James Broughel
@JamesBroughel
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Economist writing about regulation. Senior Fellow @ceidotorg . Visiting Fellow @HooverInst . Writer @forbes #PaveParadise . RTs usually = endorsements.
Arlington, VA
Joined June 2011
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I once got interviewed for a civil service job at a federal agency. I was recommended for a position by a friend. When the interview concluded, I asked what the next steps were. They said go on and find a job posting at their department that I seem
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@GrantKidwell
I was also told that OPM acted as an intermediary and that their staff really have no understanding of what makes someone qualified for the more technical positions.
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@ismurray
I certainly took away from this that you need to be an insider to have access to government jobs.
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This nifty map shows how many regulatory restrictions each state has. California has the most with almost 396k. Meanwhile South Dakota has the fewest with about 44k. The mean is 131k.
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@ForestMaven
This sounds like what I heard. Basically there's a reviewer at OPM who doesn't know anything about the positions. You need to get passed them. If I could get on "the cert" for any job it would make it easier to for me to get considered for the one I actually wanted to apply for.
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My interview with
@JoshJPhilipp
from
@epochtimes
is now online. We discussed how "An Unelected Government Is Writing Our Laws".
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The Custodia Bank case highlights the sheer hypocrisy of the Federal Reserve in its treatment of crypto.
@ForbesCrypto
@GeorgeSelgin
@CaitlinLong_
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🚀 Big Job Announcement! 🚀
You all know me as a regulatory economist passionate about cutting red tape. I am beyond thrilled to announce that I have officially joined
@ceidotorg
as a Senior Fellow, where I will be focusing my research on
#innovation
and
#dynamism
. 🥳
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Some big career news! I've been at the
@Mercatus
Center for more than 11 years, but it's time for me to find my next big challenge. I look forward to seeing what the future has in store for me. 👇👇👇💡💯
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They do more harm than good to their cause.
No facts, no real argument, no substance or point, just an “emotional” unhinged performance from a Just Stop Oil protester.
The media needs to stop inviting people like this on as she’s clearly mentally unstable.
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For the last few years, Virginia has been running an innovative experiment with red tape reduction. Now the results are in, and there's a strong case for expanding the regulatory reform. The decision will fall to the next governor. via
@RTDOpinions
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I'm proud to announce that as of this week I am a Visiting Fellow at the Hoover Institution as part of their Small Business Regulation Program.
I'll be investigating state environmental permitting practices and their implications for small businesses.
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This op-ed makes a good point, which is that permitting reform without simultaneous litigation reform could well backfire amd delay projects even further. The next go round, reformers should focus more this--perhaps more fundamental--aspect of the problem.
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I'm very pleased to announce the release of a new
@ceidotorg
paper, co-written with
@jberlau
and
@AriPatinkin
. The paper critiques President Biden's proposed Digital Asset Mining Energy (DAME) tax, a 30% tax on cryptocurrency mining's electricity use.
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Something rather remarkable just happened in Idaho. The state legislature opted to—in essence—repeal the entire state regulatory code.
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Also looking good today: Mises's theory of interventionism. Bailouts only beget more bailouts. We all know where this ends up.
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@sashachapin
I had similar experiences. In fact, I was constantly told as a teenager I should smile more, or I would be cute if I smiled more, etc.
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If you want to understand the concept of market failure, you can't do better than this book. This one really opened my eyes. Highly recommended.
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OMB formally abandons efficiency as the basis for federal government cost-benefit analysis and commits to ignoring opportunity costs going forward.
The is ideology, not economics. It's a sad day for evidence-based regulation.
OMB finalized updates to Circular A-4, guidance doc for economic analyses of regulations. Includes consideration of benefits that occur in future or outside the US; equity concerns related to the distribution of regulatory impacts; behavioral econ issues.
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@AA_Millsap
@calebwatney
.
@asymmetricinfo
has a great piece out today that explains much better than I ever could why distinguishing between *responding to problems* and *responding to symptoms of problems* is so important.
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"The Fatal Conceit" by F.A. Hayek. This is one of the main *quake books* in my life that just blew my mind when I read it. There's clearly a fair amount of truth to the evolutionary explanations of the market contained herein.
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@chas_new
This book offers a great explanation for why this is the case, and it's more based on externalities as opposed to genetics, which concerns some people.
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Looking forward to spending my next two weeks in residency
@HooverInst
. It's an honor to be associated with such a prestigious organization.
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“If a regulation needs to be suspended during a crisis, we have to ask ourselves, why was it there in the first place, and can we live without it?”
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My first big paper as a senior fellow for
@ceidotorg
came out today!
The paper lay outs a framework for judging proposals to regulate artificial intelligence.
In this🧵I’ll go over some key takeaways.
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@asymmetricinfo
But isn't that consistent with the Christopher Rufo model of social change? Namely, that conservative actitivists must target center left mainstream power sources.
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Given that my twelve wonderful years at the
@mercatus
center recently wrapped up, I thought I might conclude my time there with some fun Mercatus trivia!
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I can't say I'm surprised that
@HHSGov
is sneaking out its repeal of the SUNSET rule over Memorial Day weekend. The rule would commit the agency to actually reviewing its regulations on a periodic basis--in accordance with the law--but HHS says no thanks.
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I had an op-ed in the WSJ on Friday.
When I showed my kids (age 5 & 7) the newspaper, they said "There's someone else named James Broughel???"
I said, "No! Daddy wrote that!"
They seemed skeptical.
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My latest for the
@WSJopinion
:
President Biden's
@OMBPress
wants to ditch opportunity cost from regulatory cost-benefit analysis.
Doing so defies basic economics.
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JUST PUBLISHED: I have a new paper out in Economic Affairs about sovereign wealth funds. You can think of this article as my contribution to
#StateCapacityLibertarianism
.
@iealondon
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Some professional news! I've been approved as a new
#energy
&
#environment
contributor at
@Forbes
. Going forward, much of my policy analysis writing will appear on the Forbes column. Keep an eye out for commentary on big new regulatory initiatives coming out of the Biden admin!
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JUST RELEASED ON SSRN! My paper: “Cost-Benefit Analysis as a Failure to Learn from the Past” (forthcoming in the Journal of Private Enterprise). This thread contains some key takeaways.
#economics
#CostBenefit
#CBA
@Mercatus
#GMUEcon
#APEE
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I'm honored to be speaking alongside
@MichaelWatsonMS
at a press conference in Jackson, MS in a few minutes. We'll be discussing the new
@MississippiSOS
29 by 29 initiative that's part of the Secretary's
#TackletheTape
effort. Mississippi is making progress cutting the red tape!
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It's gonna be okay. Take it from someone who started college at 26 and PhD at 30. Things turned out all right.
Just want someone to tell me it's okay to start your PhD at 30 😭
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I recently received permission to repost a 2018 interview with René Girard biographer
@chaven
. Coincidentally, an interview on
@cowenconvos
came out w/ her yesterday, so this is timely. The interview below provides a nice introduction to Girard's views.
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1/ Today I am pleased to announce the release of a Mercatus Center symposium on the social discount rate! [Thread]
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Just released from
@ceidotorg
: A new paper on Virginia's online permit tracking system.
The Old Dominion State is leading the way on permit transparency under Gov. Glenn Youngkin.
Check out what they're doing and why other states should follow suit.
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I'm looking forward to presenting at this
@CatoInstitute
conference on Thursday. My panel discussion with
@bryan_caplan
and
@caseybmulligan
will be on the topic of regulation and populism. It should make for an enlightening discussion! Be sure to tune in!
The
#CatoEcon
conference will feature
@Google
’s Chief Economist
@halvarian
, former President Obama CEA chair
@jasonfurman
& others to discuss antitrust populism, protectionism, business politicization, public finances & more.
JOIN US (in-person & online):
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How does your state measure up in terms of regulatory load? This nifty chart is based on a new State RegData update. It shows that California remains the most regulated state with 396k restrictions. Idaho recently took over the least regulated spot with 39k restrictions.
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I’m pleased to see my paper “The Regulatory Budget in Theory and Practice: Lessons from the U.S. States” is now out as a working paper from the
@AdLawCenter
. The paper will be part of a symposium on regulatory budgeting and executive order 13771.
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Actually, the real reason agencies don't use formal rulemaking is a Supreme Court case called United States v. Florida East Coast Railway, where the court ruled agencies may use informal notice-and-comment rulemaking in all but a very limited set of circumstances.
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Corporate tweets are sounding increasingly political over time, according to
@KempfElisabeth
of
@HarvardHBS
@CatoEvents
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I'm very proud to be a part of the State RegData team
@mercatus
that has been nominated for a 2018 Templeton Freedom Award. In this podcast,
@econpatrick
,
@katedelanoy
and I discuss the work that led to this recognition.
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1/ Michael Greenstone and James Stock had a recent essay in the
@WSJ
about the correct social discount rate to use in cost-benefit analysis. This thread explains how the essay includes examples of common pitfalls related to discounting.
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A powerful new executive order from
@GovernorLittle
today. It includes mandated repeals of rule chapters every 5 years, a regulatory cap, retrospective analysis requirements, & more... A best practice for sure. Other states should take notice, and DC too!
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My paper "The impact of economic regulation on growth: Survey and synthesis", coauthored with Bob Hahn, has been officially published in
@RegGov_journal
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I’m very excited that
@cgousu
has released a new book today: Regulation and Economic Opportunity, edited by Adam Hoffer & Todd Nesbit. The book is dedicated to the late great Jerry Ellig, and includes a chapter that might be his final published work. 1/
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One of the most overlooked topics in regulation is the regressive effects regulations have on the poor and small businesses.
Today I submitted a written statement to the Senate Committee on Small Business, reviewing some of the literature on this issue.
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The
@nytimes
writes an obituary for my PhD micro teacher, Walter E. Williams. He influenced a generation or more of economists at
@MasonEconomics
and elsewhere.
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I met Anna at an
@TheIHS
and
@Mercatus
event in 2013 in Fairfax
@GeorgeMasonU
. I was too shy to talk to the prettiest woman in attendance, but she approached me and the rest is history. We recently celebrated our 8th wedding anniversary. Lucky me.
I'm very proud of my talented and entrepreneurial wife
@AnnaE_Broughel
for organizing such a successful summer school program on digitization and sustainability at the Estonian Business School in Tallinn. It's been an amazing week (and it's not over yet)! Congrats Anna.
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@bryan_caplan
If I had to guess it was an even number like 1200 that gets automatically adjusted for inflation.
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I'm looking forward to speaking to Pennsylvania legislators this morning at a reg modernization event hosted by
@PAManufacturers
. Harrisburg is a great city. It's good to be back!
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Arrow's Impossibility Theorem. Is it overrated? I argue yes, in my latest blog post for
@Econlib
. One reason why is the "Independence of Irrelevant Alternatives" assumption, which I say is too restrictive.
@ATabarrok
@JustinWolfers
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I was extremely saddened to learn my former
@mercatus
colleague, Hayden Warlick, passed away in a fire earlier this month. Hayden was a smart, curious young man who I co-authored several articles with. He had huge potential. It's a tragic loss. RIP.
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NEW: "Biden opens the floodgates for more regulations." That's the topic of my latest column for
@WashTimesOpEd
. In the piece I explain how
@joebiden
has lifted all regulatory cost caps on executive agencies in Washington.
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A new
@mercatus
book compiles works of Jerry Ellig, an economist who influenced me greatly and was kind enough to serve on my doctoral committee. Jerry passed away a year ago, but his ideas and influence live on.
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It's fascinating to see how the fusion industry has grown over the last 30 years.
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This week, Washington became a hub of mutual admiration between tech magnates and political elites.
But the alliance forming between big government and big tech is grounds for concern, I argue in
@forbes
.
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My paper with Bob Hahn, on the apparant academic consensus that economic regulations hinder productivity and growth, is now available on SSRN
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Contra many economists, I'm a big fan of GDP as a measure of welfare.
However, I find these kinds of GDP comparisons across long timespans pretty problematic.
How many items in the picture on the right didn't even exist in Great Britain, circa 1800?
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.
@VanceGinn
has a great podcast with a great message.
I really enjoyed speaking with him about how regulations impact growth, opportunity cost, social discounting, my past life as a musician, and what inspires me to keep doing economics.
Please check out the video👇
Let People Prosper —
@VanceGinn
has a highly dynamic regular show. This week he visits with
@ceidotorg
’s
@JamesBroughel
.
Check it out.
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My latest publication is out in the Business, Entrepreneurship & Tax Law Review published by the University of Missouri Law School. I'm proud to be part of a symposium on regulatory reform with a truly impressive group of scholars.
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As someone who has asthma, I would certainly prefer that it were easier to obtain albuterol without constantly needing another visit to my physician. Is it that much to ask that I be able to accumulate a simple stash?
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The *inconvenient truth* about AI doomerism is it looks remarkably like climate doomerism.
Former Gore speech writer is the man behind the Biden EO on AI. Wake up populist Republicans.
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@markhouston2255
@rpyers
Me and a few colleagues are writing a paper now about the regulation-population relationship.
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Download my new book on regulations and economic growth for free:
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The case for AI regulation is surprisingly weak, especially when it is unclear what "safe" AI practices even look like. Still, there is a lot the private sector can do in the meantime, while the public sector waits for more information.
@ForbesCrypto
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Today, I am pleased to have a new report published from
@Liberty4pa
. The paper describes the regulatory environment in Pennsylvania and discusses opportunities to cut red tape and expand opportunities for PA residents.
Below are a few highlights. 🧵
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"the average time to complete an environmental impact assessment review under NEPA is four and a half years. For Federal Highway Administration projects, which are often large infrastructure projects, the average is over 7 years"
@permittingreform
@forbes
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@aliciaandrz
Worst years of my life, hands down. But the upside is, life just keeps getting better.
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@SOLS1176
@VanceGinn
@ceidotorg
The infant formula shortage was largely driven by regulation. Mostly trade barriers.
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OMB's "explainuations" in its explainer document to Circular A-4 are seriously lacking.
OMB doesn't even understand why it is discounting.
Market interest rates and consumer discount rates are two different things (even if they are equal under certain equilibrium conditions).
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I love the new
@ceidotorg
40th anniversary logo! I vote to make it permanent.
This year CEI celebrates 40 years of eliminating excessive regulation and unleashing human potential. We unveiled a new logo, through which we represent the fire of ingenuity that freedom ignites in all people. Learn more ->
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I weighed myself and have now lost over 20 lbs in 3 months. My basic routine, which is still evolving: ride an exercise bike 1 hour a day, do push ups and sit-ups daily, go to the gym 2x a week, and work with a personal trainer 1x a week. Also, less junk food & smaller portions.
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With Biden signing an important artificial intelligence safety executive order today, it's worth keeping in mind what is at stake when the federal government regulates AI.
Read my latest in
@TheHillOpinion
👇
Soon, AI will come to shape our daily experiences as consumers, workers and citizens. But regulation could constrain its vast potential to improve life, writes
@JamesBroughel
@thehill
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For the sake of democratic values and economic efficiency, Congress deserves a say in the rulemaking process. The solution: Compel Congress to vote on regulations.
@TheHillOpinion
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In my latest
@Forbes
column, I explain how the de facto TikTok ban threatens intellectual diversity online. Legal battles ahead will shape the future of social media.
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My paper with
@MichaelKotrous
on the costs and benefits of US state COVID-19 policies last spring is now out in
#COVIDEconomics
from
@cepr_org
. There’s lots of other good material in this issue as well.
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My latest for the Wall Street Journal explains how red and blue states alike are finding reasons to cut through red tape. Biden and his team should pay close attention, especially in areas like housing policy and infrastructure.
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The debt ceiling debate is creating an opening for permitting reform, and just in time
@elidourado
has some ambitious ideas for how to fix NEPA for good. That's the topic of my latest column for
@forbes
.
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Mississippi's
#TackletheTape
initiative under
@MichaelWatsonMS
and
@MississippiSOS
is showing how to tame occupational licensing boards and create jobs
@IdealPatricia
write about it in a new piece for
@Discourse_Mag
.
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@AlecStapp
I think the biggest issue is there is no alternative. There are a million kids with 4.0 GPAs and most essays will be written by AI. What is left?
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The saddest part about this tweet is all the replies that suggest my experience was in no way unique. We gotta do something about civil service reform.
I once got interviewed for a civil service job at a federal agency. I was recommended for a position by a friend. When the interview concluded, I asked what the next steps were. They said go on and find a job posting at their department that I seem
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