Daily Policy Digest

Economic Issues

Thirteen States Raise Pay For Minimum-Wage Workers

On January 1, 2014, state minimum wages became higher than the federal requirement of $7.25 an hour in 21 states, up from 18 two years ago...

Reasons behind the Euro's Puzzling Strength

The political paralysis in Washington is causing economic distress in Europe; unfortunately, there is precious little Europe's leaders can do to correct the problem...

Why the Volcker Rule Will Harm the U.S. Economy

Markets are going to move more slowly in response to the Volcker rule, and costs will go up for all companies that issue securities to finance their activities as well as companies that purchase securities for investments...

Is Bitcoin Real Money?

Bitcoins meet most of the criteria of money; but what ultimately gives money value is that it is accepted by others in trade for something of value and that is why scrip like Bitcoin doesn't work...

How Free Is North America?

In the world-adjusted index, Alberta, Canada, ranked highest for freedom, followed by Saskatchewan; Delaware was in third place, followed by Texas...

Only a Private Housing Finance Market Can Produce Stability

In 1957 Congress reduced the down payment requirement for Federal Housing Administration (FHA) loans to 3 percent to stimulate housing demand; by the late 1960s, foreclosures were 16 times higher for FHA mortgages than they had been in 1953...

Retirement Security Lags Asset Gains

Despite gains in the stock market and the rebound of housing values, there was only a modest improvement in the National Retirement Risk Index -- half of households were figured to be "at risk," up from 44 percent in 2007...

Fed Comes Out against Replacing $1 Bills with Coins

The Federal Reserve estimates that over 30 years, the U.S. government's costs to produce $1 coins exceed the costs to produce $1 notes by $6.9 billion...

Minimum Wage Causes Problems for Small Businesses

The SeaTac wage hike represents a 63 percent increase in pay, and it is the highest municipal minimum wage in the country...

Minimum Wage Primer

In 2011, 78.7 percent of minimum wage earners were not in poverty...


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