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Regulation
A Category Archive (44 entries)
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November 14, 2009
Regulation
David Henderson
That's not the headline, of course. The headline in the New York Times is, "F.D.A. Says It May Ban Alcoholic Drinks With Caffeine." When I read it, I thought, "Oh, no. The FDA is about to ban rum and coke."... MORE
November 11, 2009
Economics of Health Care
David Henderson
An excellent news story in today's New York Times highlights the problems with government regulation of health insurance in Maine, problems that, the reporter notes, would likely occur if the U.S. Senate's and the U.S. House of Representatives' versions of... MORE
November 8, 2009
The paper concludes that the probability of default by the GSEs is extremely small. Given this, the expected monetary costs of exposure to GSE insolvency are relatively small -- even given very large levels of outstanding GSE debt and even... MORE
November 7, 2009
Regulation
David Henderson
As Bryan has mentioned, Monday, November 9 will be the 20th anniversary of the fall of the Berlin Wall. In Chapter 3 of my book, The Joy of Freedom: An Economist's Odyssey, I tell that story and integrate it with... MORE
November 5, 2009
Regulation
David Henderson
The Broward Sherriff's Office is engaging in entrapment operations to catch unlicensed contractors. On this tape, at about the minus 1:45 point, Detective Daniel Belyeu explains that right now many people are desperate for work. His solution? Make them more... MORE
Economics of Health Care
David Henderson
My student, Mike Williams, sent me the following last night: I don't know if you watch Law and Order Special Victims Unit but they had a rather frustrating take on the pharmacutical companies tonight. In the episode one of their... MORE
October 11, 2009
Regulation
David Henderson
This morning, after a highly-productive Liberty Fund seminar in Santa Fe, I went over to Pasquale's for breakfast. I sat with a woman who runs a Mexican restaurant in a small town in Colorado. We talked about various things, including... MORE
September 26, 2009
Regulation
David Henderson
An Indiana woman was recently charged with a crime for buying cold medicine. It's due to a bill signed by that great believer in freedom, George W. Bush, in 2006. Many state governments, including Indiana's, followed suit with their own... MORE
September 23, 2009
Regulation
David Henderson
From yesterday's Wall Street Journal, two good old-style news stories on the consequences of regulation. To Outfox the Chicken Tax, Ford Strips Its Own Vans BALTIMORE -- Several times a month, Transit Connect vans from a Ford Motor Co. factory... MORE
September 21, 2009
Regulation
David Henderson
Not the Fed, as in Bernanke, but the Feds, as in the federal government. Here are excerpts from an AP news story that just came in: The government is investigating a major insurance company for allegedly trying to scare seniors... MORE
September 20, 2009
Tyler's complex pluralistic take on local regulation perplexes Matt Yglesias:[W]hy on earth isn't the libertarian take on this that we should permit high density construction and let the market decide what happens? The answer to Matt's question is surprisingly simple. ... MORE
September 18, 2009
Regulation
David Henderson
The Wall Street Journal reports the following today: Policies that set the pay for tens of thousands of bank employees nationwide would require approval from the Federal Reserve as part of a far-reaching proposal to rein in risk-taking at financial... MORE
September 7, 2009
Now that my baby situation is under control, I'm ready to respond to Matt Yglesias. Last week, he wrote, "Bryan Caplan specifically cites America's large houses and ample parking spaces as the benefits of our free market approach when they... MORE
August 26, 2009
Regulation
David Henderson
My Hoover colleague, Thomas G. Moore, has a letter on his office wall from Senator Kennedy thanking him for his contributions to transportation deregulation. As many bloggers have noted (here and here), the late Senator Kennedy had a large role... MORE
July 16, 2009
Regulation
David Henderson
In the latest issue of Regulation, my review [.pdf] of Jeff Madrick's The Case for Big Government appears. One of my favorite grafs: If economic freedom works, he argues, our economy should be doing very well because we have had... MORE
July 8, 2009
Regulation
David Henderson
To save money for consumers, Waxman is willing to allow certain drugs, called biologic drugs, to enter the market without clinical testing that proves their efficacy. He realizes that requiring clinical testing for efficacy will slow things down and needlessly... MORE
June 25, 2009
Regulation
David Henderson
FTC Takes First Step in Regulating Internet Alarming Development on Internet Catches Government's Attention What some fail to realize, though, is that such reviews can be tainted: Many bloggers have accepted perks such as free laptops, trips to Europe, $500... MORE
June 13, 2009
Regulation
David Henderson
The New York Times today carries a story about how the Federal Reserve Board is making decisions about who gets loans and who doesn't. The reporter, Edmund Andrews, writes: But the financial crisis has drastically changed the role of the... MORE
June 2, 2009
Regulation
David Henderson
Today's Wall Street Journal carries an article that highlights how strange regulation can be. Before reading, recall that one of the major alleged goals of regulation of cigarettes was to handle the problem of second-hand smoke. The idea was that... MORE
May 22, 2009
Regulation
David Henderson
The essence of price theory is that relative prices affect allocation and that various shifts in supply and demand, mandated or otherwise, affect relative prices. On Wednesday, I posted on the short-term auto boom that Obama's proposed fuel-economy standards, if... MORE
May 19, 2009
Here's a bizarre set of predictions about the effect of new credit card regs:...Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And... MORE
April 28, 2009
Regulation
David Henderson
In today's Wall Street Journal, travel reporter Scott McCartney has a story that is rife with unintended consequences of government policies. Titled "From Paradise to Hellish Hours on the Tarmac," it's a story about passengers kept on Delta flight #510... MORE
April 15, 2009
Regulation
David Henderson
Democratic Senator Jay Rockefeller has introduced a bill that would give presidents the power to shut down the Internet. It was introduced on April 1, but it appears to be serious. According to the eweek article above: According to the... MORE
April 1, 2009
Regulation
David Henderson
His view is that most people who complain about Spirit fail to grasp how it's different from other airlines -- like visiting Wal-Mart and expecting Nordstrom-level service. You want Spirit's fares? You'll have to play by Spirit's rules. This is... MORE
March 28, 2009
Regulation
David Henderson
Kiss the Emperor's Ring The Dallas cop who prevented the NFL player from seeing his mother-in-law before she died has gotten a lot of press. Various people have taken various sides. Bill O'Reilly, true to form, said last night that... MORE
March 22, 2009
Fiscal Policy
David Henderson
Last Wednesday, I did a 23:00 minute interview on MCAM TV23 in New Hampshire. I can't tell the ideology of these two interviewers, which I find refreshing because at the same time they do have strong views. We talked about... MORE
March 20, 2009
I just finished watching my DVR of President Obama on NBC's "The Tonight Show with Jay Leno." There were some interesting highlights. Of course, Obama was charming: he does that very well. If I judged him only by looks, tone,... MORE
March 11, 2009
My favorite Wall Street Journal writer, Holman W. Jenkins, Jr., has an excellent piece today on Buffett's views of Mark-to-Market. It seconds what I quoted Less Antman saying last week and what commenter Patrick Sullivan pointed out. Sullivan linked to... MORE
February 23, 2009
Public Choice Theory
David Henderson
Yesterday, Shaun Donovan, the secretary of the Department of Housing and Urban Development, was on Face the Nation to defend President Obama's bailout program for mortgage holders. The questioner, CBS's Bob Schieffer, asked some good questions. One of his best... MORE
February 17, 2009
Regulation
David Henderson
Today, the Wall Street Journal published two excellent letters on the mark-to-market regs that banks are under. IMO, too little has been written about this by economists. The second letter tells a horror story; the first makes a constructive suggestion... MORE
February 12, 2009
Regulation
David Henderson
The best sentence of the day: "If the drug effort were failing there would be no violence," a senior U.S. official said Wednesday. In other words, the fact that there is violence in Latin America means the drug war is... MORE
January 29, 2009
Regulation
David Henderson
On a recent talk show, I made the point that although Obama's fiscal "stimulus" is likely to destroy wealth, at least he is not making four major mistakes that Herbert Hoover and FDR made: (1) substantially raising tariffs (Hoover with... MORE
January 25, 2009
Politics and Economics
David Henderson
In my latest Forbes.com article (co-authored with my book co-author Charles Hooper), I (we) take on Naderite Sidney Wolfe's views on safe drugs and on conflicts of interest. We point out that despite Wolfe's view that consultants to drug companies... MORE
January 18, 2009
Regulation
David Henderson
With Martin Luther King day being celebrated tomorrow, it's appropriate to read or reread his "Letter from Birmingham Jail,'' written in April 1963. Some powerful passages are below. On why he went to Birmingham even though he wasn't from Birmingham... MORE
January 11, 2009
Central Planning vs. Local Knowledge
David Henderson
In coastal California, where I live, various cities have weekly publications that are distributed at a zero price, have a cutting-edge, vaguely (sometimes explicitly) leftist slant, and almost always are uncritically "environmentalist." They rarely take on any policy that most... MORE
December 31, 2008
Energy, Environment, Resources
David Henderson
My favorite Wall Street Journal columnist, Holman W. Jenkins, Jr., has another good column today on how the Corporate Average Fuel Economy law hampers the Detroit-based auto companies (note: not the U.S. auto industry.) Jenkins points out that in an... MORE
December 21, 2008
Regulation
David Henderson
Lesley Stahl did a moderately good job on "60 Minutes" this evening in her story on the Transportation Security Administration (TSA). Why good and why just moderate? Good for two reasons. First, she actually interviewed a critic who pointed out... MORE
December 10, 2008
Regulation
David Henderson
On Meet the Press last Sunday, President-elect Obama showed some of his fuzziest thinking and some of his clearest thinking on economics. First the bad. In a discussion of the auto industry, interviewer Tom Brokaw said: As soon as gas... MORE
December 7, 2008
Regulation
David Henderson
In the latest issue of the Cato Institute's Policy Report, I have the lead article. It's title: "Are We Ailing from Too Much Deregulation?" In it, I quote from articles by Los Angeles Times reporter Peter Gosselin and Washington Post... MORE
November 16, 2008
Regulation
David Henderson
On CBS's "60 Minutes" this evening, almost the whole time was devoted to an interview with Barack and Michelle Obama. They are an incredibly charming couple and it's hard not to like them, especially him. But at the end, interviewer... MORE
November 15, 2008
Regulation
David Henderson
That should have been the headline on George W. Bush's op/ed in today's Wall Street Journal. The title the Journal gave it is "The Surest Path Back to Prosperity." And the decline (that's the line underneath the title that sums... MORE
November 6, 2008
Regulation
David Henderson
My favorite writer/thinker at the Wall Street Journal, Holman Jenkins, had a marvelous article yesterday on how to save Detroit. His solution is to tweak CAFE standards. CAFE, you might recall, stands for Corporate Average Fuel Economy. Imposed by President... MORE
October 31, 2008
Regulation
David Henderson
My co-author and former student, Charles Hooper, has written an excellent article on today's Forbes.com. In the article, Hooper calls himself a "drug killer," telling why he advises firms to "kill" even drugs that have promising uses. Here's a quote:... MORE
October 27, 2008
Economics of Health Care
David Henderson
Economists often talk about Pareto-optimal moves, that is, changes in policy that make some people better off without making anyone else worse off. But we have trouble coming up with any real examples. It's an easy exercise to show that... MORE
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