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In the News

Bailout Plan Is Only One Step on a Long Road

with Robert E. Hallvia New York Times
Monday, September 29, 2008

The government’s planned financial bailout is a significant if costly step intended to avert economic calamity, but it may not be the last one, according to economists and finance experts...

In the News

Time is Running Out

by Victor Davis Hansonvia Works and Days
Sunday, September 28, 2008

Obama’s constant deference to McCain as in “John is right…”; the worried side-looks over at McCain, who, in contrast, addressed the audience; and the desire for false intimacy (employing “John” instead of “Sen. McCain”) reflected the relative lack of gravitas on Obama’s part—something that transcends education, eloquence, and youthful vigor...

In the News

The Financial Crisis II

by Gary S. Becker with Milton Friedmanvia Becker-Posner Blog
Sunday, September 28, 2008

In considering what needs to be done to improve the functioning of the financial system, it is necessary to distinguish steps to avoid a major depression in the near term from long run reforms of the financial system...

Analysis and Commentary

Review: Act normal: Stephen Baker's 'Numerati' are counting on it

by Liam Julianvia St. Petersburg Times
Sunday, September 28, 2008

Some say environmentalism is the new religion, "green" the new god...

In the News

The Washington Panic

with Gary S. Beckervia Wall Street Journal
Saturday, September 27, 2008

Thursday night's negotiated sale of Washington Mutual to J.P. Morgan Chase was a nifty bit of financial plumbing that minimized the damage to taxpayers while putting a banking zombie in sounder hands...

In the News

Ontario economic summit starts, Tuesday

with Niall Fergusonvia Globe and Mail (Canada)
Friday, September 26, 2008

Canada 2020 and Financial Times co-host conference on the U.S. economic crisis...

Analysis and Commentary

Obama's Truly Radical Idea

by Clint Bolickvia Forbes
Friday, September 26, 2008

Exhibit A in Sen. Barack Obama's case that he is the women's candidate, despite Sen. John McCain's choice of Gov. Sarah Palin as his running mate, is that "she's opposed, like John McCain is, to equal pay for equal work."...

In the News

Greenspan Calls for Action on Financial Crisis

with Robert E. Hall, George P. Shultzvia Wall Street Journal
Friday, September 26, 2008

Former Fed Chairman Alan Greenspan co-signed a letter calling for lawmakers to take action to relieve the financial crisis. Greenspan, along with former Treasury Secretary George Shultz and Robert Hall of the Hoover Institution, declined to back a specific plan, instead saying, “We endorse all plans that would preserve the key functions of the threatened financial institutions.” Full text of the letter follows:...

In the News

Book Bench: Selected E-Mails: Russell Roberts

with Russ Robertsvia New Yorker
Wednesday, September 24, 2008

Russell Roberts, a professor of economics at George Mason University, writes in one of the more intriguing genres we’ve come across lately: that of the economic novel, or the economic romance, as his books have been described by his publishers...

Analysis and Commentary

A Political "Solution"

by Thomas Sowell with Milton Friedmanvia Creators Syndicate
Tuesday, September 23, 2008

Who was it who said, "crack-brained meddling by the authorities" can "aggravate an existing crisis"?...

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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