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For decades, so-called regulatory “reformers” have backed up their sales pitches with the same basic promise:  Their goal is not to stop regulation per se but to promote smarter ones.  This promise, of course, was always a hollow one.  But it gave their myriad reform proposals—always involving some set of convoluted procedural or analytical requirements […]

This morning CPR Scholar and George Washington University Law School professor Robert Glicksman will testify in support of EPA’s proposed rule to regulate ozone. The Hearing, held by the House Energy and Commerce Committee’s Subcommitee on Commerce, Manufacturing and Trade will focus on the potential impacts of the proposed ozone rule on manufacturing.  Glicksman’s testimony corrects misinformation about […]

Editor’s Note: This is the second of two posts. Yesterday’s examined the need for a carbon tax as a way to reduce carbon emissions. Real-time pricing of electricity is a logical complement to a carbon tax. Economists are fond of saying:  “First, get the price right.” What they mean is, if we can take the […]

Editor’s Note: This is the first of two posts on market-based approaches to reducing carbon emissions. Today’s focuses on a carbon tax; tomorrow’s on real-time pricing of electricity. There is a broad consensus among economists that we will not be able to mitigate climate change efficiently and effectively unless we place a price on carbon. […]

Senator Rounds (SD-R) has introduced a proposed concurrent resolution to establish a Joint Select Committee on Regulatory Reform to address the alleged “regulatory overreach that is so prevalent in all sectors of the U.S. economy” by, among other things, conducting a “systematic review” of all rules adopted by federal agencies, supposedly in the name of […]

This morning CPR Scholar and George Washington University Law School professor Emily Hammond will testify at a House Energy and Commerce Subcommittee on Energy and Power entitled, “Quadrennial Energy Review.“ According to Professor Hammond’s testimony: A critical challenge for energy policy in the United States is that it has evolved in a piecemeal fashion, focusing on […]

It’s been almost 10 years now since Hurricane Katrina unleashed its fury on the Gulf Coast, setting in motion a massive failure of New Orleans’s flood-control system. More than 1,800 people lost their lives when Army Corps of Engineers-designed levees around New Orleans failed, allowing water to engulf the city. What followed the levee failures […]

In her first major criminal settlement since becoming Attorney General, Loretta Lynch has delivered, trussed and on a platter, five of the world’s biggest banks—Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland, and UBS.  The five will actually plead guilty to specific crimes involving manipulation of foreign currency markets and will pay close to $6 […]

The major oil pipeline spills along the Santa Barbara coast and into the Yellowstone River in Montana this past year are only the most recent chapters in the growing list of major spills associated with oil transportation in the United States. These recent spills of 100,000 gallons and 50,000 gallons of oil, respectively, follow a […]