Daily Policy Digest

Was the Panic over Banking Runs Justified?

Total bank deposits actually increased during the 2007-2009 financial crisis period, suggesting that withdrawals were simply being moved to what were seen as stronger, healthier institutions...

Uber's Surge Pricing Model

Late night weekend rides using Uber are more expensive than daytime rides, because passengers are willing to pay more and fewer drivers want to work such late nights...

Mandatory Spending on the Rise

In 1962, mandatory spending was less than 30 percent of overall federal spending, but last year a whopping 60 percent of federal spending was "mandatory"...

Tax Reform in New York

New York's tax reform bill drops the corporate tax rate from 7.1 percent to 6.5 percent -- the lowest rate that New York businesses have seen since 1968...

Walgreens May Move to Europe for Tax Break

By redomiciling abroad, Walgreens could increase its earnings per share by a whopping 75 percent...

Online Courses for High School

In 2013, Governor Rick Scott of Florida signed a law allowing massive open online courses (MOOCs) to be taken for high school credit in any subject in which the state gave an end-of-year exam...

Sales Tax Relief Fund

Sales tax collections have increased for 46 months straight in Texas through January 2014, and they constitute 55 percent of total state tax collections...

Medicaid Expansion under the Affordable Care Act

By shifting to a system of finite block grants to the states, the incentives that encourage higher Medicaid spending would disappear...

Bailout on Track to Cost Government $27 Billion

The enormous bailout of the U.S. financial system at the height of the financial crisis in fall 2008 is on track to cost the federal government $27 billion...

Price Fixing in Construction Contracts

By mandating higher wages (and because of the inefficiency of union work rules), the David-Bacon Act probably increases construction costs by 15 percent to 20 percent...


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