Daily Policy Digest

Economic Issues

Dubious Claims from the Federal Reserve

Federal Reserve Chair Janet Yellen testified that the Fed would be able to keep inflation in check. But as Carnegie Mellon professor Allan Meltzer explains, no country in history has been able to finance big budget deficits with central bank money and avoid inflation...

How Much Does Regulation Burden Employment?

For every $1 billion in new regulatory costs, employment in the regulated industry declines 3.6 percent. For an average industry, that is a loss of 8,101 jobs for every $1 billion in regulation...

The Best Anti-Poverty Tool: Jobs

Research indicates that those who find a job after losing one experience reduced earnings for up to two decades afterwards...

Free-Market Principles for Agricultural Policy

Farmers should be able to succeed on their own merits, not require subsidies in order to succeed. Ensuring that farmers are profitable is not the role of the government...

How to Boost the Economy

By allowing natural gas exports, the U.S. could sell gas to Europe and Asia, undercutting Russia's market. Right now, more than two dozen natural gas export applications are waiting for approval at the Department of Energy, some of which have sat there since 2011 and 2012...

Why Unions Support Minimum Wage Hikes

While businesses are forced to slow down hiring and lay off workers when the minimum wage rises, unions see more money and their workers receive higher wages...

Our Weak Economic Recovery

Economic growth since the end of the financial crisis has been significantly weaker than in other recoveries...

Government Pays Contractors Three Times Market Rate

In New York City, the median hourly salary for window installers is $18.87. But for government contractors, even the most inexperienced installers make $42 hourly...

Labor Shortage Causing Higher Home Prices

While homebuilding markets are recovering in many cities, many contractors are having difficulty finding skilled workers. They have boosted worker pay in order to attract labor, passing those higher wage costs onto home buyers...

Is Disability Contributing to Women's Declining Employment?

The labor force participation rate for women is the lowest in more than a decade, and it has dropped from its 1999 peak of 60 percent down to 57.2 percent in 2012...


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