From the Cover
Is ‘Bidenomics’ Just ‘Bidenology’ or ‘Trumpology’?
Biden’s ideology on economics often resembles his predecessor’s, though reoriented to embrace Democratic Party sacred cows.
Behind the Issue
Unintended Consequences
The Podcast of Regulation
Peter and Paul discuss three topics – adulterated whiskey, Texan electricity, and Brandeisian antitrust – with one core theme: government action under political pressure is a poor substitute for market discipline. With special guests Macy Scheck and Daniel Smith.
Revising Circular A-4
Revising Circular A‑4: Introduction
More timely and accessible analysis would help the potentially affected parties understand the potential consequences of a proposed rule and work with the government to minimize its cost or maximize its efficacy
VSL and Labor Market Competition
It is useful to review how labor markets work. Jobs have many different attributes, including the wage rate and the fatality rate. Workers considering jobs will face a variety of employment possibilities.
Using A‑4 to Make Regulatory Analysis Easier to Understand
The new Circular A‑4 should facilitate transparency and act as an input to regulatory agency decision-making rather than to simply support existing agency decisions.
Better Regulatory Review and Public Participation
Good, effi cient, and eff ective regulation results from a collaborative process in which all interested parties have a voice throughout the entire process.
Features
Straight Whiskey and Bad Regulation
The 1906 Pure Food and Drugs Act’s extension to whiskey was intended to protect distillers, not consumers.
The Texas Electricity Two-Step
In reacting to Winter Storm Uri, did the state return to unnecessarily costly supply?
OPEC Theater
Does the much-maligned cartel really have the market power it’s claimed?
