Author Bertrand Patenaude shared the story of a US famine relief mission to Bolshevik Russia in 1921 that saved millions of lives in his book, The Big Show in Bololand: The American Relief Expedition to Soviet Russia in the Famine of 1921.
Unexpected inflation devalues nominal government bonds. This change in value must correspond to a change in expected future surpluses, a change in their discount rates, or a contemporaneous change in nominal bond returns.
Robert Pear, a reporter whose understated demeanor belied a tenacious pursuit of sources and scoops during his 40 years at The New York Times covering health care and other critical national issues, died on Tuesday in Rockville, Md.
Hoover Institution fellow Charles Plosser discusses whether a trade war between the US and China could force the central bank to step in as well as his thoughts on the path the Fed is taking and the problems with groupthink.
Over the past year, the U.S. economy added an average of 213,000 jobs every month, driving unemployment down to 3.6 percent, its lowest point since 1969. The last time this much of the American workforce was on the job, the Beatles were still a band and presidential hopefuls Pete Buttigieg, Cory Booker and Kirsten Gillibrand hadn’t been born yet.
Democrats are the party of young people, Republicans the party of the olds, and it could have huge consequences for near-future political battles, suggest Harvard historian Niall Ferguson and Greenmantle research analyst Eyck Freymann.
The recent scandal of rich and famous people buying places for their children at elite colleges has led to a renewed public conversation about the system of legacy preference in admissions at many top US universities.
After Arun Jaitley did not extend his term as governor of the Reserve Bank of India in 2016, Raghuram Rajan went back to his chair in Chicago and resumed teaching. He is a remarkably articulate economist; so it was quite a surprise that he was quiet for three years. And then came the 400-page book, The Third Pillar.