Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, notes that there is no short-term fix to the broken job market in the United States. Structural changes over the past two decades have altered the design of the labor market, making much of its growth hinge on domestic demand, which is virtually nonexistent today.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discusses his new book, The Next Convergence: The Future of Economic Growth in a Multispeed World. Spence also talks about American inequality and the Chinese economy.

Kori Schake, a research fellow at the Hoover Institution and an associate professor of international security studies at the United States Military Academy, gave a presentation titled the “European Debt Crisis” on Tuesday, February 7, 2012, at the Montelucia Resort and Spa in Paradise Valley, Arizona.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, makes the case against excessive government intervention and corporate bailouts on The Street. (3:13)

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses, with Tom Keene and Michael McKee, the Federal Reserve’s monetary policy. Taylor also discusses US fiscal policy, the economy, and Greece's debt crisis.

Image credit: United States Senate

On Tuesday, January 17, 2012, Ohio senator Rob Portman visited the Hoover Institution to discuss economic policy concerns facing the nation. Portman has extensive experience in both the legislative and executive branches of government, including as director of the Office of Management and Budget and, most recently, as a member of the Joint Select Committee on Deficit Reduction (i.e., “Supercommittee”). Portman’s campaign for the Senate focused on creating jobs and getting the deficit under control.

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Nassim Taleb, author of Fooled by Randomness and The Black Swan, antifragility, the concept behind Taleb's next book.

Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses the employment numbers and what they mean to the economy.

This week on Uncommon Knowledge columnist James Delingpole discusses, with Hoover research fellow Peter Robinson, the European Union, the Green movement, and socialized medicine. (47:41)

Image credit: Steve Gladfelter, Stanford Visual Arts

Hoover fellows John Taylor and Lee Ohanian hosted a conference entitled “Restoring Robust Economic Growth in America” at the Hoover Institution on Friday, December 2, 2011. George P. Shultz gave the opening remarks, followed by special guest Alan Greenspan of Greenspan Associates, who served as chairman of the Federal Reserve of the United States for twenty years. This conference brought together economists with extensive research and policy experience to address issues such as unemployment, policy uncertainty, long-term reforms, and monetary and fiscal problems. Developing a policy strategy to deal with the problem of slow growth and unemployment requires both answers to these questions and a diagnosis of the problem, as noted by conference participants.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses why the unemployment rate dropped 0.4 percent and whether it is a sampling error.

Allan H. Meltzer is a distinguished visiting fellow at the Hoover Institution and the Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He is the author of History of the Federal Reserve, Volume I: 1913–1951 (University of Chicago Press, 2002), a definitive research work on the Federal Reserve. Meltzer notes that Europe needs a strategy to deal with its debt problem. Eventually the Germans may have to pick up the cost of the debt, but the alternative is a plan for serious deflation in the southern countries or inflation in Germany.

Joseph McNamara is a research fellow at the Hoover Institution and was chief of police for the City of San Jose, California, for fifteen years. He joins a panel discussion concerning the use of pepper spray to move seated Occupy UC Davis protesters on Friday. The incident, which has gained international media attention, also led the campus faculty association to call for the resignation of Chancellor Linda Katehi.

In an article in the Stanford Daily, Alvin Rabushka, the David and Joan Traitel Senior Fellow at the Hoover Institution, discusses his advice to Texas governor Rick Perry on Perry’s flat-rate tax plan. Rabushka also commented on Herman Cain’s 9-9-9 plan: “In effect what you’ve got is labor paying a 9 percent tax, labor again paying 9 percent on income above a poverty threshold, and then again paying 9 percent as consumers.” Click here to read the article.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses the European debt situation and the problems associated with unemployment. Lazear notes that the United States and Europe need to focus on the underlying structural problems and getting spending under control.

Jonathan R. Macey, a visiting fellow at the Hoover Institution and a member of the Institution’s Property Rights Task Force, talks about the root causes of the financial crisis. He describes the theme of his talk as being “the road to hell is paved with good intentions.” Two major sources of blame are the credit rating agencies and their inability to measure risk.

In this wide-ranging interview marking the publication of his new book, The Thomas Sowell Reader, Thomas Sowell, the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, discusses, with Hoover research fellow Peter Robinson, his life, Barack Obama, class warfare, Ty Cobb, Babe Ruth, and the influence of Milton Friedman. (46:52)

David Davenport, counselor to the director and a research fellow at the Hoover Institution, notes that, even though we are living through the biggest recession since the Depression, we are also witness to the most expansive growth of federal power since the New Deal.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses the European debt situation and the jobs stimulus bill in the United States. Lazear notes that the United States and Europe need to focus on the long term and take the necessary reforms to improve the economic outcomes and strengthen the banks.

Thomas Sowell, the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, discusses, with Neil Cavuto, spending, bailouts, contracts, mortgages, and what we need to do to turn the economy around.

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Nicholas Wapshott, author of Keynes Hayek: The Clash That Defined Modern Economics, John Maynard Keynes and Friedrich A. Hayek: their ideas, their disagreements, their friendship, and how the two men influenced economists and public policy during their lifetimes and beyond.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses the latest US payroll report. Although US employers added more workers in September than forecast and figures for July and August were revised upward, Lazear notes that it is nowhere near good enough.

Image credit: Janet Chang

Greek foreign minister Stavros Lambrinidis visited the Hoover Institution on Wednesday, September 28, 2011, for a roundtable discussion with members of the Working Group on Economic Policy. Minister Lambrinidis described efforts, through a series of austerity measures, to overcome the crushing debt burden facing his country and at the same time fighting recession.

George Shultz, the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution, speaking at a dinner in his honor at the Economic Club of New York, which gave him its first Award of Leadership Excellence, presented a big-picture analysis on why our economic troubles have manifested themselves and what changes policy makers could implement to fix them.

Allan Meltzer, a distinguished visiting fellow at the Hoover Institution, testified before the US Senate’s Joint Economic Committee. In his testimony, Meltzer notes that there is no shortage of money and liquidity and that the Federal Reserve has pushed and prodded market interest rates to the lowest levels ever achieved.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, notes that the speed and composition of a US recovery will be determined by Washington and the delicate balance between investment and spending. The United States needs structural adjustments and that will take time.

George Shultz, the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution, shares his ideas on how to get the economy going, including focusing on long-term growth and tax reform. [Interview begins about 11:40]

Josef Joffe, the Marc and Anita Abramowitz Fellow in International Relations at the Hoover Institution and publisher/editor of the German weekly Die Zeit, notes that debt-ridden countries such as Greece “can't be on the dole forever.” Joffe discusses the cultural clashes of the Eurozone and the problems that stem from the Eurozone’s inception when a monetary union was created but not a fiscal union.

Keith Hennessey, a research fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business, discusses the federal budget process, the debt debate, and economic policy.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, testified before the Senate Finance Committee concerning tax reform. In his testimony, shown on C-SPAN, Taylor notes that reducing marginal tax rates and broadening the base will be beneficial to economic growth. And higher economic growth means that tax revenue will also be higher.

Michael J. Boskin, a senior fellow at the Hoover Institution and the T. M. Friedman Professor of Economics at Stanford University, discusses unemployment, taxes, the stimulus packages, and Obama’s management of the economy.

Victor Davis Hanson, the Martin and Illie Anderson Senior Fellow at the Hoover Institution, discusses the economy, debt, spending, and politics as well as solutions for California and the United States.

George Shultz, the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution, discusses the steps needed to fix the struggling economy, how to reduce the deficit, how to improve education, and the situation in Libya.

Radio Free Europe/Radio Liberty

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses the debt deal in Washington, whether we are headed for a double-dip recession, and the necessity of creating a more predictable fiscal and monetary policy.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, explains why he thinks a lot was accomplished in the debt negotiations and why the deal will be successful in getting the US economy moving again.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses the bipartisan agreement to raise the US debt ceiling and cut spending on PBS’s NewsHour.

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Anat Admati of Stanford University, ways to make the financial system more stable. In particular, Admati explores the implications of higher capital requirements.

David Davenport, counselor to the director and a research fellow at the Hoover Institution, notes that many cities and states are drowning in debt because of public pension obligations. Some cities pay 70 to 80 percent of their budget toward pension costs, but cities and states may get some relief from the courts.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses the tax cuts, the dismal employment data, and what it will take to generate job growth in America.

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with David Skeel of the University of Pennsylvania Law School, bankruptcy and the government bailout of the auto industry.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses Federal Reserve monetary policy, the Taylor Rule, and the prospects for a US economic recovery with Bloomberg’s Tom Keene.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University who was awarded the Nobel Memorial Prize in Economic Sciences and the John Bates Clark Medal from the American Economic Association, discusses, with CNBC’s Maria Bartiromo, the changing fortune of the US economy in the twenty-first century.

Radio Free Europe/Radio Liberty

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discusses his new book, The Next Convergence: The Future of Economic Growth in a Multispeed World. Spence also talks about the global changes and emerging economies.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, explains why the GOP’s playing chicken with the debt limit will help reduce spending and thus the deficits and debt, which will be good for the economy.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses the “tough negotiations” between President Obama and the leading Republicans over America's growing debt.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discusses, with the Wall Street Journal's Justin Lahart, what the world will look like once the world's emerging economies finally catch up with, and in some cases surpass, the United States.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discussed his new book, The Next Convergence: The Future of Economic Growth in a Multispeed World, with Charlie Rose.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, notes that although the economy may recover, the job market will not. Globalization is making US companies more productive but at the expense of the middle class. In his latest book, The Next Convergence: The Future of Economic Growth in a Multispeed World, Spence looks at how this pattern shifted after World War II and how that trend will reshape the world.

Thomas Sowell has studied and taught economics, intellectual history, and social policy at institutions that include Cornell University, UCLA, and Amherst College. Now a senior fellow at the Hoover Institution, Sowell has published more than a dozen books, the latest of which is a revised and expanded second edition of Economic Facts and Fallacies.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses the job market and why the economy is not recovering as quickly as it should.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discusses, on CNBC’s Squawk Box, the European debt crisis in relation to the global economy and the best course of action to help struggling economies.

Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with ReasonTV’s Nick Gillespie, the ideas behind the latest Keynes-Hayek video and what his hopes are for the project.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses why the economy is not recovering as quickly as it should and what the government needs to do to help the economy get back on track.

Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, presents the impact of government spending (Keysenian theory) versus a free market solution (Hayek theory) on the economy using a rap video.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution, the Mary and Robert Raymond Professor of Economics at Stanford University, and a former Treasury undersecretary, talks with Margaret Brennan on Bloomberg Television's InBusiness, about US tax policy, the economy, balancing the budget without raising taxes, and a credible debt reduction plan.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses, with Tom Keene on Bloomberg Television's Surveillance Midday, the economy, unemployment, and the impact on monetary policy of Thomas Hoenig’s retirement from the Federal Reserve Bank of Kansas City.

David Davenport, counselor to the director and a research fellow at the Hoover Institution, notes that if we want to tame big government and tackle our economic woes, then maybe we should start paying attention to places like Canada and Germany.

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Diane Coyle, author of The Economics of Enough, how the financial crisis, the entitlement crisis, and climate change all reflect a failure to deal with the future appropriately.

Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University, discusses the European debt crisis and the outlook for US growth, productivity, and employment with Tom Keene on Bloomberg Television's Surveillance Midday.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, previews Federal Reserve chairman Ben Bernanke's semiannual testimony before the Senate Banking Committee today in Washington. Taylor, speaking with Betty Liu on Bloomberg Television's In the Loop, also talks about the Fed's monetary policy and the outlook for a US economic recovery.

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Daron Acemoglu of MIT, the role income inequality may have played in creating the financial crisis.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, testifies concerning the 2009 stimulus package before the Committee on Oversight and Government Reform, Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending, US House of Representatives, on February 16, 2011.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, was part of a panel discussion on how the authority of the Federal Reserve System will change under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Thomas Sowell has studied and taught economics, intellectual history, and social policy at institutions that include Cornell University, UCLA, and Amherst College. Now a senior fellow at the Hoover Institution, Sowell has published more than a dozen books, the latest of which is a revised and updated edition of his classic volume, Basic Economics.

Image credit: Uncommon Knowledge

A professor at the University of Chicago for more than 30 years, Gary Becker is a founder of the Chicago school of economics. A winner of the John Bates Clark Medal and of the Nobel Prize in Economics, he is also a senior fellow at the Hoover Institution.

Melvyn Krauss is the William L. Clayton Senior Fellow at the Hoover Institution. He is also emeritus professor of economics at New York University. He gave a talk titled “When a Trillion Is Not Enough: Europe’s Financial Crisis” at the University Auditorium of the Classic Residence by Hyatt on June 8.

John Taylor, the George Shultz Senior Fellow in Economics at the Hoover Institution, discusses the outlook for the global economy and the central banks’ monetary policies as well as the European debt crisis on Bloomberg.

Robert E. Hall discusses labor market dynamics, financial frictions, monetary policy and the recession in this interview in Region, a banking and policy issues magazine published by the Federal Bank of Minneapolis. Hall is the Robert and Carole McNeil senior fellow at the Hoover Institution and a Stanford University economist.

John B. Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, discusses the Greek bailout on CNBC’s Squawk Box. Taylor does not like bailouts, saying that they rarely work and tend to encourage more risk taking. He suggests that an orderly restructuring of debt, with less government intervention, is the way to solve the problems of excessive debt.

Joseph A. Grundfest, a member of Hoover’s Working Group on Economic Policy and the W.A. Franke Professor of Law and Business at Stanford Law School, and Darrell Duffie, also a member of Hoover’s Working Group on Economic Policy and the Dean Witter Distinguished Professor of Finance at the Graduate School of Business, Stanford University, analyze whether the SEC should charge Goldman Sachs with fraud for its role in a complex investment plan.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution, discusses what to do with the derivatives market and financial reform legislation on CNBC’s Street Signs.

David Henderson, a research fellow with the Hoover Institution and an associate professor of economics at the Naval Postgraduate School in Monterey, California, discusses the unemployment rate, the housing market, and the overall economic situation in the United States with Michael Krasny on NPR’s Forum.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution who succeeded Ben Bernanke as chairman of the President’s Council of Economic Advisers, discusses, on CNBC, new data that could indicate that the economy is stabilizing. Lazear cautions that the increase in taxes on employers will have a negative impact on hiring and could hurt economic growth.

John Taylor, the George Shultz Senior Fellow in Economics at the Hoover Institution, was part of a panel of economists that testified before the House Committee on Financial Services about strategies for withdrawal from unconventional efforts to prop up the economy. . . .

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, was the guest speaker at the annual University of Northern Iowa’s Lawrence Jepson Economics Symposium. According to Taylor, “government policy is to blame for the 2008 economic meltdown,” he also presented charts and graphs showing a correlation between the Federal Reserve interest rate and the recent economic crisis.

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution, explains on CNBC’s Kudlow Report how the Federal Reserve can implement a rational exit strategy (or rule) so that reducing reserves and raising interest rates will not harm the economy.

What are the dangers of continuing government bailouts? Are there alternative strategies to both resolve the current bailout problem and prevent future crises?

Edward P. Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution who succeeded Ben Bernanke as chairman of the President’s Council of Economic Advisers, presented a talk titled “Current Economic Conditions: Where Are We Headed?” at the Pacific-Union Club in San Francisco on January 20.

John Taylor, the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution, discusses the Fed’s policies on low interest rates and easy money as contributing to the economic crisis on CNBC’s Kudlow Report. (7:29)

Richard Sousa and Terry Anderson, authors of Reacting to the Spending Spree: Policy Change We Can Afford were on the James Allen Show for a discussion Saturday, January 9. In Reacting to the Spending Spree, a team of expert contributors examines the reforms that address the recent crisis afflicting the financial systems and how they might affect a number of issues.

John B. Taylor, the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University and author of Getting Off Track, provides insight on whether the Fed’s easy money and low interest rates contributed to the economic crisis.

George Shultz, the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution, is interviewed by Paul Solman on PBS’s Newshour concerning the merging of large, national banks and how that could affect the idea that some companies are too big to fail. . .

Hoover Institution fellow Russell Roberts presented testimony on job creation before the Joint Economic Committee on Thursday, December 10, 2009.

Paul Peterson and Checker Finn, Hoover senior fellows and members of Hoover’s Koret Task Force on K–12 Education, discuss how the education sector. . . .

Charles Calomiris, member of Hoover’s Property Rights Task Force and professor at Columbia University’s Business School, talks with Hoover research fellow and EconTalk host Russ Roberts about the financial crisis.

John Taylor, the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution, provides an opening statement about bankruptcy and non-bankruptcy alternatives for failing non-bank financial institutions before the House Judiciary Committee’s Subcommittee on Commercial and Administrative Law.

In this new book, The Road Ahead for the Fed (Hoover Press, 2009), coeditors John B. Taylor and John D. Ciorciari bring together twelve leading experts to examine and debate proposals for financial reform and exit strategies from the financial crisis.

In this nine-chapter volume, the authors examine the challenges the Obama administration faces today, and in the foreseeable future, and the administration’s planned responses.

Please visit the Hoover Press web site for more information on this book or to place an order.