Entitlements grow over time because of a force called “the equally worthy claim,” where eligibility for benefits continually expands until programs no longer resemble their initial, honorable intentions. Over time, entitlements programs have grown into a costly and complex system. Reforms should focus on preserving the programs’ original intentions and putting them back on a sustainable fiscal path.
There is a lot to chew over in the blockbuster New York Times story about Deputy Attorney General Rod Rosenstein’s erratic behavior in his first few weeks on the job, just after President Trump fired FBI Director Jim Comey on May 9, 2017.
By traditional metrics, Barack Obama’s presidency was mostly a failure. The economy, in a new first, never hit annualized growth of 3 percent. His signature domestic policy—Obamacare—caused chaos. Millions lost their coverage and doctors, and paid far more in deductibles and premiums. The stagnant recovery after the 2008 recession was the worst in 50 years.
The Hoover Institution is releasing a new series of videos, Perspectives on Policy, that feature its scholars accompanied by visuals that enliven and emphasize key points of their research and analysis. The metaphors and illustrations create an engaging narrative to bring policy scholarship to life, especially for audiences that are less receptive to charts, graphs, and conventional depictions of data.
Today is the first day of the fall quarter at Stanford, and I begin teaching Economics 1, the introductory economics course, and the course after which this blog is named. The first day is always exciting, especially with many first-year students in class as is the case with Economics 1.
Rodney Brooks, emeritus professor of robotics at MIT, talks with EconTalk host Russ Roberts about the future of robots and artificial intelligence. Brooks argues that we both under-appreciate and over-appreciate the impact of innovation. He applies this insight to the current state of driverless cars and other changes people are expecting to change our daily lives in radical ways.
The world of education policy has been filled with some nasty battles in the recent years. Hanna Skandera, who formerly served as education secretary in New Mexico, hopes to change that by promoting civil discourse around education.
Standard wage data show that between the spring of 2017 and the spring of 2018, real wages in the U.S. increased only 0.1%. But there are three major problems with these data. First, they don’t account for fringe benefits, which are an increasing proportion of employee pay. Second, standard wage data use an index that overstates the inflation rate. Third, each year the composition of the workforce changes, as older, higher-paid workers retire and young, lower-paid workers enter the workforce.
What follows is an interview with William Damon and Anne Colby, pioneers in the fields of moral psychology and education. Throughout their careers, they have studied, moral identity, moral ideals, positive youth development, purpose, good work, vocation, character development in higher education, and professional responsibility. In their words, they are interested in the ‘best of humankind’—not only the competencies, but also the character necessary for living a good life—not only for the sake of the individual, but also for society. They have received numerous academic and civic awards and honors.
Senator Grassley appears to be taking his cue from President Obama’s Syrian “Red Line” in moving the nomination of Judge Brett Kavanaugh for Associate Justice of the Supreme Court through the Senate Judiciary Committee. Obama laid down a marker for President Bashar al-Assad if he used gas against fellow Syrians, which Obama subsequently disregarded. How did that turn out?
In December 2016, I posted about the fact that we had started giving our cat chemotherapy for his small-cell lymphoma. It seemed to work for a while, but in November 2017, it seemed to be failing. Joey, our cat, was starting to lose weight. He had been about 16.5 pounds (which was, admittedly, too much) before he got sick, but in November it was down to about 15.5 pounds, but, more important, he was vomiting a lot.
Hoover Institution fellow Marko Kounalakis talks about western journalism being in decline. With fewer foreign correspondents, international bureaus and stringer networks from US and other western news organizations around the world, the non-Western, often state-run media outlets from countries like China and Russia are filling in the gaps, growing rapidly and broadly.
Renewing Indigenous Economics Forum talk by James A. Robinson Professor, University of Chicago, on Why Indian Nations Fail on Monday, September 24, 2018 at Stauffer Auditorium, Hoover Institution, Stanford University.
Modern America is sharply polarized, battered by political furies and divided as never before. Moderation is disappearing, we are told, as Americans increasingly shun people of different views. We are split between hostile groups, each with its own TV networks, fast-food chains and sporting apparel — Fox News vs. MSNBC, Chick-fil-A vs. Chipotle, Under Armour vs. Nike.
Certainly, Qianlong made a serious blunder in choosing not to do business with the British. Because of a trade imbalance with the Chinese, the British started a lucrative opium business. The opium trade caused a flowback of silver and deep-rooted socioeconomic problems in China. You might blame the emperor’s arrogance but he did not have a global view, as his “world” was confined to China and its tributary system. In the end, China was greatly humiliated in the two Opium Wars.
The Democrats’ current attack on Judge Brett Kavanaugh obviously recalls their failed assault on Clarence Thomas, who has gone on to a distinguished career as an intellectual leader of the Supreme Court.
Stanford will celebrate the arrival of the first cohort of Knight-Hennessy Scholars on Saturday with Day One, an orientation program designed to introduce the students to each other and to the unique experiences that await them through its global leadership program.
In an unannounced visit yesterday sponsored by the John Sloan Dickey Center for International Understanding at Dartmouth College, Secretary Mattis spoke to Professor Michael Mastanduno’s Government 54 class (US Foreign and Military Policy), as well as Dartmouth veterans from the college and graduate schools, members of ROTC and the War & Peace Fellows of the John Sloan Dickey Center for International Understanding.