New York Fed President Bill Dudley and I debated The Fed at a crossroads: Where to go next? at Brookings yesterday, moderated by David Wessel. Bill argued against a more rules-based road ahead for the Fed. I disagreed, but this kind of discussion from the Fed is helpful given recent legislation requiring it to report its rule or strategy.
Not long ago the Obama administration tried to explain Iranian President Hassan Rouhani’s budgetary priorities. The White House’s assertion that the Islamic Republic’s future spending would overwhelmingly be used for domestic, non-military needs was a response to the bipartisan fear that the clerical regime might use some of its new, post-sanctions cash—likely between $100 and $150 billion—on its expeditionary efforts in Syria and Iraq...
The Asian American Achievement Paradox, a new book by Jennifer Lee and Min Zhou, prompted New York Times columnist Nick Kristof to pen a provocative column on Sunday. Kristof agreed that “the success of Asian-Americans is a tribute to hard work, strong families and passion for education,” but went on to caution that “because one group can access the American dream does not mean that all groups can.”
Many commentators noted last week that President Obama’s decision to keep 9,800 troops in Afghanistan through 2016 (with the hope of reducing that number to 5,500), combined with the rising number of troops in and around Iraq to fight ISIS, marks a defeat for the President’s campaign and first-term pledges to end the wars in Iraq and Afghanistan.
On better days, my morning starts with an email from EMILY’s List. I signed up with the PAC created to get pro-choice Democratic women elected (“early money is like yeast”), not because I agree with the politics (I’m not a fan of single-issue litmus tests).
Winston Churchill, well before he became prime minister in May 1940, was busy all through 1939 prompting the British government to prepare for war — and then, as first lord of the Admiralty, helping to direct it once it broke out. But what if Churchill had been Barack Obama? What would Britain’s foremost opponent of appeasement have been like?
Co-blogger Bryan Caplan's excellent post on forecasting this morning reminds me of a similar point that co-author Charley Hooper (CLH) and I made in our book, Making Great Decisions in Business and Life.
A story in the 10/14/2015 Washington Pos indicates that the U.S. Naval Academy is restarting its efforts to teach midshipmen the art of celestial navigation using sextants and chronometers amidst concerns that electronically assisted navigation might be vulnerable in an age of cybersecurity threats.
The recent Nobel Prize winner, Angus Deaton, in his book, The Great Escape, writes: The very wealthy have little need for state-provided education or health care; they have every reason to support cuts in Medicare and to fight any increases in taxes.
Thomas W. Gilligan, who took the helm as the new Tad and Dianne Taube Director at the Hoover Institution in early September, recently addressed staff and fellows about his initial plans and impressions. He began by acknowledging and recognizing his predecessor, John Raisian, who led the institution for twenty-six productive years.
After more than a decade of visiting the Hoover Institution at Stanford University as an adjunct senior fellow, the prominent historian Niall Ferguson will leave Harvard University to work full time at Hoover next July.
The university has created a new course evaluation form that faculty members can customize by identifying the learning goals of the course and adding questions of their own. The deadline for faculty to customize course evaluations for autumn quarter is Nov. 13.
Writing about Republicans in U.S. House of Representatives, New York Times columnist Paul Krugman says Paul Ryan is “basically, the best con man they’ve got.” He goes on to characterize the modern Republican Party" as “a post-policy enterprise, which doesn’t do real solutions to real problems.”
Donald Trump has said that as president he would get along with Vladimir Putin, and there's evidence that the Republican frontrunner's apparent fondness for the Russian strongman is being reciprocated.
On Tuesday, Hillary Rodham Clinton and Bernie Sanders, along with other Democratic presidential candidates, were in Las Vegas, a city that does not believe in stifling commercialism, at the Wynn hotel, where suites go for as much as $900 per night. They came to deplore the evils of capitalism.