(Part 2) Hoover Institution fellow Michael Boskin discusses his Project Syndicate article "Electing America’s Economic Future."

In Part I, I covered the “very good indeed” parts of President Donald Trump’s economic policies: the 2017 tax cut and the deregulation and slowing of new regulation. Here I turn to the “horrid:” his attacks on free trade, his hostility to immigration, and his failure to do anything to rein in federal spending. As in Part I, I wear two hats in judging him: (1) as a believer in economic freedom and (2) as an economist who cares about people’s economic wellbeing.

India should double the limit for bank deposits that are insured, to at least Rs 2 lakh. That would still be short of a rule of thumb, of the ceiling being double the per-capita GDP. The other rule of thumb, as former SBI economist MR Das explained on this page on Tuesday, is that the limit should cover 80% of depositors and at least 20% of the deposits. This is less relevant for India. The Rs 1 lakh limit, estimates Das, cover 92% of depositors, thanks to the huge increase in the number of small account holders, following financial inclusion drives.

Hoover Institution fellow Joshua Rauh paints a startling picture of just how broken the public pension system really is, and what will happen if we continue to ignore it.