CEI Podcast for March 27, 2014: Bait and Reciprocal Switch

tennessee-valley-railroad
Have a listen here.

CEI Fellow Marc Scribner talks about his new paper, “Bait and Reciprocal Switch: Forced Access Regulation Threatens the Rail Renaissance.”

How Regulations Cause Inflation

Over at GuerillaEconomics.com, I have a short piece explaining how regulations cause inflation:

Imagine a simplified economy that consists of just two things: 100 dollars and 100 apples, with the price of an apple being one dollar each. If new regulations pass that make it harder to produce apples, the next year there are only 90 apples produced. Their price goes up from $1 to $1.11.

Read the whole thing here.

How Many New Regulations?

The Daily Caller has a nice writeup of some of the numbers Wayne Crews and I have been digging up recently.

CEI’s Battered Business Bureau: The Week in Regulation

Red_Gas_Pump
It was a week like any other for regulations, with rules affecting everything from olive taxes in California to what types of gasoline are legal in Atlanta.

On to the data:

  • Last week, 67 new final regulations were published in the Federal Register. There were 84 new final rules the previous week.
  • That’s the equivalent of a new regulation every 2 hours and 30 minutes.
  • So far in 2014, 589 final regulations have been published in the Federal Register. At that pace, there will be a total of 2,945 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,415 new pages were added to the Federal Register.
  • Currently at 14,593 pages, the 2014 Federal Register is on pace for 72,965 pages, which would be the lowest total since 2009.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. 8 such rules have been published so far this year, two of them in the past week.
  • The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $616 million to $887 million. They also affect several billion dollars of government spending.
  • 59 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 121 new rules affect small businesses; 18 of them are classified as significant.

Highlights from selected final rules published last week:

For more data, see Ten Thousand Commandments and follow @10KC and @RegoftheDay on Twitter.

Slow News Day

Politico: U.S. Capitol’s exterior lights go dark

CEI Podcast for March 12, 2014: CEI Turns 30

Have a listen here.

The Competitive Enterprise Institute celebrates its 30th anniversary this month. Founder and Chairman Fred Smith reflects on CEI’s accomplishments and what the next 30 years will hold.

Regulations: The Tax You Don’t See

Over at Human Events, Lawson Bader and I have a piece pointing out that though taxes and budgets dominate the news, regulations are just as important:

One reason [regulation] gets so little attention is that most regulations are the technical, dry stuff that most people don’t care about until it affects them. For example, the business owner who is forced to spend thousands of dollars to move light switches to comply with Occupational Safety and Health Administration rules. Or the land owner who cannot build on his property because there’s a rare species of salamander also living there, lest he fall afoul of the Endangered Species Act.

Another reason is a lack of transparency. Many headline-worthy regulatory stories stay buried in difficult-to-access government documents, or are never disclosed at all. By way of contrast, in Congress, legislation is at least subject to public hearings and open floor debate. Lawmakers’ votes are a matter of public record that voters can take into account. Regulatory agencies face no such scrutiny.

Read the whole thing here.

CEI’s Battered Business Bureau: The Week in Regulation

Jaguar-Belize-Zoo
With another 84 new rules, regulations resumed their usual torrid pace for the second week in a row, and the Federal Register topped 13,000 pages.

On to the data:

  • Last week, 84 new final regulations were published in the Federal Register. There were 81 new final rules the previous week.
  • That’s the equivalent of a new regulation precisely every 2 hours.
  • So far in 2014, 522 final regulations have been published in the Federal Register. At that pace, there will be a total of 2,900 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,507 new pages were added to the Federal Register.
  • Currently at 13,178 pages, the 2014 Federal Register is on pace for 73,211 pages, which would be the lowest total since 2009.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. Six such rules have been published so far this year, none of them in the past week.
  • The total estimated compliance costs of 2014’s economically significant regulations currently ranges from $614 million to $885 million. They also affect several billion dollars of government spending.
  • 51 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 105 new rules affect small businesses; 16 of them are classified as significant.

Highlights from selected final rules published last week:

For more data, see Ten Thousand Commandments and follow @10KC and @RegoftheDay on Twitter.

CEI Podcast for March 6, 2014: The ALERT Act and Regulatory Transparency

Have a listen here.

Last week was Stop Government Abuse Week in Congress, and the House passed a number of reform bills that would increase government transparency. One of the bills that passed, the ALERT Act, was partially based on reform ideas from CEI Vice President for Policy Wayne Crews.

Incumbents in Trouble?

According to a new poll, only 22 percent of respondents intend to vote for their current representative. Nearly 70 percent intend to vote for a challenger.

While this blogger finds the sentiment encouraging, it is likely just bluster. Incumbents will almost certainly continue their usual 90 percent-plus re-election rate. In most cycles, more members retire than are defeated by challengers. The number of retirements is currently in the low 20s, and there will likely be a few more. If the number of incumbent defeats is higher than that, all the better, though it is unlikely.