The e-cigarette industry has blossomed into a $2 billion business, providing thousands of manufacturing and retail jobs while offering smokers a safer alternative. Unfortunately, this thriving market is under threat due to new rules finalized in May by the U.S. Food and Drug Administration (FDA). The new rules expand the regulatory authority of the FDA […]
A new Mercatus Center paper entitled “Rethinking Taxi Regulations” suggests that antiquated taxi regulations do not apply to today’s economy. This conclusion stands in stark contrast to statements by Democratic Senator Elizabeth Warren. Referring to the decision of Uber and Lyft to leave Austin, Texas after the city upheld burdensome ridesharing regulations, Warren claimed that […]
This is really not good news at all – Bernie Sanders and his supporters have managed to commit the Democratic policy platform for the coming elections to the appalling idea of a national, Federal, $15 an hour minimum wage. Yes, I know, the general consensus these days is that raising the minimum wage is a […]
“I am not a great fan of Uber—you can quote me on that,” declared Democratic hopeful Bernie Sanders in August. The main reason he has “serious problems” with the ride-sharing service? It’s “unregulated,” he told Bloomberg. In this, if little else, Sanders finds himself in agreement with rival Hillary Clinton, who decried the “gig economy” […]
Europe has become the model for how democratic capitalism can give way to the welfare state. Following a surge of market-driven growth after World War II, there was a rise across the continent in income redistribution and regulations intended to protect workers and consumers, and to achieve “fairness.” From the 1960s onward, high tax rates […]