Updated Employment Multipliers for the U.S. Economy

Editor’s note: This Economic Policy Institute’s study quantifies the extent to which creating or destroying jobs in manufacturing has large indirect jobs ripple effects as compared to the service sector. Anyone involved in economic policy planning should understand these effects.    [Josh Bivens | January 23, 2019 | Economic Policy Institute] When it comes to…

Press Release: CPA Supports Executive Order to Expand Buy America Preferences

Focus on state-level infrastructure projects will close potential gaps in coverage Washington. The Coalition for a Prosperous America (CPA) today praised President Trump’s executive order to strengthen Buy America preferences for infrastructure projects. While Buy America typically covers federal projects, the executive order will now extend such requirements to state-level projects that receive federal funding. “President Trump and…

U.S. Can Destroy Huawei

Editors note: In China, “stealing is regarded as a national development strategy and a patriotic duty.” Catch-up is how economists explain the success of China and other fast-growing developing economies. Not having to invent the wheel, the microchip or the theory of continuous improvement is a distinct advantage over having to invent them. [Holman W. Jenkins,…