Economy

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…

Financial Crisis: The Fall of the House of Cards
Each financial crisis is different, yet they all feature financial institutions making promises they cannot keep. The conventional explanation for the 2008 financial crisis and recession is that it wa…
Fiscal Policy and Economic Recovery

The Obama administration is committed to using federal spending over the next few years in hopes of turning the economy around. It will be funded by continuous, massive budget deficits. Will deficit s…

Workplace Flexibility versus Unpaid Leave

The Family and Medical Leave Act of 1993 (FMLA) requires employers to allow employees to take 12 weeks of unpaid leave annually for a serious illness, to care for an immediate family member, or follow…

Mark-to-Market Accounting: Shooting Ourselves in the Foot

One of the main causes of the 2008 financial crisis and current recession was subprime mortgages, which are home loans to borrowers with low credit scores, little or no down payment and high levels of…

Optimal Taxation, Economic Growth and Income Inequality in the United States

Up to a point, government spending on public goods - such as national defense and protection of property - can raise the economic growth rate. However, as government spending rises, the tendency is to…




 
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