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Liberals and conservatives are both right about big banks 27 Aug 2013 | 01:38 am
Last weekend, the New York Times and the Wall Street Journal ran dueling op-eds on the state of financial regulation. Each piece argued about what you’d expect. In the Times, Stanford’s Anat Admati p...
New Normal unemployment: Why America’s shadow labor market will probably stay in the shadows 26 Aug 2013 | 11:47 pm
“The Shadow Labor Supply and Its Implications for the Unemployment Rate” by Troy Davig and José Mustre-del-Río of the Kansas City Fed: In the wake of the Great Recession, with more Americans unemploy...
Here’s what happened when the ECB did what Republicans want the Fed to do 26 Aug 2013 | 11:18 pm
The above chart is one of many “reality check” charts in a new research note from economist Mike Darda of MKM Partners. This one shows a stunning correlation between ECB tightening and further economi...
San Francisco Fed study: Obamacare not to blame for the rise in part-time work 26 Aug 2013 | 10:58 pm
How should we think about 71% of the net increase in jobs so far in 2013 being part-time jobs? Blame the slow economy, say researchers Rob Valletta and Leila Bengali: Part-time work spiked during the...
Monday afternoon links 26 Aug 2013 | 10:36 pm
1. VIDEO: “Airbnb and Its Enemies: Who’s Afraid of a $10-a-Night Sofa?” from Reason.tv. Interesting that some NYC landlords are getting around rent control laws by taking their rental units off the ma...
America’s shale revolution is providing significant economic and environmental benefits; CO2 per capita lowest since 1964 26 Aug 2013 | 10:04 pm
From my op-ed in today’s Detroit News “Get Onboard Shale Revolution“: Despite the significant economic benefits from the development of domestic energy resources, U.S. oil and gas companies are up ag...
Will Obama ever go and see North Dakota’s energy boom for himself? 26 Aug 2013 | 09:23 pm
There are seven states President Obama has yet to visit. But only one of them is the heart of an almost miraculous energy boom that has resulted in the nation’s lowest jobless rate. Obama not going to...
Who will be the next Fed Chair? 26 Aug 2013 | 09:06 pm
As President Obama looks to nominate Ben Bernanke’s replacement, AEI Resident Scholar Stephen Oliner weighs in on the two frontrunners for the next Fed Chair. The Yellen vs. Summers debate has been a ...
Did the housing crash cause the Great Recession? No, it was the Fed 26 Aug 2013 | 08:32 pm
Just as the 1929 stock market crash didn’t cause the Great Depression, the housing collapse didn’t cause the Great Recession. In both cases, monetary policy mistakes were the likely proximate and fund...
Saturday afternoon links 25 Aug 2013 | 12:04 am
1. North Korea Grapples With Crystal Meth Epidemic Providing Another Reason Why America’s War on Drugs Can’t Succeed: Governments Can’t Even Stop Drug Use in a Real Police State. 2. The Five Best Web...
