Daily Policy Digest
Economic Issues
| California: Toxic for Business From 1992 to 2000 California added 777,000 more jobs from start-ups than it lost to closures, but it lost 262,000 more jobs than it gained between 2000 and 2008... |
| Is Federal Housing Administration the Next Housing Bailout? The Federal Housing Administration's liquid reserves currently amount to $30 billion, which represents only 3 percent of its potential liabilities ($1 trillion)... |
| Preventing Bubbles: Regulation versus Monetary Policy The Federal Reserve should restrain its preference for an absolutely free-floating exchange rate, as this embraces a highly cyclical economy of regular booms and busts... |
| Preventing Bubbles: What Role for Financial Regulation? One of the difficulties in calling on decision-makers to prevent bubbles is that bubbles are not so easily identified in real-time... |
| Financial Crises: Prevention, Correction and Monetary Policy To lower the likelihood of future financial collapses monetary policy should be directed toward price stability... |
| Supply: A Tale of Two Bubbles In 2006, at the height of the housing bubble, there was an excess of almost 600,000 housing starts -- an almost 40 percent increase in supply -- yet, prices continued to rise... |
| Where Keynes Went Wrong American taxpayers received less than 50 cents on the dollar of investment from the stimulus package... |
| What If Middle Class Jobs Disappear? Growth in employment in sales was 54 percent from 1979 to 1989 but was -7 percent from 2007 to 2009... |
| Three Dangerous Myths about Monetary Policy While headline inflation on a year-over-year basis was marked at 6 percent in September of 2008, this figure has fallen to 3.9 percent for the first three quarters of 2011... |
| The Material Well-Being of the Poor and the Middle Class since 1980 Over the past three decades, median income and average consumption have increased amongst the poor, and their access to physical assets such as air conditioning and personal clothing dryers has also improved... |
