakens
New research finds that U.S. telecoms are charging, on average, ten cents less per minute than their counterparts around the world. Tell me again why…
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Keynes Remains Popular with Politicians
"‘What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?’ The answer is yes.” -…