Daily Policy Digest

Economic Issues

Economic Gains from Eliminating Travel Visas

By eliminating travel visas, the United States could see an increase of 45 million to 67 million tourists each year, which adds up to somewhere between $90 billion and $123 billion in visitor spending...

One in Six American Men Not Working

More than 10 million men ages 25 to 54 do not have jobs today, a function of the slow economy as well as technology and globalization...

Employment Rate Falling for Older Populations

A Swiss study found that permanently reducing retirement benefits by 3.4 percent would result in a 50 percent decline in retirement probability...

The Effects of Living Wage Laws

One study found that a 100 percent increase in the living wage reduces employment for low wage workers by 12 percent to 17 percent...

Endogeneity and Quantitative Easing

The Federal Reserve's use of quantitative easing and stimulus are becoming less and less effective as a result of "endogeneity" -- a practice of taking measures that can be predicted in advance...

The Fed's Low Interest Rates Do Not Encourage Investment

Only 8 percent of CFOs interviewed would increase business investment in response to a 1 percent drop in interest rates...

Banks Steer Clear of Risky Customers

Last year, J.P. Morgan dumped 2,000 customers in an attempt to reduce its regulatory risk...

Sweden's Swing toward a Free Market

In the 1990s, Sweden elected its first conservative government since World War II, which began cutting taxes on businesses and individuals; since then, entrepreneurs have emerged...

Minimum Wage Executive Order Has Unintended Consequences

As Congress is not likely to increase funding for federal contractors forced to comply with an executive order to increase the minimum wage, those companies will likely have to lay off workers to keep costs level...

Upward Mobility Has Not Declined

Ten years ago, 20 percent of children born in the middle income distribution found their way to the top; that figure is the same today...


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