Economic Roundup

Economic Roundup

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On September 21, the Organization for Economic Cooperation and Development published the 2011 edition of its Science, Technology and Industry Scoreboard. It finds that there has been a deterioration in the quality of patents, which is slowing growth and innovation.

On September 20, the Fraser Institute published the latest edition of Economic Freedom of the World.

A September 20 Small Business Majority poll found, contrary to Republican assertions, that regulation is a very small problem for small businesses. Uncertainty about the economy is their biggest concern.

On September 19, the Urban Institute published a plan to create 4 million jobs at a cost of $60 billion.

A September 19 Boston University study found that abuse of the patent system cost shareholders $500 billion in lost wealth between 1990 and 2010.

A September 16 CBS News/New York Times poll found that 80 percent of people believe that increased spending on public works is a good way to create jobs.

In a September 16 speech, Deutsche Bank chief economist Thomas Mayer declared himself to be “an Austrian in economics.”

On September 16, the International Monetary Fund published a working paper which found that public capital is a significant contributor to economic growth.

Also on September 16, the Federal Reserve published its latest flow of funds report. It shows that the net worth of households fell $149 billion in the second quarter.

On August 30, the Congressional Research Service published a report on cost-benefit analysis in the federal regulatory process.

Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column for The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including the New York Times best-seller, Imposter: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy (Doubleday, 2006).

Bruce Bartlett’s columns focus on the intersection of politics and economics. The author of seven books, he worked in government for many years and was senior policy analyst in the Reagan White House.