Daily Policy Digest

Economic Issues

Refocusing the Fed

Although the Federal Reserve's original purpose was primarily to provide liquidity during financial crises and ensure a low and stable rate of inflation, it is now expending more energy on targeting lower unemployment and higher growth...

Dodd-Frank Will Be Paid for by the Poor

Nearly 1 million people were shut out of mainstream banking completely from 2009 to 2011, according to the Federal Deposit Insurance Corporation...

The Inequality Illusion

In general, the findings are that people of all income levels now have access to many more material possessions than they did in the 1980s...

Labor Force Shrinking, Disability Claims Rising

Between 2007 and 2012 the number of applicants for Disability Insurance shot up from 11.2 per 1,000 working-age people to 14...

The Causes of Greece's Debt Crisis

The market's perception that Greek sovereign debt represented a safe investment -- probably founded on the expectation of a bailout by core countries -- suppressed the effect of sovereign credit risk on Greek interest rates...

Fed Policy: Good Intentions, Risky Consequences

Some of the actions the Federal Reserve has taken to address the financial crisis and the slow economic recovery, while well intentioned, have created some long-term risks for the economy and for the Fed as an institution...

Should Policy Attempt to Avoid Financial Crises?

Financial crises may play a role in generating output declines, but they do not appear to be so deleterious that policy should be obsessed with avoiding them...

Economic Freedom of the World

Ranked against other nations, the United States is 17th in terms of economic freedom...

How Economic Freedom Promotes Better Health Care, Education and Environmental Quality

Economically freer countries throughout the world continue to outperform their repressed counterparts on environmental protection...

Strengthening Our Financial System

Capitalism and fractional reserve systems are very successful systems, but they also are volatile...


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