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Econ 1 w/ John Taylor

The Benefits Of International Trade

by John B. Taylorvia Policyed.org
Thursday, January 25, 2018

International trade allows countries to consume more goods than they can produce on their own. They can do so by specializing in the production of goods for which they have a comparative advantage. This is true even if the country has an absolute advantage on producing all goods more efficiently than the other countries it can trade with.

Intellections

Charter Schools: Helping Those Who Need It Most

by Margaret (Macke) Raymondvia PolicyEd
Sunday, January 7, 2018

Charter schools are leading the way in improving public education in America, especially for students who are traditionally underserved. Charter school students in urban areas and in schools run by Charter Management Organizations show strong learning gains compared to their peers in district schools.

Intellections

Flexibility For Accountability: Why Charter Schools Succeed

by Margaret (Macke) Raymondvia Policyed.org
Friday, December 22, 2017

Charter schools are thriving in areas underserved by traditional public schools due to their framework of flexibility for accountability. They are granted flexibility to design and run schools in order maximize student achievement in exchange for being held accountable for their students’ performance. Charter schools have to improve in order to survive. Those that do not perform well need to be removed in order to expand high-performing schools.

The Numbers Game

The Numbers Game: How Is The Middle Class Doing?

by Russell Robertsvia PolicyEd.org
Wednesday, December 6, 2017

Is it true that the wages for those in the middle class have been stagnant since the 1970s? Watch the 1st video in the new animated series The Numbers Game, in which Hoover Research Fellow Russ Roberts discusses the challenges of accurately measuring and understanding the economy and economic policy.

Blueprint for America

Effective Financial Reform

by John H. Cochrane via PolicyEd.org
Wednesday, November 29, 2017

Financial crises come from bank runs. An innovative way to prevent bank runs is to use equity-financed banking. Equity-financed banks would replace debt with equity as their method of financing and back up all deposits with liquid assets like Treasury bonds. Since it would not hold any debt, bank runs would become a thing of the past.

Pension Pursuit

Kicking The Can: Concealing Budget Shortfalls By Underfunding Pensions

by Joshua D. Rauhvia Policyed.org
Thursday, November 2, 2017

Pension funds are using unrealistic assumptions about their future pension returns, concealing shortfalls that will eventually have to be paid for with benefit cuts or higher taxes. Politicians are promising generous pensions without adequately funding them, requiring risky investments. When investment returns don’t materialize, taxpayers have to cover the shortfall.

Pension Pursuit

A Misalignment Of Interests: The Politics Of Pension Funding

by Joshua D. Rauhvia Policyed.org
Thursday, October 26, 2017

The unfunded obligations of pensions systems sponsored by state and local governments continue to grow as a result of unrealistic assumptions about investment returns in pension funds. States that say they’re running balanced budgets are concealing growing debt that crowds out much needed services and imposes higher taxes on current and future taxpayers.

Pension Pursuit

Off By Trillions: The Reality Of Our Pension Problem

by Joshua D. Rauhvia PolicyEd.org
Thursday, October 12, 2017

Pension funds are using overly optimistic assumptions about investment returns and should treat pension promises as guarantees that need to be backed up by risk-free investments. As a result, actual liabilities are three times higher than what is being reported by state and local pension funds. State and local governments need to change how they plan for future pension costs and set aside more money in order to prevent higher taxes or cuts to services taxpayers enjoy.

Pension Pursuit

Unfounded Optimism: High Investment Returns Are History

by Joshua D. Rauhvia PolicyEd.org
Thursday, October 12, 2017

Stocks and bonds used to have high rates of return, but those times are gone. Bond yields are much lower than they used to be and achieving high returns requires taking on more risk. When shortfalls happen, taxpayers are on the hook.

Pension Pursuit

Risky Business: Hoping High Returns Fund The Pension Gap

by Joshua D. Rauhvia PolicyEd.org
Thursday, October 12, 2017
In order to keep taxes low and prevent cuts to services, state politicians effectively borrow massive amounts of money from their pension systems and make risky investments to offset the budget shortfalls. They claim that there are no budget shortfalls as long as investment returns remain high. When investment returns don’t materialize, they turn to taxpayers to pick up the shortfall.

Pages

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.


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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.”
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