Economic Policy

27
Jul

A GDP Reality Check

The 4.1% growth rate in U.S. Gross Domestic Product in the 2nd quarter (announced today) was not a surprise to anyone looking at the monthly numbers. In fact, it came in a bit below the consensus prediction of 4.5%. But that won’t stop the accolades the current administration will be handing itself over the coming months. This number will surely

Read more

17
Jul

We Have Nothing To Fear But the Fear of Inflation Itself

‘Inflation expectation disorder’ seems to have become a full pandemic lately. News story after news story is discussing accelerating price growth not as a possible new trend, but as a current reality. “Consumer Inflation Hits 6 Year High” read one headline after the June CPI release. Inflation expectations are also on the rise according to the New York branch of the Federal Reserve,

Read more

28
Feb

Immigration and Economic Growth

Our elected officials in Washington DC continue to struggle over the issue of immigration policy reform. The Trump administration has already made its views known, with its Muslim Ban, mixed signals on the DACA (Deferred Action for Childhood Arrivals) program, and more recently, its immigration reform proposal, a plan that reflects a much more restrictive stance toward immigrants than previous

Read more

21
Apr

California’s Minimum Wage Hike Debate…Or Debacle?

A few weeks ago Governor Jerry Brown suddenly, and seemingly without warning, reached a deal with union groups under which California’s minimum wage will be sharply raised to $15 per hour by 2022. The measure was quickly rubber-stamped by the state legislature and puts California firmly on a path to one of the highest wage floors in the nation. The

Read more