Economy (page 94)

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    Watch out for the Fed

    Desmond Lachman warns in a U.S. News column that no one really knows what’s likely to happen when the Federal Reserve reverses course. Perhaps as early as September, the Fed plans to start reducing its balance sheet by $10 billion each month by not reinvesting the proceeds of…
    Mitch Kokai, July 31, 2017
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    Grading the Trump economy

    Gene Epstein of Barron’s looks at American economic performance during the first full calendar quarter of President Trump’s administration. Epstein concludes “it was not stellar.” The growth of gross domestic product in the April-June quarter ran an annualized 2.6%, an expected rebound from the usually sluggish first quarter,…
    Mitch Kokai, July 31, 2017
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    “Today, more than 1 in 4 Americans need a license to legally perform their work”

    JLF’s Jon Sanders and Becki Gray have for years urged policymakers to rethink the idea of requiring licenses for certain occupations — dozens of them, in fact. Now President Trump’s Labor Secretary is taking up licensing reform as well. From the Daily Caller: “In 1950, only about 1 in 20…
    Donna Martinez, July 25, 2017
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    Talking tough, acting smart on trade

    The latest Bloomberg Businessweek reports that the Trump administration’s bark has not matched its bite when it comes to the North American Free Trade Agreement. Donald Trump has gone squishy by stages on the North American Free Trade Agreement, which he once called “the worst trade deal maybe…
    Mitch Kokai, July 24, 2017
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    Change federal policies to help the economy grow

    John Cogan, Glenn Hubbard, John Taylor, and Kevin Warsh of the Hoover Institution believe changes in key federal policies could produce significant improvement in economic growth. Economic theory and historical experience indicate economic policies are the primary cause of both the productivity slowdown and the poorly…
    Mitch Kokai, July 24, 2017
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    Bank deregulation on the way?

    William Cohan’s cover story in the latest Barron’s focuses on avoiding potential pitfalls while rolling back banking regulations. Regulatory relief for the country’s big banks may soon be on the way—and not a moment too soon. For seven years, the unintended consequences of the Wall Street Reform and…
    Mitch Kokai, July 24, 2017
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    Criminalizing teen entrepreneurs

    Anthony Bradley explains in a Washington Examiner column how the nation’s capital is blocking urban teens from exercising entrepreneurial skills. On a hot and humid 88-degree summer day in Washington, D.C. in June, three teenagers were handcuffed and detained for selling water. Yes, water. The teens were not…
    Mitch Kokai, July 18, 2017
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    New Carolina Journal Online features

    Carolina Journal Online highlights a new John Locke Foundation report on the negative impact of an economic concept dubbed the “special interest effect.” The Daily Journal explains why those who label the N.C. General Assembly “illegitimate” ignore key facts in recent political history.
    Mitch Kokai, July 18, 2017