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Econ Focus

Econ Focus (formerly Region Focus) is the economics magazine of the Federal Reserve Bank of Richmond. It covers economic issues affecting the Fifth Federal Reserve District and the nation and is published on a quarterly basis by the Bank's Research Department.

Econ Focus

Summer 2003

Dollars and Defense

Cover Story

Dollars and Defense

A closer look at how military spending affects Fifth District communities in times of war and peace.


Liquid Assets

Who should sell hard liquor in the Fifth District — state-run monopolies or private companies?

May I See Your License, Please?

Excessive occupational licensing can cost consumers money without necessarily increasing quality or protection.

Seeing the Light

Communities in Catawba County, N.C., supported the growth of optical fiber and cable producers to help maintain the county's manufacturing sector.

No Silver Bullet

Tax and spending limits, though often useful, can't cure all budgetary ills.




Additional Resources


Guns and Butter

Federal Reserve

Ready to Lend

Legislative Update

Budget Deficits and Interest Rates

Short Takes

News From Around the District

Jargon Alert

Asset Bubbles

Research Spotlight

The Economics of…Sumo Wrestling


Kenneth Rogoff

Economic History

Roads to Riches


State Economic Conditions


Don't Bring Back the Draft

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David A. Price (804) 697-8018