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
Allies
Antitrust and the Federal Trade Commission in 2023
Excerpt from Mark Jamison’s piece, Antitrust and the Federal Trade Commission in 2023 in the Washington Examiner. “Generally, Republicans have a limited…
Study
Terrible Tech Bills from the 117th Congress
Congress is considering an onslaught of legislation targeting the largest tech platforms in the U.S., addressing topics such as mobile apps, advertising,…
Blog
This Week in Ridiculous Regulations
The big news is that the Food and Drug Administration is poised to follow several other countries’ lead in approving one or more coronavirus…
Studies
The Protection Paradox
The everyday American expects certain basic services from her government. She expects her roads to be maintained, her mail to be delivered, and her…
Permitting Reform for a Freer and More Prosperous Nation
Contents Special Advisors The Importance of Permitting Reform Part 1: 11 Principles for Permitting Reform Part 2: Statute-by-Statute Analysis for Permitting…
Don’t Panic: A Skeptic’s Guide to the AI Jobs Doomsday
As technology advances it has periodically bred the fear that progress will destroy jobs and livelihoods. History teaches that these fears are usually misplaced.
Blog
The challenges of central banking
The Federal Reserve has decided to maintain interest rates between 3.75 percent and 4 percent. Within minutes of this announcement, economists, investors, politicians,…
OCC aligns with CEI suggestions in new stablecoin rule
Last week, the Office of the Comptroller of the Currency (OCC) released its long-awaited final rule implementing the GENIUS (Guiding and Establishing National…
America250 and the Oath against democratic socialism
Not every ideology seeking power is equally compatible with a faithful commitment to preserve the constitutional order. Turn on cable news or browse conservative…
News
Federal Reserve holds rates steady as inflation turmoil continues: CEI analysis
The Fed has decided to keep interest rates steady as it continues to battle against rising inflation and economic uncertainty, made worse by…
CEI challenges Wisconsin’s treatment of election prediction-market contracts
The Competitive Enterprise Institute has filed a federal lawsuit on behalf of Wisconsin voter and Green Bay radio host Joseph Giganti, Sr., challenging the…
Inflation increases again in September, no relief in sight for consumers’ wallets: CEI analysis
September’s Consumer Price Index report shows a 0.6 percent increase in prices across all sectors, up from a 0.4 percent increase in August.
Op-Eds
National Review
America’s Misplaced Income Priorities
The national inequality debate is asking the wrong questions. Pundits are cheering a recent Congressional Budget Office (CBO) report showing a…
National Review
The Affordability Crisis Hits Air-Conditioning
Do you think groceries, gasoline, medications, utility bills, and other necessities are too expensive? Consider yourself very lucky if you don’t have to buy…
National Review
From Munitions Shortage to Ebola, Dodd–Frank Minerals Measure Makes Things Worse
A scan of news headlines warns readers of two seemingly unrelated dangers around the globe. One is a potential shortage of missiles, interceptors, and…
Staff & Scholars
Kent Lassman
President and CEO
- Capitalism
- Deregulation
- Innovation
Clyde Wayne Crews
Fred L. Smith Fellow in Regulatory Studies
- Business and Government
- Consumer Freedom
- Deregulation
Ryan Young
Senior Economist and Director of Publications
- Antitrust
- Business and Government
- Regulatory Reform
Iain Murray
Vice President for Strategy and Senior Fellow
- Banking and Finance
- Trade and International
Marlo Lewis, Jr.
Senior Fellow
- Climate
- Energy
- Energy and Environment
Steve Swedberg
Finance and Monetary Policy Analyst
- Banking and Finance
- Deregulation
- Financial Regulation
Soriya Chhe
Senior Counsel
- CEI Litigation
- Law and Litigation
- Legal Studies
Marin Murdock
Associate Counsel
- CEI Litigation
- Law and Litigation
Ondray T. Harris
General Counsel
- Law and Litigation