
Blog
Trump’s Executive Order on #NeverNeeded Regulations
In an op-ed in National Review, CEI Senior Fellow Ryan Young takes a look at President Trump’s new Executive Order directing agencies to get rid…

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This Week in Ridiculous Regulations
President Trump issued an Executive Order encouraging agencies to keep #NeverNeeded regulations waived during the coronavirus permanently off the books. Meanwhile, regulatory agencies issued new…

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Retro Reviews: Common Sense Political Economy
This review of Philip Henry Wicksteed’s 1910 textbook The Common Sense of Political Economy was originally published at Inertia Wins. Wicksteed was a leading economic…

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This Week in Ridiculous Regulations
Retail sales declined 16.4 percent in April, setting a new record low for the second month in a row. Congress returned to Washington, putting the…

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Time for a Federal Price Gouging Law?
Amazon’s vice president of public policy calls for a federal price gouging law in a recent post over at Amazon’s in-house blog. This is a…

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This Week in Ridiculous Regulations
The first full week of May featured a continuing pandemic, the biggest unemployment increase in U.S. history, a hailstorm in the D.C. area, freezing temperatures…

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This Week in Ridiculous Regulations
The 2020 Federal Register passed 25,000 pages, and is poised to surpass last year’s page count by more than 1,000 pages. The number of final…

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This Week in Ridiculous Regulations
New unemployment applications were down to 4.4 million last week. This is still more than an order of magnitude greater than the pre-coronavirus record. With…

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Trump Defers Tariff Payments for Struggling Businesses: A Good Start, More Needed
President Trump has deferred selected tariff payments for companies experiencing coronavirus-related hardship. It came after more than two weeks of starts, stops, denials, and reversals.

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Retro Review: Vlad Tarko’s Biography of Elinor Ostrom
Elinor Ostrom’s pioneering work on “polycentrism,” the existence of multiple sources of government authority or power within a single political system, is especially relevant during…

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Congress Has Already Introduced Bills to Reform #NeverNeeded Regulations
Policy makers have already waived more than 350 regulations and counting that were slowing the pandemic response and harming economic recovery. But with a 185,000-page…

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This Week in Ridiculous Regulations
Please do all you can to keep yourself and your loved ones safe. Hopefully Congress will also act on some of the #NeverNeeded regulations that…

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California’s #NeverNeeded AB5 Is Harming the Coronavirus Response
California’s AB5 law was already backfiring before the COVID-19 pandemic hit. It has cost thousands of jobs—many of which are home-based. During a time of…

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How to Spot a #NeverNeeded Regulation
Not every regulation on the books is directly harming the COVID-19 response. There are a lot of other regulations that need reform, but the #NeverNeeded…

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This Week in Ridiculous Regulations
When Congress convenes next week, it will likely begin work on a Phase 4 stimulus bill. CEI analysts have made the case that addressing #NeverNeeded…

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Deregulation Is an Effective Pandemic Defense
In a new op-ed in RealClearMarkets, Iain Murray and Ryan Young outline the major points of CEI’s just-released #NeverNeeded paper, which identifies regulations harmful to…

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Retro Review: The Year Civilization Collapsed
This review of Eric H. Cline’s 1177 B.C.: The Year Civilization Collapsed, was originally published at Inertia Wins. Despite covering events in the ancient past,…

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This Week in Ridiculous Regulations
Quarantine and stay-at-home orders will likely last through the end of April in many places. In more heartening news, governments are rolling back numerous #NeverNeeded…

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The #NeverNeeded Regulatory Reduction Commission
In a new Washington Examiner op ed, CEI Senior Fellow Ryan Young proposes a Regulatory Reduction Commission to act as a permanent watchdog to prevent #NeverNeeded…

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Trump Administration Suspends Tariffs, but Not Confusion, for Three Months
On Friday evening, the Trump administration announced it would stop collecting all tariff revenue for three months, effective immediately. In ordinary times, the news would…

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This Week in Ridiculous Regulations
Coronavirus deaths topped 1,000 in the U.S. last week, while new cases continued to double every few days. Meanwhile, agencies issued new final regulations ranging…

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This Week in Ridiculous Regulations
Governments are responding to the coronavirus with a getting rid of harmful regulations on restaurants, schools, and stores. Most of these rules were never needed…

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Getting Rid of #NeverNeeded Regulations Hindering Coronavirus Response
What can Washington do to minimize harm from the coronavirus? Some of the best policy responses are coming not from imposing new regulations, but from…

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This Week in Ridiculous Regulations
It was a rough week. Coronavirus infections and deaths continued to climb. Wall Street is officially in a bear market, and Congress and President Trump…

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Coronavirus and the Limits of “Flash Policy”
The coronavirus outbreak is serious, and it deserves a serious response. If you’re healthy, help people out. If you have elderly relatives or neighbors, reach…

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This Week in Ridiculous Regulations
Coronavirus continued to spread, the Democratic presidential field significantly narrowed, and the former head of the UAW was charged with embezzlement. Meanwhile, agencies issued new…

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This Week in Ridiculous Regulations
The coronavirus outbreak began to infect financial markets as well as people, with stock markets having their worst week since at least 2008. The number…

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The Minimum Wage Tax Increase
By far the most common criticism of minimum wages is that they cost jobs.

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This Week in Ridiculous Regulations
During the four-day week, Lawrence Tesler passed away. The underappreciated inventor created the cut, copy, and paste functions on computers. The Hair Club for Men…

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This Week in Ridiculous Regulations
Spring Training began for all 30 Major League Baseball teams, bringing joy across the nation. Meanwhile, agencies issued new final regulations ranging from grains ounce…

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The Spectrum Case against AB5
California’s Assembly Bill 5 (AB5) is intended to classify more independent contractors as formal employees. The goal is for workers to get higher wages and…

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Antitrust Enforcement in 4-D
Competition is an ongoing discovery process. The reason firms exist is not to enable or restrict competition. It is to reduce transaction costs. There is…

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This Week in Ridiculous Regulations
The impeachment trial ended the way everyone expected, the State of the Union address happened, and the coronavirus outbreak intensified. Agencies issued new final regulations…

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House to Vote on PRO Act This Week
The House of Representatives is expected to vote this week on the Protecting the Right to Organize (PRO) Act. The legislation would essentially nullifies 28…

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This Week in Ridiculous Regulations
The impeachment trial continued, Brexit happened, President Trump signed the USMCA trade agreement, and the 2020 Federal Register topped 5,000 pages. Agencies issued new final…

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This Week in Ridiculous Regulations
The Federal Register had a four-day week due to Martin Luther King Day, but agencies still found time to issue new final regulations ranging from…

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How Antitrust Intervention Backfires
Antitrust policy interventions into the market rarely work as intended.

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This Week in Ridiculous Regulations
In a busy week, President Trump signed Phase One of a trade agreement with China on Wednesday. On Thursday, the Senate ratified the USMCA trade…

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Senate Passes USMCA, Sets Bad Precedent for Future Agreements with China, UK, EU
The USMCA trade agreement passed the Senate today. USMCA is valuable damage control. Three years of unpredictable tariff increases, threats of increases, and diplomatic tensions…

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Phase One Trade Agreement with China: Tariff Stability, at the Cost of Managed Trade
Phase One of a trade deal with China has enormous value as damage control against further tariffs, but it comes at a cost. The Trump…

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Minimum Wages Rise Across the Country
Twenty four states rang in 2020 with minimum wage increases. Most of the increases are modest, so the tradeoffs will be, too. But there was…

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This Week in Ridiculous Regulations
The new year started off with a literal bang, though as of this writing the worst Iran scenario seems to have been avoided. The Senate…

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This Week in Ridiculous Regulations
Happy New Year, everyone. We’re doing a slightly different format this week, on account of the new year starting mid-week. With just two days’ worth…

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How Much Federal Regulation Was There in 2019?
Happy New Year, everyone. Now that 2019 is in the books, we have some data on how much new regulation hit the books. Note that…

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Best Books of 2019: In Defense of Openness
Most policy proposals for fighting poverty are zero-sum. The best way to help the poor, the argument goes, is to take from the rich. Van…

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This Week in Ridiculous Regulations
Federal workers got a three-day week as a Christmas present this year. Agencies still put out 323 notices, 50 proposed regulations, and 1,342 Federal Register…

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Best Books of 2019: Big Business by Tyler Cowen
Cowen argues that most people underestimate the amount of good that big businesses do. They make possible affordable communications, books, culture and art (and the…

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Best Books of 2019: Humanomics by Vernon Smith and Bart Wilson
Smith and Wilson combine insights from their experimental economics research with insights about human character from Adam Smith’s "Wealth of Nations" and especially his 1759 book "The Theory…

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Best Books of 2019: Expert Failure by Roger Koppl
Koppl uses the role of experts to explain the difference between approaching social problems from the top down versus from the bottom up. Koppl defines an…

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Best Books of 2019: Legal Systems Very Different from Ours
Many years ago at a Mont Pelerin Society conference in Reykjavik, I saw David Friedman give a talk on Icelandic law during the Free State…

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This Week in Ridiculous Regulations
Congress finished the year with a bang. In a two day span the House impeached the president and passed the USMCA trade agreement. Both chambers…

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Best Books of 2019: The Narrow Corridor
Predatory governments with high corruption, that don’t respect political and economic freedoms, are extractive. Countries with these sorts of institutions tend to be both poor…

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This Week in Ridiculous Regulations
Britain held a major election, and the U.S. House of Representatives is set to impeach President Trump. At the same time, Trump is poised for…

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Phase One of a China-U.S. Trade Agreement and the Ratchet Effect
As of Friday, December 13th, the U.S. and Chinese governments have agreed in principle to phase one of a trade agreement. The Chinese government will…

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Competitive Enterprise Institute Opposes USMCA Trade Agreement
The Competitive Enterprise Institute (CEI) today announced its opposition to the USMCA trade agreement between the United States, Mexico, and Canada because the updated agreement…

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This Week in Ridiculous Regulations
The House began preparing articles of impeachment, President Trump announced new tariffs against three allies, a NATO summit was surprisingly contentious, and the federal government…

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This Week in Ridiculous Regulations
While the nation celebrated Thanksgiving with family and friends, rulemaking agencies published new regulations ranging from almond information to missile accidents.

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This Week in Ridiculous Regulations
Congress averted a government shutdown until December 20th by passing a continuing resolution. The Fall 2019 Unified Agenda was also released, which compiles all rulemaking…

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This Week in Ridiculous Regulations
The 2019 Federal Register has already exceeded its page count during President Trump’s first year in office, with more than a month to spare and…

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Ex-Im Reauthorization Vote Today in the House
The House of Representatives will vote on reauthorizing the Export-Import Bank today. Even if Ex-Im is reauthorized, the fight over it has already yielded a…

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Two New Studies on Economics of Trade
Philip Thompson and Lorenzo Montanari have compiled a Trade Barrier Index, just released by the Property Rights Alliance. The U.S. currently ranks 54th out of…

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This Week in Ridiculous Regulations
The number of new regulations this year passed 2,500 last week, and the Federal Register surpassed 60,000 pages. This week could see big news on…

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Trade Developments on Export-Import Bank and NAFTA/USMCA
America’s trade policy landscape has some big events on the horizon. The House of Representatives will vote next week on Rep. Maxine Waters’ (D-CA) Export-Import…

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This Week in Ridiculous Regulations
Washington had one of its best weeks in recent memory. The Nationals won the World Series, and Congress is taking the next two weeks off.

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Export-Import Bank Reauthorization Update
It is busy a time right now in the Export-Import Bank reauthorization battle. Rep. Maxine Waters (D-CA) introduced a new bill to reauthorize the Export-Import…

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Spooky Halloween Regulations
Halloween is this week. That means costumes, spooky decorations, trick-or-treating, and pumpkin spice everything. The Code of Federal Regulations contains several rules to keep everything…

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This Week in Ridiculous Regulations
The Washington Nationals made it to the World Series, and the White House canceled some of its newspaper subscriptions. Meanwhile, rulemaking agencies published new regulations…

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This Week in Ridiculous Regulations
Last week’s big stories included a thickening impeachment plot, Energy Secretary Rick Perry’s resignation, and a letter written to the president of Turkey. In a…

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This Week in Ridiculous Regulations
The latest Mad Libs-style political feud involves the NBA, the television cartoon South Park, and the Chinese government. President Trump also issued a pair of…

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This Week in Ridiculous Regulations
Non-impeachment news involved a major court ruling on net neutrality, plus a new tariff. This year’s Federal Register is on pace to surpass last year’s…

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New $7.5 Billion Tariffs against European Union
The Trump administration has announced tariffs on $7.5 billion of goods from the European Union. This time, it is being done with the World Trade…

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New Study: Minimum Wages Have Tradeoffs
Congress nearly increased the federal minimum wage from $7.25 to $15 per hour this year. Though the Raise the Wage Act is unlikely to pass…

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This Week in Ridiculous Regulations
Congress is out of session for the next two weeks, and the impeachment investigation will likely dominate headlines for some time to come. Meanwhile, the…

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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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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…

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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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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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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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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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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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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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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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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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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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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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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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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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This Week in Ridiculous Regulations
Last week was the Federal Register’s busiest of the year, with its 3,075 pages almost tripling a normal week’s count. A new economically significant regulation…

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This Week in Ridiculous Regulations
Rumblings of a “Navarro recession” are growing louder, and the 2019 Federal Register will likely crack the 40,000-page mark early this week. Rulemaking agencies published…

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This Week in Ridiculous Regulations
In a pre-recess Parthian shot, the Senate passed a massive new spending bill that would increase federal spending by $320 billion over two years and…

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This Week in Ridiculous Regulations
Congress has adjourned for its August recess, so the republic is safe for another month. Rulemaking agencies are still on the job, however, and published…

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House Passes ‘Raise the Wage’ Act
The Raise the Wage Act, which passed the House on Thursday, would raise the federal minimum wage to $15 by 2025. The bill now moves…

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This Week in Ridiculous Regulations
Washington, D.C.’s flash flood was followed up by a heat wave; this week could bring even worse during Congress’ final week in session before the…

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This Week in Ridiculous Regulations
Washington, D.C. was hit by a flash flood, but agencies were still able to publish new regulations ranging from electric program procedures to Fort Ord…

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Antitrust Basics: Regulatory Uncertainty
Antitrust laws are not enforced to the letter. They are a matter of regulators’ and judges’ discretion. If they were applied literally, every business transaction…

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Antitrust Basics: Rule of Reason Standard vs. Consumer Welfare Standard
Regulators have used two different standards to judge antitrust cases over the last century or so: the “rules of reason” standard and the “consumer welfare”…

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This Week in Ridiculous Regulations
It was a four-day week for the federal government as the nation celebrated Independence Day. Meanwhile, agencies published new regulations ranging from the Paper and…

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Antitrust Basics: Misleading Herfindahl-Hirschman Index
Market concentration is the most common reason for antitrust intervention. If a company has too large a market share, it can abuse that market power…

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This Week in Ridiculous Regulations
The 2019 Federal Register broke 30,000 pages last week, the Democratic presidential candidates had their first debates, and the U.S. and Chinese governments prepared for…