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The “Public Nuisance” Theory of Pharmaceutical Liability for the Opioids Crisis Is … a Public Nuisance
The jury in a federal court in Ohio has found three major pharmacy chains—CVS, Walmart, and Walgreens—liable for the opioids crisis in two plaintiff…
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Deregulate to Stimulate: 15 Republican Governors Launch ‘Operation Open Roads’ to Unclog Supply Chains
Some cheery holiday news reported in the Epoch Times: Fifteen Republican governors, led by Tennessee Gov. Bill Lee, have launched “Operation Open Road,”…
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The Invisible Hand, Not Washington, Is Easing the Supply Chain Crisis
The supply chain crisis is showing signs of receding. This is happening not because of any action by the White House or Congress. The market…
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NEPA Is Not a Climate Policy Framework. CEI Submits Comments on Biden Proposal
CEI submitted comments yesterday opposing the Council on Environmental Quality’s (CEQ) proposal to repeal regulations adopted by the Trump CEQ in July…
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Another Gasoline Price Increase, Another Useless Federal Trade Commission Investigation
President Biden has officially requested the Federal Trade Commission (FTC) to investigate high gasoline prices. Unfortunately, this diversionary tactic has a long history and…
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GOP Cannabis Legalization Bill Could Finally Surmount Partisan Divide
Even with the majority of Americans having supported cannabis legalization for nearly a decade, proposals to decriminalize the substance at the federal level have…
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Biden Administration Seeks to Punish Stablecoin Success
Stablecoin market capitalization has risen by 500 percent in past 12 months. The growth aligns with growing interest in transacting outside heavily regulated banking…
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This Week in Ridiculous Regulations
The House passed a $1.85 trillion spending bill, which a 50-50 Senate will now consider. An Alzheimer’s vaccine began human trials. If it…
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Court Strikes Down Trump Tariff: Precedent for Institution-Level Changes?
Pessimism reigns for trade liberalization in the short run, but there is fresh hope for the long run. A new court decision over solar panel…
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New Car Prices Are Soaring Biden’s Policies Would Make Things Worse
New car prices are soaring, according to a report released last week by Kelley Blue Book. From Kelley’s press release: New-vehicle prices jumped…
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Review of Michael Munger, The Sharing Economy: Its Pitfalls and Promises (Institute of Economic Affairs, 2021)
Transaction costs are one of the most overlooked ideas in economics. They are also one of the most important. The lowering of transaction costs is…
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An Inaccurate Update on OMB’s Inaccurately Reported Costs of Federal Regulation
Here inside the Beltway we are now in fiscal year 2022. In anticipation of the next edition of the chronically late “annual” Report to Congress…
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“America Recycles Day” Should Recognize Markets as the Key to Prosperity and Environmental Protection
Today is “America Recycles Day,” which the U.S. Environmental Protection Agency (EPA) explains recognizes that recycling contributes to “prosperity and the protection of our…
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This Week in Ridiculous Regulations
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How to Prepare for Administrative State Reform While Stuck in a Progressive Ditch
Would-be regulatory reformers find themselves in a ditch during the Biden administration, which regards Trump deregulatory efforts as “harmful” and overturned reform-related executive orders…
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This Week’s Civil Forfeiture Outrage (Fourth in a Series)
Here’s a fascinating story in the Arizona Republic about an appeals court hearing earlier this week. Reporter Perry Vandell’s account of that hearing isn’t…
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1.5C Is Not a Tipping Point
A report released on Tuesday by Climate Action Tracker (CAT) made waves at the COP26 Climate Summit in Glasgow. CAT finds that with…
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The Most Wasteful Infrastructure Bill Ever?
The $1.2 trillion dollar Infrastructure Investment and Jobs Act will be signed into law by President Biden on Monday. If it is like past…
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Build Back Better’s $1.5 billion Gift to Unions
Hidden in the Biden administration’s Build Back Better plan is a provision that amounts to a $1.5 billion gift to unions. It is intended to…
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We Wanna Negotiate This – Unions Cool to Biden Vaccine Mandate
The nation’s top unions have reacted coolly to the Biden administration’s proposed vaccine mandate, with many rejecting the administration’s unilateral approach and saying that workers…
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This Week in Ridiculous Regulations
Children can now receive COVID-19 vaccinations, which is good news all around. The economy gained 531,000 jobs in October, showing once again why Congress’ big…
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Rush to Pass Reconciliation Bill Would Embarrass Sausage Makers
There is an old saying, generally misattributed to Otto von Bismarck, that “Laws are like sausages—it is best not to see them being made.” Today,…
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The Fruits of Forfeiture in Little Compton
The Providence Journal’s Antonia Noori Farzan just published a great story (paywalled) about the Rhode Island town of Little Compton—the second-smallest town in the…
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How to Fill 10 Million Vacant Jobs
Would raising the minimum wage help to fill the more than 10 million job vacancies currently open? It makes some intuitive sense—higher pay will attract…
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New Analysis on ESG Investing: Friedman, Edmans, and Materiality
At times it seems like public events on environmental, social, and governance (ESG) investing are a dime a dozen; some think tank, consulting firm, or…
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Electric Vehicle Windfall Still in Big Spending Bill
Congress’ big spending bill, now called the Build Back Better Act, is evolving from truly terrible to somewhat less terrible. On energy, the highly…
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A Note on Politicized Investment Policy
Two weeks ago, the U.S. Department of Labor (DOL) announced a change in its pension rules. DOL announced that it intends to incorporate political…
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Federal Agency “Significant” Rulemakings Return to Bush-Obama Heights
While agencies are on track to issue about the same number of rules as they did last year, the number of “significant” rules among…
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Steel, Aluminum Tariffs to Remain Above Pre-Trump Levels
It is not asking much to undo President Trump’s doubling of U.S. tariffs, which are a major contributor to today’s supply network crisis. But apparently…
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This Week in Ridiculous Regulations
Third quarter GDP growth was an estimated at 2 percent, down from about 6 percent the previous two quarters. The 2021 Federal Register topped…