Daily Policy Digest
Economic Issues
| Cyprus Deposit Tax Sets Dangerous Precedent Cyprus' deposit tax amounts to fraud and reveals the immense danger the European Union's banking system is still in... |
| Loan Guarantees Distort Free Market Loan guarantees deny capital to more competitive companies that would receive a loan if a failing business was not kept afloat by a guarantee... |
| The Role of China in the U.S. Debt Crisis It is thought that the Chinese own a large amount of the United States' public debt and are continuing to add to the debt in large amounts each year, but in reality, China only holds 8.4 percent of U.S. debt... |
| Agencies Must Reveal Impact of Regulation on Employment Above and beyond the simple job count statistic that agencies include in their cost-benefit analyses, agencies should estimate the employment effects associated with any regulation... |
| College Grads May Be Stuck in Low-Skill Jobs Demand for college-level occupations -- primarily managers, professionals and technical workers -- peaked as a share of the workforce in about 2000... |
| Workers Saving Too Little to Retire A 2012 report by the Employee Benefit Research Institute shows that 57 percent of U.S. workers reported less than $25,000 in total household savings and investments, excluding their homes... |
| Federal Guarantee of Multifamily Debt Market Exposes Taxpayers to Risk With more than 12 percent of the total housing stock considered multifamily rental housing, it is important for millions of Americans that the multifamily mortgage market operates correctly... |
| No Bank Is Too Big to Fail By the time the housing bubble burst, failure of large banks was not considered a plausible option given the perceived systemic risks... |
| Slow Economic Growth in 2013 Even if nominal gross domestic product (GDP) growth is larger than the Congressional Budget Office's official predictions for 2015 to 2023, GDP growth per year will only average 1.47 percentage points... |
| Central Banks Losing Autonomy The U.S. Federal Reserve is buying more than 90 percent of newly issued U.S. Treasury securities... |
