One of my first blog posts, back in 2009, featured Veronique de Rugy in a video, warning that America should not adopt the statist policies that caused so much damage in her home country of France. Sadly (but predictably), the politicians in Washington ignored…
Daily Analysis
Great Moments in Government Regulations: Special Accommodations for Pee-Shy Employees
Regulation is a hidden tax that in many cases raises the cost of creating jobs and generating wealth. Here are some staggering numbers. Americans spend 8.8 billion hours every year filling out government forms. The economy-wide cost of regulation is now $1.75…
World Bank Study Shows How Anti-Money Laundering Rules Hurt the Poor
I’ve complained many times about the pointless nature of anti-money laundering laws. They impose very high costs and force banks to spy on their customers, but they are utterly ineffective as a weapon against criminal activity. Yet politicians and bureaucrats keep…
Assurances on Destructive IRS Regulation Fall Short
Secretary Geithner offered little more than ‘you can trust us’ to assuage concerns.
Should America Copy Europe, as Obama Believes?
Last year, I shared a very amusing Michael Ramirez cartoon showing Obama as the European lemming. Now, Mark Helprin takes a much more serious look at the same issue in the Wall Street Journal, commenting on the wisdom (or lack thereof) of Obama’s interest in the…
China, Regulation, Wealth, and Chicken Wings
While I’m not oblivious to geopolitical concerns, I don’t worry about China becoming a more prosperous nation. Yes, more wealth could enable the nation’s dictators to finance some unwelcome aggression, but I mostly think higher living standards will create pressure…
Government Stupidity Defies Satire When a $50 Light Bulb Wins an Affordability Prize
I’ve written about the government’s war on consumer-friendly light bulbs (and also similar attacks on working toilets and washing machines that actually clean), so I’m generally not surprised by bureaucratic nonsense. But even I’m shocked the federal government gave…
When Obama Rejects Government Intervention and Says It Is Better to “Let the Market Work on Its Own,” You Need to Read the Fine Print
Back in 2009, I got very excited when President Obama stated, “No business wants to invest in a place where the government skims 20 percent off the top.” Did that mean he wanted to reduce America’s punitive and anti-competitive corporate tax burden? Or maybe even fix…
Good and Bad News in International Survey on Regulation
Even when the results coincide with my views, I have a jaundiced view of polling data. In large part, this is because the answers often depend on how a question is framed. That being said, I periodically link to polling data about economic policy if I think we can…
The Never-Ending Battle Between the U.S. and U.K. for Stupidest Government Policy
In June of last year, I posted several examples of idiotic government policy from both the United States and United Kingdom and asked which nation had the dumbest bureaucrats and politicians. Since then, we have found new examples of brain-dead government and…