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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
A National Minimum Wage Is a Bad Fit for Low-Cost Communities Andrew Biggs and Mark J. Perry 03/26/2014
A one-size-fits-all minimum wage, without any adjustments for the significant differences in the cost of living across the country, will disproportionately affect low-skilled workers in low-cost areas.
Senator Warren Gets Taken In by a False Analysis Peter J. Wallison and Edward J. Pinto 03/17/2014
A St. Louis Fed paper is being cited as 'proof' that affordable housing goals did not contribute to the subprime mortgage boom. While it might delight some lawmakers by supporting their position, the paper’s analysis is mistaken.
Tempest at a Tea Party James V. DeLong 03/16/2014
For 50 years, the IRS has been exceeding its authority. The agency should get out of the business of regulating political speech.
San Francisco's Growing Class Conflict Scott Beyer 03/11/2014
Instead of protesting better private transportation for others, San Franciscans should demand improved public services.
Do We Really Need a Larger IMF? Desmond Lachman 03/09/2014
Several developments should cause the U.S. Treasury to reverse itself in favor of a smaller International Monetary Fund.
How to Avoid Another Global Financial Crisis Alan Greenspan 03/06/2014
Human emotions and animal spirits are increasingly driving economic outcomes.
One Step Closer to Tax Reform Alex Brill 02/27/2014
House Ways and Means Committee Chairman Dave Camp’s tax reform proposal shows political courage and embraces admirable policy objectives.
Motor City's Next Moves Scott Beyer 02/27/2014
Detroit recently submitted its financial restructuring plan to court and approved a privatization deal. Here are several other proposals for turning the city around.
GDP and Measuring the Intangible Arnold Kling 02/26/2014
GDP statistics lead us to take an overly pessimistic view of the economy. There is no Great Stagnation. There is only a widening gap between the rate of economic improvement and our ability to measure that improvement.
Keystone XL: Sachs Strikes Back Benjamin Zycher 02/20/2014
Fact-free he began and fact-free he remains.