Posted in regulation
Tagged amazon tax, Antitrust, at&t t-mobile merger, bb gun regulations, charlotte, copyright law, donut arrest, economic freedom in states, lip-synching ban, los angeles, mercatus, pruning regulations, pruning trees, wayne crews, women arrested for eating donuts
HHS is about to issue over 1,000 pages of new regulations stemming from last year’s health care bill. That’s not a huge surprise, considering the bill is about 2,000 pages long.
But these regulations all come from a 6-page section covering accountable care organizations, or ACOs.
According to Politico, John Gorman, who runs a health care consulting firm, “expects a 1,000-page rule to come out on Thursday, March 31—because he doesn’t think HHS will want to deal with releasing the regulations on April Fool’s Day.”
Posted in Health Care, regulation
Tagged accountable care organizations, aco, Antitrust, gorman health group, hcr, Health Care, health care bill, health care reform, john gorman, regulation
Have a listen here.
CEI Vice President for Policy Wayne Crews talks about why antitrust actually hurts competition, and offers some ideas for regulatory reform based on his recent articles for BigGovernment.com and The Washington Times, and on his annual Ten Thousand Commandments report.
Posted in Antitrust, CEI Podcast, Economics, regulation
Tagged 10000 commandments, 10kc, Antitrust, biggovernment.com, cei, ceipodcast, podcast, regulation, regulatory reform, ten thousand commandments, washington times, wayne crews
George Stigler won a Nobel Prize for his work on the economics of regulation. He wrote extensively about regulatory capture, and in fact coined the term. He was one of only a few sane souls who stubbornly insisted that regulations be judged by their actual results, not their intended results. Good intentions, however noble, are not enough. Here’s an example of Stigler at his finest:
Regulation and competition are rhetorical friends and deadly enemies: over the doorway of every regulatory agency save two should be carved: “Competition Not Admitted.” The Federal Trade Commission’s doorway should announce , “Competition Admitted in Rear,” and that of the Antitrust Division, “Monopoly Only by Appointment.”
-George Stigler, “Can Regulatory Agencies Protect the Consumer?”, from The Citizen and the State: Essays on Regulation (1975), p. 183.
Posted in Economics, Great Thinkers, regulation
Tagged Antitrust, competition, economic regulation, economics nobel, ftc, george stigler, good intentions, nobel, regulation, regulations, results, stigler
Wayne Crews and I have an article in today’s American Spectator about the antitrust crusade against Intel. Our key points:
-An FTC picking winners and losers is not capitalism. It is crony capitalism.
-Chips in “Wintel” desktop computers increasingly constitute just one subset of a vast semiconductor market. Only a small fraction of the chips in non-PC devices are Intel’s — and these devices are where the future lies.
-Regulators’ charges against Intel have changed over the years, but their verdict always remains the same: guilty. Suspicious.
-We’d be better off prosecuting the DOJ and the FTC for colluding against free enterprise.
Posted in Antitrust, Economics, Publications, regulation, Technology, The Market Process
Tagged amd, Antitrust, antitrust crusade, capitalism, competition, computer chips, computers, corporate welfare, crony capitalism, doj, ftc, intel, nvidia, Public Choice, rent seeking
Over at the Washington Examiner‘s Opinion Zone, Wayne Crews and I explain why New York Attorney General Andrew Cuomo’s antitrust lawsuit against Intel is a mistake.
Calling Intel’s business practices “bribery” and “coercion” is little more than argument by assertion. Rebates and exclusivity deals are normal competitive behavior. Not only is Intel facing increasing competition in its home turf, that small segment is hardly the extent of the relevant competitive market. Intel faces an uncertain future as consumer tastes shift to smaller products powered by non-Intel chips. Cuomo’s antitrust lawsuit does not stand up to scrutiny. It deserves to be dropped.
Antitrust policies thwart the competitive process whenever and wherever they are applied.
Posted in Antitrust, Economics, Political Animals, Publications, regulation, Technology
Tagged andrew cuomo, Antitrust, antitrust lawsuit, competition, intel, lawsuit, monopoly, new york, relevant market