Iain Murray

Iain Murray is Vice-President for Strategy at the Competitive Enterprise Institute.

The Administration Is About to Upend American Business Practices

 

It is probably the biggest change in American employment law since the National Labor Relations Act and its reform in the 1930s and ’40s, but it could happen without the general public realizing it. The National Labor Relations Board (NLRB, a product of that 1930s legislation) is expected to rule any day now in a […]

Continue Reading

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 […]

Continue Reading

Exporting Solyndras?

 

The New York Times’ crusading columnist Joe Nocera is an unlikely supporter of crony capitalism. Yet this week he has come out unabashedly in favor of the Export-Import (Ex-Im) Bank, on the grounds that it is a “most useful government agency.” Yet a look at how it works suggests that that supposed usefulness is based […]

Continue Reading

Santa Capitalism

 

We should call it the “Great Fact,” argues University of Illinois at Chicago economist Deidre McCloskey. “It” is the Industrial Revolution that, starting in Great Britain in the late 18th century, produced a 16-fold expansion in per capital wealth throughout the world. With that explosion in wealth came longer life spans, better health care, and […]

Continue Reading

The Legislature’s First Job Is Not to Legislate

 

Defenders of Sen. Harry Reid’s triggering of the “nuclear option,” ending the filibuster for all Executive Branch nominees save those to the Supreme Court, call it a triumph for democracy. Hogwash. Democratic governance isn’t about a majority doing whatever it wants, much less when that involves advancing a president’s agenda. Congress, in effect, has abandoned […]

Continue Reading

The Unintended Consequences of Credit Card Regulation

 

When you try to regulate things, you’re really regulating people. If there’s one crucial lesson to keep in mind about regulation, this is it. And these days, when regulations cost us over $14,000 per household each year, according to my colleague Wayne Crews’s calculations, it behooves us to consider the unintended consequences of each new […]

Continue Reading

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 […]

Continue Reading

BART’s Bogus Ride

 

It was the 1970s and Britain was the “sick man of Europe.” Labor unions had toppled one Conservative government and were bullying the existing Labour Party one. Then came the “Winter of Discontent,” when strike after strike by government employee unions left the dead unburied and garbage piled high in the streets. But that led […]

Continue Reading

Egypt’s Missing Precondition

 

It is commonplace today to regard liberty and democracy as inextricably correlated — if you have one, you must have the other. Yet as Egypt and other failed democracies are showing, that is not the case. Indeed, we are rediscovering some fundamental truths that the American Founders knew — that liberty is an essential precondition […]

Continue Reading

Disabling American Sovereignty

 

The United States Senate will likely soon consider ratification the United Nations Convention on the Rights of Persons with Disabilities (CRPD), which fell six votes short of the 67 needed last December. The CPRD’s stated purpose is “to promote, protect and ensure the full and equal enjoyment of all human rights and fundamental freedoms by […]

Continue Reading





Send this to friend