The next time a cashier asks “paper or plastic?” think of Abbie Schoenwetter. He spent more than six years in federal confinement for shipping lobster in plastic instead of cardboard. There’s no American law against doing so. But thanks to a vague, overly broad, and otherwise unjust federal criminal law, …
Not many people know the meaning of “swap” (as in a financial hedge, not flea market). Only the most sophisticated investors actually understand the complexities of buffering risk by exchanging cash flows. Under Dodd–Frank, however, federal regulators have been tasked with assuming control of this market, in which hundreds of …
Three House committees have added up the total hours of burden that Obamacare’s regulations will cost Americans: over 127 million hours per year of paperwork. Federal law requires agencies to estimate the paperwork burden created by rules and regulations, so the estimates for hours of burden come from the Obama …
