School Desegregation, the Fed’s Interve ntion in the Muni Bond Market, and More

September 7, 2021

Opponents of school desegregation efforts frequently argue that school reassignments for diversity purposes—often referred to as “mandatory busing”—exact academic, social, and emotional costs from reassigned students. Thurston Domina and his co-authors demonstrate why this argument misses the mark.

During the Great Recession, the Federal Reserve did not intervene in the municipal bond market and did not lend to state and local governments. The COVID-19-induced recession, however, saw a very different kind of response. Sophia Campbell and David Wessel evaluate the Fed’s actions regarding the municipal bond market during the pandemic.

“The financial loss to a drug war-targeted family demands additional attention, especially in areas like childcare, housing assistance, and education.” John Hudak and Sherese Bonner discuss the Cannabis Administration and Opportunity Act and how it may help reverse the damage caused by the War on Drugs.

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