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Like Socialism, Financial Transaction Tax Doomed to Fail
In The Wealth of Nations, Adam Smith coins the four maxims of taxation: fairness, certainty, convenience, and efficiency. Smith’s maxims are used as a litmus…
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Feds: Gambling Fine, But Investing Too Risky
“In the risk reform debate, as in so many political debates, logic is often for losers.” So lamented Competitive Enterprise Institute founder and president emeritus…
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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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Protect Consumers, But Let Debt Collectors Do Their Jobs
Debt collector seem to be the occupation everyone loves to hate, but without them businesses large and small—from banks to gyms to doctor’s offices—could not serve…
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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…