Lecture 2   A  Survey of the US Economy in 2016
Lecture 2  pdf file

Additional Materials for Afternoon 2
Afternoon Topics -- Problems with the US Economy

1. Is the US Housing Market Doing Well ?
2. What is Happening to The US Fiscal Deficit and National Debt ?
3. Can Obamacare Work in the US?
4. Are Social Security and Medicare Solvent for the Future ?
5. What is US Monetary Policy, Is it Working, and Will Policy Change Soon ?
6. What is Washington doing about US Immigration Policy ?
Economic Report of he President
Lecture 2 PPT

EPI Policy Link
Suggested Videos to Stimulate Thought on Discussion Topics


Day 2  --  Short Videos and Materials for Afternoon Discussion



  1. Is the US Housing Market Doing Well ?

       
Robert Shiller Sees a Need for Higher Interest Rates to Stop the Bubbles (June 1)

       
HUD scorecard on the US Housing Market May 2015 (PDF)

       
HUD Housing Market Summary Q1 2014 (PDF)


 2.  What is Happening to The US Fiscal Deficit and National Debt ?

      
Federal Debt Problem

      Student Loan Debt

      Debt is a Global Problem

      US Debt has Worsened CBO

      CBO Report

      US Treasury Monthly Statement on the Debt (PDF)

      US Treasury Monthly Statement on the Fiscal Deficit (PDF)


 3.  Can Obamacare Work in the US?

       
Short video on what is Medicare ?  Some more   some more   and more again

       Big Insurance Rate Increases Now Being Sought

       Henry Kaiser Foundation Poll on ACA July 1 2015

       Kaiser Quiz on ACA

       60 Minutes on Obamacare  and   alternative view 2 (webpage)      alternative view 1 (PDF)


 4.  Are Social Security and Medicare Solvent for the Future ?

       
Payroll Taxes Fund Social Security
         
       
OASDI Explained

       Is Social Security Solvent ?


 5.  What is US Monetary Policy, Is it Working, and Will Policy Change Soon ?

      
Janet Yellen's Press Conference June 17, 2015  

      
John Taylor of Stanford on the Taylor Rule  (please begin about 7:05 minutes)

        Note:    The Taylor Rule is   

                                            (R - inf) = 1 + 0.5*inf + 0.5*(Y-Yn)  

                      where inf = inflation, R = Fed Funds Rate, Y = ln(real GDP),  
                      and ln(Yn) = log full employment real GDP. It is a rule for monetary policy.
                      Ask me if you are interested or puzzled.

     
 John Williams of the San Francisco Fed explains unconventional monetary policy

      The Fed will Raise Rates this year

       What Does the Fed Look at to Make Its Decision ?


 6.  What is Washington doing about US Immigration Policy ?

       
CRS Report on Immigration Legislation (November 2014)

       
CRS Report Showing Trends in US Immigration (December 2014)

       
Pro Immigration Viewpoint (New York Times)

       
Reason TV Debate on Immigration  (May 2014)

       
Steven Camarota of CIS Discussing Recent Immigration Information  (January 2015)
                                        (
PPT that Goes with Camarota's Talk)