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David Wessel, Wall Street Journal After pushing short-term interest rates near zero in late 2008, the Federal Reserve decided it could do more. Unable to cut short rates further, it turned to buying huge amounts of long-term Treasury debt and mortgages to push down long-term rates. More than $2 trillion later, the U.S. economy is stuck with 8.2% unemployment and a still shaky recovery. So what has been learned about the efficacy of this experiment? The answer matters not only for judging the past, but for whether the Fed can and should do more now. Read More (Subscription Required)
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.