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Best Books of 2019: Humanomics by Vernon Smith and Bart Wilson
Smith and Wilson combine insights from their experimental economics research with insights about human character from Adam Smith’s "Wealth of Nations" and especially his 1759 book "The Theory…
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Best Books of 2019: Expert Failure by Roger Koppl
Koppl uses the role of experts to explain the difference between approaching social problems from the top down versus from the bottom up. Koppl defines an…
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Best Books of 2019: Legal Systems Very Different from Ours
Many years ago at a Mont Pelerin Society conference in Reykjavik, I saw David Friedman give a talk on Icelandic law during the Free State…
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This Week in Ridiculous Regulations
Congress finished the year with a bang. In a two day span the House impeached the president and passed the USMCA trade agreement. Both chambers…
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Best Books of 2019: The Narrow Corridor
Predatory governments with high corruption, that don’t respect political and economic freedoms, are extractive. Countries with these sorts of institutions tend to be both poor…
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This Week in Ridiculous Regulations
Britain held a major election, and the U.S. House of Representatives is set to impeach President Trump. At the same time, Trump is poised for…
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Phase One of a China-U.S. Trade Agreement and the Ratchet Effect
As of Friday, December 13th, the U.S. and Chinese governments have agreed in principle to phase one of a trade agreement. The Chinese government will…
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Competitive Enterprise Institute Opposes USMCA Trade Agreement
The Competitive Enterprise Institute (CEI) today announced its opposition to the USMCA trade agreement between the United States, Mexico, and Canada because the updated agreement…
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This Week in Ridiculous Regulations
The House began preparing articles of impeachment, President Trump announced new tariffs against three allies, a NATO summit was surprisingly contentious, and the federal government…
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This Week in Ridiculous Regulations
While the nation celebrated Thanksgiving with family and friends, rulemaking agencies published new regulations ranging from almond information to missile accidents.
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This Week in Ridiculous Regulations
Congress averted a government shutdown until December 20th by passing a continuing resolution. The Fall 2019 Unified Agenda was also released, which compiles all rulemaking…
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This Week in Ridiculous Regulations
The 2019 Federal Register has already exceeded its page count during President Trump’s first year in office, with more than a month to spare and…
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Ex-Im Reauthorization Vote Today in the House
The House of Representatives will vote on reauthorizing the Export-Import Bank today. Even if Ex-Im is reauthorized, the fight over it has already yielded a…
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Two New Studies on Economics of Trade
Philip Thompson and Lorenzo Montanari have compiled a Trade Barrier Index, just released by the Property Rights Alliance. The U.S. currently ranks 54th out of…
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This Week in Ridiculous Regulations
The number of new regulations this year passed 2,500 last week, and the Federal Register surpassed 60,000 pages. This week could see big news on…
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Trade Developments on Export-Import Bank and NAFTA/USMCA
America’s trade policy landscape has some big events on the horizon. The House of Representatives will vote next week on Rep. Maxine Waters’ (D-CA) Export-Import…
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This Week in Ridiculous Regulations
Washington had one of its best weeks in recent memory. The Nationals won the World Series, and Congress is taking the next two weeks off.
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Export-Import Bank Reauthorization Update
It is busy a time right now in the Export-Import Bank reauthorization battle. Rep. Maxine Waters (D-CA) introduced a new bill to reauthorize the Export-Import…
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Spooky Halloween Regulations
Halloween is this week. That means costumes, spooky decorations, trick-or-treating, and pumpkin spice everything. The Code of Federal Regulations contains several rules to keep everything…
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This Week in Ridiculous Regulations
The Washington Nationals made it to the World Series, and the White House canceled some of its newspaper subscriptions. Meanwhile, rulemaking agencies published new regulations…
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This Week in Ridiculous Regulations
Last week’s big stories included a thickening impeachment plot, Energy Secretary Rick Perry’s resignation, and a letter written to the president of Turkey. In a…
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This Week in Ridiculous Regulations
The latest Mad Libs-style political feud involves the NBA, the television cartoon South Park, and the Chinese government. President Trump also issued a pair of…
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This Week in Ridiculous Regulations
Non-impeachment news involved a major court ruling on net neutrality, plus a new tariff. This year’s Federal Register is on pace to surpass last year’s…
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New $7.5 Billion Tariffs against European Union
The Trump administration has announced tariffs on $7.5 billion of goods from the European Union. This time, it is being done with the World Trade…
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New Study: Minimum Wages Have Tradeoffs
Congress nearly increased the federal minimum wage from $7.25 to $15 per hour this year. Though the Raise the Wage Act is unlikely to pass…
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This Week in Ridiculous Regulations
Congress is out of session for the next two weeks, and the impeachment investigation will likely dominate headlines for some time to come. Meanwhile, the…
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Antitrust Astroturf Activism
Not too long ago, I pointed out that antitrust regulation is often gamed by special interests and rent-seekers. A recent story in The Wall Street…
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Ex-Im Bank Reauthorization: Lesson in Institutional Design
For all its flaws, the Export-Import Bank’s charter gets an important thing right: the agency must be reauthorized every few years, or it will close.
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This Week in Ridiculous Regulations
The House passed a continuing resolution to avoid a federal shutdown until November 21st. The Senate will likely follow suit this week. The 2019 Federal…
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Export-Import Bank Fight Not Over Yet
The Export-Import Bank’s charter is currently set to expire on September 30. If authorization lapses, the agency will shut down. On Thursday, the House passed…