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The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

by John F. Coganvia Books by Hoover Fellows
Friday, September 22, 2017

Federal entitlement programs are strewn throughout the pages of U.S. history, springing from the noble purpose of assisting people who are destitute through no fault of their own. Yet as federal entitlement programs have grown, so too have their inefficiency and their cost. Neither tax revenues nor revenues generated by the national economy have been able to keep pace with their rising growth, bringing the national debt to a record peacetime level.

Analysis and Commentary

Feldstein's Insight On Standards Of Living

by David R. Hendersonfeaturing Martin Feldsteinvia EconLog
Thursday, September 21, 2017

In a recent op/ed in the Wall Street Journal, my former boss at the Council of Economic Advisers and Harvard economist Martin Feldstein points out that the data on real incomes in the United States systematically understate its growth. The article is titled "We're Richer Than We Realize," WSJ, September 8 (September 9-10 in the print edition.)


Raghuram Rajan: What's Behind India's Economic Slowdown?

interview with Raghuram Rajanvia Financial Times
Wednesday, September 20, 2017

Hoover Institution fellow Raghuram Rajan discusses what he believes is the cause of the economic slowdown in India.

In the News

Swiss National Bank Karl Brunner Lecture

featuring John B. Taylorvia KOF Swiss Economic Institute
Thursday, September 21, 2017

John Taylor will be giving the Swiss National Bank Karl Brunner Lecture in Zurich today on "Ideas and Institutions for Monetary Policy Making."

Blank Section (Placeholder)Analysis and Commentary

The Libertarian: The Single-Payer Fantasy

interview with Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Thursday, September 21, 2017

Where Bernie Sanders' moonshot health care proposal goes wrong.

Analysis and Commentary

Duet Redux

by John H. Cochrane via Grumpy Economist
Thursday, September 21, 2017

Another duet of headlines with an interesting lesson, both from the Wall Street Journal: Solar power death wish and California Democrats Target Tesla.

Oil Drilling
Analysis and Commentary

My 1983 Response To Koch Lobbying On Oil

by David R. Hendersonvia EconLog
Wednesday, September 20, 2017

In preparation for my imminent retirement, I've been going through files and files, throwing things out but keeping things too.


Republicans Get One Last Chance On ObamaCare Reform

by Lanhee J. Chenvia Wall Street Journal
Wednesday, September 20, 2017

Graham-Cassidy is not perfect, but it creates a competition of ideas and gives power back to states.

In the News

Shout Out: Keith Cole, Fan Of Reading, Traveling

mentioning Thomas Sowellvia Chicago Tribune
Wednesday, September 20, 2017

While reading in Scoville Park and enjoying the late summer weather Sept. 10, Keith Cole, 61, of Forest Park answered a few questions for the Oak Leaves.


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