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Policy Makers Should Allow Stablecoins to Thrive
The Senate Committee on Banking, Housing, and Urban Affairs will convene a hearing on stablecoins today. Congress should focus on the many benefits this form…
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Can Pensions Be Saved from Political Mismanagement?
The Department of Labor is currently working on a new rule that would give pension fund managers greater leeway in considering non-financial criteria when…
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President Biden Sows the Whirlwind
It’s the president’s job to console the nation when natural disasters strike, like the horrendous tornado outbreak last Friday night. Much of Mayfield, Kentucky,…
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Biden’s Fall 2021 Unified Agenda of Federal Regulation Heralds Abandonment of Regulatory Oversight Role
The Biden administration has just released the Fall 2021 edition of the twice-yearly Unified Agenda of Federal Regulatory and Deregulatory Actions.
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This Week in Ridiculous Regulations
The number of new regulations this year topped 3,000, ending the week at 3,068, and the 2021 Federal Register topped 70,000 pages. Inflation went up…
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This Week’s Civil Forfeiture Outrage (Sixth in a Series)
This week’s civil forfeiture outrage begins with a photograph of a police dog crouching over more than $100,000 in U.S. currency. Earlier this week, CBSDFW.COM…
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Inflation Increases to 6.8 percent, Misery Index Reaches 11
October’s inflation reading was the highest since the recession of 1991. November’s is the highest since the 1982 recession, at an annualized 6.8 percent.
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For Energy Infrastructure Projects, Even Supreme Court Victories Mean Nothing
In the last two years, two different natural gas pipeline projects were the subject of Supreme Court cases, and both times the project developers achieved…
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Can Regional Trade Agreements Replace the WTO?
Trade policy is in a bad place right now, with two consecutive protectionist administrations in the U.S. and the World Trade Organization (WTO) possibly damaged…
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Is It Finally Goodbye for Incandescent Light Bulbs—and Consumer Choice?
President George W. Bush initiated the federal government’s targeting of incandescent light bulbs in energy legislation he signed in 2007. Subsequent Department of Energy…
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Seven Quotes about Communism
Years ago, I pulled together some quotations about Communism that I thought would make good epitaphs for what I believed was a dying ideology. Unfortunately,…
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This Week in Ridiculous Regulations
The number of new final regulations this year will pass 3,000 this week, with more than three weeks still to go. The Omicron variant gave…
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This Week’s Civil Forfeiture Outrages (Fifth in a Series)
I just finished watching one of the most gripping, compelling videos I have ever seen. It’s like a dystopian horror movie—except it’s real. It’s…
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Why Both Democrats and Republicans Should Oppose Gigi Sohn’s Nomination as FCC Commissioner
On Wednesday, the Senate Commerce Committee held a confirmation hearing on the nomination of Gigi Sohn to the Federal Communications Commission (FCC). During the…
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CEI’s New Anti-Carbon Tax Study
CEI has a new study out this week titled, “Why Carbon Taxes Are Anti-Growth, Anti-Consumer, and Politically Dangerous for Conservatives.” It develops the following…
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Social Media in Parallel Universes
The chasm between the political discourse at yesterday’s House Committee on Energy and Commerce hearing on social media platforms and the legal decision…
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Request to OIRA to Ensure Peer Review of Agency’s Medical Marijuana Claims
For two years, CEI has been trying to get the Department of Health and Human Services (HHS) and the Drug Enforcement Administration (DEA) to conduct…
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The Bizarre Logic of the NLRB’s Decision in the Amazon Union Case
The National Labor Relations Board’s (NLRB) order overturning the workers’ rejection of a union at an Amazon facility in Bessemer, Alabama, and ordering…
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Another Court Rejects Federal Attempt to Impose a Vaccine Mandate
Shortly following the Fifth Circuit blocking the private employer mandate from the Occupational Safety and Health Administration (OSHA), Judge Matthew Schelp of the Eastern…
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Tapping the Strategic Petroleum Reserve Cannot Undo Biden Administration’s Anti-Drilling Agenda
The Biden administration seems to know the playbook for pretending to respond to high gasoline prices. First, blame big oil for price gouging and launch…
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This Week in Ridiculous Regulations
It was a short work week because of Thanksgiving. Meanwhile, agencies issued new rules ranging from blood lancets to crash test dummies. On to the…
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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…
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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…
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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…