A federal job guarantee would be monumentally expensive, return only limited value from the participants’ work, entail administrative challenges nearly impossible to solve, and be potentially disastrous for economic growth and the private labor market.
Not only does our politics drive a wedge between the public and the political community, but it places certain privileged political actors in a position to be tyrants over their fellow citizens. They govern over and not with others in the society under examination.
In the years leading up to December 2007, there was a growing chorus declaring the end of business cycles. Clearly, business cycles have not gone away, and AIER’s research, contained in our new study, The Changing Nature of Recessions, shows that recessions have changed in troubling ways.
There is no single winning strategy for retirement drawdowns. But there are ways to construct a balance between needlessly underspending and threatening long-term security.
Vol. LXXIX, No. 5 | March 19, 2012
Striking increases in fuel efficiency since the first oil shock dampen the impact of a rise in costs. What’s more, only half of the retail spending on gasoline flows out of the economy.
Vol. LXXIX, No. 2, February 6, 2012
In a formal departure from its longstanding dual mandate, the Federal Reserve commits to a new course. But how long will it last?
by Steven Cunningham, PhD, Director of Research and Education