Fiscal Policy


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Industrial Policies and Economic Espionage

Articles On: Huawei, U.S. Sanctions, and Chinese Market and Economy

via China Global Sharp Power Weekly Alert
Sunday, May 24, 2020

This section highlights articles and reports on the harmful impacts of the commercial and economic policies employed by the Chinese Communist Party.

The Grumpy Economist
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The Grumpy Economist: The Urban Future

interview with John H. Cochranevia The Grumpy Economist | A Podcast with John H. Cochrane
Wednesday, September 16, 2020

Does COVID spell the end of cities as we know them — or is an urban renaissance brewing?

The Grumpy Economist
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The Grumpy Economist: Slouching Towards A Debt Crisis

interview with John H. Cochranevia The Grumpy Economist | A Podcast with John H. Cochrane
Friday, September 11, 2020

With federal debt at 100% of GDP, a look at the potentially ominous consequences.

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GoodFellows: But Seriously, Folks . . .

interview with John H. Cochrane, Niall Ferguson, H. R. McMaster, Bill Whalenvia Hoover Podcasts
Friday, September 11, 2020


With summer over and Americans (in theory, at least) returning to work, school, and familiar routines, what lies ahead for the remainder of 2020? Hoover Institution senior fellows Niall Ferguson. H. R. McMaster, and John Cochrane examine what might ensue in the way of pandemic, economics, geopolitics, and a contentious presidential election.

Analysis and Commentary

Good News From Georgia

by David R. Hendersonvia EconLog
Wednesday, August 26, 2020

Start with the state’s economy, which had a relatively low jobless rate of 7.6% in July. Construction was never shut down, and schools in much of the state are opening for classroom instruction. The state expected a budget shortfall of $1 billion for the year but the actual deficit was $210 million. Mr. Kemp says sales tax revenue is rebounding and the state hasn’t exhausted its $700 million reserve fund.

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Will Government Be Permanently Larger After The Pandemic Ends?

by David R. Hendersonvia EconLog
Friday, July 31, 2020

In his 1987 book Crisis and Leviathan, economic historian Robert Higgs argued that in the 20th century, the U.S. federal government grew mainly as a result of three crises: World War I, the Great Depression, and World War II. During those crises, the feds raised taxes, introduced more spending programs, and took on more regulatory power. 

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Area 45: Happy Birthday, Milton Friedman

interview with Jennifer Burnsvia Area 45
Thursday, July 30, 2020

What separates Friedman from other conservative economists, his quintessentially American life story, plus what the famed libertarian might make of the debate over masks, government edicts, and civil liberties.

Analysis and Commentary

New "Fiscal Theory Of The Price Level" Draft.

by John H. Cochranevia The Grumpy Economist
Wednesday, July 1, 2020

I posted a new draft of The fiscal theory of the price level, a slowly emerging book manuscript. It's heavily revised through Chapter 6.

Analysis and Commentary

Bill Whalen And David Henderson Conversation

by David R. Henderson mentioning Bill Whalenvia EconLog
Saturday, June 13, 2020

On June 4, my Hoover colleague Bill Whalen interviewed me about my latest article for Hoover’s Defining Ideas, “Just Say No to State & Local Bailouts,” June 3. I had heard and seen a talk by Bill on Zoom a week earlier and was impressed with his deep knowledge of California politics. His show is titled “Area 45.”

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Area 45: David Henderson: Pandemics & “Never-Ending Pasta Bowls”

interview with David R. Hendersonvia Area 45
Thursday, June 4, 2020

Should Washington come to the rescue of several of the nation’s largest states?


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