CEI Today: Fiat getting a bailout?, quantitative easing, and social cost of carbon canard

Friday, January 3, 2014
In the News Today


Fox Business: Fiat getting a bailout from U.S. taxpayers?

Competitive Enterprise Institute’s John Berlau and Forbes Media Chairman Steve Forbes on Fiat’s deal to take full control of Chrysler. > View the Fox Business discussion

> See also: The Great Italian Auto Bailout — Courtesy of U.S. Taxpayers


> Interview John Berlau

> Follow John Berlau on Twitter



Washington Times: Stop the money presses! Two cheers for ‘tapered quantitative easing’


Leading up to Janet Yellen’s Jan. 6 confirmation vote, the Federal Reserve recently announced that it will taper back its bond-buying program, known as quantitative easing. This was encouraging news for inflation hawks, if barely so. Right now, the Fed buys $85 billion worth of mortgage-backed securities and Treasury bonds every month from financial firms. These firms, flush with cash from the Fed, then diffuse those dollars throughout the economy through loans and other financial activities. Going forward, the Fed will roll back its monthly purchases from $85 billion to $75 billion, or roughly 11 percent. This is a good start, but the Fed should go further and taper away the rest of quantitative easing. > Read more

> Inteview Ryan Young


> Follow Ryan Young on Twitter


Globalwarming.org: Social Cost of Carbon: DOE Rejects Petition to Reconsider Microwave Rule

On Christmas eve, the Department of Energy (DOE) rejected the Landmark Legal Foundation’s petition to reconsider the agency’s final rule establishing first-ever energy-efficiency standards for microwave ovens. Whether or not the microwave rule itself has such wide-ranging implications, the social cost of carbon analysis is a potent weapon in the war on coal and other fossil fuels. As a pretext for expanding government control of the economy, redistributing wealth, and rigging energy markets, nothing beats the social cost of carbon. > Read more

> Interview Marlo Lewis





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