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    The Fed Inflation-Unemployment Trade-Off: Outlasting the Energizer Bunny

    George Selgin has a new post on the Free Banking Blog that highlights the economic quandary the Fed now has the U.S. in. The post uses subtle sarcasm to make an excellent point, but many readers may miss Selgin’s main idea. Selgin starts by discussing the current policy debate surrounding … More

    Economy Still Growing Too Slowly

    The Bureau of Economic Analysis’s (BEA) first estimate of economic growth for the third quarter of this year shows an economy that continues to grow at a plodding pace. According to BEA, the economy grew at 2.8 percent from July 1 through September 30. This was slightly faster than the … More

    The Fed’s Monetary Policy Matters, Too

    It’s easy to get distracted with news like the guessing game of who will replace Ben Bernanke. But the more important issue is: What is the U.S. doing with its monetary policy and why? What we’ve learned about monetary policy since the Fed was created is surely more important than … More

    Next Fed Chairman: Independence Is Paramount

    Larry Summers withdrew his name from consideration for the next chairmanship of the Federal Reserve. The office currently occupied by Ben Bernanke wields enormous power over short-run economic changes. Poor decisions at the Fed can cause recessions or boost markets briefly. For that reason, the most important feature of the … More

    U.S. Should Support Full Integration of Taiwan into Regional Economy

    A growing economic relationship between Taiwan and India would be a very positive development in Taiwan’s effort to become fully integrated into the regional economy. The U.S. should encourage it. Taiwan hopes that a recent report funded by India’s Ministry of External affairs and released by India’s Council for Research … More

    Left Claims 80 Percent of Americans "Economically Insecure"

    Eighty percent of U.S. adults are “economically insecure,” according to media reports of a new study. But just what is “economic insecurity”? Are most Americans experiencing severe hardship? The measure of “economic insecurity” used by the researcher, Mark Rank of Washington University in Missouri, gives no understanding of a household’s … More

    Economic Growth Remains Too Slow Because of Policy Uncertainty

    Today’s report on gross domestic product (GDP) shows that not much changed in the economy during the second quarter. The Bureau of Economic Analysis’s initial estimate shows that economic growth was just 1.7 percent from April 1 through June 30—well below the rate the economy should be growing this far … More

    Good News: Reporters Link Bigger Trade Deficit to Stronger Economy

    The government just announced that the trade deficit for May increased by $400 million. Usually, the media report announcements of bigger trade deficits as bad news, accompanied by mistaken assertions that trade deficits are a drag on the economy. But this time, some reporters got it right. According to Reuters: … More

    A Win for Coal Exports, American Jobs

    The Obama Administration has imposed a laundry list of new regulations on the coal industry, making it increasingly difficult to mine coal and to build and operate coal-fired power plants, which are critical to providing Americans with affordable electricity. Although the President continued his attack on coal in his recent … More

    First Take on the CBO Report: Amnesty Hurts U.S. Workers

    The Congressional Budget Office (CBO) released its cost estimate and economic impact documents for S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, today. We are still analyzing the lengthy reports, but already a few items stand out as noteworthy. Reducing Flow CBO reports that S. 744 would … More