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Category Archive for 'Regulation'

Let me get this straight. When it comes to Lyft and Uber, we must deeply care about the existing regulated incumbents. And of course, rather than calls to ease up the burdens on the very regulated taxi industry, all I’ve run across are calls to put the shackles (in the name of fairness and safety […]

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Maybe we will take such a principle seriously when it is consistently applied – such as to when the government regulates market activity, or in how much power to entrust to the politicos in the first place. But of course as Obama Administration official Cass Sunstein smartly recognizes: The precautionary principle has been highly influential […]

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I’m not in the mood to rant and rave about this silliness, especially since we here at the Wintercow Brewing Company partake in a very “small scale” version of the same: In Maine and across the country, brewers and farmers have formed handshake agreements: Brewers brew beer, producing barrels or truckloads full of heavy, wet […]

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Alex Tabarrok reports today: Excellent piece in the Washington Post on the FDA and sunscreen: …American beachgoers will have to make do with sunscreens that dermatologists and cancer-research groups say are less effective and have changed little over the past decade. That’s because applications for the newer sunscreen ingredients have languished for years in the bureaucracy […]

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Among some of the most unproductive questions I am asked regularly include questions of the type, “are you in support of XYZ?” As if XYZ is some monolithic, black and white, easy to understand and represent with the word XYZ, thing. Of course, it is not. So, in the past I’ve been very evasive when […]

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In Klingian Macroeconomics, this episode (it’s more than an episode, we need a better word) is what we mean by the bottom-left quadrant:  At midnight on December 31, I not only drank a toast to the new year, but also to finally getting all my business operations out of Ventura County, California. Never have I […]

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Last week, former CEA Chair and current Harvard economist Greg Mankiw points us to yet another rhetorical flourish by the Commander in Speech: The CEA Fact Checkers Miss One In his speech yesterday, President Obama said, Now, we all know the arguments that have been used against a higher minimum wage. Some say it actually hurts low-wage […]

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I don’t like to comment too much on the daily politics that makes for much of the news headlines. So, I don’t have anything to offer you here on the ObamaCare vote itself, or the politics of the Syrian problem and so forth. But I am very intrigued by some of the commentary on it. […]

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Our entire series on Being Removed from Polite Company could be populated with Ronald Coase stories. By now I am sure most readers of TUW would have read something about Coase’s life since he passed away earlier this week, including the story of how both he and James Buchanan (both Nobel Prize winners of economics) […]

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We’re staying at a condo right now here in the People’s Republic of the Berkshires. It occurs to me that the rich folks who built second homes here might be environmental Heros rather than demons, at least a little. How? These condos use a lot of lumber that was grown for the purpose of building […]

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