John B. Taylor, the George P. Schultz Senior Fellow at the Hoover Institution, discussed what we have learned from the Federal Reserve in the past century in his talk entitled “After 100 Years, What’s Next For the Fed?” He focused on variation in economic performance, changes in de facto independence (noting that there is not much change in de jure independence), and rules-based versus discretionary policies.
Terry Anderson, the John and Jean de Nault Senior Fellow at the Hoover Institution, and Carson Bruno, a research fellow at the Hoover Institution, discussed developments in the energy industry in their talk entitled “Fracking: Should You Fret or Fete?” Bruno outlined the technological advancements that make fracking profitable today, and Anderson discusses how fracking could benefit the US economy and political arena. The second part of the talk focused on the potential drawbacks of fracking and potential policies to address those concerns.
David and Joan Traitel Building, Hoover Institution, Stanford University
The new Stanford initiative Cardinal Conversations examined the intersections of politics and technology with entrepreneurs and Stanford alumni Reid Hoffman and Peter Thiel. Historian Niall Ferguson of the Hoover Institution moderated a discussion that included questions from the largely student audience.