Tag: Regulation

Member Post

 

Nicole Gelinas and Howard Husock join Seth Barron to discuss New York’s landmark rent-regulation law and its potential impact on housing in the city and state. Lawmakers in New York recently passed the toughest rent-regulation law in a generation, imposing new restrictions on landlords’ ability to increase rents, improve buildings, or evict tenants. The bill made permanent the state’s existing […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

A California Assemblyman has introduced legislation that would ban paper receipts from being printed and given to customers unless the customer asked for a printed receipt. So I guess I’m behind the times. I thought California had an ongoing problem with wildfires and was staring down the barrel of a crippling pension problem. And had […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

My company used to contract with Sungard in Philadelphia for backup data-center services. Every year we would head to Philly laden with data backup tapes for our annual disaster recovery tests. The question arose, however, about Sungard’s capacity in the face of a black swan event in which hundreds of companies needed their facilities at […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Richard Epstein on Classical Liberalism, the Administrative State, Free Speech, and Silicon Valley Regulation

 

For this week’s Big Ideas with Ben Weingarten podcast, I had legendary classical liberal legal theorist and longtime professor at University of Chicago Law School and now at NYU Law — and prodigious Ricochet podcaster Professor Richard Epstein on the podcast to discuss among other things:

  • The role that Professor Epstein’s famous book, “Takings” played in Justice Clarence Thomas’ confirmation hearing — and then-Senator Joe Biden’s hectoring
  • Professor Epstein’s groundbreaking theories on private property rights, eminent domain and the Takings and Commerce Clauses
  • The practical argument against progressivism
  • Whether we should deconstruct the administrative state, and if so how to do it
  • The danger to free speech emanating from college campuses in a world of microaggressions, trigger warnings, de-platforming
  • The folly of regulating Silicon Valley social media companies
  • Classical liberalism versus socialism and libertarianism

You can find the episode on iTunes, everywhere else podcasts are found or download the episode directly here.

More

Some Thoughts About Facebook, Regulation, and Trade-offs

 

So Mark Zuckerberg is “actually not sure we shouldn’t be regulated.” The cynical take on that statement is that the Facebook founder and CEO is merely acquiescing to the inevitable and even realizes that regulation might actually help Facebook cement its market dominance. A big, successful business with tremendous financial resources has the ability to a) weather a regulatory storm and b) through lobbying influence the regulatory environment to its advantage.

Before Washington takes rash action against Facebook or other Big Tech companies, policymakers should think hard about the potential unintended consequences for competition and innovation. To start with the ridiculous — but something being mentioned on the Twitters — why not nationalize Facebook? Let the US Postal Service run it! Great idea if you want Facebook to be stuck in amber, never to improve or innovate. And what upstart would be allowed to compete against this new National Champion company? There’s also that $100 billion check taxpayers would be writing to Zuckerberg personally, unless we’re talking property confiscation. Moving on . . .

More

Member Post

 

Would mandatory liability insurance for gun owners violate the 2nd Amendment? Congress should realize private industry is in a much better position to regulate the consumer than the federal government and pass a single law: mandatory firearm insurance. Just as it is an offense to not have car insurance, the same approach should be applied […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

Richard Epstein opines on whether Donald Trump or Barack Obama deserves more credit for the current economic expansion, then tackles the policy agenda the president laid out in his State of the Union address. More

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

Victor Davis Hanson describes how Donald Trump is systematically dismantling the legacy of the Obama Administration … and explains why it’s paying such rich dividends for the country. More

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

John Stossel: Kids Aren’t Learning, So I’ll Teach Them

 

John StosselJohn Stossel joins the Whiskey Politics Podcast just as we were setting up at Freedom Fest (apologies for the few audio glitches). John spoke on regulations, entitlements, the ongoing drug war, the impact of legalization, why he despises Attorney General Jeff Sessions, and how to ensure future generations will be taught about the benefits of free markets. John can now be found on Reason TV and is focusing on teaching students basic economic principals at Stossel In The Classroom where students can get free DVDs.

For decades you have seen John appear on ABC News and Fox Business Channel preaching libertarian political philosophy and views on economics focusing on free markets. John has received 19 Emmy Awards and five National Press Club awards for excellence in consumer reporting. Stossel has written three books recounting how his experiences in journalism shaped his socioeconomic views, Give Me a Break in 2004, Myths, Lies, and Downright Stupidity in 2007, and No They Can’t! Why Government Fails but Individuals Succeed.

More

Member Post

 

America’s current medical care systems are terrible. Not the worst in the world by any means, but also not the most efficient in the world. I believe that one of the current problems is how medical care and medical care insurance interact. I see incentives for insurers to either provide as cheap or as little […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

David Spady on Regulations, California, the EPA, and Trump’s Executive Order

 

David Spady serves as Director of Government Affairs for Salem Communication Corp., a syndicator of leading conservative talk radio on over 2,000 stations which include Dennis Prager, Hugh Hewitt, Mike Gallagher, Michael Medved, Bill Bennett and 30 other talk show hosts. David is also State Director of Americans for Prosperity in California, a national grassroots organization focused on economic issues, free markets, and limited government.

Spady has been involved in political and media consulting for over 20 years. He is a columnist for Townhall.com and has appeared on numerous television news broadcasts including CNN, FOX News, ABC, NBC, CBS, and Inside Edition. His editorials have been published in a number of newspapers including the Wall Street Journal, the Los Angeles Times, and the Sacramento Bee. He is the producer of two documentary films, Wolves in Government Clothing, and No Water, No Farmer, No Food. We discuss regulations, the EPA, President Trump’s “2 for 1 regulation” executive order, and whether California can be saved.

More

Regulate Twitter as a Utility?

 

Should Twitter, Facebook, or Instagram be considered as Public Utilities and regulated accordingly? This was the question posed yesterday by Scott Adams, of Dilbert (and election 2016 prognostication) fame. Of course the question itself assumes that the existing regulation of utilities, in their operations and services, is already a good (or least a necessary) activity of government, and that regulation in turn requires us to define what a Public Utility is. Merriam Webster’s definition is, to my mind, unsatisfactorily circular:

a business organization (as an electric company) performing a public service and subject to special governmental regulationhttps://www.merriam-webster.com/dictionary/public%20utility

More

Member Post

 

Alright politicos, please translate this into hard consequences. President Trump immediately signed executive orders regarding enactment of Obamacare. But are these orders mostly symbolic? What are the actual effects?  More

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

There is now a device on the market that remotely orders a DJI Phantom drone (and maybe other brands as well, I dunno) to land. The device, called the DroneGun, can work from over a mile away. More

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

A few questions, only loosely related: Do we still rely on Middle Eastern nations to produce oil and natural gas? The US now has access to plenty without them. Also, the region has been in turmoil for years and yet I’m paying less than $2 per gallon, so even their impact on the world market doesn’t […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

Approximately 88% of US inflation is driven by four sectors: Health Care Education Real Estate Pharmaceuticals How’s all that regulation working out for y’all? More

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s growing community of conservatives and be part of the conversation. Get your first month free.

The Pitfalls of Management by Measurement

 

shutterstock_144543284The news is full of Wells Fargo’s follies since they got hit with fines totaling $185 million last week. What happened was a case of management by measurement. Wells Fargo employees were heavily pressured – including threats of job loss – to rack up customer “solutions,” which translate into selling additional services to the bank’s customers that included additional bank accounts and bank credit cards. In order to meet the strict quotas that management had imposed, employees opened accounts for customers without first receiving customers’ permission or informing them.

Though this practice was widespread (some 5,300 Wells Fargo employees have been fired since 2011 for opening fake accounts), it does not appear to have been the result of a conspiracy. Rather, it was an example of spontaneous order that emerged from employees acting in their own best interests — in this case, reducing the pain of management pressure — given the incentives and constraints imposed by the system. In an article appearing on Bloomberg, Matt Levine explains how this sort of thing happens:

More

Beet the System

 
Studies have shown that these sugar beets also contain significant amounts of hydrogen hydroxide.

Consumers and producers are capable of incredible folly. Consider, for example, the latest instance of anti-GMO hysteria: Under pressure from consumers, several major food companies — including Hershey’s Chocolate — have decided to only use “non-GMO” sugar. This is stupid for several reasons. To begin with, crystalline sugar does not contain any genetic material, in much the same way that a cat is not made up of several dogs. Indeed, attempts to correctly identify the source of table sugar have found that it’s refined to the point that it’s impossible to tell whether it came from sugar cane or sugar beets, let alone GMO whether or not they were GMO or not; it doesn’t just look identical, but actually is identical, down to the molecular level. Moreover, GMO sugar beets come in a single, well-understood variety that actually reduces pesticide use and increases yield.

This isn’t a market failure so much as a consumer one: People want to pay a premium for magic, and the market obliges them. That many of these same consumers will then cry murder about pesticide and land use is a sad but separate problem. On the other hand, the very same market can succeed when consumers aren’t actively misled, the government operates within a small scope, and producers are allowed to innovate. Via Ron Bailey, it appears that at least some uses of the CRISPR gene-editing technology don’t fall under the current rules that apply to GMOs (especially if there’s no genetic transfer from one organism to another). Upshot? Innovation from relatively small producers who don’t have to overcome nine-figure regulatory burdens:

More

Google Is a Monster, But We’re Dr. Frankenstein

 

shutterstock_14906359In 2013, the United States Department of Justice started a program called Operation Choke Point. Unable to ban industries they deem undesirable, they decided to make it hard or impossible for those industries to work with banks and credit card payment processors. Every single one of the now-undesirable industries, like adult entertainment, is legal.

Operation Choke Point categorized certain industries as “high-risk,” which had the effect of making fearful banks shut down accounts. The program is a way for the Administration to stifle or severely damage industries it simply doesn’t like. Unsurprisingly, the Administration’s biggest targets was the firearms industry. Operation Choke Point led to many banks shutting down the accounts of gun stores:

More

This Week in Federal Regulatory Takeover

 

“As the presidential primaries dominate the news, under the radar the Obama administration continues its unilateral assault on the economy and civil society. Consider the news from just this week.” So I wrote last month. Is it poor form to start a new post with exactly the same opening?

1. Yesterday, the Food and Drug Administration announced that they will extend tobacco regulations to e-cigarettes:

More