“Quantitative easing” is the name given to when the Federal Reserve buys debt directly–typically debt issued by the US Treasury or mortgage-backed debt that is guaranteed in some way against default by the federal government.
There is a long-standing argument that states should be viewed as “laboratories of democracy,” and thus we should welcome–at least to some extent–variations in policy choices across states. It’s a chance to learn from experimentation.
The 20 countries of the Middle East and North Africa region have a population of 486 million, a combined GDP of $3.7 trillion, and a GDP per capita of about $7,600.
The idea that if society invests in small children, we will see a later social payoff, has a powerful intuitive and humanitarian pull.
When there is glaring human need, there is often an opportunity for a business or a government program, or some combination of the two, to do some good.