The federal tax code does a good job of redistributing income and rewarding special interest groups. It does a lousy job of promoting economic growth. Vice Chairman of the Hoover Institution Board of Overseers W. Kurt Hauser explains why.
Hoover fellows John F. Cogan and Thomas E. MaCurdy argue that when Congress and the president hiked the minimum wage last summer, they were making a dumb mistake. The hike hurt those it was intended to help and helped those who didn't need it. And the effective minimum wage rate was already at a historic high in the first place.
The main welfare initiative of the Clinton administration has been the enlargement of the earned income tax credit program. "Mr. Clinton's support," Hoover fellow Robert J. Barro argues, "is not sufficient reason to regard the program as mistaken."
We should stop tinkering with the welfare system and forget about the minimum wage. We already have a way to help the working poor: the earned income tax credit. An analysis by Nobel Prize–winner and Hoover fellow Gary S. Becker.
Health care delivery in the United States has become so depersonalized as to be virtually Soviet. Don't believe it? Nobel Prize–winner and Hoover fellow Milton Friedman proves the point by quoting Aleksandr Solzhenitsyn, a Hoover honorary fellow. The way to end depersonalized care? Friedman argues for medical savings accounts.
Affirmative action was supposed to be a temporary measure limited to blacks. It was soon made permanent and extended to Hispanics, women, and others. Editor in Chief of Forbes MediaCritic magazine and former Hoover media fellow Terry Eastland argues for ending affirmative action once and for all.
Hoover fellow Thomas Sowell surveys challenges to affirmative action now taking place throughout the country. "Neither in courts of law nor in the political process can affirmative action stand on its merits."
Current immigration policy establishes annual quotas for countries of origin--just so many French each year, just so many Mexicans, just so many Nigerians. Hoover fellow Edward P. Lazear has a better idea. Sell the slots outright.
From October 1994 to February 1995, Russian militants--the "party of war"--sought to block free-market reforms and to reestablish an imperial foreign policy. They almost got away with it. Hoover fellow John B. Dunlop tells the story.
Peruvian president Alberto Fujimori almost never grants interviews to Americans. For Hoover fellow William Ratliff, he made an exception. How one man is attempting a revolution--and how his critics are responding.
North Korea represents one of the last Stalinist nations on earth--a powerful military, a poor populace, and rulers who can appear deranged. Will North Korea attack South Korea, as it did in 1950? Relax, says Hoover fellow Robert J. Myers.
Authoritarian states hold an advantage over democratic ones because they can act quickly and decisively, right? Wrong. Hoover fellow Barry R. Weingast and his coauthor, Kenneth A. Schultz, argue that every time an authoritarian state and a liberal state get into a protracted fight, the liberal state wins. Here Weingast and Schultz examine the century and a quarter of conflict between England and France during the seventeenth and eighteenth centuries.
Think America is a conservative country? Think again. Hoover fellow Seymour Martin Lipset explains that there are no true conservatives here--or, for that matter, any true socialists either--just different shades of classical liberals.
"If you don't want to be forgotten," Benjamin Franklin wrote in Poor Richard's Almanac, "do something worth the writing, or write something worth the reading." Rose and Milton Friedman decided to do both, leading extraordinary lives, then composing their memoirs, on which they are now working. Here they pause from the hard labor of writing to talk with Hoover fellow Peter Robinson about their early years.
Nobel Prize–winner and Hoover fellow Gary S. Becker has spent a career applying the discipline of economics to noneconomic problems, such as drug addiction and family formation. A glimpse of one of the profession's most intriguing thinkers. By Claire Mencke.
Frank Golder--professor of Russian history and the first curator of the Hoover War Collection--founded the extraordinary Slavic collection now housed in the Hoover archives. Golder visited Russia repeatedly during the first three decades of the century, witnessing Russia's entry into the Great War, the Revolution, the early workings of Lenin's government, and the changes in Soviet society after Lenin's death. Herewith excerpts from Golder's historic diary and letters, selected by Acting Archivist Elena S. Danielson.