Posts by Craig Eyermann
Craig Eyermann is a Research Fellow at the Independent Institute and the creator of the Government Cost Calculator at MyGovCost.org.
Trump Administration Finds That Deregulation Is Getting Harder and Harder


Writing at the Washington Post, economics columnist Robert J. Samuelson considers the president’s track record on his deregulatory agenda and sees slower progress ahead. First, though, he notes several successes of deregulation:

California’s Hidden Checkbook


California’s State Controller, Betty Yee, is responsible for paying each of the state’s bills. Unfortunately for Californians, she may have just bought the state a costly lawsuit because she has refused to account for any of the 49 million checks her office writes each year, covering $320 billion in payments.

How to Rescue the U.S. Postal Service


The government-run U.S. Postal Service began in 2020 with a dubious track record. It has lost money in each of the past 13 years. In 2019, USPS made $514 million more in revenue than it did in its previous fiscal year, thanks to increases in postage rates and its package delivery business. But the...
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Federal Reserve Underwrites Washington’s Spending Binge


On October 11, 2019, the U.S. Federal Reserve announced it would begin buying billions of Treasury bills every month to ensure the nation’s banking system would have “ample reserves” through the end of 2019 as part of its efforts to help prevent a liquidity crisis from wreaking havoc in U.S. money markets.

Pentagon Announces New Strategy for Combating Price Gougers: Paying Attention


The U.S. Department of Defense has a big problem with part suppliers who exploit government regulations over time to jack up the prices of products far above what it costs to make them, costing taxpayers millions of dollars more than they should have to pay for them. In particular, the firm TransDigm has been...
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A Broken Track for California’s Zombie Bullet Train


California’s costly high-speed bullet train boondoggle has officially entered a zombie-like state of existence, neither truly alive nor fully dead.

Do Public Pension Shortfalls Mean You’ll Face a Tax Hike?


Public-employee pension plans across the United States are trillions of dollars short of what they need to pay out the generous retirement benefits politicians have promised state and local government employees.

All I Want for Xmas Is Fewer Regulations and Less Paperwork


2019 was another big year for reducing the burden of federal regulations on Americans, continuing a trend that President Trump initiated with Executive Order 13771 on January 30, 2017. That executive order set the goal that for every new regulation the administration generated, an average of two regulations would be eliminated. That’s something that...
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How Excessive Federal Spending Sparked a Liquidity Crisis


Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal in history” in late-July 2019, which forced the U.S. Treasury...
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“Crazy, Stupid” Federal Spending Proposals from Candidates of Both Parties


Thanks to the Bipartisan Budget Act of 2019, which has been described as “the worst budget deal in history,” the U.S. government will spend $57.9 trillion over the next 10 years, with $12.2 trillion of that spending requiring new borrowing that will add to the U.S. government’s bloated $22.7 trillion national debt. Those already...
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