CEI Today: Yellen's Federal Reserve, wind energy tax credits, net neutrality & patent reform, and more

Friday, Nov. 7, 2014
In the News Today



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 ownership is associated with higher levels of economic mobility,” and that “it has become harder to start and build businesses.”So is there a role the Fed could play in making entrepreneurship easier and less risky? > Read more

> Interview an expert


The Hill: Groups press new GOP majority to reject wind tax credits

In a letter to Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) on Thursday, the 66 groups argue an attempt to revive the Production Tax Credit (PTC) during the lame-duck session should be “rejected.”

“The PTC is a key part ofPresident Obama and Majority Leader Reid’s attack on affordable energy from natural gas, coal, and nuclear,” the letter signed by Heritage Action for America and the Competitive Enterprise Institute states.
> Read the full story in The Hill

> Interview an expert


The GOP's Senate takeover could be a big deal for net neutrality and patent reform


Ryan Radia of the Competitive Enterprise Institute says there's a lot that Republicans can do to pressure Wheeler to take a more hands-off approach to the issue. Congressional committees can grill Wheeler and other FCC commissioners about their approach to the issue. And they also have the power of the purse: they can cut the FCC's funding, limiting the agency's ability to enforce the regulations and giving him an incentive to change course. > Read the full story on Vox

> Interview Ryan Radia



Obama’s Peanut-Brained Attack on MetLife

The federal government considers MetLife to be “too big to fail,” making it subject to the same Dodd-Frank bailout regime set up for big Wall Street banks like Goldman Sachs and JPMorgan Chase. But MetLife, to its credit, has publicly stated that it is not too big to fail and does not want the special privileges that come with SIFI status. > Read more

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CEI President Lawson Bader


In Memoriam:
Gordon Tullock

CEI’s Battered Business Bureau: The Week in Regulation

In the final week before the midterm election, agencies published new regulations ranging from dairy profits to Japanese oranges. Fittingly, the total number of new regulations on the year also passed the 3,000 mark on Hallow’s Eve.