News
Washington Times | Detroit's stealth business boom
Detroit is struggling with the largest municipal bankruptcy in the nation's history, which was brought on in part by the flight of both residents and businesses in recent decades. But Detroit's downtown area is enjoying rapid growth.
Bloomberg | Rogoff Saying This Time Different Calls for Reflation
The economist whose research foreshadowed the unusually long slog back from the 2008 financial crash is calling for the unlikeliest kind of central banker to lead the Federal Reserve: one who welcomes some inflation.
Market Watch | Goldman Sachs lifts euro-zone GDP view to 0.2%
After recent improvement in economic data out of the euro zone, analysts at Goldman Sachs on Monday lifted the forecast for the region's second-quarter gross-domestic-product growth to 0.2% quarter-on-quarter.
Econ Comments & Analysis
WSJ | Competing Visions for the Future of Housing Finance
A House reform would get government out of mortgages. The Senate reform is phony.
Washington Times | EDITORIAL: Recovering lost prosperity
The president’s housing-bailout plan is no bargain
RCM | The 2008 Mortgage Meltdown Occurred By Design
A major factor in the 2007-2009 recession was the sharp downturn in the real estate sector.
Washington Times | MEYER: It’s the price of tuition that hurts
Interest rates aren’t all that’s wrong about college costs.
NBER | Retirement Plan Type and Employee Mobility: The Role of Selection and Incentive Effects
In this paper, we quantify the role of selection by exploiting a natural experiment at a single employer in which an employee’s probability of transitioning from a defined benefit (DB) to a defined contribution (DC) pension plan was exogenously affected by default rules.
AEI | Moving forward on housing reform
Five years after the worst part of the financial crisis, the housing market is in recovery, with home prices and sales rising, construction on the uptick and foreclosure rates down from the crisis-era peak.
Blogs
WSJ | Food-Stamp Use Rises; Some 15% Get Benefits
Food-stamp use rose 2.4% in the U.S. in May from a year earlier, with more than 15% of the U.S. population receiving benefits.
Heritage Foundation | Americans Don’t Need More of Obama’s Stimulus Spending
Stimulus spending—whether on education, manufacturing, or, in this case, infrastructure—did not result in overall economic growth. It only worsened budget deficits and removed resources from the private sector in the near term.
