The economic theory of “creative destruction” is important when understanding the value innovation has on long-term economic growth. Popularized by Austrian economist Joseph Schumpeter, the theory says the short and long-term benefits of entrepreneurial activity and competition will far outweigh the short-term losses caused by a new product replacing an …
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 …
Palm Beach State College activities director (and Michael Moore Facebook fan) Olivia Morris-Ford is on camera shutting down a Young Americans for Freedom booth during the school’s rush week earlier this month. The reason? The students were handing out Heritage research at a student event. Specifically, it looks like the …
At the Internet Governance Forum meeting earlier this week in Vilnius, Lithuania, Rod Beckstrom, President and Chief Executive Officer of Internet Corporation for Assigned Names and Numbers (ICANN) expressed his concern and worry about efforts by some governments to constrain the independence of the Internet at the upcoming U.N. General …
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 …
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 …
It’s rather ironic that the activists who routinely lament government’s failure to protect public health are among the most vociferous proponents of expanding government powers. This month’s massive egg recall, involving more than 500 million eggs from two Iowa farms, is but the latest example. The recall, initiated August 13, …
On July 21, when President Barack Obama signed the Dodd-Frank financial regulation bill, he promised: “There will be no more taxpayer-funded bailouts. Period.” How long will this Obama promise last? Well, The New York Times reports today that “the Obama administration on Wednesday pumped $3 billion into programs intended to …
