Economy

The Federal Reserve’s Third Quantitative Easing: QE3 Sets Sail

Beginning in late 2007, the Federal Reserve eased monetary policy aggressively to deal with the emerging financial crisis and the recession that grew out of it. By the end of 2008, the federal funds r…

The JOBS Act: Reducing the Regulatory Burden on Small Businesses

The unemployment numbers show that employers are still struggling to create jobs. Two distinctly different approaches to job creation have been proposed at the federal level. One piece of legislation,…

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…