John Derbyshire of National Review has an interesting article on bureaucratic harassment of private business. He begins with a personal story of something that happened when he first came to the United States and was working at a food-preparation company: The first federal regulator I ever knew was a fellow named Ernie. …Ernie was a power […]
read more...There’s an article in the Wall Street Journal showing how already-established companies and their union allies will use the coercive power of government to thwart competition. The article specifically discusses efforts by less competitive supermarkets to block new Wal-Mart stores. Not that Wal-Mart can complain too vociferously. After all, this is the company that endorsed a […]
read more...I”m not even sure what to say about this story about new legislation being proposed that would have the federal government track the “Body Mass Index” of American children and spend lots of money and impose lots of rules to reduce childhood obesity. I certainly don’t want to be in favor of chubby kids, but […]
read more...One bonus of speaking at the Global Financial Services Centres Conference in Dublin last week is that I got to listen to Paul Atkins, a former Commissioner at the Securities and Exchange Commission. Unlike many others who have served in that role, Paul understands economics and recognizes the limited value of government regulation. Here’s and […]
read more...No, that’s not the name of a new TV series. We should be so lucky. Instead, it’s a good description of the government’s approach to tobacco. Instead of letting adults make up their own minds about costs and benefits of risky choices (which includes most things in life, such as crossing a street and eating […]
read more...This column by Tim Carney in the Washington Examiner should make every honest person nauseous. It explains how the big pharmaceutical companies are Obama’s biggest allies. This is well know inside the beltway, but average Americans don’t understand that Obamacare is largely a giveaway to powerful interest groups. Two observations are worth making. First, the […]
read more...A new study from the University of Michigan Law School’s Empirical Legal Studies Center finds that it is more difficult today for politicians to impose excessive financial regulation because firms can migrate to jurisdictions with more pro-market policy. The author notes tht this is less true for institutions, such as big banks, that want government […]
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