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The Ledger 01/24/14

The Ledger 01/24/14

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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

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Categories:Types, Brochures
Published by: American Enterprise Institute on Jan 24, 2014
Copyright:Attribution Non-commercial

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08/06/2014

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Subject: Previewing the State of the Union (AEI Economics Ledger) If you have trouble reading this message, click here to view it as a web page. 
Big themes for the State of the Union
Next steps for the war on poverty. 
“The bulk of the evidence suggests that programs
that enable people to work or transition to work are more effective at fighting poverty, than simple cash assistance programs. As such, wage-subsidy programs that combine skills training, and tax credit programs like the EITC are a better bet today to get the unemployed back in the labor market and improve the lives of low-
income individuals.”
 
Income inequality
 from the AEI archives
“The consumption gap across income groups has remained remarkably stable over time.”
 
(2014): “Liberals tend to see income inequal
ity as the disease, and
conservatives tend to see it as a symptom.”
(2013): “It’s interesting to note all the economic problems that Obama
apparently vie
ws as less important challenges than income inequality.”
(2012): “W
hat is the socially optimal top marginal
income tax rate?”
 
Minimum wage
 from the AEI archives:
(2013): “The case against raising the minimum wage is straightforward: A higher wage makes it more expensive for firms to hire workers.”
 Michael Strain (2013):
“No one argue
s that raising the minimum wage will increase employment.
 And today, shouldn’t that be the point?”
 
(2014): “
Even if the minimum wage works as its advocates claim, it is a highly ineffective anti-
poverty tool.”
 
Future of economic growth
What your morning commute means for the economy. 
: “
Congestion in the U.S. today is a larger drag on growth than almost anything else, and better traffic and planning policies in many urban areas could go a long way to improving the economy. . . . In 2011, the total estimated cost of congestion
in the U.S. topped $120 billion.”
 
The road to serfdom. 
: “For the first time in the 20
-year history of the annual Heritage Foundation
 –
Wall Street Journal 
 
ranking of economic freedom, America hasn’t a place among the top ten
nations. A continuous, nearly decade-long slide leaves the U.S. economy at number twelve, just ahead of
Bahrain and right behind Estonia. Blame ‘large losses in property rights, freedom
 from corruption, and
control of government spending’ for the steady erosion of America’s free
-
enterprise system.”
 
China’s economic
 outlook dims. 
: “The oft
-
used line that ‘the economy’ is slowing but
still boasts the world's fastest rate of growth is inaccurate and misleading. What matters most is that
available data indicate debt accumulation will induce economic stagnation.”
 

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