Learn more about Ben Carson's affordable housing plan, the possible downsides of regulatory sandboxes, and the US-China trade war.
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THIS WEEK
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August 14, 2019
The Latest News
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Carson's Affordable Housing Idea
Drawing Undue Flak
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Emily Hamilton | The Hill
Housing and Urban Development (HUD) secretary Ben Carson has received criticism for suspending a rule passed in 2015 which directed HUD to "affirmatively further fair housing." Carson's proposal instead targets restrictive zoning rules that enable residential segregation, and appeals to both conservatives and liberals. If Carson follows through on this approach, it has a better chance of reducing barriers to affordable housing than the previous plan implemented by former secretary Julián Castro.
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Done Right, Regulatory Sandboxes
Can Promote Competition
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Brian Knight and Trace Mitchell | American Banker
Regulatory sandboxes provide financial firms an opportunity to bring new, innovative products to the market, but also pose a more subtle threat. While lowering government barriers to entry is usually a good thing, these programs could quickly turn into displays of government-granted privilege. In American Banker, Brian Knight and Trace Mitchell outline how regulators can mitigate risks associated with sandboxes.
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The Ins and Outs of Russia
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Masha Gessen and Tyler Cowen | Conversations with Tyler
What sort of country would compel you to flee it, draw you back ten years later, then force you away yet again after two decades? Masha Gessen knows the answer all too well, having dedicated her career to writing and reporting about Russian society from both within and outside her native country. Gessen joined Tyler in New York City for a conversation on questions including why Soviet mathematics was so good, what it was like meeting with Putin, why Russian friendships are so intense, and much more.
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The US Isn't Winning Trump's Trade War,
Everyone Is Losing
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Bruce Yandle | Washington Examiner
President Trump likes to claim the US is winning the trade war by pointing out that tariff revenues, paid by China, are increasing significantly. Unfortunately, this isn't the full picture. The tariffs are not paid by China, except where government-owned enterprises are exporting goods to the US. Instead, a large part of the tariffs are paid by US consumers who continue to purchase higher-priced Chinese goods. In the Washington Examiner, Bruce Yandle outlines how both sides are losing the trade war and the costs borne by each country.
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Additional Links
Fed Intervention in Real-Time Payments Is Pointless and Maybe Destructive
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Veronique de Rugy | American Institute for Economic Research
How the President Can Help the Fed and Economy
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Robert Krol | InsideSources
The World Turns, America Sleeps
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Tyler Cowen | Bloomberg Opinion
How Saudi Arabia Has Increased Female Employment, and Why the Country Benefits
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Omar Al-Ubaydli | Al Arabiya
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