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The Opioid Crisis and a Distorted Legal Response

by Richard A. Epsteinvia Defining Ideas
Monday, October 26, 2020

Courts don’t need an exotic use of “public nuisance” theory when traditional remedies are available.

In the News

Raghuram Rajan Says Jobless Youth Will Hit The Streets, Diverting Them Won't Work For Long

featuring Raghuram Rajanvia India Times
Monday, October 26, 2020

Former governor of Reserve Bank of India Raghuram Rajan on Wednesday said that if India does not create enough jobs, youths will come to the streets (in protest). Raghuram Rajan said that young people in the country require jobs, and that while attention can be diverted by social media and fake news, it will only work for so long.

Featured

Google’s ‘Monopoly,’ And The Case Against It, Looks Surprisingly Like Standard Oil’s

by Thomas W. Gilliganvia Daily Caller
Monday, October 26, 2020

Based on some novel ideas and the application of new and powerful technologies, a company is formed which, within a relatively short period, achieves a dominant position in the markets in which it operates. Many of these markets did not exist prior to the company’s creation.

Analysis and Commentary

Fredrik Deboer On The Cult Of Smart

by Russ Robertsvia EconTalk
Monday, October 26, 2020

Author and journalist Fredrik deBoer discusses his book The Cult of Smart with EconTalk host Russ Roberts. DeBoer argues that there is little that can be done to change the distribution of success in K-12 education. He argues that educational reforms like charter schools and No Child Left Behind are doomed to failure. At the end of the conversation, deBoer, a self-described Marxist, makes the case for a radical re-imagining of the U.S. economy.

 
In the News

No End In Sight For Record-High Public Debt Fueled By COVID-19

quoting Raghuram Rajanvia Nikkei Asian Review
Sunday, October 25, 2020

Countries around the world have expanded fiscal expenditure due to the coronavirus pandemic, causing public debt to balloon to unprecedented levels. The debt-to-gross domestic product ratio of advanced economies in 2021 will reach a record high of 125%.

Analysis and Commentary

Illinois Restaurants Collude To Expand Output

by David R. Hendersonvia EconLog
Sunday, October 25, 2020

Seventy local businesses met Thursday night, agreeing to keep serving customers indoors despite a new state order, a Bradley restaurant owner said.

Interviews

Shelby Steele Discusses Amazon’s Initial Refusal To Show His Film, Race Relations In America

interview with Shelby Steelevia Daily Caller
Saturday, October 24, 2020

Hoover Institution fellow Shelby Steele discusses Amazon's initial refusal to show his film What Killed Michael Brown, as well as race relations in America.

Analysis and Commentary

How Much Should Young People Be Punished?

by David R. Hendersonvia EconLog
Saturday, October 24, 2020

Great debate on lockdowns. I like what retired Professor John A. Lee has to say. Economist Dan O’Brien is also very succinct: How much punishment are we willing to inflict on young people?

In the News

Does Debt Matter For The Economy And Gold?

quoting John H. Cochranevia Investing
Friday, October 23, 2020

The U.S. passed a milestone. The federal debt in private hands surpassed 100% of GDP measured quarterly, in the second quarter of 2020. On an annual basis, it would exceed the size of the economy next year, due to a massive fiscal stimulus and a plunge in revenues amid the coronavirus crisis (however, the fiscal deficits and debts were already increasing significantly prior to the outbreak of pandemic ).

Interviews

Hong Kong: A Conversation With Jimmy Lai | Lai & Davis

interview with Steven J. Davisvia Stigler Center
Friday, October 23, 2020

Hoover Institution fellow Steven Davis interviews Jimmy Lai concerning the struggle for political freedoms in Hong Kong, why the Chinese Communist Party and the PRC are hostile to those freedoms, the inherent conflict between the CCP system and Western values, and what that conflict means for China and the rest of the world.

Pages

Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple