After nearly three decades of unprecedented growth, Chinese leaders, borrowing Barack Obama’s favorite cliché, would say they were on the right side of history. That was a few years ago. Then Donald Trump’s election seemed to offer them another boost.
There are often economic, health, safety, environmental, and other benefits that justify regulation. But it is important to keep in mind that many of them create a drag on the economy by imposing costs or stifling innovation and competition. Once implemented, we need to track their impact and periodically reevaluate them. An ongoing goal should be to achieve the original goals at a lower cost.
California is ranked forty-ninth in housing affordability. According to Zillow, the median home value in California in July 2018 was $541,800, compared to the national median price of $218,000, which is a premium of about 150 percent over the national average. Only Hawaii and Washington, DC, have higher median home values than California.
Russia and China are investing extraordinary resources to fund a global expansion of their state-owned journalism organizations, eclipsing independent journalism in Western nations and sowing misinformation for news consumers, a Hoover scholar says.
Harvard economist Martin Feldstein predicts the U.S. is headed for a long, deep recession as interest rates continue to rise, making share prices less attractive to investors and sparking a market plunge.
Paweł Sowiński, a fellow at Institute of Political Studies, Polish Academy of Science in Warsaw, has completed his October visit to Hoover. His research here, sponsored by the Polish National Research Council, centered on American support for Polish anti-communist opposition during the Cold War.
The expression “Everything in life is a trade-off” dates so far back the original attribution is uncertain. It summarizes why there are no easy or final answers to many questions. Economist Thomas Sowell said, “There are no solutions. There are only trade-offs.”
The economy is good. Many credit President Trump – but President Obama also tried to take credit last week, saying, “when you hear all this talk about economic miracles right now, remember who started it.
mentioning Niall Fergusonvia Belfer Center for Science and International Affairs
Wednesday, October 31, 2018
Two months after Lehman Brothers’ 2008 collapse, Niall Ferguson published his international bestseller, The Ascent of Money: A Financial History of the World. Now, ten years later, financial history has only grown more relevant. Can we apply historical insights to avert or minimize another financial crisis?