The primary focus of the Competitive Enterprise Institute since its founding in 1984 has been to promote deregulation. Government regulation of the economy blocks innovation and wealth creation. It also encourages damaging behavior such as rent-seeking and cronyism. Finally, it crowds out more effective forms of regulation such as market discipline.
The beneficial effects of deregulation were plain in the airline and freight rail industries. Deregulation begun in the Carter administration led to more flights at lower cost and to better rail infrastructure and much lower shipping costs. Yet, since the 1990s, successive administrations of different political stripes have piled on regulations, burdening the economy needlessly. We chart this problem every year in our Ten Thousand Commandments report.
The power of regulators now raises constitutional concerns. Regulators are often unaccountable, and their insulation from the checks and balances of the constitutional system suggests that they may in effect form a fourth branch of government. The use of guidance documents to avoid rulemaking procedures, for instance, can amount to government by decree. Deregulation is therefore essential to restore good constitutional order.
CEI advocates for both overall regulatory reform – changing the ways in which rules are made to make them more transparent and easier to remove – and for specific regulatory changes. Recent successes include recognition of our concerns in Executive Orders promoting deregulation and curtailing the use of guidance, and in the reflection of our comments in rules promulgated by agencies such as the Department of Labor and the Consumer Financial Protection Bureau.
Deregulation Issue Areas
Featured Posts
Blog
Weil Is a Poor Choice to Lead Labor Department’s Wage and Hour Division
Lawmakers should reject President Biden’s choice to serve as administrator of the Department of Labor’s Wage and Hour Division, a major federal law enforcement…
Blog
This Week in Ridiculous Regulations
Second quarter GDP grew at a 6.5 percent annualized pace, although COVID’s delta variant, inflation, and massive deficit spending could dampen growth going forward.
Blog
Has Bitcoin/Crypto Failed as Money?
“[I]t’s not that [cryptocurrencies] didn’t aspire to be a payment mechanism; it’s that they’ve completely failed to become one except for people who desire anonymity…
Studies
Ten Thousand Commandments 2021
View Full Report Here Ten Thousand Commandments is the Competitive Enterprise Institute’s annual survey of the size, scope, and cost of federal regulations, and…
The Protect the Right to Organize Act Empowers Unions at Workers’ Expense
View the Full Document as PDF The Protecting the Right to Organize (PRO) Act is touted by its supporters as advancing the rights…
The Annual Percentage Rate Is the Wrong Metric for Assessing the Cost of a Short-Term Loan
Think calculating the cost of a loan is simple? Not under the longtime rules of the federal government and many states. Consider the following recent…
Blog
Tobacco Control’s Latest Self-Fulfilling Prophecy
If you want to make something irresistible to teenagers, portray it as a forbidden fruit. That is what has happened in the U.S. with e-cigarettes.
Wisdom on the Interest-Rate Price Control Folly from John Stuart Mill to Thomas Sowell
Today, the Senate held a hearing entitled, “Protecting Americans from Debt Traps by Extending the Military’s 36% Interest Rate Cap to Everyone.” But the…
The Meaningless Symbolism of Raising the Minimum Wage for Federal Contractors
The Biden administration is planning to increase the minimum wage for federal contractors to $15 an hour, but there is much less to this than…
News
CEI Experts React to President Biden’s Wide-Ranging Executive Order on Competition
President Joe Biden signed an Executive Order on Promoting Competition in the American Economy today, which the White House claims is aimed at enhancing…
CEI Supports Sen. Rick Scott and Rep. Byron Donald’s New Regulatory Reform Bill to Prune Unneeded Rules
WASHINGTON – Sen. Rick Scott (R-FL) recently introduced S. 2239, the Unnecessary Agency Regulations Act of 2021, a law that would require the Office…
Government Can Further Jobs Gain By Continuing to Ease Restriction and Not Spending
The economy added 850,000 jobs in June, according to newly released numbers by the Labor Department. That exceeds the anticipated number of 700,00. And the…
Op-Eds
National Review
Bitcoin Gets ESG’d
The Environmental, Social, Governance (ESG) movement is coming for Bitcoin and a host of other cryptocurrencies. This latest iteration of the corporate-responsibility movement has successfully captured…
CoinDesk
Washington Should Let DeFi Succeed
A new form of consumer finance could upend the entire banking and finance system that’s plagued by expensive fees, limited “bankers hours,” public mistrust, bailouts…
The Washington Examiner
Democrats’ Carbon Tariffs Would Hurt Consumers and Slow Recovery
There is a real danger that the world’s first carbon tariffs could be added to the $3.5 trillion spending bill making its way through Congress.
Staff & Scholars
John Berlau
Senior Fellow
- Banking and Finance
- Deregulation
- Financial Regulation
Clyde Wayne Crews
Vice President for Policy and Senior Fellow
- Business and Government
- Consumer Freedom
- Deregulation
Sean Higgins
Research Fellow
- Deregulation
- Labor and Employment
Sam Kazman
General Counsel
- Antitrust
- Automobiles and Roads
- Banking and Finance
Kent Lassman
President and CEO
- Capitalism
- Deregulation
- Innovation
Marlo Lewis, Jr.
Senior Fellow
- Climate
- Energy
- Energy and Environment
Angela Logomasini
Senior Fellow
- Chemical Risk
- Consumer Freedom
- Energy and Environment
Michelle Minton
Senior Fellow
- Consumer Freedom
- Consumer Product Safety
- Consumer Well-Being
Iain Murray
Vice President for Strategy and Senior Fellow
- Banking and Finance
- Trade and International
Ivan Osorio
Editorial Director
- Labor and Employment
Ryan Radia
Research Fellow and Regulatory Counsel
- Intellectual Property
- Media, Speech and Internet Freedoms
- Privacy and Cybersecurity
Fran Smith
Adjunct Fellow
- Trade and International
Fred L. Smith, Jr.
Founder; Chairman Emeritus
- Automobiles and Roads
- Aviation
- Business and Government
Ryan Young
Senior Fellow
- Antitrust
- Business and Government
- Regulatory Reform