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Perspectives on Policy

Foundations Of Immigration Reform

by Edward Paul Lazearvia PolicyEd
Wednesday, March 13, 2019

America’s immigration system needs to be reformed in order to handle modern challenges of immigration. Long lines to get in exist alongside millions of undocumented immigrants already in the country. To deal with both of these problems, Congress should rebalance our system to encourage more work-based visas for those wanting to work in the US, and it should bring illegal immigrants back into the system through a special visa that puts them at the back of the line for permanent residency.

America Off Balance

Which Adds More To The Deficit? Defense Spending Or Social Security & Medicare?

by Tom Churchvia Budget Matters, America Off Balance
Tuesday, March 12, 2019

Deficits are projected to permanently top one trillion dollars by 2021. And while the drivers of long-term spending growth come overwhelmingly from Medicare, Social Security, and net interest on the debt, a common claim is that defense spending is a bigger fiscal problem than entitlements because defense doesn’t have any dedicated revenue that helps offset its cost.

Friedman Fundamentals

What Drives High Health Care Costs: Friedman Fundamentals

by Milton Friedmanvia PolicyEd
Tuesday, March 5, 2019

The fundamental reason for high health care expenses is third-party payments. Most payments to physicians are made not by the patient but by a third-party — an insurance company or governmental body. By eliminating most third-party payments and restoring the role of insurance to protecting against major medical catastrophes, health care cost and spending can be reduced.


Unfair Advantages: How Licenses And Waivers Threaten The Rule Of Law

by Michael McConnellvia PolicyEd
Friday, March 1, 2019

When laws are clearly written and widely understood, people can easily determine whether their actions are lawful or not. However, Congress has been threatening the rule of law through the use of waivers – that allow individual to act contrary to the rules – and through the use of licenses that require individuals to get permission before working. In order to revitalize the rule of law, Congress should return to passing clearly written laws that neither allow some to ignore the rules nor require permission to act in the first place.


How The Rule Of Law Promotes Prosperity

by Michael McConnellvia PolicyEd
Friday, March 1, 2019

The rule of law is another way of saying that laws, as they are written, are applied equally to everyone. If you break a law, it doesn’t matter how powerful, wealthy, or connected you are: you face the consequences. When followed, the rule of law leads to a more just and prosperous society.

Policy Briefs

Edward Lazear On How To Reduce Income Inequality

by Edward Paul Lazearvia PolicyEd
Thursday, February 21, 2019

Tax policy and redistribution do not solve the underlying structural problem of income inequality. Redistribution and tax policy are only temporary fixes. For a permanent solution, we need to focus on reducing the skills gap by increasing the skills of individuals at the bottom of the income distribution.


Trade, Technology, And Jobs: How To Think About Free Trade

by John B. Taylorvia PolicyEd
Friday, February 15, 2019

The consequences of free trade are very similar to what happens when a new technology is invented. In both cases goods and services get better and more affordable for everyone, new jobs are created, and some jobs are replaced. So, the next time someone proposes new trade barriers, imagine instead that they had proposed outlawing a new invention.

America Off Balance

Reconsidering Last Year’s Budget Proposal

by Daniel Heilvia Budget Matters, America Off Balance
Tuesday, February 12, 2019

The White House is set to release its 2020 budget request any day now. Including the introduction, appendices, and supplemental materials, the proposal will be well over one thousand pages. Each section will be filled with descriptions and tables outlining how much the president wants to spend on each department, agency, and program. The proposal goes to Congress where, unsurprisingly, much of it is disregarded.

Friedman Fundamentals

The Appropriate Role Of Government

by Milton Friedmanvia PolicyEd
Thursday, February 7, 2019

Milton Friedman, Hoover Institution Senior Research Fellow and Nobel Laureate, discusses how there are times when the government can become involved without infringing upon political freedom and autonomy. If two individuals enter into a business, most likely they will both benefit from it; however, there are cases in which a business can impose a cost on another individual without providing reparation. In this case, the government can become involved if markets are unable to compensate for the harm they’ve imposed.

Hoover Institution Launches Friedman Fundamentals, A Video Series Highlighting The Nobel Laureate’s Policy Insights

Thursday, February 7, 2019
Hoover Institution, Stanford University

The Hoover Institution today launched Friedman Fundamentals, the latest video series in its Educating Americans in Public Policy (PolicyEd) program. The new videos pair the voice of economist Milton Friedman with custom and contemporary animation to compellingly illustrate his timeless explanations of economic concepts and policy ideas.

Press Releases


Educating Americans about Public Policy

The digital media revolution has transformed the way people obtain information and form opinions. Countless partisan outlets peddle assertions and “sound bites” as indisputable facts. Few people have the knowledge and analytical skills to navigate this torrent of misinformation. They crave credible and accessible sources of facts, analysis, and information about proposed policies and the effects of those already enacted.

The Hoover Institution

Since its founding nearly 100 years ago, Stanford University’s Hoover Institution has sought to promote economic opportunity and prosperity, secure peace, and improve the human condition. Unique among policy research organizations, Hoover is part of a world-renowned university. In addition to being scholars, our fellows are educators.

Seeking to become the foremost source of policy knowledge, wisdom, and insights, we have launched the Mary Jo and Dick Kovacevich Initiative at the Hoover Institution, Educating Americans in Public Policy. The initiative seeks to:

  • Equip Americans with accurate facts and information, as well as a discerning analytical perspective, so they can better perform their civic duties, hold their elected leaders accountable, and “secure the blessings of liberty to ourselves and our posterity.”
  • Provide political leaders with reliable knowledge and analysis—tools with which they might assess alternatives in the shaping and execution of public policy.

This effort will build on our legacy of substantive policy inquiry where partisan advocacy has become the norm.

The Hoover Institution acknowledges significant gifts in support of its Education Americans in Public Policy initiative from the following generous and committed family foundations and individuals:

    Mary Jo and Dick Kovacevich Family Foundation
    S.D. Bechtel, Jr. Foundation
    Kurt and Julie Hauser
    E.A. and Suzanne Maas
    Frank and Mona Mapel