Economy

The Dodd-Frank Act versus the Rule of Law

In response to the 2008 financial collapse, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank increased regulation of banks, stockbrokers, insurers and other fi…

Privatization and Competition in New York City Transit

Our nation has gone to great lengths to protect people from private monopolies through the Sherman and Clayton Antitrust Acts, the Justice Department’s antitrust unit, and public service commissions t…

Which Federal Policies Help or Hurt Economic Growth?

In the last several years Washington has experimented with larger economic interventions than ever before — yet, year after year, the economy merely trudges along.  The recovery from the 2008-2009 rec…

A Better Way to Track Unemployment

The headline unemployment rate fell to 8.2 percent for June 2012 — down from 9.1 percent one year earlier. A declining unemployment rate is encouraging. But some of the improvement has come from those…

Using Staffing Companies to Reduce Unemployment

More than 75 years since the system was created, unemployment insurance is still a contentious issue. Whether the problem is a lack of available work or the resistance of the unemployed to seek new…

The Disappearing Gender Wage Gap

A single, oft-cited statistic is that women make 79 cents for every dollar that men make doing the same work. However, that average number fails to account for factors aside from discrimination that c…

America's True Debt - The Fiscal Gap

Our country is in far worse fiscal shape than its $14 trillion -- and rapidly growing -- official debt suggests. Indeed, that figure measures just a small portion of the government's total liabilitie…

Financial Crisis: Lessons Learned

There are many critical lessons to be learned from the financial crisis that began in the fall of 2008 and how it has since been handled. The federal government responded aggressively - at a huge cost…