June 30, 2020
America’s current surface transportation authorization, the FAST Act, expires at the end of September. Rather than reauthorizing it, however, House Democrats have introduced the INVEST in America Act (H.R. 2). While this bill stands no chance of becoming law, it exemplifies several problems with the current approach to lawmaking from the House.
June 17, 2020
Government agencies’ initial responses to the COVID-19 crisis were notable for one particular characteristic: incompetence. From basic errors in data collection, through failed lab safety precautions, to contradictory messaging about the effectiveness of masks, the record of agencies like the CDC and FDA has been distinctly subpar. Americans are entitled to ask why.
May 4, 2020
Tomorrow, the Washington, D.C. City Council votes on a bill that seeks to impose a price cap on the commission a third-party delivery platform can charge restaurants for bringing them custom. Seattle and other cities are doing something similar. This is a classic case of an action that seems reasonable but would in fact be disastrous.
May 1, 2020
As governors begin to lift restrictions on economic activity, polling data show that Americans are generally still afraid of the virus and have changed their economic behavior. Whole sectors of the economy have had their parameters changed. This will also likely mean a change in regulations will be necessary too.
March 25, 2020
In his latest Bloomberg column, Noah Smith argues that offshoring production led to the current shortage of medical masks and equipment in the face of the coronavirus. The real question is: Why can’t we suddenly switch production and churn out millions of masks a day in the face of an unanticipated calamity? The answer to that is not offshoring, but regulation.
March 5, 2020
The past two weeks have seen a volatile market owing to concerns over coronavirus, which suggests an economic downturn could be on the cards. The administration can go some way toward heading this off with liberalization of trade.
March 3, 2020
The National Labor Relations Board finalized a rule last week that will bring much needed relief and certainty to the franchise industry and other industries that follow a certain business model. In 2015, the NLRB unilaterally changed the definition of “joint employer,” a change that opened the franchise business model to liability -- and posed an existential threat to the franchise business model.
December 20, 2019
How did a joint stock company founded in Elizabethan England come to replace the glorious Mughal Empire of India, ruling that great land for a hundred years? William Dalrymple’s splendid history, The Anarchy, tells that story—and purports to warn us about the perils of corporate power.
December 12, 2019
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 sets dangerous precedents for future policy.
July 26, 2019
Economic growth slowed in the second quarter of 2019, according to the Bureau of Economic Analysis. It remained above 2% thanks to a combination of personal consumption and federal and state government spending. Business investment, however, contracted. This suggests that tariffs are beginning to harm the economy, exactly as free market economics suggested they would.