It is seventy years, now, since near the end of the Second World War Austrian economist, and much later Nobel Prize winner, Friedrich A. Hayek published his most famous article, “The Use of Knowledge in Society,” in September 1945, demonstrating why it is impossible for a system of socialist central planning to effectively manage a complex and ever-changing economy better than a functioning, competitive free market order.
A “can-do attitude” was the essence of the Internet for the last twenty years, making it a unique decentralized place of endless possibilities and opportunities. No more, the FCC has changed the “can-do” Internet into a “can’t-do” Internet, by centralizing control via the imposition of unnecessary 1934 telephone utility regulation.
How many times has government royally messed up something? And not fired anyone? Or done anything that remotely resembles improving their performance? Oh so very often. In part because they don’t care – once they have the power, they don’t care what happens to us. In part because they are too busy planning their next grabs.
The fact the Senate Homeland Security and Government Affairs Committee is attacking the Environmental Protection Agency’s (EPA) management—er, mismanagement—of the federal renewable fuel standard (RFS) is indicative of the growing frustration over both the agency and the RFS itself.
The FCC’s just operative Open Internet Order, with its classification of broadband as Title II common carriage and vague Internet conduct standard, sets ISPs up for FCC “gotcha” or contrived regulation and enforcement.
When a Tech Media story crosses over to the broader Jurassic Press – their ridiculous Leftist repetitiveness is truly comical. And highly disquieting. On Friday, President Barack Obama’s huge Internet Network Neutrality power grab officially went into effect. A crossover story – with predictable, pathetic Press results.
Even with prices 40 percent lower than a year ago, we remain the world’s No. 1 producer of crude oil and other liquid hydrocarbons. Imports of oil have dropped from 60 percent of consumption to about 35 percent just in the past five years. We’re also the world’s largest producer of natural gas.
As I previously discussed in Townhall Finance, real and sustainable private investment is being held back in large part due to the regime uncertainty caused by such regulations as Dodd-Frank, Obamacare and climate change. In fact, I first pointed this out publicly as one of the guest speakers at a large Tea Party rally on Tax Day 2010 in Appleton WI.
In today’s edition of The Heartland Institute Daily Podcast, Kenneth Artz, managing editor of Health Care News speaks with Jeff Stier. Stier, a senior fellow at the National Center for Public Policy Research in Washington D.C., heads their risk analysis division. In this podcast, Artz and Stier discuss the U.S. Food and Drug Administration’s (FDA) proposed rule that would extend the agency’s authority over tobacco products to include e-cigarettes.
On climate, EPA relies on computer models and discredited IPCC reports to predict global catastrophes that it insists can be prevented if the United States slashes its fossil fuel use, carbon dioxide emissions and living standards, even if China, India and other developing countries do nothing. Meanwhile, real-world temperatures, hurricanes, tornadoes, polar ice and sea levels continue to defy the fear-mongering. So now the rhetoric has shifted yet again, to alleged national security and asthma threats from climate change.
In today’s edition of The Heartland Daily Podcast, National Center for Policy Analysis health care policy expert Devon Herrick joins Managing Editor of Health Care News Kenneth Artz. Herrick and Artz discuss how the policies of the U.S. Food and Drug Administration (FDA) are needlessly driving up the cost of generic Drugs.
Lawmakers in the U.K. are moving to ban synthetic psychoactive substances – colloquially known as “legal highs.” This may presage a similar policy move in the U.S. Ireland completely banned[…]
Currently, its “Clean Power” plan is generating its latest and most duplicitous Administer, Gina McCarthy, to go around saying that it will not be costly, nor cost jobs. “Clean Power” is the name given to the EPA policy to reduce overall U.S. carbon dioxide (CO2) emissions by 30% from 2005 levels by 2030. It is requiring each state to cut its emissions by varying amounts using a baseline established by the EPA.
Without investment, everything economic collapses. Stasis is death. We must constantly create and innovate to move forward our massive $14-trillion-per-year economy. That takes lots and lots and LOTS of speculative capital.
Both of the nation’s retail hardware behemoths, Home Depot and Lowe’s, recently sold out to activists in ways that are the corporate equivalent of a dog’s putting his tail between his legs and slinking away from a bully. Home Depot announced that by the end of this year it will stop selling vinyl flooring that contains a class of chemicals called phthalates. It described the move as an effort to “continually challenge our suppliers to develop new, innovative options for our customers.” Baloney. What the company did was abandon both science and its customers under pressure from the activist group Safer Chemicals, Healthy Families, which sponsors the “Mind the Store” campaign that has been strong-arming retailers to remove safe, useful, and affordable products from shelves.
Likely the least regulated private economic sector going into the Age of the Barack Obama Administration – at least at the federal level – was the Internet. Which is largely why the Web has become an ever-evolving, free speech-free market Xanadu.
Think of the FCC, unilaterally self-armed with the “strongest possible rules” of Title II 1934 monopoly telephone regulation, as a Washington backwater “kangaroo court,” where innocent communicators can be hauled before a mock court system where normal due process, rule of law, and justice may not apply.
Here in the United States, Net Neutrality exponentially increases the government’s ability to tax the Internet. Starting with the 17.4% Universal Service Fund (USF) tax. Which goes up automatically every calendar quarter. And goes up each and every time three unelected Federal Communications Commission (FCC) bureaucrats decide they want more of our coin. Which they just did in December –with a 17.1% rate increase.