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Blogs

A New Structure For U.S. Federal Debt

by John H. Cochrane via Grumpy Economist
Thursday, March 26, 2015

I propose a new structure for U. S. Federal debt. All debt should be perpetual, paying coupons forever with no principal payment.

Featured Commentary

Not Enough Value To Justify More Of The Same

by Eric Hanushekvia The New York Times
Thursday, March 26, 2015

It is hard getting around the historic facts. Real per pupil spending has more than doubled in the past 40 years, but the mathematics and reading scores of 17-year-olds have barely budged.

taxes
Interviews

David Henderson On The John Batchelor Show (32:40)

interview with David R. Hendersonvia John Batchelor Show
Tuesday, March 24, 2015

Hoover fellow David Henderson discusses the double taxation of savings and investments in our current system and the Rubio-Lee tax plan. Henderson notes that Rubio-Lee reduces double taxation but does nothing to reduce marginal tax rates or encourage a more pro-growth strategy.

Blank Section (Placeholder)Featured Commentary

The Libertarian: “The Death of Independent Contractors?”

interview with Richard A. Epsteinvia The Libertarian
Tuesday, March 24, 2015

An innovative labor arrangement comes under attack.

Blogs

Jumps And Diffusions

by John H. Cochrane via Grumpy Economist
Tuesday, March 24, 2015

I learned an interesting continuous time trick recently. The context is a note, "The fragile benefits of endowment destruction" that I wrote with John Campbell, about how to extend our habit model to jumps in consumption.

Tax cuts and reforms
Other Media

Four Common Myths About The Flat Tax

mentioning Robert E. Hall, Alvin Rabushkavia Daily Signal
Friday, March 20, 2015

America’s tax code is riddled with problems.

Other Media

The Small Bank Slide

quoting Allan H. Meltzervia Hill
Monday, March 23, 2015

In a competitive market with free entry, bank size doesn't really matter, but regulations can distort firm size.

Other Media

Campbell Harvey On Randomness, Skill, And Investment Strategies

by Russell Robertsvia EconTalk
Monday, March 23, 2015

Campbell Harvey of Duke University talks with EconTalk host Russ Roberts about his research evaluating various investment and trading strategies and the challenge of measuring their effectiveness.

Blogs

A Partial Defense Of David Friedman

by David R. Hendersonvia EconLog
Friday, March 20, 2015

Scott Alexander, about whom both David Friedman and co-blogger Bryan Caplan have raved, has a lengthy book review of David's The Machinery of Freedom. As I write this, there are 479 comments on his post and I looked only at about the first 100 or so to see if anyone was making the point I want to make. I didn't find it, so I'll make it here.

David R. Henderson
Blogs

The Boys In The Boat

by David R. Hendersonvia EconLog
Saturday, March 21, 2015

On my flight from Chicago to Phoenix on Thursday, I finished The Boys in the Boat. It's subtitled "Nine Americans and Their Epic Quest for Gold at the 1936 Berlin Olympics." I highly recommend it.

Pages

Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple

Policy Seminar on the economic situation in Europe