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This Week in Ridiculous Regulations
The World Cup is underway in Qatar and the labor market had another good month. Meanwhile, agencies issued new regulations ranging from canola oil jet…
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Retro Review: George Selgin, Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Institute of Economic Affairs, 1997)
This year, inflation reached levels not seen in 40 years. The Federal Reserve spent most of 2022 trying to undo its runaway money creation in…
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This Week in Ridiculous Regulations
We hope everyone enjoyed Thanksgiving and/or Black Friday. Meanwhile, agencies issued new regulations ranging from nuclear drug tests to food tracing. On to the data:…
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This Week in Ridiculous Regulations
The 2022 Federal Register surpassed 70,000 pages on Friday, and is on pace for 79,617 pages. The first Artemis moon mission rocket launched. The…
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This Week in Ridiculous Regulations
The midterm elections happened, and most of us (sorry, Georgia) are finally free of misleading, scaremongering political ads. Inflation slowed down slightly. Meanwhile,…
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October Inflation Slightly Improves: Time for Less Politics and More Policy
Thank goodness the election is over. One of the frustrating parts of midterm season was that many people were more interested in how inflation would…
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This Week in Ridiculous Regulations
The Federal Reserve raised the federal funds rate again, though it remains less than the rate of inflation. Employment increased by 261,000 in…
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Federal Reserve Raises Interest Rate; Uncertainty Strengthens Case for a Policy Rule
As expected, the Federal Reserve raised the federal funds rate by 0.75 percentage points coming out of this week’s Federal Open Market Committee (FOMC)…
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Retro Review: Jared Diamond—Guns, Germs, and Steel: The Fates of Human Societies (Norton, 1997)
In 1972, Jared Diamond was researching bird evolution in New Guinea. While walking along a beach, he had an hour-long conversation with a local politician…
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This Week in Ridiculous Regulations
Happy Halloween! CEI released the latest edition of Wayne Crews’s Ten Thousand Commandments report, which gives a big-picture overview of the federal regulatory state.
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New Whole-of-Government Initiative on Junk Fees Comes with Unintended Consequences
Today the Biden administration announced a new whole-of-government initiative on junk fees from airlines and other industries. The news comes on the same day…
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Ten Thousand Commandments 2022 Released
The 2022 edition of Wayne Crews’s Ten Thousand Commandments report is out now. Now in its 28th year, it has its usual panoply of…
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This Week in Ridiculous Regulations
Just two more weeks until the relentless barrage of misleading election ads goes away. The Energy Information Administration warned that heating bills could get…
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Policy and Politics Are Different Things
What is more important this election: The culture wars or policy issues like inflation? In an op-ed as part of a point-counterpoint series from…
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Not a Policy Paper, Just a Thought: Anti-Merger Mania
What is the correct number of corporate mergers that should be allowed? The Federal Trade Commission (FTC) thinks it knows the answer: less. It has…
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This Week in Ridiculous Regulations
Inflation took a turn for the worse and the January 6 Committee voted to subpoena former President Trump over his role in the…
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CPI Rises 0.4 Percent in September, 8.2 Percent over Past Year
September’s Consumer Price Index (CPI) inflation numbers came out this morning, and they aren’t pretty. The month-to-month increase was 0.4 percent, after rising just…
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This Week in Ridiculous Regulations
Aaron Judge finished the baseball season with 62 home runs, setting a new American League season record. President Biden pardoned the sentences of all…
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This Week in Ridiculous Regulations
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Troubling Inflation News: Core PCE Increases 0.6 Percent
The Federal Reserve’s preferred inflation indicator, Personal Consumption Expenditures (PCE), was updated this morning with August’s numbers. PCE measures inflation more accurately than the…
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The Jones Act vs. Puerto Rico, Again
Puerto Rico is almost entirely without power after Hurricane Fiona. Right now, there is a ship just offshore, ready to help. It has…
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This Week in Ridiculous Regulations
The Federal Reserve raised the federal funds rate by 75 basis points, with more increases likely to come. Meanwhile, agencies issued new regulations ranging…
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Fed Raises Federal Funds Rate
As expected, the Federal Reserve raised the federal funds rate by 75 basis points as part of its inflation-fighting efforts. Its target range will…
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This Week in Ridiculous Regulations
CEI hosted its annual Julian Simon dinner on Thursday. The Consumer Price Index gave a mixed picture of inflation. A railroad strike was…
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FTC Hearing on Vaping Case Shows Antitrust at its Worst
Earlier this week, the Federal Trade Commission (FTC) held a public hearing about a seemingly resolved antitrust case about the vaping market. In 2018,…
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Virtual Reality and the Relevant Market Fallacy
The relevant market fallacy is one of the most common analytical mistakes in antitrust policy. One of the first legal questions in an antitrust…
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Mixed News on CPI: Headline Rate Improves, Core Rate Accelerates
The Consumer Price Index (CPI) for August is out. It increased 8.3 percent over the last year, down from 8.5 percent in July. The…
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This Week in Ridiculous Regulations
Queen Elizabeth II passed away at age 96. Meanwhile, in a four-day week, agencies issued new regulations ranging from St. Louis bridges to Atlantic krill…
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Fed Chairman Powell’s Remarks at Cato Monetary Conference
Every year, our friends at the Cato Institute hold a monetary policy conference. This year’s conference opened with Cato President Peter Goettler interviewing Federal…
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This Week in Ridiculous Regulations
The labor market continues to look strong, and the Federal Trade Commission lost its attempt to keep an early cancer-detection test off the…
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This Week in Ridiculous Regulations
President Biden announced partial student loan forgiveness for people earning up to $125,000. The number of new final regulations this year topped 2,000. Meanwhile, agencies…
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The Fed’s Preferred Inflation Measure Improves, Mixed Picture on Consumer Spending
Two new economic indicators published Friday morning give reason for cautious optimism. The Consumer Price Index (CPI) is the inflation measure that gets the…
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Student Loan Forgiveness Is Regressive, Will Increase Tuition
When the Inflation Reduction Act passed, I pointed out that its $300 billion in tax increases and spending cuts would not begin to phase…
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This Week in Ridiculous Regulations
The 2022 Federal Register surpassed 50,000 pages last week. Meanwhile, agencies issued new regulations ranging from hearing aids to vessel repair duties. On to the…
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CDC Restructuring Shows that Institutions Matter
One of my policy mantras is that institutions matter. That’s why the Centers for Disease Control and Prevention’s (CDC) restructuring announcement is big…
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This Week in Ridiculous Regulations
The FBI raided former President Trump’s Mar-a-Lago residence in Florida. Meanwhile, agencies issued new regulations ranging from street markings to salmonella prevention. On to the…
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CPI Gives Reason for Cautious Optimism on Inflation
Inflation may finally be coming down. July’s month-to-month Consumer Price Index (CPI) increase dropped to zero last month, down from 1.3 percent in June. The…
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This Week in Ridiculous Regulations
The Inflation Reduction Act, which would not reduce inflation, is now expected to pass after Sen. Kyrsten Sinema agreed to sign on. Meanwhile, agencies issued…
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This Week in Ridiculous Regulations
GDP shrank, the Federal Reserve increased the federal funds rate, the Senate passed the CHIPS+ Act to subsidize chipmakers, and the Build…
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The Facebook Antitrust Case Is Aging Poorly
Antitrust cases often take years to litigate. While wasteful, this isn’t always a bad thing. The politics surrounding a case might stay the same, but…
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Getting Inflation Wrong and Making It Right
Everyone makes mistakes. Owning up to them is an underrated life skill that is almost non-existent among political pundits. Doubling down when threatened is a…
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This Week in Ridiculous Regulations
President Biden signed the FORMULA Act, which will temporarily suspend baby formula tariffs and other regulatory measures that made the formula shortage worse. Footage emerged…
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Former Trade Official Opposes Minor Tariff Relief
Now that former President Trump’s China tariffs are four years old, a mandatory review process is underway. President Biden has indicated he might lift…
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This Week in Ridiculous Regulations
The James Webb Space Telescope sent back its first images, and they are amazing. The Consumer Price Index increased 9.1 percent over the last…
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Certification Program Goes Bananas
Private regulation is an excellent alternative to government regulation, if done right. One form it can take is independent certification. For decades, groups like the…
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Inflation Sped Up in June: What’s Going On?
Last month, it had looked like inflation may have peaked. That celebration was likely premature. According to numbers released this morning, the Consumer…
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This Week in Ridiculous Regulations
Former Japanese Prime Minister Shinzo Abe was assassinated while giving a speech. Boris Johnson resigned as UK Prime Minister. Jobs numbers remained strong in the…
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China Tariffs: Will Inertia Win?
Former President Trump’s China tariffs came with a safeguard: They expire after four years unless an internal review finds them worth keeping. On trade issues,…
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This Week in Ridiculous Regulations
Happy Independence Day, everyone. The Supreme Court issued a major ruling on the separation of powers in the case West Virginia v. EPA. Agencies…
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The FTC vs. the Right to a Fair Trial
The Food and Drug Administration recently proposed capping the nicotine in cigarettes, which will encourage many smokers to smoke more to get the same nicotine…