Fill out the brief form below for access to the free report.
Why Bureaucrats Shouldn't Set Interest Rates
Ira Stoll, Reason When I was collecting my annual tax forms to send to my accountant earlier this month, I couldn’t find one — the one called the Form 1099-INT. That’s the form I’ve gotten in past years from banks or mutual fund companies to report interest I’ve received on bank accounts or money market funds. The form didn’t seem to be downloadable from the bank or mutual fund Web sites, either, so I finally called up and asked a call center representative where my form 1099-INT was. Wearily, she explained that the bank doesn’t have to issue the form if an account generates less than $10 in annual interest. Lots of other callers, she said, had been asking the same question, and getting the same response. It’s not that I have less money in the bank than I used to. Okay, maybe a little less. The point, though, is that the Federal Reserve’s zero interest rate policy—“zirp,” for short—means that whatever I do have in the bank isn’t generating much interest. And that’s part of the reason I’ve got less money in those bank accounts. Read More
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
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.