Economy

Ron Paul's Big Idea

May 4, 2012
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Although the race for the Republican nomination is all but over, Ron Paul has brought issues to the fore that would otherwise have remained obscure. One of his classic refrains – one that has received support in different forms from the likes of Allen Greenspan and Robert Zoellick – is to shut down the Federal Reserve and return to the gold standard. Although this proposal is rarely seen as feasible, a similar movement is picking up steam in both domestic and international contexts: the call to do away with physical currency.

Financial Inclusion Hits the Headlines (at least for the World Bank & Mexico)

April 24, 2012
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This past Sunday, the World Bank partnered with the government of Mexico to host “Financial Inclusion: from Principles to Action.” In addition to a high level opening plenary with H.R.H. Princess Maxima of the Netherlands and Mexican Finance Minister Jose Antonio Meade, the event included sessions on financial inclusion, the role of the private sector, financial literacy and consumer protection.

Why M-PESA Can Increase Financial Inclusion but Won’t Displace Cash in Kenya

April 23, 2012
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Last month, the Central Bank of Nigeria began a pilot in Lagos aimed at reducing the high dominance of cash in the economy by imposing limits on cash transactions. In similar fashion, Sweden, through its emphasis on technology and innovation, is likely to become the world’s first cashless economy. The emergence of electronic money (e-money) in these two countries has revived the discourse over the future of cash, but in particular, the rise of e-money has opened the debate about the ways to leverage the benefits of this technology for financial development in the developing world.

Value Added: America's Manufacturing Future

  • By
  • Michael Lind,
  • Joshua Freedman,
  • New America Foundation
April 18, 2012

Manufacturing matters. That is the rapidly emerging consensus in the United States, after a generation in which leading policymakers, economists and journalists dismissed the importance of the U.S.

Private Empire

May 1, 2012

In Private Empire Steve Coll investigates the largest and most powerful private corporation in the United States, revealing the true extent of its power. ExxonMobil’s annual revenues are larger than the economic activity in the great majority of countries. In many of the countries where it conducts business, ExxonMobil’s sway over politics and security is greater than that of the United States embassy. In Washington, ExxonMobil spends more money lobbying Congress and the White House than almost any other corporation. Yet despite its outsized influence, it is a black box.

The Pain in Spain

April 10, 2012

The eurozone crisis has re-emerged with rising borrowing costs in Italy and Spain and increasing concerns about the prospects for growth.

Creating Financially Capable Communities at Home in DC and across the US

April 10, 2012
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Yesterday’s President’s Advisory Council on Financial Capability meeting sharpened the case for making financial capability building a top priority in the US.  Treasury Deputy Secretary Neal Wolin set the stage by stating that, “The economy is regaining momentum.  But we still have more work to do to repair the damage caused by the worst financial crisis in our lifetimes.”  A following panel disc

Land of Promise

April 17, 2012

From one of America’s leading intellectuals comes a sweeping and original work of economic history, recounting the epic story of America’s rise to become the world’s dominant economy.

America’s Pent-Up Demand

  • By
  • Patrick C. Doherty,
  • New America Foundation
March 26, 2012

Federal Reserve chairman Ben Bernanke is looking hard for demand. Without a “more-rapid expansion of production and demand from producers and consumers,” the Fed chairman does not see the recent employment gains as “sustainable.” That’s an understatement.

The Sidebar: Bilingual Speakers and The Richer Sex

March 23, 2012
Liza Mundy discusses her new book, "The Richer Sex" and Maggie Severns talks about whether or not bilingual speakers are smarter. Pamela Chan hosts.
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