Four former chairs of the Fed  wrote in the Wall Street Journal today about the importance of Fed independence. I agree, but their article should have emphasized that independence is not enough.  Economic performance has been affected by large shifts between more rules-based and less rules-based policy by the Fed without any concomitant change in the legal basis for independence. De jure independence has not prevented the Fed from harmful departures from rules-based policies.

Hoover Institution fellow Larry Diamond discusses his new book, Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency.

Hoover Institution fellow Bill Whalen discusses the Democrat's debates and who will be invited to the next debates.

Africa looks set to be the next major battlefield in an emerging "Cold War" between the US and China, experts have claimed.

Public policy must enable parents and community leaders to serve their schools, districts, and community more efficiently and effectively. Parents are the most important teachers of values to their children. Children benefit when they see their parents engaged in their education.

Washington, DC - Social Security and its solvency have long been a top concern for AMAC – Association of Mature American Citizens [AMAC] and its nearly 2 million members. Long thought of as a political “third rail,” it is encouraging to see politicians in Washington attempting to address Social Security’s financial viability. Representative John Larson (D–Conn) has put forth “Social Security 2100 Act,” a comprehensive bill designed to strengthen the benefit for years.

In early 2018, before an audience of chief executives and politicians at Davos, Steven Mnuchin got in trouble for saying the obvious: a weaker dollar would help US manufacturers export their products.