Category Archives: Correspondence

Regulation, Jobs, and Creating Wealth

Posted on February 15, 2012 | Comments Off on Regulation, Jobs, and Creating Wealth

Here’s a letter I recently sent to Businessweek:

Editor, Businessweek:

Elizabeth Dwoskin and Mark Drajem’s February 9 article “Regulations Create Jobs, Too” points out that regulation doesn’t so much create jobs as redirect them somewhere else.

Lobbying, politicking, and special favors are part and parcel of the regulatory process. The result is that many regulation-created jobs are not created on the merits. If a job requires a regulation to be created, that usually means the job it replaced created more value for consumers. Regulations may not destroy jobs on net, but they do destroy wealth.

Markets respect no special interest; agencies like the EPA and SEC exist solely to cater to them. This is wonderful for politically connected companies like Breen Energy Solutions and Nol-Tec Systems, but the rest of us are poorer for it.

Ryan Young
Fellow in Regulatory Studies
Competitive Enterprise Institute
Washington, D.C.

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Posted in Correspondence, Economics, regulation

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Free-Market Fundamentalism

Posted on December 8, 2011 | Comments Off on Free-Market Fundamentalism

This letter of mine in response to Andy Stern’s recent op-ed ran in today’s Wall Street Journal:

If America is indeed a free-market fundamentalist nation, it sure has a funny way of showing it. Federal, state and local governments combine to spend roughly 40% of GDP, and that doesn’t count the cost of compliance with federal regulations.

In his eagerness to attack free markets, Mr. Stern has confused the mixed economy’s crony capitalism with the real thing.

Ryan Young
Competitive Enterprise Institute
Washington

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Posted in Correspondence, Economics, regulation, Spending

What Free Market?

Posted on December 5, 2011 | Comments Off on What Free Market?

Here’s a letter to The Wall Street Journal:

Editor, The Wall Street Journal:

Andy Stern’s December 1 op-ed, “China’s Superior Economic Model,” blames America’s free-market fundamentalism for its economic troubles.

If America is indeed a free-market fundamentalist nation, it sure has a funny way of showing it. Federal, state, and local governments combine to spend roughly 40 percent of GDP. Washington indirectly spends another 12 percent of GDP by forcing businesses and consumers to comply with $1.75 trillion worth of federal regulations.

In his eagerness to attack free markets, Mr. Stern has confused the mixed economy’s crony capitalism for the real thing.

Ryan Young
Competitive Enterprise Institute
Washington, D.C.

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Posted in Correspondence, Economics

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Missing the Bigger Story

Posted on December 2, 2011 | Comments Off on Missing the Bigger Story

Here’s a letter I recently sent to the Washington Post:

Editor, Washington Post:

Anita Kumar’s November 29 Virginia Politics blog post “McDonnell recommends eliminating agencies, boards, commissions” incompletely details Virginia Gov. Bob McDonnell’s “ongoing effort to reshape and shrink state government.” By deregulating three professions, eliminating two state agencies, and merging 19 others, $2 million could be trimmed from the commonwealth’s budget if the legislature approves the proposal.

She does not mention that Virginia’s budget is set to increase by $1.1 billion in 2012. This new spending outweighs the proposed cuts by a factor of 550. Gov. McDonnell may be modestly reshaping government, but he certainly isn’t shrinking it.

Ryan Young, Washington
The writer is a fellow at the Competitive Enterprise Institute.

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Posted in Correspondence, Economics, Spending

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Let Me Be Clear

Posted on November 29, 2011 | Comments Off on Let Me Be Clear

Here’s a letter I sent to Politico:

Editor, Politico:

Jonathan Allen’s November 28 article, “Mandatory budget cuts after supercommittee failure will trigger pain for some,” is misleading. A cut is when spending goes down. Federal spending will go up every year for at least the next ten years, even with the supercommittee’s failure to reach a bipartisan agreement.

According to the Congressional Budget Office, defense spending is projected to increase by 18 percent between 2013 and 2021. Discretionary spending is set to increase by 12 percent over the same period. These increases are lower than previous projections. But they are still increases. And an increase is not a cut. Not even in Washington.

Ryan Young

See also the chart below that the Mercatus Center’s Veronique De Rugy put together using CBO data. I can’t put it more plainly: there are no supercommittee-related budget cuts. Stop saying that there are.

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Posted in Correspondence, Economics, Spending

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Did Spending Cuts Cause the UK Riots?

Posted on August 15, 2011 | Comments Off on Did Spending Cuts Cause the UK Riots?

Here’s a letter I recently sent to The New York Times:

TO THE EDITOR:

 Richard Sennett and Saskia Sassen worry in their August 11 op-ed that government spending cuts may be causing the UK riots. They also hint at what that could imply for the U.S.

A problem with their argument is that government spending in the UK has gone up sharply over the last decade. Government spending there is currently about 45 percent of GDP. In 2000, it was only 34 percent. There were no riots then.

A similar story has played out in America. When President Clinton left office, federal spending was 18 percent of GDP. Now it is 24 percent.

If spending cuts cause riots, then we should have nothing to worry about. The fact that we do means something else must be behind the looting.

RYAN YOUNG
Washington, D.C. Aug. 11, 2011
The writer is a fellow at the Competitive Enterprise Institute.

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Posted in Correspondence, Spending

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What Shrinking Government?

Posted on August 6, 2011 | Comments Off on What Shrinking Government?

I have a letter to the editor in today’s Washington Post:

Richard Cohen fretted that Tea Party activists have “shrunk the government.” He need not worry. Federal spending has gone from $2.9 trillion in 2008 to $3.8 trillion in 2011. Thirty percent spending growth in three years is hardly shrinkage. Even under the Boehner plan, federal spending will continue to increase every year for at least the next decade.

Meanwhile, federal agencies continue to finalize more than 3,500 new regulations per year. They repeal almost none, no matter how loud the Tea Party’s howls.

If anything, Tea Party activists have been devastatingly ineffective at shrinking government. Mr. Cohen can rest easy.

Ryan Young, Washington

The writer is a fellow at the Competitive Enterprise Institute.

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Posted in Correspondence

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The Washington Version of Spending Cuts

Posted on November 10, 2010 | Comments Off on The Washington Version of Spending Cuts

Here’s a letter I sent to Politico:

Editor, Politico:

The title of your November 10 article, “Panel leaders propose Social Security cuts,” is inaccurate. A cut is when spending goes down. Social Security spending will go up if Erskine Bowles and Alan Simpson’s recommendations are enacted. They would increase spending at a slower rate than under current policy. But it would still increase.

An increase is not a cut. Not even in Washington.

Ryan Young
Fellow in Regulatory Studies
Competitive Enterprise Institute

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Posted in Correspondence, Economics, Spending

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Responding to Media Matters

Posted on July 14, 2010 | 1 comment

Apparently the folks at Media Matters didn’t care for my July 12 article in the Daily Caller debunking the cell phone cancer scare.

The trouble is, I’m not quite sure why. They never say. Jamison Foser’s blog post doesn’t touch a single argument I made in the article. Instead he attacks me personally, as well as CEI. For all I know, he agrees with everything I said. Or maybe he disagrees. I don’t know.

His main point is that corporate funding makes arguments untrustworthy. Since CEI receives some corporate funding, we are therefore suspicious. This is not a rigorous line of thought. Arguments are either right or wrong. The presence or absence of corporate funding has nothing to do with whether an argument is right or wrong.

There is also the matter of Media Matters’ own very generous corporate donors, which Foser does not address.

Media Matters’ fixation on corporate funding is an easy way for them to avoid genuine intellectual engagement. It is a diversion. If you are unable to attack the argument, then attack the person making it.

This ad hominem attack deserves a rebuttal. The Daily Caller was kind enough to run mine this morning. I hope you will take a few minutes to read it.

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Posted in Argumentation, Correspondence, Everybody Panic, Philosophy, Publications, The Partisan Mind

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Unintended Consequences of Unemployment Benefits

Posted on July 8, 2010 | 1 comment

This letter of mine ran in today’s New York Times in response to Paul Krugman’s July 4 column.

To the Editor:

Paul Krugman is at a loss to explain why some people oppose extending unemployment benefits. One reason people hold such an opinion is that when government subsidizes something, there tends to be more of it.

The more government subsidizes unemployment, the more people will indulge in it for longer periods of time.

Ryan Young
Washington, July 6, 2010

The writer is a journalism fellow at the Competitive Enterprise Institute.

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Posted in Correspondence, Economics, Price and Wage Controls, Publications, Spending

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