Morning Ebrief
December 16, 2016

FEATURED STORY OF THE DAY

Fed Deviates from Historical Norm Despite Rate Increase
Preston Cooper, E21

The Federal Reserve has announced that it will raise its benchmark interest rate target for the first time this year and for only the second time since the Great Recession. The federal funds rate target, which was previously between 0.25 percent and 0.5 percent, is now between 0.5 percent and 0.75 percent. The effective federal funds rate has not been above 1 percent since 2008. Read more here...

POINT/COUNTERPOINT

Is deregulation the best way to improve infrastructure?

YES  The Problem with Infrastructure Is Regulation – Evan Smith, Forbes
NO  The Road Trump Should Take to Better Infrastructure – Gabriel Roth, Washington Examiner

DECONSTRUCTION ZONE

How to Cut Red Tape in Blue States
Jared Meyer, National Review
 
Winding Down Fannie and Freddie Is Easier Than It Seems (subs.)
William Isaac and Richard Kovacevich, Wall Street Journal
 
Righting China’s Property Rights
Shang-Jin Wei, Project Syndicate

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E21: Economic Policies for the 21st Century is a Washington-based center of the nonprofit, nonpartisan Manhattan Institute dedicated to economic research and innovative public policies for the 21st century. Drawing on the expertise of practitioners, policymakers, and academics, we aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.

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