Daily Policy Digest

Economic Issues

Your Mortgage, Their Rent

The housing finance reforms that have the most bipartisan support appear to do nothing about the perverse capital requirements that penalize banks that originate safe loans while rewarding banks that hold securities backed by dodgy loans...

Stimulus Is Not the Solution to Greece's Economic Woes

Most New Deal programs had a multiplier effect on the private sector that was either small or sometimes even negative...

The Social Responsibility of Economists

The only social responsibility of economists is to maximize their career advancement within the scientific community of economists...

Troubled Teens Are More Likely to Be Successful Entrepreneurs

Self-employed workers with incorporated businesses were almost three times more likely to engage in illicit and risky activities as youth than were salaried workers...

You Don't Need Uncle Sam to Purchase a House

The American dream is not reflected in homeownership, but in the ability to decide for oneself whether the positive aspects of homeownership outweigh the costs and headaches of it...

Obama's Economic Approval Falls

According to a new poll, just 35 percent of Americans approve of the president's job on the economy, down from 42 percent in June; 62 percent disapprove...

The Minimum Wage Myth

Decades of separate empirical research indicate that minimum wages increase unemployment, especially among teenagers...

Low Pay Clouds Job Growth

More than half the job gains in the most recent jobs report were in the restaurant and retail sectors, both of which pay well under $20 an hour on average...

Signs of Declining Economic Security

Four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream...

Cities Starting to Hire New Workers

Monthly jobs data show local governments, which make up about 65 percent of the overall government workforce, added workers in seven of the past eight months, the longest such streak in five years...


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