Daily Policy Digest

Economic Issues

The Federal Reserve's Lackluster Record Good Reason to Reform

The Fed has strayed so far from the classic prescription for a lender of last resort—to provide short-term funds to solvent institutions at penalty rates—it strains all reason to suggest that it has successfully fulfilled that function...

The National Debt Climbs Despite Shrinking Deficits

While deficits have shrunk in recent years, the national debt remains at record high levels and trillion-dollar deficits are projected to return within a decade...

If You Want More Money and More Freedom, Move to a Red State

Of the four largest states, from 1990 to June 2014, the jobs growth rate in red states Florida (46 percent) and Texas (65 percent) has been almost triple the jobs growth of blue states California (24 percent) and New York (9 percent)...

There Is Not Much to Show for the Summer of Recovery

Borrowing $830 billion back in 2009 did not improve the economy...

Are Africa's Economies Growing While Poverty Increases?

The number of people in Africa reportedly living under $1.25 a day has continued to creep upwards from 358 million in 1996 to 415 million in 2011...

Good Jobs and The Prospect of a Better Future is More Important than Good Intentions

The black suburbanites in Baltimore not only make more money than their urban counterparts but their life expectancy is at least eight years longer...

Lack of Demand Hurting the Economy

If investors are unable to earn interest on a safe investment such as a Treasury bond or a bank's certificate of deposit, they will naturally seek riskier assets to generate income...

Minimum Wage Hurts Small Business in San Francisco

While forcing hundreds of Bay Area small businesses to close, cut staff, or overhaul their practices, San Francisco lawmakers have given multimillion-dollar tax breaks to lure or keep technology giants...

Lessons From Japan's Lost Decades

Economists have found that prices in Japan have not increased since the mid-1990s...

Open and Operating Ports Put Cash in Worker's Pockets

During the West Coast port slowdown of 2014–15, apple farmers lost $19 million per week...


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