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THIS WEEK
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December 11, 2019
The Latest News
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Remembering Paul Volcker, the Man
Who Tamed Inflation
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Scott Sumner | The Hill
In August of 1979, Paul Volcker was appointed to chair the Federal Reserve, marking a pivotal moment in American economic history. With his passing, we reflect on his tenure at the Fed which didn't just represent a revolution in policymaking, it also changed the way economists thought about economy. After his time at the Fed, most economists accepted the Fed was responsible for keeping the rate of inflation low and relatively stable which led to the idea of "inflation targeting."
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Why Congress Must Fix Multiemployer Pensions
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Charles Blahous | e21
Recently, a comprehensive proposal to shore up multiemployer pension plans was introduced in the Senate. It won't be long before Congress has no choice but to consider a solution to address the growing crisis affecting workers in America's multiemployer pension system. The crisis will not resolve itself absent forceful action by lawmakers. See how lawmakers can implement a solution that is likely to be effective and will successfully avert a crisis.
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The Economy in 2020 Will Be Something to Be Thankful For, but Not Ecstatic
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Bruce Yandle | The Washington Examiner
As 2019 approaches its end, it is worth reflecting on how the economy is doing. A close examination shows there is a mix of good news and bad news. GDP growth for the year may barely break 2%. The manufacturing sector and exporting industries within manufacturing are showing the most pain from the expanding trade wars. Employment statistics also show a mix of good and bad news, with good job growth in November and a negative hiring pace in October. So what does all of this mean and what is the forecast for 2020?
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Congress' Continuing Resolution
Is an Opportunity for Reform
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Veronique de Rugy | Creators Syndicate Newspapers
Congress has failed yet again to pass a budget before the end of the fiscal year. It also failed to pass a budget before the continuing resolution (CR) expired on November 21. This compelled Congress to pass another CR to run through December 20, which places itself in the same position as last year when it faced a year-end shutdown. However, there are several things Congress can do right with the remaining days on the CR.
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Additional Links
Is Nancy Pelosi Holding up Major U.S. Trade Deal over Politics? Expert Panel Debates
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Veronique de Rugy, Donald Boudreaux, and Jorge Suarez-Velez |
Fox News Nation
The US-Mexico-Canada Trade Deal Is Not as Good as NAFTA
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Veronique de Rugy | American Institute for Economic Research
The Inevitability of Errors in Determining Citizenship
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Shruti Rajagopalan | Livemint
Government Subsidies for Foxconn Might Reduce Economic Activity
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Michael Farren | Wisconsin Public Radio
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