Advocates of purely discretionary monetary policy frequently list Kydland and Prescott’s time inconsistency argument as the only reason for policy rules, and then they try to shoot that down or say it is outweighed by arguments in favor of discretion. This is the gist of Narayana Kocherlakota’s recent argument for pure discretion.
As the media continue to burnish the “good health” halo of the organic industry, another new narrative is emerging–that “Big Ag” lobbyists are paying off lawmakers to advance their agenda while advocates of the poor, beleaguered organic industry are camped mournfully outside the Capitol in their compost-soiled overalls.
After the ACA, a longish essay on what to do instead of Obamacare. Relative to the policy obsession with health insurance, it focuses more on the market for health care, and relative to the usual focus on demand -- people paying with other people's money -- it focuses on supply restrictions.
Written 35,000 feet above the earth en route to Boston. Aren't technology and somewhat-free markets grand? I'll be the discussion leader at a conference this weekend, an event at which about 14 economists, political scientists, law professors, philosophers, and others discuss, in depth, a number of readings.
Citizens often see university education as an economic equalizer, a way for lower class underdogs to meet richer academic peers in the laureled halls of America’s finest institutions, regardless of wealth and status.
Stanford economist Mark Duggan this month took the reins of the Stanford Institute for Economic Policy Research as its new director. He aims to get students even more involved with faculty research, and plans to further expand efforts at communicating SIEPR scholarship to policymakers.
Earlier this year, when President Barack Obama unveiled his plan to make community college free for more students, he also proposed increased funding for career-based education and job training programs.
Responding to a question on "Meet the Press," Republican presidential candidate Ben Carson said, "I would not advocate that we put a Muslim in charge of this nation. I absolutely would not agree with that."
California Governor Jerry Brown convinced voters in 2012 they had to raise taxes if they wanted to avoid Draconian cuts to schools. It was temporary, he said. Now, as state coffers are heavy with surplus revenue, advocacy groups and organized labor want to keep the levies in place.
Which candidate for president made the following statement about childhood inoculations? “We’ve seen just a skyrocketing autism rate. Some people are suspicious that it’s connected to the vaccines.”
In 2013, then Secretary of Defense Leon Panetta and Chairman of the Joint Chiefs of Staff Martin Dempsey lifted the Direct Ground Combat and Assignment Rule frequently referred to as the "Combat Exclusion Policy", opening all remaining closed combat position to women.
Richard N. Haass, president of the Council on Foreign Relations and a leading authority on global humanitarian crises stemming from violent conflicts, will speak at a Sept. 30 event focused on new approaches to address the causes and consequences of global conflicts.
Facing a houseful of U.S. business elites looking for reassurance over China’s intentions, President Xi Jinping showed off a fondness for American culture, mentioning everything from Hemingway to “House of Cards,” to make his case for “deepening understanding” between the two countries.
China’s President Xi Jinping started his Seattle-area visit Tuesday with official meetings and a large banquet in downtown Seattle. Wednesday’s agenda is quite busy, before he leaves Thursday morning for Washington, D.C.
