Federal Reserve System

Stimulating Long Term Costs

08/03/2010
by Ashley Muchow Long has it been the case that Washington politicians turn to the Zandi multiplier to justify stimulus spending under the conjecture that such spending triggers economic growth.  Mark Zandi, of Moody’s Economy.com, is regularly consulted by politicians and the press for his “Fiscal Economic Bang for the Buck” chart postulating that spending initiatives, such...

Minimum Wage Laws Hurt the Young & Low-Skilled

03/18/2010
Gov. Quinn should rethink his minimum wage position. Advocating for a higher minimum wage is a short-term political gimmick that does long-term detrimental harm to the people it pretends to help.