By Timothy P. Carney | 12/09/13 03:48 PM
Regulation is often a tool incumbent businesses use to keep out new entrants. Many journalists, however, understand regulation only as a tool the government uses to protect the public from business. The conventional view of regulation causes confusion -- or at best, unwarranted surprise....
By Timothy P. Carney | 12/09/13 03:15 PM
Every since Chuck Schumer told the hedge funds to quit being such recluses and start lobbying Washington, I've been wondering how this might change the nature of K Street. Most business lobbying involves businesses lobbying to protect their business model — from competition, from regulation,...
By Timothy P. Carney | 12/09/13 11:41 AM
In short, cab companies are required to carry insurance, but Yellow Cab is the only company allowed to self-insure, while other companies are not allowed to. This puts Yellow at a huge competitive advantage, paying about $650 per car, while smaller competitors pay $1,500 per car.
By Timothy P. Carney | 12/06/13 05:51 PM
President Obama wants to put inequality at the center of America's political discourse. Fine. Here’s the opening question: “Does inequality matter?” The answer: “It depends.” It depends on how governments react to inequality, it depends on how developed the country is, it depends on...
By Timothy P. Carney | 12/05/13 11:36 AM
One reason corporate welfare is so hard to kill is the problem of "concentrated benefits and diffuse costs." A subsidy program might irk taxpayers, but how much time and money will taxpayers spend to kill a program that costs them each $20 per year? A lot less than the few lucky beneficiaries...
By Timothy P. Carney | 12/05/13 10:29 AM
I'm generally for more disclosure in campaign finance, but the best argument against requiring full disclosure by groups engaged in political speech is that politicians sometimes retaliate against their critics. Sen. Elizabeth Warren inadvertently made that very argument this week. As told by...
By Timothy P. Carney | 12/05/13 09:48 AM
Liberal writer Jonathan Chait wrote an extended analogy as a blog post today, and it's unambiguous that the analogy is this: Conservative critics today are to President Obama as slaveholders were to slaves who dared speak their mind. There’s really no other way to understand the structure of...
By Timothy P. Carney | 12/04/13 01:16 PM
Retailers engage in fierce price wars and advertising wars. But sometimes, they resort to more brutal means: using government to kill competition. In D.C.'s recent debates over minimum wage, living wage, and whether to allow big-box stores, much of the press has drawn the wrong battle lines:...
By Timothy P. Carney | 12/03/13 05:06 PM
It may seem like he’s swinging back and forth — pro-business, then anti-business — but President Obama marching in a straight line: more state control of industry. It's the ratchet of state corporatism, and Obama is pretty handy with it.
By Timothy P. Carney | 12/02/13 03:09 PM
If you're a business, the best way to get fat profit margins is by erecting (or finding yourself surrounded by) barriers to entry. Regulations are often efforts by incumbent businesses to erect barriers to entry, thus allowing for higher profit margins.
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