In this episode of GoodFellows, a Hoover Institution weekly broadcast examining the ramifications of the global COVID-19 pandemic, senior fellows John Cochrane, Niall Ferguson, and H. R. McMaster exchange their thoughts on why governments fail to anticipate crises, British and European leadership in flux, and the right approach for re-engaging with China.
Recorded April 7, 2020 11AM PT
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The U.S. unemployment rate has trended down for decades. Estimates after removing business cycle fluctuations show that the trend rate fell from 7.8% in 1976 to 4.8% in 2024.
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So much for escaping the oddities of California politics—not when the governor suffers from wanderlust (it helps to have a compliant Legislature), billionaires can’t agree on campaign tactics, and a former House speaker applies a heavy hand in the race to succeed her in Congress.
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