Fiscal Policy


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In the News

US Election: Hillary Clinton, Donald Trump Ignore US Debt Crisis

quoting Lanhee J. Chenvia Financial Review
Monday, August 1, 2016

Hillary Clinton and Donald Trump are playing the public for fools. While rallying the bases of their political parties with two sharply contrasting convention speeches in the past fortnight, both committed the same glaring omission.

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The Libertarian: Public Pensions And Public Finance

interview with Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Thursday, July 28, 2016

The coming crisis of public-sector debt.

In the News

Worry About Lack Of New Banks, Not 'Record Profits'

quoting Stephen Haber, Charles Calomirisvia The Hill
Tuesday, July 26, 2016

The House Committee on Oversight and Government Reform just had a hearing about the Federal Deposit Insurance Corporation's (FDIC) application process for de novo (new) banks. The purpose of the hearing was to uncover why we have so few new banks of late: Is it the slow economy and low interest rates, the regulations or something else driving away new applicants? 

Interest Rates

The Fed Missed Its Chance. Now What?

by Edward Paul Lazearvia Wall Street Journal
Thursday, July 21, 2016

The business cycle is peaking, with no interest-rate increase. The central bank has blown it. Still, better late than never.

In the News

Here's Why the Next Recession Isn't Around the Corner

mentioning Hoover Institutionvia Fortune
Monday, July 18, 2016

You can thank the hated banks. Last week, the S&P 500 charged to the 109th record high of the current bull market, now in it’s seventh year.


Fed Policy Running Against Capital Investment: Kevin Warsh

interview with Kevin Warshvia CNBC
Thursday, July 14, 2016

Hoover Institution fellow Kevin Warsh talks about the impact of the Federal Reserve and notes their policies have been running against capital investment, so we should not be surprised there is such a shortfall of investments in the economy.

In the News

How US Election Outcome Could Affect Fed Chair Appointment

mentioning John B. Taylorvia Investing
Wednesday, July 13, 2016

In a preliminary report on possible outcomes for the U.S. elections released on Wednesday, Morgan Stanley (NYSE:MS) evaluated the possible impact the results could have on the Federal Reserve (Fed) chair Janet Yellen and examined possible replacements.

In the News

Statement On The Financial CHOICE Act

mentioning Michael D. Bordo, Michael J. Boskin, Charles Calomiris, John H. Cochrane, John F. Cogan, Allan H. Meltzer, Lee Ohanian, George P. Shultz, John B. Taylorvia Stanford University
Monday, July 11, 2016

We support the reform principles that underlie the proposed Financial CHOICE Act (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs) which promote higher economic growth without bailouts, reduced risk of crises, and simplification of the regulatory process by emphasizing market mechanisms operating through the rule of law.


Stephen Haber And Charles Calomiris On The John Batchelor Show

interview with Stephen Haber, Charles Calomirisvia The John Batchelor Show
Sunday, July 10, 2016

Hoover Institution fellows Stephen Haber and Charles Calomiris discuss their book, "Fragile by Design: The Political Origins of Banking Crises and Scarce Credit."


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.


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