News
CNN Money | 10 Fastest Growing States
The U.S. economy grew only 1.8% in 2013, but these 10 states outpaced the nation.
Bloomberg | May Sales Rise Less Than Forecast as Americans Take Respite
Retail sales rose less than forecast in May as American consumers took a respite following a three-month surge in shopping that has underpinned economic growth.
WSJ | Two Costly Self-Delusions
There's ample evidence to support both statements. Intellectually, we may even accept their truth. And yet we're confident we'll be much happier if we get a pay raise. Meanwhile, we are holding off on our next stock purchase, because we're sure prices will be lower a month from now.
Econ Comments & Analysis
Market Watch | 5 reasons the Tea Party should favor immigration
With House Majority Leader Eric Cantor’s primary loss to Tea Party candidate David Brat, immigration reform looks dead. But the Tea Party should favor sensible immigration reform with border controls. It would result in additional economic growth, allowing the government to cut spending and lower taxes — key Tea Party demands.
Real Clear Markets | The Greatest Service of OMB's Annual Report
The White House's Office of Management and Budget recently released a draft of its annual report to Congress on the costs and benefits of regulations. In this routine exercise, which inevitably claims extensive benefits of regulation, the OMB couches its estimates within a sizeable list of caveats.
Mercatus | Key Argument for Export-Import Bank Invalid
Supporters of the Export-Import Bank (Ex-Im Bank) argue that the federal government must subsidize American exports to "level the playing field” with foreign competitors who receive subsidies from their governments.
Blogs
WSJ | Recession Did Lasting Harm to Global Growth Potential, Study Finds
Aftershocks from the deepest recession in generations continue to inflict lasting damage to the world economy’s potential, curbing employment prospects for millions, a new paper finds.
WSJ | U.S. Economy’s First-Quarter Contraction Could Be Even Worse Than You Thought
The U.S. economy may have contracted more than previously thought during the first three months of 2014, private economists said Wednesday based on new health care-sector data from the government.
CATO | 0.02°C Temperature Rise Averted: The Vital Number Missing from the EPA’s “By the Numbers” Fact Sheet
Last week, the Obama Administration’s U.S. Environmental Protection Agency (EPA) unveiled a new set of proposed regulations aimed at reducing carbon dioxide emissions from existing U. S. power plants. The motivation for the EPA’s plan comes from the President’s desire to address and mitigate anthropogenic climate change.
