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Now Is The Time For “Chapter 14” Bankruptcy Reform

by John B. Taylorvia Economics One
Friday, July 8, 2016

Yesterday a “Chapter 14” bankruptcy reform passed the House of Representatives as Title XI (The Financial Institution Bankruptcy Act) of the Appropriations Bill on Financial Services and General Government. This is a very promising development.

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Candid Candidates

by Charles Blahousvia Hoover Digest
Monday, July 11, 2016

The real litmus test of this campaign season is Social Security. Who will save it?


The EU's Inflexible Bank Rules Risk An Italian Brexit

by Melvyn B. Kraussvia Bloomberg
Tuesday, July 5, 2016

The fears of Brexit contagion may have seemed overblown after Spain's election a week ago. But as Italy's continuing banking crisis shows, the euro zone still faces major challenges.

Analysis and Commentary

"The Credit Card Companies Were There For Me"

by David R. Hendersonvia EconLog
Tuesday, July 5, 2016

Every year when I go to my cottage in Canada, I invite a friend along, either at the start of the season (when he helps me open the cottage) or at the end (when he helps me close.) This year, my guest is Robert Anthony Peters, a libertarian friend whom I've met at various events over the years.

In the News

Le Pen Party’s Russian Lender Falls Victim To Central Bank Purge

quoting Michael McFaulvia Bloomberg
Friday, July 1, 2016

Marine Le Pen’s National Front party, which turned to a Russian bank after saying it couldn’t get a loan domestically, will have to find a new lender.


Lee Ohanian On Bloomberg Radio (1:38)

interview with Lee Ohanianvia Bloomberg
Friday, June 24, 2016

Hoover Institution fellow Lee Ohanian discusses Janet Yellen’s testimony and the outlook for Fed policy. Ohanian notes that there is no sign the economy has recovered to its pre 2008 levels and Ohanian does not believe that the Fed's policy is the best medicine for the disease we have right now.


Rajan On Cash Transfers And Corruption

by John H. Cochrane via Grumpy Economist
Wednesday, June 22, 2016

Raghu Rajan, who just announced he is stepping down as Governor of the Central Bank of India, gave a very interesting speech, that bears among other things on the question of social programs vs. cash transfers.


Solid Economic Support For Sensible Financial Reforms

by John B. Taylorvia Economics One
Tuesday, June 21, 2016

Economic research, including work in the 1970s on time inconsistency, has long provided a rationale for central bank independence in conducting monetary policy. Indeed, the research encouraged the spread of central bank independence and inflation targeting around the world in the 1990s.

Federal Reserve
In the News

Fed's Janet Yellen: Taylor Rule And Fed Funds Rate

mentioning John B. Taylorvia Bloomberg
Tuesday, June 21, 2016

Federal Reserve Chair Janet Yellen speaks about the Taylor Rule and Fed Funds Rate. She speaks with Republican U.S. Senator Bob Corker of Tennessee during testimony before the U.S. Senate Banking Committee in Washington. 


John Taylor: The Fed Stands Pat

interview with John B. Taylorvia The Wall Street Journal
Thursday, June 16, 2016

Hoover Institution fellow John Taylor discusses why the central bank didn’t raise interest rates at its June meeting and how the Fed can get back to sound policies and normalization without roiling markets.


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