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New Schumpeter Book
In the tradition of the Reader’s Digest condensation of F.A. Hayek’s The Road to Serfdom, Joseph Schumpeter’s Can Capitalism Survive? is coming out on September…
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Regulation of the Day 36: Buying American
The $787,000,000,000 stimulus contains a provision requiring the Department of Homeland Security to buy american textiles. Basically, that means TSA uniforms will go up in…
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Regulation of the Day 35: Doctors with Borders
In 49 states, it is illegal to practice medicine outside of the state in which you are certified. Tennessee is the lone state with an…
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Rose Friedman, 1910-2009
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Regulation of the Day 34: Diabetic Truckers
It is a violation of federal regulations to “operate a commercial vehicle in interstate commerce” if you have insulin-treated diabetes.
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The Long Odds of Voting
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Regulation of the Day 33: Pressure-Sensitive Plastic Tape
Ending the levy would “likely to lead to continuation or recurrence of dumping,” so it’s here to stay. Domestic tape producers must be pleased. Consumers,…
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Federal Budget Deficit Hits $1,270,000,000,000
Federal spending is going up. Tax receipts are going down. 2009's federal budget deficit is now up to $1.27 trillion as a result. That's about…
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Regulation of the Day 32: Migratory Birds
If you’re planning on hunting migratory birds this year, be sure to read all 14 subparts and 61 sections in Title 50 of the Code…
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TARP Transparency: A Good Start, but Not Enough
More transparency would alleviate some of TARP’s symptoms. But TARP itself is a disease. The sooner Congress gains the political will to recover from its…
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Money Is Not Wealth
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Regulation of the Day 31: Fraud in Wholesale Oil Markets
If you’re a wholesaler of crude oil or gasoline, a new FTC rule makes it illegal to engage in any business practice that“operates or would…
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Media Bias: The More, the Better
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Regulation of the Day 30: Labeling Mustard
If your company makes mustard bottles that are reusable as beer mugs, you are specifically required to put a country-of-origin label on your product.
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They Can’t Even Keep Drugs Out of Prison?
Armed guards. All the bad guys behind bars. Under constant supervision. And Mexico still can’t keep drugs and drug dealing out of its prisons.
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All Community Organizing Is Astroturfing – And That’s Fine!
The fact that members of Congress extolling the president’s plan are attacking astroturfers while leaving their arguments alone says to me that the Congressmen believe…
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Regulation of the Day 29: Protecting Us from Cheap Foreign Goods
Sometimes (but not always), when a foreign producer sells goods to U.S. consumers cheaply, the U.S. government takes action to put a stop to it.
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Inconvenient Evidence Suppressed in EU-Intel Antitrust Case
The EU’s top antitrust regulator intentionally suppressed “potentially exculpatory" evidence in its case against Intel. This is the rule of men, not law.
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Regulation of the Day 28: Urine Trouble Now
Want to work for HHS? You’ll have to comply with approximately 32,463 words worth of regulations in the Mandatory Guidelines for Federal Workplace Drug Testing…
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Reporting the Hidden Costs of Stimulus
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Microsoft, Yahoo, and Antitrust
If regulations are to be effective, they must be either clear or silent; antitrust statutes are neither. That alone is reason enough to urge trustbusters…
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Regulation of the Day 27: Beekeeping in South Dakota
Beekeeping in South Dakota is illegal without a license.
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Today’s Unintentionally Funny Headline
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Regulation of the Day 26: Fortune Telling in Maryland
You need a license to tell fortunes in Annapolis, Maryland.
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Regulation of the Day 25: Cattle with Scabies
If you own cattle and they are at risk of catching scabies, you may want to read up on the pertinent federal regulations. There are…
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The Antitrust Religion still Has Many Adherents
Why bother with the ongoing challenge of competing in the marketplace if one can merely go to Brussels or Washington?…
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Regulation of the Day 24: The Width of Ladders
It is illegal for a portable metal ladder to have steps narrower than 12 inches.
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In Which Greed Is Good
The great economist Joseph Schumpeter wrote that "[F]ree trade is the cement that holds together the idea of peace." His logic is sound. Commerce gives…
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Regulation of the Day 23: Texting While Driving
Texting while driving is both dumb and dangerous. But making it a crime won’t make people stop doing it. It will merely make more people…
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Regulation of the Day 22: Rhinestones
The Consumer Product Safety Commission, after much deliberation, has banned crystal rhinestones from children's products, despite no evidence of harm.