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    Time to Stock Up on Incandescent Bulbs Before They Go Out Permanently

    If your New Year’s resolution is to change your light bulbs, don’t worry—the federal government’s here to help. Beginning January 1, 2014, the federal government will ban the use of 60-watt and 40-watt incandescent light bulbs. The light bulb has become a symbol in the fight for consumer freedom and … More

    All I Want for Christmas Is an On-Demand Uber Ride

    Taxi and limousine companies must wish they themselves had thought of Uber, an app-based service that connects drivers with passengers and eliminates the need for cash payment. Uninhibited by the regulatory hurdles that plague conventional taxi service (if you can call it “service”), Uber is revolutionizing urban transportation. Uber is … More

    What Capitalism's Critics Get Wrong

    Attacking capitalism never seems to go out of style. Over the past 100 years, few institutions have been attacked so fiercely, so falsely and so foolishly. Yet capitalism’s resilience continues. Governments based on the idea that capitalism is evil and that the state can create wealth by controlling an entire … More

    What Bitcoin Tells Us About Economic Freedom

    Chinese regulators are cracking down on Bitcoin, the anonymous open-source virtual currency. Officials at China’s central bank announced this week that they were banning all third-party payment processors from accepting Bitcoin, effectively shutting down the exchanges they are sold on. This is nothing new. Regulators have been interested in Bitcoin … More

    Bankruptcy Is Better Than a Bailout

    Today Senators John Cornyn (R–TX) and Pat Toomey (R–PA) introduced the Taxpayer Protection and Responsible Resolution Act to begin repairing some of the damage caused by the Dodd–Frank regulations. The 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act increased regulations on virtually every aspect of the financial sector and … More

    The Fed at 100: Why Do We Have a Central Bank?

    The Federal Reserve, the U.S. central bank, is surrounded by as much controversy today as it was at its creation 100 years ago. The Fed has never been short on critics, but the anti-Fed movement has even gained traction inside Congress, according to a recent National Journal article. The Fed’s … More

    Baucus Continues Losing Streak with Energy Tax Reform Draft

    Chairman of the Senate Finance Committee Max Baucus (D–MT) released a draft bill to reform the way the tax code treats energy. This latest draft reform plan misses the mark, just like his earlier efforts on international tax and depreciation did. Baucus claims that his plan would stop the tax … More

    Union Integrity Act Protects Whistle-Blowers

    Last year, four truck drivers talked to federal investigators about safety problems at Gaines Motor Lines. A week later, they were fired. Now the Department of Labor has ordered Gaines Motor Lines to reinstate these whistle-blowers and pay more than $1 million in back pay and damages. While the law … More

    Revisionist History: Absolving Fannie Mae and Freddie Mac

    A newly released book, The Mortgage Wars, aims to rewrite history and absolve Fannie Mae and Freddie Mac of having any part in the financial crisis. Written by former Fannie Mae Vice Chairman and CFO Tim Howard, the book blames the crisis on Alan Greenspan and Larry Summers. According to … More

    What the Government Got You This Year (in Pictures)

    Today, the Senate is set to pass the new U.S. budget deal in all its spend-tastic glory. Lawmakers have hemmed and hawed about making any cuts to spending, despite countless examples of ridiculous decisions that have wasted taxpayers’ money. So it’s timely that the office of Senator Tom Coburn (R-OK) … More