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  • Red Tape Rises Again: Cost of Regulation Reaches $1.75 Trillion

    How much does federal regulation cost Americans each year? The question is not an easy one. While the revenues and expenditures of the government are budgeted and accounted for each year, the costs of regulation are largely hidden from view, paid for indirectly via higher prices, fewer choices, and less … More

    Zoning Out of Wireless: Local Red Tape and Cell Phones

    Americans are increasingly cutting the cord on their phones. By the most recent estimates, 40 percent Americans rely primarily on their wireless phone for voice calls, and most of those don’t have a wireline phone at all. But don’t count me in that number. It’s not that I wouldn’t like … More

    And Then There Was Light: Will Energy-Efficient Light Bulbs Increase Energy Use?

    It seemed so simple: To reduce energy use, Americans must abandon the old-fashioned incandescent light bulb in favor of new energy-efficient lighting. Congress even passed legislation in 2007 mandating a phase-out of the familiar “Edison” bulb in the name of saving energy. Now comes a study concluding that energy-efficient lighting … More

    FCC’s Neutrality Regulation Express Sidetracked

    The FCC’s plans for regulating the Internet through “neutrality” regulation—once considered on a fast track—was sidetracked once again yesterday as the agency announced a new round of public comments on possible regulation. It is one more twist in the drama that net neutrality has become, at least for those who … More

    A Google-Verizon Truce On Internet Regulation?

    Google and Verizon, two of the leading antagonists in the long-running drama over FCC net neutrality regulation, may be about to call a truce.   According to numerous media reports, the two firms have or will soon agree to a compromise framework for regulation, which would provide for a limited degree … More

    Free Lunches and Foodfights: Fannie and Freddie Say 'No' to Greens

    Fannie Mae and Freddie Mac are not known for overly cautious mortgage financing. To the contrary, their open wallets helped fuel the credit crisis of 2008, and drove the two into federal receivership. To date, taxpayers have paid some $145 billion to keep them afloat, with no end in sight. … More

    Linguistic Gerrymandering: The FCC Moves to Regulate the Internet

    It’s been a bad week for the rule of law. First, President Obama — without any apparent legal authority — “informs” BP that it is to hand over $20 billion into an escrow fund, or else. Not to be outdone, the Federal Communications Commission this morning voted 3-2 to take … More

    Free Markets in Escrow: Obama to "Inform" BP to Pay Into Fund

    Today at 12:15, President Obama is scheduled to meet with a delegation from BP — including its CEO Tony Hayward — at the White House. The encounter should be tense. The stage was set for the meeting last night when the president, in no uncertain terms, told the nation that … More

    Financial Regulation: Small Business, Little Role

    It’s a small issue, but a telling one. As the Senate continues to debate financial regulation, two senators — Olympia Snowe of Maine and Mark Pryor of Arkansas — have proposed an amendment to ensure that regulators consider the effects of new rules on small businesses. Specifically, the two would … More

    No-More-Bailouts Bill Springs a Leak: Fannie and Freddie Ask for More

    Supporters of Sen. Chris Dodd’s financial regulation bill say it will end financial bailouts. In fact, the Senate — anxious to reassure Americans on that fact — even added an amendment last week with a stated purpose “[t]o prohibit taxpayers from ever having to bail out the financial sector.” But … More