Articles
Is Workers’ Compensation Keeping Pace?
Use the proper benchmark to explore questions of what’s fair.
November 10, 2026
The United States is tenth in the world among nations’ protecting intellectual property. In 2016 US patent applications declined by one percent. Stephen Haber, the Hoover Institution’s Peter and Helen Bing Senior Fellow, examines a patent landscape that includes Big Pharma, Big Tech, legal trolls, and Keanu Reeves–like actors. He also offers a few suggestions for how the Trump administration can shield and spur American innovation.
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Essays
Limiting Federal Spending Growth to Balance the Budget
Many think that balancing the federal budget would require deep cuts in entitlement programs. This paper shows to the contrary that the budget can be balanced within 15 years through modest and sustained federal spending restraint and moderately higher economic growth. Key to this restraint is to limit the growth in the average future value of entitlement benefits per recipient to today’s level, after adjusting for inflation and rising healthcare costs.
November 10, 2026
Articles
Brazil Finances
Many correspondents have sent me views of Brazil’s fiscal situation. Some quotes follow. (Anonymous. On the one hand, credit where it is due. On the other hand, these are personal emails which I didn’t check for permission to forward, and I don’t want to out people for corresponding with me! I also didn’t check any numbers.)
November 7, 2026