Casey Mulligan, E21
The myriad deregulatory actions of the Trump administration are generating considerable cost savings, savings that even conservative critics of regulatory overreach are underestimating. Like the Grand Canyon, the vast scale of these deregulatory efforts (and their results) is hard to fathom. In just three years the administration has reversed hundreds of regulations, many of which drone on for hundreds of pages. And it’s done so without fear or favor. Many of the regulations reversed had been written and implemented at the behest of special interests, including large banks, trial lawyers, major health insurance companies, big tech companies, labor unions, and foreign drug manufacturers. Read more here.... (Photo: Drew Angerer/Getty Images)
Old Energy, New Boom
Digital traffic will fuel the next dramatic economic expansion—but digital machines need the reliable and affordable energy that only hydrocarbons can provide.
Christopher Caldwell’s new book argues that, for the past half-century, the U.S. has been effectively living under two competing constitutional regimes.
January 24, 2020
Jonathan Meer, E21
The New York Times’ editorial board recently added its voice to the chorus of calls for a $15 per hour federal minimum wage. The justifications include a grab-bag of unsupported claims including the notion that companies can simply pass along higher labor costs through prices—ignoring the effects that higher prices have on consumer purchases, which would then reduce the demand for the labor that produces those goods and services. The editorial also dismisses the possibility of firms substituting capital for labor through automation, ignoring the growing evidence that minimum wage increases lead to exactly such decisions. Read more here....
Nicole Gelinas, City Journal
Jim Bianco, Bloomberg