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Analysis and Commentary

All That Glitters Is Not Gold

by John H. Cochrane via Grumpy Economist
Thursday, July 18, 2019

I wrote a Wall Street Journal Oped on the gold standard, partly in response to last week's Oped by James Grant (whose "PhD standard" is a great quip) and Greg Yp's excellent column on Judy Shelton and gold.

Featured

Forget The Gold Standard And Make The Dollar Stable Again

by John H. Cochrane via The Wall Street Journal
Wednesday, July 17, 2019

[Subscription Required] Precious metals no longer make sense as a store of value. Instead, peg money to goods and services.

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New Issue Of Hoover Digest Online

via Hoover Digest
Wednesday, July 17, 2019

The summer issue of Hoover Digest is now available online. The journal focuses on topics both classical—the economy, personal freedom, the role of government—and timely, such as cybersecurity, terrorism, and geopolitical shifts. 

Analysis and Commentary

Perhaps Progress Against Poverty Helped Test Scores Rise

by Michael J. Petrillivia Education Next
Wednesday, July 17, 2019

This is the fourth in a series of posts looking at whether the nation’s schools have improved over the past quarter-century or so—what might be considered the modern “reform era” of American education. The first two posts demonstrated that student outcomes rose significantly from the mid-1990s until the Great Recession —especially in reading and math, but in other academic subjects, too. 

Interviews

The Lawfare Podcast: Larry Diamond On 'Ill Winds'

interview with Larry Diamondvia Lawfare
Tuesday, July 16, 2019

Hoover Institution fellow Larry Diamond discusses his book Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency, in which he charts the rise of illiberal leaders across six continents; the growing influence of China and Russia; and how the election of Donald Trump has affected all of this. Diamond argues that, to curb rising despotism, the United States must reclaim its role as an ardent defender of global democracy. 

In the News

India Needs To Tap Into Foreign Capital To Trigger Investment And Growth: CEA Subramanian

quoting Raghuram Rajanvia Money Control
Tuesday, July 16, 2019

He also said that although the goal is a bit of a stretch, achieving $5 trillion economy by 2024-25 is possible. There is a need to consider tapping into foreign capital to trigger a cycle of investment and growth, Chief Economic Adviser (CEA) Krishnamurthy Subramanian said on July 16.

In the News

Opinion | We Should Not Be Crying Wolf Over Dollar Sovereign Bonds

quoting Raghuram Rajanvia Live Mint
Tuesday, July 16, 2019

Even if we assume a falling rupee, there is no reason why some risk cannot be taken on such bonds. It is interesting how committed globalizers suddenly turn near-nationalist when it comes to sovereign borrowings in non-rupee debt.

In the News

Reining In Government By Dear Colleague Letter: An Update

quoting Charles Calomirisvia Cato Institute
Tuesday, July 16, 2019

For many decades, critics have noted that agencies were using Dear Colleague and guidance letters, memos and so forth — also known variously as subregulatory guidance, stealth regulation and regulatory dark matter — to grab new powers and ban new things in the guise of interpreting existing law, all while bypassing notice-and-comment and other constraints on actual rulemaking.

In the News

How Big Data Can Help You Choose Better Health Insurance

quoting M. Kate Bundorfvia Fast Company
Tuesday, July 16, 2019

People have a hard time making choices when it comes to health insurance, so researchers are developing tools to help patients make the best decisions. There are plenty of easy consumer choices. Paper clips: easy. Dish sponges: easy. Those products sit at one end of the spectrum. At the other end, impossibly distant, is health insurance.

 

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Native Freedoms

by Terry Anderson, Wendy Purnellvia Hoover Digest
Tuesday, July 16, 2019

Indian tribes once had economies that helped them thrive, not merely survive. They must be allowed to reclaim their economic freedom, re-establish the rule of law, and reassert individual liberties.

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