Ryan Young

Ryan Young is Fellow in Regulatory Studies at the Competitive Enterprise Institute.

Regulatory Dark Matter

 

How do regulations get made? Agencies have to follow specific procedures, first outlined in the 1946 Administrative Procedure Act. The trouble is that many agencies simply ignore the law. Wayne Crews documents several cases of such procedural abuse in his new paper, “Mapping Washington’s Lawlessness 2016: A Preliminary Inventory of ‘Regulatory Dark Matter.’” The rulemaking process […]

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Ten Weak Reasons to Support Ex-Im

 

Rep. Carolyn Maloney supports reauthorizing the Export-Import Bank, whose charter lapsed on June 30. She recently took to the Huffington Post to give 10 reasons to support Ex-Im. Here’s reason 1: Exports play an important role in the U.S. economy, supporting nearly 12 million jobs in 2014. Ex-Im did about $27.5 billion worth of business last year, […]

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Abolish Ex-Im Bank, Don’t Reform It

 

In a recent column on this website, University of Chicago lecturer Frank Schell proposed reforming the Export-Import Bank instead of abolishing it. This piece takes the opposite view. The bank, Ex-Im for short, cannot be effectively reformed for two reasons. First, Congress has no appetite for substantive changes. Second, corruption and favoritism are inevitable consequences […]

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Bad Tradeoff: Ex-Im vs. a Weak Dollar

 

At this point, it looks like Congress will let the Export-Import Bank’s charter expire on June 30. This is not a big deal in grand scheme of things. Ex-Im would continue to service its existing loan guarantees and other financial products, and Ex-Im employees would also review applications for new loans and loan guarantees, though they would […]

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Both Parties Should Oppose the Export-Import Bank

 

Rep. Jeb Hensarling (R-Texas) chairs the House Financial Services Committee. The Export-Import Bank’s reauthorization falls under his jurisdiction, and he has been one of the bank’s most consistent critics. He also called for closing Ex-Im in a recentWall Street Journal op-ed, making a number of well-reasoned arguments. But his closing clarion call is rather narrow for […]

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Ex-Im and Boeing, Sitting in a Tree

 

In most years, nearly half of the Export-Import Bank’s business is for Boeing’s benefit. The relationship between the two is so cozy that Ex-Im’s informal nickname around Washington is the “Bank of Boeing.” Yet, in an interview with Politico, Ex-Im president and chairman Fred Hochberg said, “We don’t lend a single penny to Boeing.” Oddly enough, both […]

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Will Congress Trade Principles for Politics on Ex-Im Vote?

 

On the merits, the case for closing the Export-Import Bank is a slam-dunk. This has made life difficult for the bank’s supporters, especially since the bank will permanently close on June 30 unless Congress reauthorizes its charter. So they are switching to politics. One of the top items on Congress’ agenda is Trade Promotion Authority (TPA), […]

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No Triple Mandate for the Federal Reserve

 

A recent speech by Federal Reserve Chair Janet Yellen got considerable attention over her subtly implied suggestion that the Fed consider taking on a third mandate—reducing economic inequality—in addition to its current dual mandate of keeping inflation in check and unemployment as low as possible. Less noticed, but just as important, were her comments that “business […]

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Questions for Janet Yellin

 

Chairman of the Federal Reserve is arguably the most important unelected office in America. It wields enormous influence over the financial health of the nation, and indeed the world. So it is incumbent upon members of the Senate Banking Committee, which could hold confirmation hearings before the end of November, to ask the right questions […]

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The Regulatory Improvement Commission

 

There are regulations for everything from restaurant menus to walk-in freezers’ energy efficiency. Almost no one denies that the nation’s economy is saddled with some outdated and goofy regulations that have accumulated over the years. And almost no one opposes getting rid of those. Clearly some pruning is in order. The most recent print edition […]

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