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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
‘The American Banking System Might Not Last Until Monday’ Alex J. Pollock 08/23/2014
Learning from the crises you’ve forgotten.
Good News for U.S. Capital Markets Peter J. Wallison 08/08/2014
The FSOC’s decision to back away from SIFI designations has major implications for the regulation of ‘shadow banking.’
In Defense of Price Gouging and Profiteering Benjamin Zycher 08/07/2014
If you don’t like price rationing, please explain how limited supplies of a good are to be allocated.
A Bipartisan Consensus on How to Fight Poverty? Arnold Kling 08/06/2014
In an otherwise bitterly partisan political environment, two recent policy proposals from both sides of the aisle share core ideas for reforming anti-poverty programs.
The Long-Hours Luxury Tino Sanandaji 08/04/2014
One factor that is often overlooked in the debate over causes of income inequality is a shift in the distribution of working hours. The rich now work more than the poor.
It's Time for Real Reform of Veterans' Health Care Joseph Antos 07/31/2014
The Miller-Sanders bill addresses the immediate crisis, but underlying structural defects must be corrected if we are to avoid more problems again soon.
Are Rising Health Care Costs Creating a Retirement Crisis? Andrew G. Biggs 07/26/2014
Progressives are proposing expensive expansions of Social Security, but the retirement crisis is overblown.
No Free Lunch for the ECB Desmond Lachman 07/25/2014
The IMF is urging the ECB to implement massive quantitative easing, but such a course of action is unlikely to promote short-term economic growth and would risk creating bigger bubbles in many asset markets.
How Risky Is It to Be Uninsured? Christopher J. Conover 07/23/2014
Our hodgepodge of efforts to help the uninsured have substantially reduced the incentive to buy coverage.
Uber Upstarts: Technological Progress and Its Discontents Michael M. Rosen 07/18/2014
The battle between new smartphone-enabled 'transportation network companies' and legacy taxicabs largely mirrors the age-old war over productivity, a war that only ever has one outcome.
 
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