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by Lee Ohanian, Edward Prescottvia Wall Street Journal

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Featured

Corporations Will Do Less For Society If They Are Mandated To Do More

by Lee Ohanianvia The Hill
Wednesday, September 25, 2019

Treasury Secretary Steve Mnuchin recently criticized 181 CEOs of leading corporations, including Apple, Amazon and Walmart, who signed a statement redefining the purpose of a corporation.

In the News

The Minimum Wage Lie

quoting Thomas Sowellvia The Daily Campus
Wednesday, September 25, 2019

With the minimum wage set to increase beginning next week in the state of Connecticut, we are once again reminded that our political leaders believe themselves to be more competent than the free market and the individual actors who operate within it. Though the narrative is routinely given precedence, here is the fact of the matter: Wage floors only help the politicians who promise them.

In the News

The Life-Changing Magic Of Working A Bit Longer

quoting John Shovenvia Southeast Missourian
Monday, September 23, 2019

Retirement experts frequently recommend working longer if you haven't saved enough. But you may not realize just how powerful a little extra work can be. Researchers who compared the relative returns of working longer versus saving more last year reached some startling findings.

Analysis and Commentary

Dani Rodrik On Neoliberalism

by Russell Robertsvia EconTalk
Monday, September 23, 2019

Dani Rodrik of Harvard University talks about neoliberalism with EconTalk host Russ Roberts. Rodrik argues that a dogmatic embrace of markets has increased inequality and limited who benefits from economic growth. He argues for a more interventionist approach to the economy with the goal of better-paying jobs and more widely shared prosperity.

In the News

Don’t Give Up On The Tax Cuts And Jobs Act Just Yet

mentioning Kevin Hassettvia American Enterprise Institute
Monday, September 16, 2019

Corporate tax reform — specifically, the federal corporate rate cut to 21 percent — was a centerpiece of the December 2017 Tax Cuts and Jobs Act (TCJA). For decades, while other countries cut rates, the US did not change its corporate tax rate, resulting in the US having the highest statutory corporate tax rate in the developed world in 2017. Even when comparing effective tax rates, the US rate was well above that of the Organisation for Economic Co-operation and Development countries.

PoliticsFeatured

The Economic Blowback If California’s Independent Contractors Are Eliminated

by Lee Ohanianvia California on Your Mind
Tuesday, September 17, 2019

Last week, the California Senate passed a new bill that will cause somewhere between one million to two million workers, perhaps even more, to lose their status as independent contractors. If California governor Gavin Newsom signs the bill, an independent contractor will have to satisfy the following legally binding criteria:

1. Be free from the “control and direction” of their employer
2. Be performing work that is “outside the course” of the company’s usual business
3. Have their own independently established trade, occupation, or business

Featured

Transcript: Condoleezza Rice On "Face The Nation," September 15, 2019

interview with Condoleezza Ricevia Face the Nation (CBS)
Sunday, September 15, 2019

Hoover Institution fellow Condoleezza Rice discusses John Bolton, foreign policy, Russia, employment, automation, trade, education, and much more.

In the News

Battle Over “Progressive” Solutions Leaves Independent Contractors On Edge

quoting Thomas Sowellvia The Orange County Register
Wednesday, September 11, 2019

As the final week of the legislative session was winding down, the Senate and Assembly in party-line votes approved Assembly Bill 5, which will codify the state Supreme Court’s Dynamex ruling, leaving as many as 2 million freelance workers with an unsure future.

Analysis and Commentary

Daron Acemoglu On Shared Prosperity And Good Jobs

by Russell Robertsvia EconTalk
Monday, September 9, 2019

Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.

Analysis and Commentary

Author On British Inheritance Misses Two Important Points

by David R. Hendersonvia EconLog
Saturday, September 7, 2019

In a recent article titled “Is property inheritance widening the wealth gap?” author James Gordon points out that people in Britain who own houses will often leave them to their adult children and, thus, adult children of Brits with no houses will see a large gap between their wealth and those of their housing-endowed peers.

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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