It's always a good time to revisit the late, great Fred McChesney's book, "Money for Nothing: Politicians, Rent Extraction, and Political Extortion"
(NB: Fred often referenced classic rock songs in his article/book titles. This one is no exception.) 2/
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Ryan Young
@RegoftheDay
Senior economist . Regulation, trade, antitrust, monetary policy, and a few other issues. All opinions here are my own.
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Adding “now do…” to my list of replies that get you automatically blocked. It’s the dumbest, laziest form of whataboutism and you sound like a snotty adolescent doing it.
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14 proposed regulations, 21 final regulations, 98 agency notices in today's 332-page Federal Register.
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There are parts of the federal regulatory review process that haven’t been updated since the 1990s. A lot has changed since then.
Today, the Administration is taking action to modernize regulatory review for the 21st century. [1/2]
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Domesticated for milk & meat 5,000 years ago, horses quickly became an integral part of human history when humans learned to ride them. In this episode of ’s New and Improved, Norberg takes us to the steppes of Central Asia & the origins of the domesticated horse.
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3 proposed regulations, 2 final regulations, 105 agency notices in today's 344-page Federal Register.
"We’ll never know which cancer patients’ lives might be saved by better early detection tests, but the FTC will be partially responsible for at least some avoidable deaths. These ‘invisible coffin’ stories are all too common in Washington.” -
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Electric vehicle subsidies and climate policies stymie what should be straightforward trade agreements with allies. CEI's explains in our latest "Not a Policy Paper, Just a Thought" video
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6 proposed regulations, 11 final regulations, 72 agency notices in today's 324-page Federal Register.
4 proposed regulations, 22 final regulations, 97 agency notices in today's 261-page Federal Register.
I've often thought about these paragraphs over the past seven years. From Henry Allen's 1990 story about the opening of the doomed Trump Taj Mahal in Atlantic City. washingtonpost.com/archive/lifest
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"We’ll never know which cancer patients’ lives might be saved by better early detection tests, but the FTC will be partially responsible for at least some avoidable deaths. These ‘invisible coffin’ stories are all too common in Washington.” -
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13 proposed regulations, 19 final regulations, 89 agency notices in today's 579-page Federal Register.
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Huge tariffs on baby formula returned. So did the shortages. What an incredible coincidence!
Full story: reason.pub/3nyMurJ
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"There is enormous inertia—a tyranny of the status quo—in private and especially government arrangements. Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. ..."
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1st Quarter closes with 757 rules and 19,511 pages in the 2023 Federal Register.
tenthousandcommandments.com
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Economists are often personally crotchety.
But when we look out at the world, I’d say we’re generally optimistic.
It follows from our basic assumption that people respond to incentives. A quick🧵
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5 proposed regulations, 11 final regulations, 93 agency notices in today's 334-page Federal Register.
My hometown is a very special place.
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My plea for realism about large language models. They’re not AI and won’t be for some time. That means they make great tools but lousy researchers.
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Just shared an elevator with a lobbyist straight from casting in Gucci Gulch and three advocates clearly visiting from outside Washington.
For five floors, they discussed Jones Act “protection” and emergency orders for Puerto Rico.
As they stepped off, I clearly announced…
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9 proposed regulations, 12 final regulations, 90 agency notices in today's 255-page Federal Register.
The process abuses continue in 's action against e-cig makers Altria & Juul. In 2020, FTC sued over Altria's purchase of a 35% interest in Juul. It also challenged some noncompete agreements the parties entered as part of the deal. It lost before its in-house judge.🧵 (1/9)
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The RESTRICT Act is a fundamental attack on our First Amendment rights. and I expound briefly on our opposition to it here. We call on Congress to reject this awful bill. #RESTRICTAct
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Imagine having ALS or a child with cancer and hearing we need to slow technological progress because white collar workers are nervous the skilled wage premium might fall back to historical norm.
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Did antitrust ideology play a role in the FDIC's slow action over SVB and therefore help destabilize the global financial system? We need to know if there's a doctrine of Too Big to Merge.
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The use of adhesives actually makes many electronic devices more resistant to damage.
More repairable = more breakable.
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.@MIAttyGen @dananessel joins coalition urging Congress to pass Right-To-Repair legislation.
Read more
michigan.gov/ag/news/press-
michigan.gov/ag/news/press-
read image description
ALT
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7 proposed regulations, 10 final regulations, 72 agency notices in today's 152-page Federal Register.
With legacy verification going away and soon having to pay for algorithmic amplification on Twitter, a reminder that at we're building a platform designed to make it easy for users to follow your latest writing. Sign up for the beta here:
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Administrative Law Courts fail to fix many of the problems they were created to resolve. Read more from CEI's
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Just heard the term "angertainment" and now I know what I've been noticing and worrying about for the past decade or so.
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9 proposed regulations, 23 final regulations, 103 agency notices in today's 238-page Federal Register.
New York friends: I have a few free hours in Manhattan tomorrow. Any used bookstores, museums, or music stores near-ish the Empire State Building I should visit?
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Folks, please remember: the media is messing with your minds. To keep mental equipoise, ignore the headlines and look at the TRENDLINES.
"For a headline of average length, each additional negative word increased the click-through rate by 2.3%."
nature.com/articles/s4156
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👉 Do you have a passion for philosophy and economics? Look no further than #EssentialScholars
📺 🔊 The IEA has linked up with and to bring you a new series of podcasts, audiobooks, and videos on the most influential free market thinkers 👇
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This continues to be a national emergency and the FDA’s response is essentially “f those babies.”
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OH REALLY: "Baby formula 'getting harder' to find as supply dwindles, pharmacy owner warns" foxbusiness.com/lifestyle/baby
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Since robots started destroying all jobs, the number of US jobs increased by more than 130 million.
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Robots have been about to take all the jobs for 100 years:
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