regulatory policy

OMB’s Dubious Claim to Regulatory Expertise

The head of OIRA – the Office of Information and Regulatory Affairs at OMB– is often called the White House’s regulation czar.  OIRA is charged with reviewing the cost-benefit analysis of all major government regulations.  This task is all about economics. Yet OIRA has never established the kind of reputation for economics expertise held by …

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Great Expectations: A Dozen Views of Obama’s Second Term

As we approach inauguration day next month, I thought it would be interesting to pull together the advice that people are giving him about his second term.  Here are some links if you’re interested in what people are hoping for (or in some cases, dreading). From the N.Y. Times, the views of Carol Browner (advocating …

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The Overly Facile Comparison Between Regulations and Taxes

Romney’s argument for a regulatory cap equates regulations with taxes.  My initial reaction was that this was an absurd comparison – taxes are payments to the government, whereas regulations reduce externalities.  But after further thought, I decided that my initial reaction was a little too facile.  Regulatory costs do have some of the same economic …

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The Mythical Threat of a Regulatory Deluge

Conservatives are now spreading the myth that, if the country fails to elect Mitt Romney, the aftermath will be a deluge of federal regulations.  Republican state attorney generals are hitting the campaign trail to this fear of a coming regulatory flood in a post-Romney world. (here). This myth has been debunked by Cass Sunstein, who …

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The Romney Website’s Circular Blame Game

The Romney website portrays regulation as a huge drag on the economy.  But it can’t decide who’s to blame.  Is it all Obama’s fault?  Or not just Obama, but a whole succession of Presidents, many of them presumably Republicans?  Or is it bureaucrats who have overpowered all of these Presidents?  The website goes around in …

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Why We Need Administrative Agencies like EPA

Bureaucrats aren’t very popular.  But consider the alternatives when it comes to dealing with environmental problems.  Basically, bureaucrats are part of the executive branch of government.  For instance, the head of EPA is appointed by the President and can be removed by the President at any time.  (A few agencies such as the SEC enjoy …

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Why the Environment Requires Government Protection: Some Simple Economics

The key to understanding the economics of environmental protection is the concept of externalities.  An externality is simply a cost that one person or firm imposes on another. In general, an externality means that an activity is causing more harm than it should. Of course, a company or individual could decide to voluntarily correct the …

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A Side-by-Side Comparison of Romney and Obama on Energy and Environment

I’ve put together a table of language from the issues sections of the official campaign websites dealing with energy and environment. I decided to use the candidate’s own language to avoid interposing my own views on the issues. Please keep in mind that the table uses their language, not mine. Not surprisingly, the candidates frame …

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Why the Right Has Run Out of Ideas

Most policy tools are no longer considered acceptable by many on the Right. If you have no tools to solve a problem, all you can do politically is to insist that the problem does not exist, is really a blessing in disguise, or will be automatically solved by the market and technological progress.

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What’s in the final 2012 spending bill?

I’ve just finished plowing through H.R. 2055, the2012 Consolidated Appropriations Act, which was signed by President Obama last week. I was curious to see how many anti-environmental riders made it into the final bill. I haven’t seen much news coverage of the details of the final bill, and the White House offered no comment when …

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