A government action against “junk fees” will result in the additional fees being bundled into a single, overall price, whether it’s a concert ticket, a new car, or some other item. Ironically or not, the opaqueness of blending all of those fees together makes it much easier to raise any or all of those fees over time.
Peter C. Earle
Peter C. Earle is an economist and writer who joined AIER in 2018 and prior to that spent over 20 years as a trader and analyst in global financial markets on Wall Street. His research focuses on financial markets, monetary issues, and economic history. He has been quoted in the Wall Street Journal, Reuters, NPR, and in numerous other publications. Pete holds an MA in Applied Economics from American University, an MBA (Finance), and a BS in Engineering from the United States Military Academy at West Point. Follow him on Twitter.
The False Face of SBF, FTX, and ESG
FTX and its subsidiaries, guided by SBF, had as much to do with “building a flourishing future” as ESG does with “creating a livable planet.”
Biden Scapegoats ‘Mom and Pop’ Gas Station Owners For Rising Gas Prices
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To Fix the Shipping Crisis, Start by Repealing the Jones Act
The Jones Act, more commonly known as Section 27 of the Merchant Marine Act of 1920, restricts foreign-owned ships from loading cargo in one US port and unloading it in another.
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Three – No, Four – Cheers for Space-Travelling Billionaires
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Lockdowns Have Killed What’s Left of the United Nations’ Credibility
In the year 2020, the United Nations has effectively stood as a bystander and partial accomplice amid the most widespread violations of human rights at any time in its seven-decade history.
The Real Record of the Reconstruction Finance Corporation (1932)
The Reconstruction Finance Corporation (modeled after the earlier War Finance Corporation) was created in early 1932 under the Hoover Administration as what amounted to the “discount lending” facility of the Federal Reserve System: it would lend to financial institutions chartered by states and in rural areas.
COVID-19 Response: Why Should the U.S. Copy China Rather Than South Korea?
The South Korean government has brought about superior outcomes than the much heavier handed, authoritarian measures of China, Italy, the U.S., and virtually every other afflicted nation.
Obama’s New Documentary American Factory
American Factory is at its core a damning snapshot of American labor entitlement.
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