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Financial Regulators Snub A Nobel Prize Economist

No, it’s not Paul Krugman – though that would have been a good guess. Salon reports that this particular economist has apparently been blacklisted by government regulators because his candor, integrity, and outsideriness scares the bejeezus out of the entire financial industry. If the government were creating a new panel to advise on financial regulation, […]

OK, that’s a picture of a cronut, not a cromnibus, but there is no question about which one is tastier.  My latest column talks about why we had better get used to the type of horse-trading represented in the cromnibus though. The debate over the cromnibus will be replayed on a larger scale from October […]

My latest column from The Hill argues that if Republicans carry the Senate next week, President Obama will find it harder to issue regulations to protect the environment and public health. While we can expect that few pieces of legislation will make it through Congress and be signed by the president, one exception is the […]

Too Many Regulations?

That is the question I address in my latest Hill column: Businesses face a myriad of requirements from federal, state, county and local governments. Many of these regulations produce benefits that justify the cost of compliance. But collectively they may impose a hidden cost that could deter businesses from opening or stifle their growth. Regulatory […]

Combatting Corporate Flight

The Obama Administration yesterday made a significant announcement on deterring corporations from hiding their assets overseas: Treasury Secretary Jacob J. Lew announced rules on Monday that are aimed at making it more difficult for American companies to lower their tax bills by relocating overseas and that would wipe out the benefits for those that do. […]

Do Regulations Hurt The Poor?

Paul Ryan thinks so.  In my latest column for The Hill, I evaluate his legislation: Once benefits are included in a distributional analysis, and we recognize that most of the rules that would be deemed regressive also fail a more general benefit-cost test already in place, the number of regulations likely to be affected by […]

Republicans love to say that regulation is costing the economy billions of dollars and thousands of jobs.  But estimates are all over the place. …the cost of any particular regulation is often described differently by the agency, by outside parties, and by agency critics in Congress. For example, a regulation issued in 2012 curbing mercury […]

The regulations proposed last month to combat emissions from existing power plants were a critical step toward combating climate change. But the regulations are a long way from taking effect.  In a column for the Hill today, I discuss the long path forward and also how this path ensures that if the regulations are finalized, […]

It could happen in Europe, and a 350 pound man is at the center of the story. And maybe it should happen in the United States. At the center of the case is child-minder Karsten Kaltoft, an obese man who was fired from his job in Denmark for being deemed too large to adequately perform […]

Another Victory For EPA

Two weeks ago the EPA won a big victory when the D.C. Court of Appeals upheld their regulation of mercury emissions.  Today it was the Supreme Court upholding another huge environmental regulation. The Supreme Court on Tuesday in a 6-2 decision upheld a rule that allows the Environmental Protection Agency to regulate power plant air […]

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