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The real Adam Smith
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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This week in ridiculous regulations: fireworks shows and cybersecurity subsidies
Russia destroyed a major dam in Ukraine, putting thousands of homes and a nuclear power plant at risk. Former President Donald Trump was indicted again.
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This week in ridiculous regulations: electric motors and small business loans
Congress and President Biden reached a debt ceiling deal. Texas attorney general and antitrust hawk Ken Paxton was impeached. Meanwhile, agencies issued new regulations ranging…
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This week in ridiculous regulations: baby formula labels and room air conditioners
Happy Memorial Day, everyone. The Supreme Court upheld property rights in a 9-0 decision in Tyler v. Hennepin County, in which CEI joined…
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This week in ridiculous regulations: lowfat yogurt and halibut sharing
Debt ceiling negotiations remain stalled, and will likely remain that way until the deadline draws nearer. The Supreme Court left Section 230 intact. A…
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Robert Lucas, economist of possibilities, 1937-2023
Robert Lucas, 85, passed away this week. He was a prominent macroeconomist who won the 1995 economics Nobel. Others have remembered Lucas’s contributions to rationality…
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This week in ridiculous regulations: toy guns and trophy fisheries
The 2023 Federal Register topped 30,000 pages on May 8. New inflation numbers looked better on the surface, but actually got worse. A new…
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This week in ridiculous regulations: cloudy guidance documents and potato ledprona
The number of new final regulations this year topped 1,000 last week. It was the rare 3,000-page for the Federal Register, which will likely surpass…
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The week in ridiculous regulations: Oklahoma emissions and Big Creek crayfish
GDP grew by 1.1 percent in the first quarter of 2023. Cable news hosts Tucker Carlson and Don Lemon were both fired. Meanwhile, agencies…
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The week in ridiculous regulations: otter casualties and moving the goalpost
Fox News settled its defamation case over its false reporting on the 2020 election with voting machine maker Dominion. The Consumer Financial Protection Bureau…
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Biden Executive Order Harms Transparency
The Biden administration recently issued an Executive Order making major changes to the regulatory system, although almost nobody noticed thanks to culture war drama…
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This Week in Ridiculous Regulations
Headline CPI inflation went down slightly, but a deeper look shows that things got slightly worse. Meanwhile, agencies issued new regulations ranging from low-fat…
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This Week in Ridiculous Regulations
An Executive Order from the Biden administration made some of the biggest system-level regulatory changes in years. It raises the threshold for “economically significant”…
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This Week in Ridiculous Regulations
Finland, which borders Russia, is joining NATO. Former President Donald Trump was indicted by a grand jury. Meanwhile, agencies issued new regulations ranging…
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This Week in Ridiculous Regulations
The Federal Reserve raised the federal funds rate, signaling it intends to hold firm on fighting inflation. Meanwhile, agencies issued new regulations ranging from…
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Fed Credibility Depends on it Continuing to Raise Rates
Today’s federal funds rate hike is good news because it signals commitment. That will help the public to expect the Fed to continue to…
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This Week in Ridiculous Regulations
Silicon Valley Bank’s failure was the confluence of bad management and bad regulations. It could also complicate the Fed’s inflation-fighting efforts. Meanwhile, agencies…
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This Week in Ridiculous Regulations
President Biden released a $6.8 trillion proposed budget. The labor force grew by 311,000 people in February. Meanwhile, agencies issued new regulations ranging…
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Regulatory Reform in the 118th Congress: The ALERT Act
Transparency is a vital part of good government. It is also lacking in the regulatory process. H.R. 262, The All Economic Regulations are Transparent…
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This Week in Ridiculous Regulations
CEI published a new paper on right-to-repair legislation and held a hill briefing about regulatory reform and other topics. Meanwhile, agencies issued new…
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Regulatory Reform Bills in the 118th Congress: The Article I Regulatory Budget Act
The federal government is supposed to put out an annual budget to track its spending. Why doesn’t it do the same thing for regulation? The…
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This Week in Ridiculous Regulations
Last Friday marked the one-year anniversary of Vladimir Putin’s unprovoked invasion of Ukraine. CEI released a new paper on the FTC’s upcoming merger guideline…
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This Week in Ridiculous Regulations
The 2023 Federal Register topped 10,000 pages on February 16. Inflation remained high, but is still below its peak. FTC Commissioner Christine Wilson…
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The Judiciary Is Skeptical of FTC Power Grabs in Meta/Within Case
The FTC tried to stop a merger between Facebook’s parent company Meta and the virtual reality app developer Within Unlimited. A court recently ruled against…
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New CEI Paper on New Merger Guidelines
Any day now, the Federal Trade Commission (FTC) will release new merger guidelines. FTC Chair Lina Khan has not yet released a draft of the…
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Regulatory Reform Bills in the 118th Congress: The Less Is More Resolution
Often, spending is regulation in disguise. The 185,000-page Code of Federal Regulations is not the only way Washington regulates the economy. The federal government…
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Regulatory Reform Bills in the 118th Congress: The GOOD Act
Regulatory dark matter is a serious problem. Agencies are supposed to run new regulations through a formal process which includes publishing a draft version of…
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Mixed Inflation News for January
Today’s inflation news is mixed. We’re still almost certainly past the worst of the COVID inflation, but January’s numbers took a turn for the…
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This Week in Ridiculous Regulations
An earthquake killed at least 20,000 people in Turkey. President Biden delivered the State of the Union speech. Meanwhile, agencies issued new regulations ranging from…
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Regulatory Reform Bills in the 118th Congress: The REINS Act
Every new session of Congress is a new chance to enact substantive regulatory reform. This post inaugurates an occasional series highlighting reform bills that have…