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On CNBC Michael Spence Discusses Why Kim Jong Un's Threats To Destroy South Korea Are Not Slowing Down Ikea

interview with Michael Spencevia CNBC
Tuesday, August 29, 2017

Hoover Institution fellow Michael Spence says that, so far, the increased political turbulence hasn't translated into big economic effects because the rising risks have not been properly perceived and/or priced or both economies and markets have essentially assumed that this is a lot of noise.

Analysis and Commentary

Currency Manipulation. Who Is Manipulating Whom?

by Alvin Rabushkavia Thoughtful Ideas
Tuesday, August 29, 2017

During the presidential campaign, President Trump repeatedly accused China of manipulating its currency, devaluing the Yuan, to gain advantage in its trade with the United States.  Devaluing the Yuan makes Chinese goods cheaper in the US and US goods more costly in China. This was, in Trump’s view, a source of the large trade deficit with China, and loss of U.S. manufacturing jobs.

Analysis and Commentary

At 70, India Shows A New Vigor

by Tunku Varadarajanvia Wall Street Journal
Monday, August 14, 2017

But its retreat from secularism is a worrying sign.

Blank Section (Placeholder)Featured

Area 45: The Divided States Of America

interview with Morris P. Fiorina, Bill Whalenvia Area 45
Tuesday, August 8, 2017

The 2016 Election: Partisan or Cultural Divide?

Hammer, Sickle, and Soil: The Soviet Drive to Collectivize Agriculture
In the News

Hammer, Sickle, And Soil: The Soviet Drive To Collectivize Agriculture

Tuesday, August 8, 2017

As Russia marks one hundred years since the revolution, the Hoover Institution Press releases Hammer, Sickle, and Soil: The Soviet Drive to Collectivize Agriculture.

Press Releases

Terry Anderson Discusses The Blackfeet Nation On The John Batchelor Show

interview with Terry Andersonvia The John Batchelor Show
Monday, July 24, 2017

Hoover Institution fellow Terry Anderson discusses his Hill article "Zuckerberg meets Native American poverty."

Blank Section (Placeholder)Analysis and Commentary

The Libertarian: Buy American?

interview with Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, July 18, 2017

A look at the economic logic -- or lack thereof -- behind President Trump's push to "buy American"

Crowd at New York's American Union Bank during a bank run early in the Great Depression.
Analysis and Commentary

Tabarrok On The Great Depression

by David R. Hendersonvia EconLog
Thursday, May 25, 2017

Alex Tabarrok narrates a very good video on the Great Depression. It's called "Understanding the Great Depression." In it, he applies an aggregate demand/aggregate supply framework and puts most of what happened in that framework. I have two criticisms, but they shouldn't be interpreted to mean that the video is weak: it's quite good.

Allan Meltzer is a distinguished visiting fellow at the Hoover Institution
In the News

CMU's Allan Meltzer, Economist Extraordinaire

featuring Allan H. Meltzervia The Jewish Chronicle
Wednesday, May 24, 2017

Allan Meltzer, the internationally renowned economist and esteemed Carnegie Mellon University professor, died on May 8 at the age of 89. Meltzer was a pioneer for policy reform, a prolific author, a teacher, and a leader in his profession.

In the News

The Danger Of Deflation Still Looms Over Japan

quoting Thomas J. Sargentvia Forbes
Wednesday, May 24, 2017

According to Japan’s GDP figure for the first quarter of 2017 (released on May 18), the Japanese economy has grown by an annualized real rate of 2.2%. Most welcome this as the country's longest economic expansion in 11 years. Don't be fooled by this figure. It is actually a warning sign for Japan’s policymakers. Why? Because the nominal GDP has been shrinking slightly. The gap between growing real GDP and slightly shrinking nominal GDP is, of course, deflation. GDP deflator has declined by 0.6%.