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Commentary

The daily commentary section provides insights on complex issues in a brief and digestible format. Here you can find analysis of changing economic conditions and original perspectives on how the economy is affecting policy debates.

How Occupational Licensing Harms the Young

Occupational licensing, the requirement that people pass tests to gain government permission to work, is making it harder for young people to begin their careers. By keeping young people out of certain industries, or by making it prohibitively expensive and time-consuming for them to work, occupational licensing increases costs for all Americans and limit opportunity for those looking to enter the field of their choice.

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New Grads, Start a Business if You Can't Find a Job

Diana Furchtgott-Roth | 05/21/2015

Young people might have to think outside the box as work is scarce. Maximizing job oppurintuies in a sluggish economy may see many graduates becoming their own boss. 

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Research

e21 spotlights and directly supports new research that's necessary to develop innovative economic policy solutions for the 21st century. This section highlights in-depth research papers from a range of academics, economists and thinkers across the political spectrum, fostering creative nonpartisan policy solutions to pressing economic concerns.

http://www.economics21.org/files/pdf/e21_04.pdf

Held Hostage: U.S. Ports, Labor Unrest, and the Threat to National Commerce

Diana Furchtgott-Roth | April 26, 2015

America's economic growth depends on ports for a competitive edge in exports and for the flow of imported goods that bolster Americans' paychecks. The costs incurred during slowdowns at U.S. ports, recent and otherwise, highlight the considerable importance of ports to the U.S. economy and the need to reform U.S. port labor law. Indeed, if America is to reap the benefits of the two major new free-trade deals currently under negotiation, the Transatlantic Trade and Investment Partnership (TTIP) and the Trans-Pacific Partnership (TPP), U.S. ports must be open for business.

http://www.economics21.org/files/pdf/Bordo_0.pdf

U.S. Inflation Is Not Too Low

Michael D. Bordo | March 20, 2015

The Federal Reserve is preparing to normalize monetary policy and has plans to raise its policy rate from zero in the very near future. Economic conditions have improved markedly in the past year. This is seen in respectable economic growth and the unemployment rate has been falling below 5.5%, the Fed’s estimate of the natural rate. Until earlier this year the FOMC has been reluctant to normalize monetary policy and raise the federal funds rate because it felt that labor market conditions were still too soft. That reason is vanishing very quickly.

Morning eBriefs

Each weekday morning, e21 delivers a short email that provides a snap shot of the day's economic news. These eBriefs include e21 exclusive commentaries and the latest market news and updates from Washington.

Multimedia

What Is Next for the Fed?

Caroline Baum and Marvin Goodfriend discuss the Shadow Open Market Committee's core principles and monetary policy.

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Why Your Plan Was Cancelled: Health Insurance and the Affordable Care Act

There's a bizarre reason why millions of Americans saw their health plans cancelled in 2013 and, as explained in a new video featuring Robert Graboyes of the Mercatus Center at George Mason University, millions more will lose their plans in years to come. 

Insurance coverage for Americans will remain in permanent turmoil because the Affordable Care Act (ACA) requires that all plans fit within cookie-cutter designs called "metallic tiers." (The tiers—bronze, silver, gold, and platinum—refer to the percentage of medical expenses a particular plan pays.) The video also explains that families may have to switch plans repeatedly because, as circumstances change, a plan that fits within a tier one year may not fit in any tier in a later year.

Please see Dr. Graboyes’ op-ed on this issue (Under Obamacare, Americans Will Continue to Lose Coverage) http://www.usnews.com/opinion/economic-intelligence/2014/09/22/under-obamacare-americans-will-continue-to-lose-coverage

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