Free Republic

I’m concerned about the possible temptation to inflation the number of co-vid deaths to obtain increased tax subsidies (along with renewed socialized-medicine push) now and down the road. Hospital administrators (along with nurses union Bosses) could get “sloppy” with the reporting. An inflated number would allow hospitals to claim we have an “extraordinary outbreak” here – and rent seek for more federal and state dollars and additional programs.

Several groups that often are at odds over environmental rules are on the same side when it comes to easing methane regulations at oil and gas sites. The Pennsylvania Department of Environmental Protection joined major oil and gas companies, environmental groups and lawmakers from both parties last week in urging the Trump administration not to go through with its proposal to eliminate methane control requirements from well sites and pipelines across the country. The U.S. Environmental Protection Agency is proposing to roll back rules adopted in 2016 that require companies to identify and stop methane leaks from new and modified...

After President Trump’s State of the Union Address, there seems to have emerged one common thread that is uniting the two parties. Both agree that the cost of prescription drugs is far too high in the United States. Trump mentioned it in his speech, and the theme has been invoked in countless post-speech interviews by elected Democrats. America spends far more per capita on healthcare than other developed nations, and yet drug prices here dwarf those in other countries. In one analysis carried out by Reuters, researchers found that top-selling drugs in the U.S. cost roughly triple what their counterparts...

Mike Munger of Duke University talks with EconTalk host Russ Roberts about private and public rent-seeking. When firms compete for either private profit opportunities or government contracts, there are inevitably firms or people who spend resources but end up earning little or nothing. What are the differences, if any between these two forms of competition? How do they related to competitions that award prizes for discovering new technologies? The conversation begins with a discussion of a recent trip Munger took to Chile where he observed the current state of the Chilean bus system, a topic he has discussed in the...

Corny Capitalism: This is one campaign promise we wish President Trump would break. But alas, he just told his EPA to give up any thought of cutting back on the federal government's anti-consumer, anti-environment ethanol mandate. Sad. The story begins in 2005, when President Bush approved the Renewable Fuel Standard program as part of an energy bill, which required oil refiners to blend in predetermined amounts of "biofuels" into their gasoline, starting at 4 billion gallons in 2006. A revised version of the RFS, which Bush signed in 2007, expanding the program, requiring ethanol levels to climb steadily to 36...

Last Friday Gov. Andrew Cuomo of New York signed a new bill seeking to crackdown on citizens offering their homes for short term rental through Airbnb. The law would impose fines of up to $7,500 simply for listing a rental on the popular site for travelers. Why would the state of New York pass this law attacking people seeking to earn some extra money to help afford living in one of the most expensive cities in the country? The answer lies with the hotel companies, one of whose CEOs openly celebrated that his company would be able to raise prices...

#EndExIm Heritage Action for America is coordinating with its social media activists for a TwitterFest tonight beginning at 5:30PM EST until approximately 6PM EST on the need for Congress to put a final nail in the coffin of the wasteful, sometimes corrupt and ultimately unnecessary, Export-Import Bank. It's a form of rent seeking international pork for corporations that already have a viable business model without it. Eliminating it takes Congress out of the role of picking winners in the free market. Please post at least one Tweet with this link http://heritageaction.com/2014/04/export-import-bank-reauthorization/ and be sure to use the hashtag #EndExIm

Think you own your wireless handset, inside and out? Think you can do whatever you wish with your own property? Think again. Beginning Saturday, it will become illegal to unlock a phone without the express permission of the carrier who locked it. While the relevant portion of the Digital Millennium Copyright Act legalizes jailbreaking for three years, it also makes it illegal to unlock new, locked wireless handsets (without the permission of the previous carrier). Exemptions include “legacy phones” ("used (or perhaps unused) phones previously purchased or otherwise acquired by a consumer"). So this ruling won’t kill the secondary market...

It's vampire versus vampire at the National Review. In response to President Obama's "you didn't build that" attack on individual initiative, a New Hampshire contractor insisted that he did so build his business. Except, as Think Progress reports, the guy is a rent-seeker. He built his business by the sweat of the tax-payer's brow in the form of government-subsidized loans, grants and contracts. The Think Progress article is disgusting, and the comments are worse, but the National Review piece isn't much better:This man pays taxes that support this government endeavor (and many others he does not benefit from),That would be...

The Environmental Protection Agency wants to dump more corn into your fuel tank this summer, and it's going to cost more than you think. The agency is expected to approve a request from 52 ethanol producers known collectively as "Growth Energy" to boost existing requirements that gasoline contain 10 percent ethanol to 15 percent. The change means billions more in government subsidies for companies in the business of growing corn and converting it into ethanol. For the rest of us, it means significantly higher gasoline and food prices. It's time that this shameless corporate welfare gets plowed under. In 2007,...

[...] The Pickens Plan, which could be overly ambitious in this financial crisis, calls for a conversion from oil products to natural gas in vehicles, first by phasing in two million new heavy trucks - roughly the entire fleet of big rigs that move goods around the country. Trucks account for about a quarter of the amount of oil we import every year. "If you don't buy into natural gas, you're not buying into the Pickens Plan as a bridge to the future?" Rose asks. "That's right," Pickens agrees. "Anybody, whether it's Sarah Palin or George Bush or John McCain,...

Warning: Unless you put up a roadblock this minute, soon Florida Republicans will "Dubai" all the state's assets. Once again, Elephants in the Florida Legislature have sold their souls, assuming they ever had any. Routinely, they barter the public interest for a buck. This time, in a scheme that only Halliburton could hail, House Republicans just passed H.B. 7033, giving private companies virtual monopoly ownership of most of Florida's toll roads. (Democratic state Reps. Susan Bucher and Keith Fitzgerald told me they were outraged.) That's right! If the scheme becomes law, corporate interests will be able to make a profit...

The idea of a cap-and-trade system for limiting carbon-dioxide emissions in the U.S. has become all the rage. Earlier this year, 10 big American companies formed the Climate Action Partnership to lobby for government action on climate change. And this week the private-equity consortium that is bidding to take over Texas utility TXU announced that, as part of the buyout, it would join the forces lobbying for a cap on carbon emissions. But this is not, as Lenin once said, a case of capitalists selling the rope to hang themselves with. In most cases, it is good old-fashioned rent-seeking with...

Democrats want to flog the global warming theme through 2008 and they'll take what help they can get, even if it means cozying up to executives whose goal is to enrich their firms. Right now, the corporate giants calling for a mandatory carbon cap serve too useful a political purpose for anyone to delve into their baser motives.The Climate Action Partnership, a group of 10 major companies that made headlines this week with its call for a national limit on carbon dioxide emissions, would surely feign shock at such an accusation. After all, their plea was carefully timed to coincide...

Why our CEOs are warming to Kyoto. (Editor's note: We reintroduce today the Potomac Watch column from Washington. It will appear on Fridays and be written by Kimberley Strassel, a member of The Wall Street Journal's editorial board. She joined the Journal in 1994 and has worked as a reporter in Europe and as an editor and editorial writer in New York.) Washington this week officially welcomed the newest industry on the hunt for financial and regulatory favors. Big CarbonCap may have the same dollar-sign agenda as Big Oil or Big Pharma, but don't expect Nancy Pelosi to admit to...

The global-warming debate is shifting from science to economics. For years, the fight over the Earth's rising temperature has been mostly over what's causing it: fossil-fuel emissions or natural factors beyond man's control. Now, some of the country's biggest industrial companies are acknowledging that fossil fuels are a major culprit whose emissions should be cut significantly over time. A growing number of these companies are pushing for a mandatory emissions limit, or "cap." Some see a lucrative new market in clean-energy technologies. Many figure a regulation is politically inevitable and they want to be in the room when it's negotiated,...

The Financial Times recently carried an op-ed by Harvard professor John Quelch that gushed over corporations electing the "green" business model (or at least green rhetoric). This paean to the erstwhile "British Petroleum" -- now "BP: Beyond Petroleum" -- epitomizes the disconnect between academic idealizing and real-world truths. Quelch writes "not even the mighty Exxon-Mobil with its army of hired-gun lawyers and lobbyists unilaterally achieve everything it needs to maximise shareholder value -- not least the goodwill of a justifiably sceptical public. By contrast, John Browne, BP's quiet leader, has embraced the company's responsibilities to address global warming and invest...