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VIDEO: Prosperity Is More Than Wages
In a new video for the PolicyEd channel, economist Russ Roberts takes on the popular—though misleading—narrative that ordinary working Americans haven’t made any real economic…
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Export-Import Bank Fight Not Over Yet
The Export-Import Bank’s charter is currently set to expire on September 30. If authorization lapses, the agency will shut down. On Thursday, the House passed…
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Trump Administration Terminates California’s Unlawful Power over Auto Industry
Today, the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) and the U.S. Environmental Protection Agency (EPA) took the first step towards finalizing…
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Ex-Im Bank Reauthorization: Major Victory against Cronyism, Despite Setback
Nobel laureate economist Ronald Coase wrote in his 1975 essay “Economists and Public Policy” that “An economist who, by his efforts, is able to postpone…
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In Its Stores, Walmart Behaves the Same Way Amazon Does and No One Cares
This week, The Wall Street Journal published an exclusive story detailing how Amazon uses its algorithms to prioritize its brands and products that are more…
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Wrong Again: 50 Years of Failed Eco-pocalyptic Predictions
Modern doomsayers have been predicting climate and environmental disaster since the 1960s. They continue to do so today. None of the apocalyptic predictions with due…
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UPDATE: Big Picture in ‘Vaping-Linked’ Lung Poisonings
Over the last three months, the news has been filled with stories of people falling ill from a mystery lung ailment supposedly caused by vaping.
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This Week in Ridiculous Regulations
Congress returned from recess, the Democratic presidential candidates had a debate, and the 2019 federal deficit topped $1 trillion with a month left to go…
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Greenpeace Disrupters Arrested for Shutting Down Houston Ship Channel
Ahead of the September 12th Democratic presidential primary debate, activists from the group Greenpeace were arrested after pulling a stunt that briefly held Houston commuters hostage…
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Policy Circle 4th Annual Leadership Summit Coming to Chicago
There are a lot of useful conferences, meetings, and conventions that fill our calendars, and one that we're especially looking forward to this year is the Policy Circle’s…
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Automaker Antitrust Investigation Wrong Way to Fight Cartels
Cartels need government support because they contain the seeds of their own destruction. Self-interested companies acting selfishly naturally undo their own cartels.
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Lead State in Big Tech Antitrust Suit Misleadingly Inflates Google’s Size
In The Wall Street Journal today, Texas Attorney General Ken Paxton, who is spearheading a multistate antitrust investigation into Google, made an egregious error.
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Unleash Markets to Reduce Traffic Congestion
Congestion is a persistent and growing problem facing America’s road networks. The challenge facing policy makers is how to address this growing problem. Given that…
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Getting My Bearings in Taipei: Personally and Politically
Key Insight of the Day: While not every aspect of life in Taiwan is dominated by the relationship with the People’s Republic of China, every…
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California to Eliminate Independent Work
Late Tuesday evening, the California legislature passed controversial legislation that would codify a state Supreme Court decision, which adopted a flawed test that effectively prohibits…
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Reform Proposal Addresses Cronyism in Government-Backed Mortgages
Earlier this year, the Trump administration issued an executive memorandum directing the Department of the Treasury to “develop a plan for administrative and legislative reforms” of…
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Sharing Insights and Observations from the Road: A Travelogue
This week I’m in Taiwan as a part of a delegation of free-market trade experts. I’ll write short posts for the Competitive Enterprise Institute team…
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Unknown Societal Costs of Imposing Regulation Based on Secret (or Creatively Leveraged) Data
From the food pyramid and dietary guidelines, to vaping policies, to the Progressive zeal for eugenics, humility-challenged administrative experts can be mistaken, can mislead, or…
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Trump Administration Pushes Back on California’s Fuel Economy Scheming
Since at least March 2018, the Trump administration and the state of California have been engaged in a legal and political struggle over the stringency…
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Study on Export-Import Bank: Repeal Is Best, Other Reforms Can Help
The Export-Import Bank is up for reauthorization by September 30. It should be shut down, as I’ve pointed out before, but reauthorization will almost certainly…
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Gene Editing Can Improve Health Outcomes for the Poor
Gene editing, specifically somatic gene therapy, cures maladies with traceable genetic origins. This revolutionary science is rapidly advancing, but not without major setbacks. Regulations designed…
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This Week in Ridiculous Regulations
Contrary to my earlier prediction, the number of new regulations this year did not pass 2,000 last week, ending the four-day week at 1,991. Meanwhile,…
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CNN Hosts Seven-Hour ‘Climate Crisis Town Hall’ with Democratic Presidential Candidates
CNN on September 4th broadcast a seven-hour “Climate Crisis Town Hall” featuring ten Democratic presidential candidates. Each of the following candidates was in the spotlight…
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State Attorneys General Launch Antitrust Investigations, Forget ‘Relevant Market’ Fallacy
Facebook and Google are facing separate antitrust investigations from publicity-seeking state attorneys general from both parties. New York’s Democratic attorney general is heading a joint…
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Ethanol ‘Flex Fuel’ No Solution for Climate—or Political Compromise
Pollster Frank Luntz discussed climate policy Thursday night with Laura Ingraham on her Fox News program “The Ingraham Angle.” In the previous segment, Ingraham interviewed…
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Welfare for Billionaires: Stadium Subsidies Are Pure Cronyism
Our old friend (and former Competitive Enterprise Institute journalism fellow) Tim Carney is doing excellent work at the American Enterprise Institute these days, where he…
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Trump Tariff Costs to Outweigh Benefits from Deregulation
Early in the Trump administration, a series of executive orders slowed the growth of new regulations and removed some existing rules. From the start of…
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Department of Energy Expands Consumer Choice in Light Bulbs
The Trump administration took a pro-consumer step today as the Department of Energy finalized a rule that will allow certain types of lower-cost light bulbs to…
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Facebook’s $5 Billion Privacy Fine Almost Certainly Too High
Facebook has faced intense criticism from lawmakers and regulators since last spring, when The Observer and The New York Times reported that data from over…
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Marijuana Industry Bank Reform on Capitol Hill Agenda
While the continued legalization of recreational and medicinal use of marijuana at the state level has undoubtedly been a win for liberty, there remains much…
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This Week in Ridiculous Regulations
The UK parliament will soon be suspended for a five-week period, something the U.S. Congress should consider emulating as often as possible. Over in the…
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Loco Four Loko Hysteria
It’s only a matter of time before Phusion Projects' new hard seltzer hits shelves, which means that it’s only a matter of time before alarmists…
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Free-Market Groups Urge Reform of National Environmental Policy Act
CEI and five other free market groups submitted comments on the White House Council on Environmental Quality’s Draft National Environmental Policy Act Guidance on Consideration of Greenhouse…
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How Accounting Reform Can Help Address Public Pension Underfunding
By deferring compensation, in the form of pensions, and pushing those costs well into the future, politicians can gain favor with government employee unions, which…
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Lung Disease Outbreak Caused by Black Market, not Vaping
News media around the world have picked up on the story of “vaping-linked” hospitalizations. Most have omitted the fact that black market marijuana e-liquid has…
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Union Wish List Bill Would Harm Workers and the Economy
Today, the Competitive Enterprise Institute (CEI) released a report that analyzes the Protecting the Right to Organize (PRO) Act of 2019 (H.R. 2474), which the…
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This Week in Ridiculous Regulations
A humorous diplomatic row over Greenland was not the only news of the week, with China tariffs, divisive rhetoric, and recession fears also putting in…
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Senator Bernie Sanders Releases $16 Trillion Green New Deal Plan
On August 22nd, Sen. Bernie Sanders (I-Vt.) released a 14,000-word plan to implement the Green New Deal—a detailed blueprint to “avert climate catastrophe and create…
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Washington Post Uses Dubious Data on ‘Extreme’ Climate Change
The Washington Post ran a long, complicated story by four reporters on August 14th headlined “Extreme climate change is here.”…
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Antitrust Basics: Think Long Term, Not Just Short Term
Moore’s Law states that computing power doubles every year and a half or so. An antitrust case against IBM, by contrast, lasted for 13 years,…
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David Koch (1940-2019), R.I.P.
Friend, philanthropist, inventor, and industrialist David Koch has died at the age of 79. He was a father and husband. Known best for his pro-liberty…
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Heretics in the Church of Tobacco Control
H.P. Lovecraft opined in 1931 that “if religion were true its followers would not try to bludgeon their young into artificial conformity, but would merely…
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When Did Conservatives Stop Loving a Free Economy?
National Review contributor and rage-inducing controversialist Kevin Williamson has a new book out, “The Smallest Minority: Independent Thinking in the Age of Mob Politics,” which…
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Sealand, from Pirate Radio to Seasteading
Setting up a sovereign free territory has long been a dream of libertarian mavericks, from the ill-fated Republic of Minerva to the nascent Free Republic…
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Will T-Mobile/Sprint Merger Increase Prices?
Lots of things influence prices and, of course, not all are influenced by the same factors. However, the lawsuit filed by several state attorneys general…
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Antitrust Basics: Corruption and Rent-Seeking
Rent-seeking is economics jargon for chasing after unfair special favors from government. Businesses and individuals have a large menu of rent-seeking options to choose from,…
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Where Facebook Interim Report on Bias Falls Short
Today former U.S. Senator Jon Kyl (R-AZ), in fulfillment of an arrangement with Facebook, released an independent Interim Report (and accompanying op-ed) cataloging the primary concerns of…
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Debt Collectors Keep Credit Market Flowing
Debt collecting is a profession that gets little love, but given the social good done by debt collectors who operate ethically and follow the rules,…
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Cataloging Regulatory Costs of Cronyism and Rent-Seeking in a Self-Interested Administrative State
Rent-seeking as a policy concern has been done to death: It’s been described over and over how regulation is often not about elevating the public…
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PRO Act Undermines Employee Choice
Democrats in Congress introduced the Protecting the Right to Organize (PRO) Act with the state goal of strengthening union power and increasing union membership, which…