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Who Lost Russia (This Time)? Vladimir Putin

by Michael McFaul, Kathryn Stoner-Weiss
Friday, July 31, 2015

In the late 1990s, as Russia’s economy descended into a death spiral—eventually culminating in the August 1998 crash of the ruble and the government’s default on its international loan commitments—a series of books and articles appeared asking, “Who Lost Russia?”

Other Media

Clintons, Henry Kissinger, Colin Powell Weigh In On Chambers Legacy

quoting Henry A. Kissingervia CRN
Thursday, July 30, 2015

Henry Kissinger, former U.S. secretary of state, speaks on John Chambers.

Featured Commentary

A Warning From The Medicare Trustees

by Charles Blahousvia e21, Economic Policies for the 21st Century
Thursday, July 30, 2015

My most recent article for e21 summarized the 2015 Social Security trustees’ report released last week. This companion piece does the same for the Medicare report.


Tim Kane On Bloomberg (2:04)

interview with Timothy Kanevia Bloomberg
Wednesday, July 29, 2015

Hoover Institution fellow Tim Kane discusses low unemployment rates and the Federal Reserve's wait to raise interest rates.

Other Media

Rick Perry’s Plan To End ‘Too Big To Fail’

mentioning Hoover Institutionvia The Washington Post
Wednesday, July 29, 2015

Rick Perry on Wednesday pledged that, if elected, he will fight to end the problem of “too big to fail” banks, warning another financial meltdown and set of government bailouts are on the horizon.

Other Media

HHS Spending And The Quest For More Money

mentioning Hoover Institution, Eurekavia Fox and Hounds Daily (CA)
Wednesday, July 29, 2015

The Hoover Institutions’ EUREKA newsletter this month examines California’s Revenue Conundrum.

The Federal Reserve
Featured Commentary

Fed Keeps Interest Rates Near Zero, But Increase May Come Later This Year

mentioning Timothy Kanevia The Washington Free Beacon
Wednesday, July 29, 2015

Debate continues on whether policy will cause economic distortions.


Asset Pricing Part II

by John H. Cochrane via Grumpy Economist
Thursday, July 30, 2015

Asset Pricing Part II, the second half of my online PhD class in asset pricing, starts up next week. Part I and Part II are separate and independent courses, and you don't need a lot of the material of Part I to do Part II. This is a "summer school" session set up especially for PhD students in finance.

Featured Commentary

Now's The Time For California Tax Reform

by Carson Brunovia Real Clear Markets
Thursday, July 30, 2015

When budget crises occur, Sacramento goes into tax reform frenzy. Commissions are appointed and elected officials travel the state touting reform ideas.


Make Failure Feasible And End “Too Big To Fail”

by John B. Taylorvia Economics One
Wednesday, July 29, 2015

Today the Senate held a hearing on a bankruptcy reform proposal which would address the problem of too-big-to-fail head on. The reform applies to large financial firms and makes failure feasible under clear rules without systemic spillovers thereby greatly reducing the likelihood of government bailouts.


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