Daily Policy Digest

Economic Issues

National Minimum Wage Hurts Low-Cost Areas

In low-cost areas, an employer cannot raise his prices to compensate for a 40 percent increase in the minimum wage up to the proposed $10.10 per hour...

Thoughts on Income Inequality

What most Americans understand about inequality is based on three false assumptions: that inequality is inherently unjust, that it is bad for the economy and that government redistribution is the best remedy...

Bleak Prospects for Long-Term Unemployed

Only 11 percent of the long-term unemployed in a given month return to full-time employment a year later...

Obama's Trade Agenda

People and countries should focus on the things that they do well, while being encouraged to trade for other goods and services...

Low Interest Rates Hurt Seniors

The Federal Reserve's low interest rate policy hurts older Americans...

The Poor Are Not Getting Poorer

Over half of taxpayers moved to a different income quintile from 1987 to 1996 and from 1996 to 2005...

Get Rid of Zoning Laws

Zoning laws with a free market would ultimately lead to the most efficient outcomes, as developers and residents bargain for property rights...

Economic Freedom Helps Poverty More Than Government Aid

Increasing the freedom of a state by one unit (the equivalent of the 40th freest state becoming the 7th freest state) increases the income of the poorest residents by 11 percent and the incomes of the top 20 percent by 4.3 percent...

Getting Rid of Investor-State Dispute Settlement

The Investor-State Dispute Settlement mechanism weakens the rule of law, forces public subsidization of investment risk and encourages outsourcing...

America Needs to Rethink Retirement

A 2005 study of Japan found that increasing the retirement age from 60 years old to 65 years old could raise per capita gross domestic product by 10 percent by the year 2025...


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