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  • Business Roundtable Restates Obvious: Stakeholders Matter (and Always Have)

    August 19, 2019
    There’s a flurry of news coverage this morning about the Business Roundtable releasing a new public statement on “the purpose of a corporation.” Whereas previous versions stated that “corporations exist principally to serve their shareholders,” the new statement emphasizes the way in which the signatory CEOs “create value for all our stakeholders, whose long-term interests are inseparable.” Opinion writers like the Washington Post’s Steven Pearlstein consider this shift in language “significant,” but it seems more a clarification of what has always been true for American businesses than any real change in direction.
  • 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.
  • Climate Study Urges Blacklisting of Contrarians

    August 16, 2019
    Authors of a study published recently in the journal Nature Communications want editors and journalists to blacklist “climate change contrarians.” Of course, the study doesn’t put it quite that way, but that clearly is the upshot.
  • VIDEO: Why Beer Sucks in Socialist Countries

    August 16, 2019
    The trend of younger voters allegedly becoming more favorable to socialism has alarmed and chagrined many observers recently, from members of the New York Post editorial board (“Socialism’s millennial fans don’t even know what it is”) to an Arizona Republic columnist writing in USA Today (“If millennials choose socialism, fine. Just don't make this mistake”).
  • Children's Environmental Health Programs Translate to Junk Science

    August 14, 2019
    For more than a decade now, the federal government has doled out millions of dollars to fund junk science and political activism under the guise of “children’s environmental health.” Many of these programs sound science-based, but a close look at what they actually fund is disheartening, to say the least.
  • States Making Predictable Grab for Revenue via Online Sales Taxes

    August 14, 2019
    Fallout from the 2018 South Dakota v.​​​​​​​ Wayfair Supreme Court decision, which allowed remote sales tax collection from online purchases, has begun and The Wall Street Journal editorialized on the sad state of affairs yesterday. The Competitive Enterprise Institute spent twenty years articulating the advantages of tax competition and warning of the repercussions of allowing states to reach outside their borders and collect taxes from businesses located entirely outside that state.
  • Modernizing Passenger Facility Charge Can Promote Airport Investment, Reduce Federal Spending

    August 14, 2019
    The passenger facility charge (PFC) is a local airport user fee that serves as an important revenue tool with less federal meddling than its primary alternative, Airport Improvement Program (AIP) grants.
  • 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.
  • Climate Rent-Seeking Backfiring on Chemours

    August 9, 2019
    In perhaps the most egregious example of climate change-related rent seeking to date, chemical giants Chemours and Honeywell have joined forces with environmental activists to restrict a widely-used class of refrigerants called hydrochlorofluorocarbons (HFCs) on the grounds that they are greenhouse gases.
  • New Rule to Limit State Government Abuse of Clean Water Act for Climate Activism

    August 9, 2019
    Making good on a promise made in an April 10th Executive Order entitled Promoting Energy Infrastructure and Economic Growth, the Environmental Protection Agency has proposed a rule restricting states from abusing the Clean Water Act to pursue a climate agenda. 

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