Crisis, Regulation

We Don’t Yet Live in a Police State. Or Perhaps We Do.

– April 1, 2020

Government advice is just that, good or bad and I grant that it is mostly sensible. But it is not for the police to misinterpret the law as they see fit or to enforce government advice.

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Regulation

The Best-laid Plans Often Go Astray, Even for Macroprudential Regulators

– March 24, 2020

The problem with this comment is its failure to be the least bit realistic. It ignores a basic fact: whatever plans regulators have in place for a financial crisis or for a pandemic causing financial distress or some other event causing financial distress–any plan, that is–will be wrong in important ways.

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Regulation

Governor Cuomo Endorses Price Gouging; Sign the Petition

– March 24, 2020

It is a back-handed “endorsement” of market principles from the governor of New York, but we will take it.

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Crisis, Regulation

Rethink the Disease-Spreading Hand Dryer in a Pandemic

– March 23, 2020

The effect is akin to setting off an airborne bomb of viruses and bacteria inside a restroom, with mounting evidence showing that they also quickly disperse throughout the attached buildings.

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Crisis, Regulation

Medical-Supply Nationalism Is Deeply Harmful, Even Deadly

– March 20, 2020

When there is a shortage of medical supplies, going out of our way to make them more expensive will hurt people. These are also not perishable goods – stockpiling them from efficient sources to be deployed in a future crisis seems like a safer bet than shiny new idle factories waiting to ramp up production when the next virus hits.

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Regulation, Video

Why Don’t Things Work Anymore? (Video)

– March 9, 2020

I enjoyed being on the show Full Measure to discuss government regulations on gas cans and other things like showers, toilets, dishwashers, hot water heaters, and so on. My first writings on this topic are from Bourbon for Breakfast and I’ve been writi …

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Capitalism, Regulation

Of Course Capitalism Can Save Nature

– March 6, 2020

Various schemes have turned rhinos and other scenic African animals from victims of the tragedy of the commons to valuable commodities that hunters and farmers and former poachers sustain, in no small part thanks to ecotourism.

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Regulation

Warren’s Legacy Lives on at the Ridiculous “Consumer Financial Protection Bureau”

– March 5, 2020

While Elizabeth Warren’s candidacy is over, her legacy and, more importantly, her politicized vision of rulemaking lives on in the Consumer Financial Protection Bureau. It’s easy to forget but in late November 2018, two government administrators showed …

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Crisis, Regulation

Anti-Gouging Laws Can Kill

– March 3, 2020

Much has been made in the media about the Surgeon General’s recent Twitter exhortation, “Seriously people – STOP BUYING MASKS! They are NOT effective in preventing general [sic] public from catching Coronavirus.” But what is usually left out is the res …

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Regulation

Emancipate the Workers, State by State

– February 28, 2020

The literature has long established that licensing requirements generally restrict the supply of services in the licensed industry by prohibiting some perfectly competent workers from working as providers.

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