A colleague and I were discussing the question, should the Fed lower interest rates in response to the coronavirus? More generally, suppose a pandemic gets serious and either by choice or by fiat a large swath of the economy is shut down for a few weeks or months. What should the Fed, or other economic policy do about it?
The Hoover Institution will publish a new oral history on March 3, 2020, by two of its top economists, George P. Shultz and John B. Taylor, about how the sound, market-oriented policies of the 1980s saved the US economy by reversing the stagnation and hyperinflation of the 1970s.
A Covid-19 outbreak in one or more large US cities would inflict a September 11-level hit on the economy and a Hurricane Katrina-level hit on Trump’s popular approval.
As you watch the political spectacle that is “Super Tuesday” unfold – 14 states voting, 1,357 pledged Democratic delegates at stake (1,991 delegates secures a first-ballot convention win) – keep in mind: this is not what the Democratic Party had in mind when its more centrist acolytes devised this one-day wonder decades ago.
A map of the Middle East after the World War I collapse of the Ottoman Empire and Caliphate shows no state boundaries, only lines of control by European powers over the territories vacated by “The Sublime Porte” -- the Islamic hegemon in Istanbul.
Duke University economics professor Michael Munger has an excellent article today at AIER titled “The Future of Academic Publishing.” There’s so much in it that it’s hard to summarize.
Hoover Institution fellow John Taylor discusses what's ahead for the Fed as well as global interest rates in light of the issues created by the coronavirus.
Hoover Institution fellow Kiron Skinner says the coronavirus wouldn't have spread globally had China's President Xi been more transparent about the disease.
interview with John H. Cochranevia The Indicator From Planet Money (NPR)
Monday, March 2, 2020
Hoover Institution fellow John Cochrane talks about Alex Honnold ascending Yosemite National Park's vertical rock formation, El Capitan, in under four hours. Cochrane asks "why wasn't this done 150 years ago," and he uses three economic lessons to explain what prompted his question, as well as the surprising links between rock climbing and economics.
Daniel Di Martino, a native-born Venezuelan freedom activist, had a strong warning for Americans ahead of the 2020 presidential election — don’t allow what happened to my country happen to yours.
Pete Buttigieg will still be on Super Tuesday ballots, even though he dropped out of the presidential race on March 1, 2020. This is largely because he dropped out so close to the race, and ballots have already been printed.
President Donald Trump increased pressure on the Federal Reserve to cut interest rates, tweeting Monday that the U.S. central bank is falling behind its global peers.
A new poll of likely California Democratic primary voters ranks Vermont Sen. Bernie Sanders as first among primary candidates with 26% support, followed by former Vice President Joe Biden at 19%, Massachusetts Sen. Elizabeth Warren at 18%, and former New York City Mayor Michael Bloomberg at 14%.
Did India’s price control policy for coronary stents create unintended consequences? This is the question that researchers from four management universities sought to address by analysing nearly 26,000 insurance claims in Karnataka.
mentioning Niall Fergusonvia The Royal Society of Edinburgh
Tuesday, March 3, 2020
The Royal Society of Edinburgh, Scotland’s National Academy has announced its newly elected 2020 Fellows. These new Fellows comprise leading thinkers and experts from Scotland and around the world whose work has a significant impact on our nation.
