Daily Policy Digest

The United Kingdom's Experience with Lower Corporate Tax Rates

Lowering the corporate income tax rate -- even substantially -- would not produce increased investment and other expected benefits if accompanied by a lengthening of asset lives...

The Effects of Living Wage Laws

One study found that a 100 percent increase in the living wage reduces employment for low wage workers by 12 percent to 17 percent...

The Affordable Care Act and the Rule of Law

The Affordable Care Act represents a breakdown in the rule of law and has done long-lasting damage to our constitutional order...

Union-Funded Study Understates Public Pension Costs

A new union-funded study understates the costs of public employee pensions while overstating the costs of corporate welfare...

Pilot Shortage Hurts Airlines

Airlines have long been anticipating a large wave of pilot retirements, but it has come earlier -- and has been more severe -- than companies expected...

Endogeneity and Quantitative Easing

The Federal Reserve's use of quantitative easing and stimulus are becoming less and less effective as a result of "endogeneity" -- a practice of taking measures that can be predicted in advance...

Does California's "Right to Know" Law Provide Too Much Information?

In California, there is little, if any, evidence that the state's "right to know" law has significantly reduced the frequency of cancer in the state...

The Fed's Low Interest Rates Do Not Encourage Investment

Only 8 percent of CFOs interviewed would increase business investment in response to a 1 percent drop in interest rates...

Fracking Keeps Heating Bills Down

While the increased demand due to cold weather has raised natural gas prices, the jump in price has not been as extreme as in past cold snaps...

Problems with the President's myRA Plan

The president's myRA retirement accounts actually incentivize using the plan for immediate investment benefits, not long-term savings...


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