Economy

The Wage Gap Myth

Tuesday, April 16, 2002, is Equal Pay Day - the day on which many organizations protest wage discrimination between men and women. According to the U.S. Bureau of Labor Statistics, the median income f…

Giving a Leg Up to Bootstrap Entrepreneurship

The regulatory climate for very small, neighborhood-based businesses, or microenterprises, in large American cities can significantly influence urban economic dynamism. Case studies of Boston, Dallas,…

Creating Factories Behind Bars

The Bush administration has announced its intention to reach across party lines and look at old problems in new ways. Perhaps nowhere would this strategy reap a greater harvest than in jointly allevia…

Should the Fed Raise Margin Requirements?

On March 21, the Federal Reserve raised both the federal funds rate (the interest rate banks charge each other on loans) and the discount rate (the interest rate the Fed charges banks) by another 25 b…

The Right Stuff: America's Move to Mass Customization

Things used to be made to order and made to fit. But they were labor-intensive and expensive. Mass production came along and made things more affordable, but at a cost - the cost of sameness, the cost…

Why Not Abolish the Community Reinvestment Act?

Before a bank can merge with another bank - or even open a new branch - it must get permission from federal regulators. And in giving that permission, regulators are obliged by the Community Reinvestm…

Foreign Dollar Holdings and the U.S. Money Supply

One of the most important of all economic indicators is the money supply. Most economists believe that it plays a major role in the level of interest rates, inflation and real growth in the economy. T…

Europe's Underground Economies

The underground economy also known as the second economy, parallel economy, unofficial economy, informal economy or just the black market is a phenomenon known throughout the world. It exists wherever…