Daily Policy Digest

Economic Issues

Number of Banks in United States at Lowest Levels

The number of federally insured institutions in the United States was at 6,891 in the third quarter of this year -- the first time that the number has dropped below 7,000 since the federal government began tracking these numbers in 1934...

Is There a Strong Case for Increasing the Minimum Wage?

Most of the workforce -- 70 percent -- is subject to state minimum wages that exceed the federal minimum wage...

Banking Proposals in United States and Britain Threaten Growth

New banking proposals in both the United States and United Kingdom will have adverse effects on credit availability, global capital flows and the world economy as a whole...

Deflation Risk in Europe and the United States

Quantitative easing sparked widespread fears of inflation, and the focus on the potential for hyperinflation led many to fail to notice a drift toward deflation...

Big Hike in Minimum Wage Will Be Self-Defeating For Workers

If higher wages are forced on the fast food industry, capital eventually will replace labor in that industry, as it has done in retail, says Pamela Villarreal, a senior fellow with the National Center for Policy Analysis...

New Banking Regulations Are Too Complex

Basel III is by far the most complex set of bank regulations that have ever been attempted, and the compliance costs are high for small and large banks alike...

Did India's Child Labor Ban Increase Child Labor?

India's 1986 ban on child labor actually led to increases in child labor while decreasing children's wages...

The Economic Costs of E-Verify

The Congressional Budget Office estimated in 2008 that mandatory nationwide E-Verify would decrease federal tax revenue by $17.8 billion dollars over the course of a decade...

Three Economies + Three Policy Paths = Several Lessons

The report cards are in for the world's biggest developed economies, and their contrasting economic policies offer a few lessons...

Unorthodox Monetary Policies: Watch Out for Unintended Effects

Recent capital flows and currency movements have been particularly disruptive to the emerging-market economies, which have been the main engine of global economic growth...


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