Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
The Ledger 11/15/13

The Ledger 11/15/13

Ratings: (0)|Views: 160|Likes:
A weekly snapshot of news, views, and economic cues from AEI's Economic Policy Team
A weekly snapshot of news, views, and economic cues from AEI's Economic Policy Team

More info:

Published by: American Enterprise Institute on Nov 14, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/28/2014

pdf

text

original

 
Subject: Obamacare charts that say it all (AEI Economics Ledger) If you have trouble reading this message, click here to view it as a web page. 
MUST-SEE CHARTS — 
Monetary challenges
 AEI scholars talk Janet Yellen. 
Natalie Scholl: “Let’s look at what the AEI scholars are saying on the Fed and the challenges ahead of Yellen. Issues to watch: slow economic growth, big bank regulation, quantitative easing (QE), and inflation.”
NEW RESEARCH — The cost of aggressive monetary policy worldwide
. Desmond Lachman: “[It’s] come with a host of unintended consequences, including incipient asset- and credit-market bubbles, which both cloud the global economy’s longer-run economic outlook and raise questions as to whether the limits of these policies’ usefulness are now being reached.”
TWO AEI TESTIMONIES – What is central about central banking?
 John Makin: “Central banks and governments have little choice but to continue trying to navigate the narrow path that lies between asset inflation and dangerous bubbles and outright deflation and a collapse of growth, employment, and asset prices. There is no easy way to succeed. The reality is that the bubble-deflation dilemma means that now is a bad time to sharply alter the legislative mandate for central bankers.”
 Desmond Lachman: “Over the past five years, in the aftermath of the Great Economic Recession, the Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England have all pursued unorthodox monetary policies on an unprecedented scale. . . . This has led to a massive expansion in these central banks’ balance sheets and it has taken monetary policy into entirely uncharted waters.”
Income inequality
New York Times illogic on the minimum wage. 
: “ Ask yourself: do shuttered businesses  Andrew Biggs pay higher wages than firms that remain in business? If not, you might want to think twice about that $15 minimum wage.”
Taking on income inequality in 2016. 
Jim Pethokoukis: “So when the 2016 Democratic nominee, whoever he or she is, puts forward a big-government agenda of higher taxes on the rich, universal preschool, and bigger Obamacare subsidies to reduce the scourge of inequality, what will be the GOP response? Business tax cuts? That’s a necessary policy response perhaps, but hardly a sufficient one.” 
Financial regulation
Shortcomings of Basel III. 
Paul Kupiec: “The most important but least discussed risk created by Basel III is that its complexity will degrade the quality of supervision and end up reducing financial stability. Common sense suggests that complex rules are likely to be difficult and expensive to enforce. Basel III is by far the most complex set of bank regulations that have ever been attempted.”

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->