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  • Ex-Im Bank Revival?

    May 3, 2019
    Next week the Senate is expected to vote on new board members for the Export-Import Bank, which gives favorable financing terms to foreign governments and businesses when they buy U.S. products. Ex-Im’s charter expires on September 30. If Congress does not reauthorize it, Ex-Im would close its doors to new projects, wind down its portfolio, and then disappear entirely.
  • House Democrats Introduce Union Gift Bag Bill

    May 3, 2019
    The Protecting Workers’ Right to Organize (PRO) Act puts the interests of labor unions over workers. Each provision of the bill either grants unions greater coercive powers, restricts worker choice, or increases the likelihood of industrial strife.
  • The Economic Illiteracy of a 36 Percent Interest Rate Cap

    May 1, 2019
    Earlier this week, the House Financial Services Committee held a hearing on a draft bill that proposes to set a national 36 percent annual percentage rate (APR) cap. That is to say, for daring to provide credit to people who would otherwise be unable to access it—something considered to be Nobel Prize-worthy in other parts of the world—you could face up to one year in prison and a $50,000 fine for each violation.
  • Republican Study Committee Releases 2020 Budget Proposal

    May 1, 2019
    Congress is supposed to pass an annual spending budget, though it rarely gets around to it. Instead, the government is usually funded through a mashup of individual appropriations bills, omnibus appropriations bills, and continuing resolutions. This makes government spending less transparent and less accountable. It also leaves the federal government vulnerable to shutdowns during political fights, which happened in January of this year.
  • Costs of Unequal Treatment of Citizens by Abandoning Negative Rights for a Positive Rights Framework

    May 1, 2019
    To many classical liberals (or libertarians), it is primarily the individual’s right of self-defense that is delegated to a government. We cannot unilaterally commence the exercise force against a peaceful person, and so cannot delegate that non-existent power of forcing other people to do the things we want them to do. This principle prevents citizens from violating one another’s rights and expands human liberty.  
  • CEI Leads Coalition Urging Surface Transportation Board to Withdraw Proposed Switching Rule

    April 30, 2019
    Today, the Competitive Enterprise Institute (CEI) led a coalition of 20 other free market organizations urging the Surface Transportation Board (STB) to withdraw a harmful proposed rule. The STB has been the U.S. economic regulator of railroads for more than two decades since the infamous Interstate Commerce Commission was disbanded.
  • Will Reforming Consumer Finance Regulation Cause a Recession?

    April 29, 2019
    Will reforming consumer finance regulation cause a recession? That is the claim of a recent article in The Hill. Yet, the article provides little evidence to back up its claims.
  • This Week in Ridiculous Regulations   

    April 29, 2019
    While Washington’s “This Town” types geared up for the White House Correspondents’ Dinner, the rest of the country flocked to movie theaters for a much more realistic and wholesome form of entertainment—“Avengers: Endgame.” Meanwhile, rulemaking agencies issued new regulations from Mushroom Council membership to hydroelectric licenses.
  • New York City Enacts Its Own Green New Deal

    April 26, 2019
    New York City’s council passed the Climate Mobilization Act, a set of six bills, by a 45 to 2 vote on 18th April. Mayor Bill de Blasio signed the package into law on 22nd April and declared that it, plus further administrative actions he was taking, were the city’s version of the Green New Deal. It is claimed that it is the most ambitious action taken by any city in the world to reduce greenhouse gas emissions.
  • White House Moves to Strengthen Information Quality Act

    April 26, 2019
    The White House Office of Management and Budget on April 24th sent a memo to heads of departments and agencies updating guidelines for implementing the Information Quality Act of 1999. My first impression is that the updates look like they improve in several respects the way the IQA should be used.

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