CEI’s Battered Business Bureau: The Week in Regulation

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It was a four-day work week due to Martin Luther King Day. This made for another light week on the regulatory front, with the Federal Register held under 1,000 pages for the first time since last year’s government shutdown.

On to the data:

  • Last week, 43 new final regulations were published in the Federal Register. There were 57 new final rules the previous week.
  • That’s the equivalent of a new regulation every three hours and 54 minutes.
  • So far in 2014, 164 final regulations have been published in the Federal Register. At that pace, there will be a total of 2,563 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 962 new pages were added to the Federal Register.
  • Currently at 3,456 pages, the 2014 Federal Register is on pace for exactly 54,000 pages, which would be the lowest total since 1990.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. Four 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 is currently $1.6 million. They also affect several billion dollars of government spending.
  • 21 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 29 new rules affect small businesses. Six 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 January 23, 2014: CEI Appeals Affordable Care Act Lawsuit Verdict

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Have a listen here.

CEI and its fellow plaintiffs are appealing an adverse District Court-level opinion in a lawsuit involving health insurance exchanges under the Affordable Care Act. General Counsel Sam Kazman explains the case’s importance not just for health care, but for the rule of law.

CEI’s Battered Business Bureau: The Week in Regulation

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It was another slow week, with only 57 new regulations; the usual number is closer to 70. Even so, agencies issued new rules for everything from how to shoe a horse to fees for avocado growers in south Florida. The Federal Register also broke the 3,000-page mark.

On to the data:

  • Last week, 57 new final regulations were published in the Federal Register. There were 38 new final rules the previous week.
  • That’s the equivalent of a new regulation every two hours and 57 minutes.
  • So far in 2014, 121 final regulations have been published in the Federal Register. At that pace, there will be a total of 2,521 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,543 new pages were added to the Federal Register.
  • Currently at 3,294 pages, the 2014 Federal Register is on pace for 68,625 pages, which would be the lowest total since 2001.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. Four 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 is currently $1.6 million. They affect several billion dollars of government spending.
  • 20 final rules meeting the broader definition of “significant” have been published so far this year.
  • So far in 2014, 21 new rules affect small businesses. Six 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.

Public Choice and the Mediocrity of the Social Sciences

One of the foundational principles of economics is that people respond to incentives. In his book The Organization of Inquiry, Gordon Tullock applies that lesson to the scientific process. On page 154, he shows why most social scientists are timid creatures who would rather affirm popular prejudices than make bold new discoveries:

We have already discussed the tendency of researchers in the social sciences to avoid dangerous issues, to confine their investigations to “safe” subjects and “safe” conclusions. The bulk of the money available for “inducing” such research comes either from essentially charitable endowments or from government organizations (universities, of course, partake of both) and is likely to become unavailable to a man who annoys people with his discoveries. As a result, the students in this field have a strong tendency to devote large amounts of effort to “confirming” popular opinions.

Downsizing the Federal Government

You may have seen Cato’s excellent Downsizing the Federal Government project. They have just produced a series of quick-hit videos, each just a few minutes long, going over various federal departments’ excesses and offering reforms that would bring them back to earth—or abolish them outright. Each one is well worth watching:

Department of Agriculture

Department of Education

Health and Human Services

Department of Energy

Department of Labor

CEI Podcast for January 16, 2014: FCC Loses Net Neutrality Court Case

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Have a listen here.

The D.C. Circuit Court decided against the FCC in the case Verizon v. FCC, striking down key provisions of the agency’s proposed net neutrality regulations. Associate Director of Technology Studies Ryan Radia argues that while the case looks like a victory on the surface, it still gives the FCC plenty of authority to enact similar rules.

2,000th Post

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WordPress tells me this is the 2,000th post here at Inertia Wins. Thanks for reading, and tell your friends.

Slow News Day

Politico: Mitt Romney dances Gangnam style

CEI’s Battered Business Bureau: The Week in Regulation

cape sable thoroughwort
The first full week of 2014 was a light one, despite more than 1,500 Federal Register pages. The number of new regulations was about half the usual number, and none of them meet the $100 million per year “economically significant” threshold.

On to the data:

  • Last week, 38 new final regulations were published in the Federal Register. There were 66 new final rules the previous week.
  • That’s the equivalent of a new regulation every four hours and 25 minutes.
  • So far in 2014, 64 final regulations have been published in the Federal Register. At that pace, there will be a total of 2,286 new regulations this year. This would be the lowest total in decades; this will likely change as the year goes on.
  • Last week, 1,543 new pages were added to the Federal Register. It is on pace for 73,929 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. Two 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 is currently zero. They affect nearly $20 billion of government spending, but their impact estimates mostly avoid discussion of compliance costs, so I am scoring them as zero-cost for purposes of this tally.
  • 15 final rules that meet the broader definition of “significant” have been published so far this year.
  • So far in 2014, 14 new rules affect small businesses. Two of them are classified as significant.

Highlights from selected final rules published last week:

  • The Personnel Management Office is making changes to life insurance and health benefits for federal employees.
  • The FAA had a busy week, with 9 new rules. See them all here.
  • The EPA also issued 9 new rules. Most of them are air quality rules for various states, along with a rule for pesticides. See them all here.
  • The SEC updated the job description for its General Counsel.
  • The Cape Sable thoroughwort, a small plant native to Florida, is the unwitting recipient of nearly 11,000 acres of critical habitat in Miami-Dade and Monroe Counties.

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

Schumpeter on Public Choice

Joseph Schumpeter is best known for his theory of creative destruction and his overarching emphasis on economic change and dynamism. But he also knew a bit about human nature. While the public choice movement didn’t get started until after his 1950 death, Schumpeter had enough common sense to prefigure its view of politics without romance. He shows this in the final footnote on page 433 of his posthumously published History of Economic Analysis:

[T]he state (government, politicians, and bureaucrats) is not something to philosophize on or to adore but something to be analyzed as realistically as we analyze, e.g., any industry.

This is a wise insight that more analysts would do well to take to heart.