Daily Policy Digest

Economic Issues

Are Government Revenue Projections Biased?

While agency actors undoubtedly would like to protect their own reputations for accuracy, there is likely to be political pressure on them to produce favorable economic growth forecasts...

Another Housing Crisis on the Way?

There has been no real reform in the mortgage industry and there is unlikely to be real reform anytime soon...

Taxi Cartels in Chicago

In Chicago, cab companies generally purchase the medallions and rent them out to drivers; in 1991, they cost only $28,000, increasing to $79,000 in 2006 and up to today's staggering price of $360,000...

Which Policies Bring Economic Growth?

A review of 528 economic policy articles published from 1992 to 2013 presents strong evidence that limited, not big, government is best for economic progress...

The Truth about the One Percent

The federal government raised $900 billion in individual income taxes in 2010, $350 billion of which came from the top 1 percent...

Why It Is So Hard to Figure Out What the Stimulus Did

The idea behind a stimulus is that it creates a multiplier effect, with every dollar of government spending producing more than a dollar's worth of economic gain; the problem is that economists do not at all agree as to what an appropriate multiplier is...

A Solution to Regulatory Accumulation

One study found that the accumulation of regulations between 1949 and 2005 slowed down economic growth by an average 2 percent per year...

Dodd-Frank Act and Mortgage Reform

The actual features of the mortgage market that most directly led to the financial crisis are either not addressed by the new Dodd-Frank laws or have only been made worse by regulations...

Economy Growing Slowly Due to Antigrowth Policies

The slow economic recovery has cost the United States $1.3 trillion in gross domestic product compared to past economic recoveries, according to a study from the Joint Economic Committee...

Minimum Wage Hike Could Cost 500,000 Jobs

A Congressional Budget Office report concluded that a minimum wage increase to $10.10 would lift 900,000 workers above the poverty line, but cost 500,000 jobs...


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