Richard Epstein the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, considers the case for a Balanced Budget Amendment, how to get Washington's spending habits under control, and the difficulties inherent in amending the Constitution.

Victor Davis Hanson, the Martin and Illie Anderson Senior Fellow at the Hoover Institution, notes that although the United States is the wealthiest country, it has the world’s largest debt. Hanson notes that the United States is not creating new wealth and that young people who are not confident in our culture lack the knowledge and understanding of what creates a strong culture and country.

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 potential impact of automatic federal spending cuts on the US economy and the outlook for central bank policy. Taylor notes that the Fed should get back to policies that worked so well in the 80s and 90s.

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, weighs in on the sequester method and spending cuts. Taylor notes gradual spending cuts in a sensible manner rather than across the board cuts would benefit the economy. Taylor also emphasizes that the Fed should implement the policies that worked so well in the 80s and 90s rather than the current interventionist policies.