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  • National Donut Day: Eat One for Yourself and One for Freedom

    June 6, 2019
    The Competitive Enterprise Institute first started its two-donut campaign back in 2010. There were some formidable issues back then, from childhood obesity to international tensions to the alleged terrors of atmospheric carbon dioxide. Those issues are still with us, but the volume of political debate over them has been ramped up way past Spinal Tap’s eleven mark.
  • Venezuela and Rwanda: A Tale of Two Countries, Different Paths

    June 6, 2019
    The 21st century Venezuela is a failure. It failed because it adopted socialism. Paul Larkin, Senior Legal Research Fellow at the Heritage Foundation, remarked in his talk “The Framers’ View of Property” that “For about a year, we have been lectured about the alleged virtues of socialism, despite the fact that we have a living example in Venezuela of what socialism tends to produce: no power, no food, no water, military rule, and people forced to buy used toilet paper.”
  • Corporate 'Power' Is Limited and Temporary—Government Power Is the Real Threat

    June 6, 2019
    An Axios article today examines for-profit companies taking public positions on controversial political issues, carrying the headline “When companies act like governments.” Reporter Erica Pandey takes as her premise the idea that “Throughout the history of capitalism, wealthy and powerful companies have effectively acted like governments.” This is a problematic take that conflates the collective market power of a company’s customers and shareholders with actual coercive state power—two very different things.
  • Consumer Financial Protection Bureau Should Define 'Abusive'

    June 5, 2019
    The Dodd–Frank Act was a mammoth overhaul of financial services regulation. Along with creating an entire new consumer protection agency, the Consumer Financial Protection Bureau, it also created an entire new consumer protection standard, a prohibition on “abusive” acts or practices. This new prong is a part of a broader prohibition on “Unfair, Deceptive or Abusive Acts or Practices,” otherwise known as UDAAP.
  • SEC's 'Regulation Best Interest' Respects Investor Choice

    June 5, 2019
    Today, the Securities and Exchange Commission approved final rules that comprise “Regulation Best Interest,” which will govern conduct of broker-dealers in their transactions with retail investors. Any new regulation will likely mean higher costs, and these costs—as with the costs of business taxes and tariffs—will likely be passed on to the individual customer.
  • VIDEO: Just Say No to a Carbon Tax

    June 5, 2019
    The Competitive Enterprise Institute has a new video out today featuring Senior Fellow Marlo Lewis which explains why adopting a carbon tax in the United States would be a bad idea.
  • Prevent Another Mortgage Crisis: Let Qualified Mortgage 'Patch' Expire

    June 4, 2019
    Last month, the Consumer Financial Protection Bureau released its rulemaking agenda for Spring 2019. While there weren’t too many surprises in the agenda, which mainly involved implementing statutory requirements or completing ongoing initiatives, there was one important new reform that jumped out: assessing the necessity of a provision known as the Qualified Mortgage “patch.”
  • Regulations Trump Administration Has Eliminated So Far in 2019

    June 4, 2019
    The Trump administration promised to roll back red tape. So how goes 2019? The 2019 Spring Unified Agenda of Deregulatory and Regulatory Actions released by the White House Office of Management and Budget gives some idea. It’s easier to stop producing red tape than to roll back what’s there already.
  • This Month, Take Pride in Abundance and Opportunities of Capitalism

    June 4, 2019
    June is Pride Month, when gay, lesbian, bisexual, transgender, and other not-straight people celebrate with a variety of events, including activism, parades, and concerts. As with any popular celebration, corporations and brands have become involved, creating special offers and limited-release products to cater to the enthusiasm. Not everyone is excited about this development, however.
  • Will Antitrust End Trump's Deregulatory Push?

    June 3, 2019
    Revelations that antitrust enforcers have conspired to divide jurisdiction and initiate antitrust investigations into Google and Apple (the U.S. Department of Justice) and Amazon and Facebook (the Federal Trade Commission) could well cement the end of Donald Trump claiming the mantle of a deregulatory president.

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