Daily Policy Digest

Economic Issues

Evaluating the Cost of Global Problems

In economic terms, the cost of poor health at the outset of the 20th century was an astounding 32 percent of global gross domestic product; today, it is down to about 11 percent, and by 2050 it will be half that...

Assessing Free Trade Zones

Free trade zones can produce several negative results including a strong mafia presence, massive counterfeit operations, tax evasion, money laundering and even terror financing...

Too Much Government Causes Sluggish Economic Growth

From the end of the recession in 2009, real economic growth in the United States has averaged less than 2 percent, which means that it will take around 35 years for real income to double...

Has Income Inequality Really Risen?

A variety of approaches show that inequality between the bottom and middle has not grown since the 1980s...

Free Market Falsehoods

An "ideal" economic system is not one in which no one ever makes a mistake; it is one in which the mistakes that people inevitably make are corrected as effectively as possible...

Housing Prices Rebound

The average house price went up over 12 percent from July 2012 to July 2013, according to the S&P/Case-Shiller house price index...

Why Economic Growth Is Getting Harder

Growth in real U.S. gross domestic product per capita has fluctuated fairly closely around an average annual rate of approximately 2 percent; there are strong reasons for doubting that this historic norm can be maintained...

Is the United States Canada's Socialist Neighbor to the South?

Since 2005 Canada has been more economically free than the supposed laissez-faire wonderland of the United States -- and the gap is widening...

Too Many Americans Are in Homes They Can't Afford

One in eight families getting a Federal Housing Administration loan from 1975 to 2011 has already been or will end up in foreclosure; that's over 3 million families...

Refocusing the Fed

Although the Federal Reserve's original purpose was primarily to provide liquidity during financial crises and ensure a low and stable rate of inflation, it is now expending more energy on targeting lower unemployment and higher growth...


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