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Featured

Progressive “Thought-Blockers”: Income Inequality

by Bruce Thorntonvia FrontPage Mag.com
Wednesday, February 10, 2016

An ideological construct that exploits envy and resentment for political advantage.

Federal Reserve
Analysis and Commentary

Policy Rules Legislation

by John H. Cochrane via Grumpy Economist
Tuesday, February 9, 2016

Allan Meltzer and John Taylor organized a Statement on Policy Rules Legislation signed by quite a few famous economists. John's blog explains in some detail.

Analysis and Commentary

Economists State Why Policy Rules Legislation Is Needed

by John B. Taylorvia Economics One
Tuesday, February 9, 2016

Recent policy rules legislation introduced in the House and Senate has attracted much attention—including in op-eds, blog posts, tweets, editorials, speeches, research papers, conferences and Congressional testimony over the past few years. A particular version of this legislation passed the full House of Representatives on November 19, 2015. 

In the News

Ben Bernanke, A Bush Economics Adviser…Again

quoting Edward Paul Lazearvia D Magazine
Tuesday, February 9, 2016

If you didn’t recognize Ben Bernanke from his days in the spotlight, orchestrating the Federal Reserve response to the worst financial crisis since the Great Depression, you might have assumed he was just another number-cruncher in the little crowd gathered at the Dallas Fed building last night.

In the News

Statement On Policy Rules Legislation

mentioning George P. Shultz, Michael D. Bordo, Michael J. Boskin, Charles Calomiris, John F. Cogan, Allan H. Meltzer, Lee Ohanian, John B. Taylorvia Stanford
Tuesday, February 9, 2016

We support the legislation entitled Requirements for Policy Rules of the Federal Open Market Committee, Section 2 of the Fed Oversight Reform and Modernization Act (H.R. 3189) which passed the House of Representatives on November 19, 2015. This important reform would lead to more predictable rules-based monetary policy. It is based on evidence and experience that monetary policy works best when it follows a clear, predictable rule or strategy. A rule reduces uncertainty by giving the public information about future policy actions. 

Featured

John Taylor: Hope For A More Transparent Fed

interview with John B. Taylorvia CNBC
Tuesday, February 9, 2016

Hoover Institution fellow John Taylor discusses market turbulence, monetary policy, and the strength of the dollar.

Federal Reserve chair Janet Yellen.
In the News

Fed Chair Yellen To Testify On Hill Amid Growing Doubts Over Interest Rate Hikes

quoting Kevin Warshvia The Washington Post
Tuesday, February 9, 2016

Federal Reserve Chair Janet Yellen will appear before Congress on Wednesday for the first time since raising interest rates, and investors will be scrutinizing her remarks for signs of whether the central bank will continue pulling back its support for the nation’s economic recovery.

In the News

History Shows Economic Development Incentives Have Positive Effect

quoting Niall Fergusonvia Syracuse.com
Tuesday, February 9, 2016

In light of recent public discussions surrounding economic development in Central New York, I offer the following historical perspective. Much of the recent discussion demonstrates, in the words of historian Niall Ferguson a "history deficit." (Kissinger: Volume 1: The Idealist, 1923-1968," by Niall Ferguson (2015)

Interviews

Ed Lazear On The Larry Kudlow Show (40:40)

interview with Edward Paul Lazearvia Larry Kudlow Show
Tuesday, February 9, 2016

Hoover Institution fellow Ed Lazear discusses the jobs report including wage growth with Larry Kudlow.

Featured

Toxic Words

by Thomas Sowellvia Creators Syndicate
Tuesday, February 9, 2016

During this election year, we are destined to hear many words that are toxic in the way they misrepresent reality and substitute fantasies that can win votes. One of these words is "entitlement." To hear some politicians tell it, we are all entitled to all sorts of things, ranging from "affordable housing" to "a living wage."

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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