CEI Today: 10,000 Commandments, credit union regulation, and immigration vs wages

TEN THOUSAND COMMANDMENTS - WAYNE CREWS

REPORT ON REGULATION


In the twenty years since the creation of Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, one trend has become clear: The regulatory state is growing in large part because the executive branch increasingly uses its control over rulemaking to enact policies it could not get approved by Congress.


Americans spend an estimated $1.8 trillion a year to comply with federal regulations, according to the report. For the first time, that’s more than half the level of total federal expenditures. Agencies spend $61 billion per year just to administer and enforce federalregulations—a 50 percent increase in the last decade.

cei.org/10kc


See also: Wall Street Journal editorial, Red Tape Record Breakers


> Interview Wayne Crews

CREDIT UNION REGULATION - JOHN BERLAU

Openmarket.org: Udall-Paul Legislation Spreads Freedom for Credit Unions and Entrepreneurs

 

By definition, if a bill is sponsored by Sens. Mark Udall, D-Colo., and Rand Paul, R-Ky., or any similarly odd ideological couples in the House, it more than meets the definition of bipartisan. For that, it should get a big kumbaya from the Beltway cognoscenti.


Yet the Udall-Paul bill, S. 968, should be cheered not just because of its bipartisanship, but because it actually spreads freedom. Those concerned with government eroding options for entrepreneurs should cheer this legislation, which lifts regulatory barriers to an untapped source of capital for startups: America’s credit unions. > Read more


> Interview John Berlau

IMMIGRATION - DAVID BIER

Openmarket.org: What Happened to U.S. Wages During Mass Immigration?

 

From 1890 to 1914, more than 15 million people poured into the United States, mostly from Europe. More than 1.3 million came in  1907 alone. That would be like 4 million coming in one year today–which would be four times the number allowed in legally last year. Despite this enormous increase in the workforce, worker compensation rose 40 percent over that era. Overall, America’s fastest period of economic growth was during the time of mass immigration (4.17 percent annually). > Read more


> Interview David Bier

CEI ANNUAL DINNER & GALA

FEATURING

THE HONORABLE RAND PAUL


JUNE 20, 2013

 


cei.org/ceidinner

 

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TODAY!

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May 21, 2013, 6 - 7:30 PM

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