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This Week in Ridiculous Regulations
Negotiators reached a deal on a bipartisan infrastructure bill, at least for now. There were also marathon committee markup sessions for five antitrust bills. Meanwhile,…
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This Week in Ridiculous Regulations
Members of Congress introduced five antitrust bills last week. Antitrust activist Lina Khan was confirmed to a seat on the Federal Trade Commission (FTC), and…
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A Better Approach to Tariff Diplomacy
In diplomacy, carrots tend to be more effective than sticks. Yet, two consecutive administrations have used tariff threats to try to achieve their objectives. Former…
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Boeing-Airbus Dispute Remains Unsolved: Tariffs Gone, Subsidies Stay
The European Union and the United States eagerly announced today that they had resolved their 17-year dispute over aerospace subsidies. They exaggerate their claims.
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This Week in Ridiculous Regulations
The economic recovery continues, but Congress is still intent on passing unneeded stimulus and infrastructure spending. Inflation is also up, and five antitrust bills are…
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CPI Inflation Indicator Hits 5 Percent: Not Stagflation, But a Useful Warning
The Consumer Price Index (CPI) for May came out this morning. At 5 percent, it was higher than expected. CPI has its flaws…
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This Week in Ridiculous Regulations
Unemployment is back under 6 percent, and it’s looking more and more like the economy is reverting back to trend. We’re not there yet, but…
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Steel Companies Lobby for Steel Tariffs, Biden to Double Lumber Tariffs
One of the first things President Biden should have done upon taking office was to eliminate the Trump tariffs. This would have provided potent economic…
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This Week in Ridiculous Regulations
CEI’s Wayne Crews looked at the Biden administration’s dismantling transparency reforms for guidance documents and warned that political spending on scientific research would…
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Microsoft to Retire Internet Explorer: Lessons for Today’s Antitrust Cases
Microsoft just announced it will retire its Internet Explorer browser next year. This is the same program that was at the heart of an…
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What Inflation Is, and What It Isn’t
It looks like we’re in for a bit of inflation. After decades of stable 2 percent inflation, the latest indicators say it’s moving up…
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This Week in Ridiculous Regulations
The best news of the week was the Centers for Disease Control and Prevention advising that vaccinated people can safely go mask-free pretty much anywhere.
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One of Google’s Antitrust Cases Dismissed, for Now
A District judge on Thursday dismissed a private antitrust case against Google brought by a group of advertisers. It does not affect separate cases…
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This Week in Ridiculous Regulations
The Facebook Oversight Board conditionally upheld former President Trump’s Facebook ban. Many Republican responses showed that they either do not understand the First Amendment or…
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This Week in Ridiculous Regulations
The economy bounced back in a big way, according to numbers released on Thursday. Things are not quite back where they were, but the trend…
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This Week in Ridiculous Regulations
The big news of the week was the guilty verdicts in the Derek Chauvin murder trial. Senate Republicans continued their longtime strategy of bargaining with…
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This Week in Ridiculous Regulations
Congress played a round of good idea-bad idea last week. Rep. Bob Good (R-VA) introduced a bill for a regulatory budget, similar to the…
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This Week in Ridiculous Regulations
Treasury Secretary Janet Yellen floated the idea of a global minimum corporate tax and Amazon workers in Alabama voted against unionizing. The Biden…
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Who Pays Corporate Taxes?
Congress is considering increasing the corporate tax rate from 21 percent to 28 percent to help pay for the big infrastructure bill it is currently…
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This Week in Ridiculous Regulations
Washington’s attention flitted back and forth between beginning work on a multi-trillion-dollar infrastructure bill and a brewing sex scandal allegedly involving Rep. Matt Gaetz and…
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U.S. Trade Representative Tai Should Rethink Keeping China Tariffs in Place
Over the weekend, The Wall Street Journal interviewed Katherine Tai, the new United States Trade Representative. She has a lot of work ahead of her…
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This Week in Ridiculous Regulations
A massive container ship turned sideways and blocked the Suez canal, halting roughly $10 billion worth of international trade per day, or about $400…
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Putting a Price on Conspiracy Theories, Revisited
Conspiracy theories are back in the news, so it’s a good time to revisit my recent Fortune article about putting prices on conspiracy theories.
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Restoring Separation of Powers and Improving Resilience with the USA Act
Separation of powers is a core principle of American government. But things haven’t gone quite as planned. Congress, the first branch, has increasingly taken a…
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Book Review: Open: The Story of Human Progress by Johan Norberg
On March 25, 2021 at noon ET, CEI is hosting a double book forum featuring Johan Norberg, the 2019 winner of CEI’s Julian L. Simon…
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This Week in Ridiculous Regulations
CEI published its new Agenda for Congress. We also held a launch event featuring Sen. Rand Paul. Meanwhile, the 2021 Federal Register surpassed…
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Agenda for Congress: Regulatory Reform
CEI’s new agenda for Congress is out now. If you’re interested only in certain issues, individual chapters are downloadable here. We also hosted…
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This Week in Ridiculous Regulations
Congress passed a $1.9 trillion spending bill, some of which may actually be COVID-related. Agencies issued new rules ranging from eastern hellbenders to reentry licenses.
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Why Facebook’s Antitrust Cases Should Be Dropped
Facebook filed today to dismiss antitrust lawsuits against it today by the Federal Trade Commission (FTC) and several state attorneys general. One of the…
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This Week in Ridiculous Regulations
One sign that the worst of COVID is likely now past is that instead of disease and economic hardship, people got riled up over Mr.
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Some Good Tariff News
I’ve written before about the 17-year-long dispute between the United States and the European Union over Boeing and Airbus subsidies. Each jurisdiction has placed…
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This Week in Ridiculous Regulations
COVID-19 cases are finally in decline as vaccinations continue, to the point where there is reason for cautious optimism. Congress was busy with a stimulus…
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The Regional Differences Argument against a $15 Minimum Wage
The strongest political argument against increasing the federal minimum wage is the regional differences argument. Basically, while a $15 minimum wage might not be a…
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This Week in Ridiculous Regulations
It was a four-day week due to Washington’s Birthday (see my colleague John Berlau’s recent book, George Washington, Entrepreneur). The Perseverance rover landed on…
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This Week in Ridiculous Regulations
Former President Trump’s impeachment trial was the big new story, though there is little suspense about the outcome. Meanwhile, agencies issued new rules ranging from…
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Upcoming CEI Event: Bart Wilson on The Property Species
At noon ET on Thursday, February 11, CEI is hosting an event with the experimental economist Bart Wilson, author of The Property…
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This Week in Ridiculous Regulations
The Senate passed the big budget reconciliation bill last week on a 50-50 tie broken by Vice President Harris. This week will see the impeachment…
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Proposed European Tech Regulations Will Backfire, Badly
The European Union recently proposed two major tech regulation bills aimed at America’s tech industry, the Digital Markets Act (DMA) and the Digital…
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This Week in Ridiculous Regulations
As the new administration settles in, it appears they will continue many Trump administration policies, such as “Buy American” provisions and trade protectionism. Meanwhile,…
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New President, Same Bad Policies
The Trump administration’s trade war gave economics teachers countless real-world examples of bad policy they can use in the classroom. A new open letter…
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This Week in Ridiculous Regulations
President Biden was inaugurated on Wednesday. With the usual end-of-administration midnight rush now over, things will likely slow down. It takes time for new appointees…
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This Week in Ridiculous Regulations
Happy MLK Day, everyone. The Trump administration’s final full week was an eventful one. The president was impeached for a second time. The usual end-of-administration…
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Economics Can Help Explain Conspiracy Theorists
There is a lot of conspiracy theory garbage floating around. On January 6, it took a violent turn. Five people died in a coup attempt…
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This Week in Ridiculous Regulations
After last week’s insurrection at the Capitol, the outgoing president, several elected officials, and their supporters have some soul-searching to do. Meanwhile, agencies continued to…
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Toward Simplifying Antitrust Regulation
Antitrust regulation is a complex mess. Multiple agencies have overlapping jurisdiction with no set rules for determining who takes which cases. One of the antitrust…
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This Week in Ridiculous Regulations
Happy new year, everyone. We made it. 2020 was rough, but as I argued last week, it was not the worst year ever. 2020…
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Regulation in 2020: Some Quick Numbers
The 251st and final issue of the 2020 Federal Register was released this morning. Here are some of the initial findings: Federal agencies issued 3,353…
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2020 Was Difficult. It Was Not the Worst Year Ever
It’s been a hard year, and I am hardly alone in being glad it’s almost over. But was 2020 the worst year ever? Over…
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Best Books of 2020: Joseph Henrich – The WEIRDest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous
It’s early, but The WEIRDest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous by Joseph Henrich will likely be…
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This Week in Ridiculous Regulations
Last week’s drama over the combined COVID-19 spending bill and omnibus budget bill ran over into Christmas, spoiling a three-day work week in Washington. In…
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Best Books of 2020: Virgil Henry Storr and Ginny Seung Choi – Do Markets Corrupt Our Morals? (Palgrave MacMillan, 2019)
Most people see markets as dens of greed and moral corruption. In their new book, Do Markets Corrupt Our Morals?, Virgil…
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This Week in Ridiculous Regulations
COVID vaccine rollout has started. While immunizing millions of people will take several months, it looks like the worst is almost past. For scientists to…
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To-Do List for 2021: Just Get Rid of AB5
It isn’t just Washington that gets a fresh start beginning in January. California gets one, too. One of the top items on the Golden State’s…
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This Week in Ridiculous Regulations
The big news is that the Food and Drug Administration is poised to follow several other countries’ lead in approving one or more coronavirus vaccines.
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The Relevant Market Fallacy and Facebook’s Antitrust Cases
Facebook was hit by two separate antitrust complaints this week. One is from the Federal Trade Commission (FTC) and the other is from a…
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A Big-Picture View of the Antitrust Debate
In this month’s issue of Reason magazine, I have a feature-length article on the bipartisan push to revive antitrust enforcement. If you don’t have…
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This Week in Ridiculous Regulations
The midnight regulatory rush is on, with one of the year’s highest weekly page counts last week. The 2020 Federal Register is on pace for…
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Walter Williams, 1936-2020
Walter Williams passed away this week at age 84. He was the rare economist to succeed as both an academic and a popular communicator.
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America Really Is Revolutionary
Several scholars I respect, including Daniel Hannan in his 2013 book Inventing Freedom: How the English-Speaking Peoples Made the Modern World, have argued that…
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This Week in Ridiculous Regulations
Thanksgiving was rather different than most years, and not in a good way. Hopefully, with viable vaccines on the way, it will be back to…
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This Week in Ridiculous Regulations
Thanksgiving will be a little different this year. With the recent news about promising COVID-19 vaccines, next year’s turkey celebration should be closer to normal.
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This Week in Ridiculous Regulations
The 2020 election is finally, mercifully, over. Barring a surprise in the Georgia Senate runoffs, we will continue to have divided government. This arrangement typically…
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This Week in Ridiculous Regulations
The 2024 election season officially began on Wednesday. The 2020 Federal Register topped 70,000 pages right on election day, and is on pace to be…
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The 2020 Election Actually Had Some Free-Market Victories
Neither presidential candidate has much interest in limited government. But over at National Review, I look at some neglected down-ballot victories…
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Regulatory Relief Needs Better Transparency
Getting rid of #NeverNeeded regulations is one of the most important policy responses to the COVID-19 pandemic. The short-term benefits are obvious, but the…
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James Madison on Why Politics Ruins Everything
Politics has a way of ruining everything. Even kind and intelligent people go through an instant metamorphosis when the conversation changes to politics. Their body…
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America Really Is Revolutionary
Several scholars I respect, including Daniel Hannan in his 2013 book Inventing Freedom: How the English-Speaking Peoples Made the Modern World, have argued that…
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This Week in Ridiculous Regulations
The Los Angeles Dodgers won baseball’s World Series. GDP numbers bounced back in a big way, though the economy is still smaller than…
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Record GDP Numbers Need Context: Good news, but More to Do
Most of the talk about today’s GDP numbers will be related to the election. It shouldn’t. Presidents don’t run the economy; hundreds of millions…
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New CEI Paper: Antitrust Policy in Europe, Lessons for America
Today, CEI is releasing a new paper on antitrust policy in the European Union by Swiss competition commissioner Henrique Schneider. Europe’s approach to competition…
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This Week in Ridiculous Regulations
In the news last week, the Justice Department filed an antitrust case against Google. It is the highest-profile antitrust case since the 1998-2002 Microsoft case.
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Not the Strongest Case: DOJ’s Google Antitrust Complaint
On Tuesday, the Department of Justice (DOJ) filed an antitrust complaint against Google. It marks the beginning of the first major monopolization case since the…
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This Week in Ridiculous Regulations
It was a four-day week due to Columbus Day or Indigenous People’s Day—the controversy over which was just one of the things people were outraged…
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Tit-for-Tat Tariffs Don’t Work: Boeing and Airbus Show Why
A 16 year-long aerospace subsidies dispute between the United States and the European Union began another round this week. The U.S. claims that the EU’s…
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This Week in Ridiculous Regulations
It was another volatile pre-election week. A still-symptomatic President Trump returned to the White House from Walter Reed hospital during prime time. More key staffers…
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The House Judiciary’s Antitrust Reports and Predatory Pricing
It is human nature to fear what we do not understand. And if there is anything politicians do not understand, it is markets. This is…
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Jean-Baptiste Say on Manufacturing Nostalgia and Industrial Policy
In his 1803 A Treatise on Political Economy, Jean-Baptiste Say writes: "Production is the creation, not of matter, but of utility." That captures one of…
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This Week in Ridiculous Regulations
President Trump’s COVID-19 diagnosis marked the first of what will likely be many October surprises. Congress agreed on one spending bill to avoid another shutdown,…
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Senators Introduce Regulatory Commission Bill
CEI’s approach to regulatory reform has an overarching theme: It is not enough to get rid of this or that harmful regulation. For the benefits…
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New Paper: Antitrust Regulation is #NeverNeeded
My colleague Jessica Melugin and I, along with our former colleague Patrick Hedger, have a new paper out today, “Repeal #NeverNeeded Antitrust Laws that…
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This Week in Ridiculous Regulations
Scientists may have found potential chemical evidence of life on Venus—phosphine gas, which in Venusian conditions may well have been produced by anaerobic (non-oxygen-using)…
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Trade News: WTO Rules China Tariffs Violate Rules, Aluminum Tariffs Dropped, No Trade Deal with EU
Usually policy-related news slows down near elections; nobody wants to rock the boat. This has not been the case with trade policy. Three important stories…
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This Week in Ridiculous Regulations
It was a four-day work week due to Labor Day. There were massive fires along the West coast, and Congress declined to pass a $500…
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This Week in Ridiculous Regulations
As Labor Day marked the unofficial end of summer, the unemployment rate went back down to 8.4 percent, and Attorney General Barr announced that the…
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This Week in Ridiculous Regulations
COVID-19 deaths passed 200,000 in the United States, and are roughly 1 million worldwide. Supreme Court Justice Ruth Bader Ginsburg’s passing sparked a fresh Supreme…
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This Week in Ridiculous Regulations
COVID-19 deaths passed 200,000 in the United States, and are roughly 1 million worldwide. Supreme Court Justice Ruth Bader Ginsburg’s passing sparked a fresh Supreme…
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Retro Review: William H. McNeill – Plagues and Peoples (1976)
William McNeill was one of the 20th century’s leading big-picture world historians. Interconnectedness is a major theme of his work. Plagues and Peoples applies McNeill’s…
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Retro Reviews: Azar Gat with Alexander Yakobson – Nations: The Long History and Deep Roots of Political Ethnicity and Nationalism (2013)
Nations: The Long History and Deep Roots of Political Ethnicity and Nationalism is the rare book that makes the reader see the world differently, permanently.
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This Week in Ridiculous Regulations
The last week saw another political convention, another police shooting, and two hurricanes. There was at least one major positive story, though. Polio has finally…
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This Week in Ridiculous Regulations
The spring 2020 Unified Agenda was published on August 17. Due four months ago, it collects every rulemaking agency’s plans for upcoming regulations. The number…
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This Week in Ridiculous Regulations
Kamala Harris was announced as the Democratic dvice-presidential candidate, a massive storm swept through the Midwest, and Congress is out of session until September. The…
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New CEI Video: Eliminating Never Needed Regulations to Help with Recovery
In a new CEI video, Kent Lassman talks about three things agencies can do rein in regulations that are hindering the COVID-19 response and making…
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This Week in Ridiculous Regulations
August’s 2020 disaster list so far includes a massive warehouse explosion in Beirut that killed more than 100 people and Hurricane Isaias. In positive news,…
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Cautious Optimism on July Jobs Numbers: Prudence, Resilience Will Aid Recovery
In July, 1.8 million new jobs were created, and the unemployment rate dropped to 10.2 percent. That is a welcome follow-up to the second quarter’s…
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Canadian Aluminum Tariff Increase is #NeverNeeded, Should Be Repealed Instead
President Trump on Thursday announced he will reimpose 10 percent aluminum tariffs against Canada. Originally enacted in 2018 on national security grounds, the tax was…
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This Week in Ridiculous Regulations
What a week. COVID-19 deaths passed 150,000. Second-quarter GDP declined 9.5 percent from a year ago and 7 percent from the previous quarter. In more uplifting…
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2020 Second Quarter GDP Decline Is Worst in U.S. History—But Not 32.9 Percent
The good news is that the second quarter’s GDP numbers aren’t nearly as scary as the more dramatic headlines are saying. The economy has not…
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Observations from the Tech Antitrust Hearing
This post collects some observations from yesterday’s lengthy House Judiciary Committee Subcommittee on Antitrust, Commercial, and Administrative Law hearings with the chief executives of Amazon,…
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This Week in Ridiculous Regulations
Confirmed COVID-19 cases in the United States surpassed 4 million last week. Congress returned to session after its July 4 break and is putting together…
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New #NeverNeeded Paper: Price Gouging
Massive shortages happened almost instantly when it became clear that the coronavirus would require a nationwide lockdown. Both Commerce Secretary Wilbur Ross and an Amazon…