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OpenMarket: Ryan Young

  • Antitrust Basics: Corruption and Rent-Seeking

    August 21, 2019
    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, and antitrust regulations are one of the items. Licensing regulations and other restrictions can make it harder for startups to enter a market, favoring incumbent businesses.
  • This Week in Ridiculous Regulations

    August 19, 2019
    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 targeting immigrants also pushes the compliance costs of this year’s new economically significant regulations above 2018’s total, with more than three months to go. Rulemaking agencies published new regulations ranging from Wisconsin landfill R&D permits to modernizing children’s television.
  • This Week in Ridiculous Regulations  

    August 12, 2019
    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 new regulations ranging from rebranding the Overseas Private Investment Corporation to Autographa californica.
  • This Week in Ridiculous Regulations  

    August 5, 2019
    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 delay the next debt ceiling vote until after the next election. Within hours of the Senate’s adjournment, President Trump also announced a new round of tariffs on $300 billion of Chinese goods.
  • This Week in Ridiculous Regulations

    July 29, 2019
    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 new regulations ranging from the Army’s real estate handbook to lactic acid tolerance.
  • House Passes 'Raise the Wage' Act

    July 22, 2019
    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 to the Senate. Over at Inside Sources, I point out some reasons why the tradeoffs would outweigh the benefits.
  • This Week in Ridiculous Regulations   

    July 22, 2019
    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 August recess. As the Federal Register surpasses 35,000 pages on the year, rulemaking agencies were still able to publish new regulations ranging from jet routes to worsted wool.
  • This Week in Ridiculous Regulations   

    July 15, 2019
    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 dog management.
  • Antitrust Basics: Regulatory Uncertainty

    July 11, 2019
    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 would be illegal.
  • Antitrust Basics: Rule of Reason Standard vs. Consumer Welfare Standard

    July 8, 2019
    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” standard. This post will briefly introduce them both.

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