Journalist and author Binyamin Appelbaum of the New York Times talks about his book, The Economists' Hour, with EconTalk host Russ Roberts. Appelbaum blames the triumph of free-market ideology for the rise in inequality and the decline in growth rates over the last half-century. The result is a lively, civil conversation about the economic events over that time period and the role of economists in changing economic policy.
Bruce Meyer, the McCormick Foundation Professor at the University of Chicago’s Harris School of Public Policy, joins Paul E. Peterson to discuss his annual report on U.S. consumption poverty, which reveals that poverty has fallen sharply in the past 50 years.
Q: You embody a form of capitalism and entrepreneurship without romance. Where does that come from? A: I believe that the DNA of a business is to provide to its constituents. Customers come No. 1; No. 2 are employees; and somewhere in there are the shareholders. You who started it, you’re last.
President Trump will be reelected in 2020. The Hoover Institution lists 200 Fellows on its website. Some are full-time, some part-time, some in residence, some off-campus, some short-term visitors, some long-term visitors, and so on. Of the 200 or so affiliated with Hoover in 2016, I was the only Fellow to predict that Trump would win.
And then there was the manner in which Trump conducted himself personally. In an astonishing display of insensitivity, during a 2017 meeting about how to best prosecute the Afghan war, Trump said in Kelly’s presence that the young American soldiers who had died in Afghanistan had died for a worthless cause.
In preparation for the construction of the Hoover Institution’s new George P. Shultz Building, the Hoover Institution Library & Archives has been working over the past year on a project to relocate archival collection material housed in the Lou Henry Hoover (LHH) Building to secure off-site storage.
Dictatorship has, in one sense, been the default condition of humanity. The basic governmental setup since the dawn of civilization could be summarized, simply, as taking orders from the boss. Big chiefs, almost invariably male, tell their underlings what to do, and they do it, or they are killed.
“Trump’s many enemies fear he will be re-elected in 2020, given a booming economy and peace abroad. They know that they cannot remove him from office. And yet they fear that the more they try to stain him with impeachment, the more frustrated and unpopular they will become. Yet, like end-stage addicts, they simply cannot stop the behavior that is consuming them.” —Victor Davis Hanson
The Justice Department watchdog is investigating whether the alarming errors revealed in a wiretap application for one of President Trump’s former campaign aides were one-offs or indicative of systemic flaws in the government’s use of its most intrusive, secretive and powerful surveillance tool.
Violent protests broke out across India after the Narendra Modi government pushed through amendments to India’s citizenship laws that now use religion as a criteria to exclude Muslims from Pakistan, Bangladesh and Afghanistan. So far, four people have been killed and scores injured as protests continue to grow.
In recent years, as the US economy has slowly recovered from the Great Recession, a puzzle has emerged: Where is the inflation? Despite a historically low unemployment rate, and interest rates that remain low by historical standards, inflation in the United States sits stubbornly below the Federal Reserve’s target rate of 2 percent.
The U.S. budget deficit reached $984 billion in 2019. That’s 4.6% of gross domestic product. Such a large deficit should cause interest rates to rise, according to traditional economic theory, because government debt “crowds out” private sector debt.
Every year millions of Indians receive an asset that promises to be the master key to a well-paying job, i.e. a bachelor’s degree, earning which is an achievement. For the vast majority of the millennials, however, this prized possession is turning out to be quite a dud.
At approximately 8 PM on Sunday, February 18, 2001, there was a knock on my front door. At the time I was a Special Agent (SA) with the FBI, so imagine my shock when I opened the door and found the two top officials in the Division on my doorstep. I knew this couldn't possibly be good news, but they quickly sought to reassure me.
Everyone who plays poker is familiar with the “tell,” that is, a nervous tic or subtle mannerism that betrays when a player has a strong or bluff hand. I think the Democrats’ behavior this week includes several “tells” that their impeachment hand is weak, and might cause them to lose the whole political pot next year.
On Tuesday, Iraqi protesters from the southern provinces planned to gather in the holy city of Karbala to march to Baghdad’s Tahrir Square. Although they were prevented from entering Karbala by tribal actors affiliated with the state, their decision to gather in Karbala is steeped in Shiite symbolism. Karbala is home to the shrine of Shi’ism’s most revolutionary figure, Imam Al-Hussein.