Fiscal Policy

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California Dreamin’ Of A Legacy
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Solving The Puzzle Of Stagnant Wages
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Behind the Productivity Plunge: Fewer Startups
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Analysis and Commentary

Greece VS Puerto Rico And What's "Systemic."

by John H. Cochranevia Grumpy Economist
Saturday, July 4, 2015

How is a Greek default different from a Puerto Rican default? Answer: because Puerto Rico doesn't have its own banking system. It can't shut down banks. Banks in Puerto Rico are not loaded up on Puerto Rico debt, so depositors are not in danger if the state government defaults.

Articles
Analysis and Commentary

With July 4th Near, Is California Land Of The Free?

by Carson Brunovia Real Clear Markets
Wednesday, July 1, 2015

The Fourth of July holiday brings Americans together to celebrate their liberation from Great Britain over hot dogs, hamburgers, and fireworks, but it also serves to remind us about freedom; thus, it would only be fitting to take a look at how free the nation's largest state is.

Articles
Illustration by Taylor Jones for Hoover Digest
In the News

What Would Thucydides Say About The Crisis In Greece?

quoting Victor Davis Hansonvia The New York Times
Wednesday, July 1, 2015

A foreign delegation representing a powerful alliance confronts a small Mediterranean country with an ultimatum.

Articles
Interviews

Markos Kounalakis On The John Batchelor Show (30:22)

by John Batchelor interview with Markos Kounalakisvia John Batchelor Show
Tuesday, June 30, 2015

Hoover Institution fellow Markos Kounalakis speaks about the current fiscal trouble with Greece.

Podcasts
Analysis and Commentary

Kashyap On Greece

by John H. Cochranevia Grumpy Economist
Monday, June 29, 2015

Anil Kashyap has an excellent summary of the Greek debt crisis.

Articles
In the News

Neither Greece Nor European Union Will Emerge A Winner From Greek Debt Crisis

quoting Timothy Garton Ashvia Wall Street Journal
Monday, June 29, 2015

Collapse of Athens’s bailout negotiations with creditors to take a toll on Europe.

Articles
Analysis and Commentary

Greece Today Feels Like Old Soviet Union

by Markos Kounalakisvia Sacramento Bee
Monday, June 29, 2015

This familiar country has suddenly turned unfamiliar. I spent time here in the mid-1970s during college and played semi-pro basketball in Athens. My parents come from Crete and I speak the language.

Articles
Analysis and Commentary

With NSF Funds Limited, Is $697,177 For Climate Change Musical Worth It?

by Henry I. Millervia Los Angeles Times
Monday, June 29, 2015

The National Science Foundation too often shortchanges American taxpayers by funding low-value, low-priority social science projects.

Articles
In the News

Greek Default Will Happen, The Only Questions Are Method And Timing

mentioning John H. Cochranevia Irish Times
Sunday, June 28, 2015

No one will be surprised if Greek banks fail to open. That will be the start of the financial accident that everyone fears, the consequences of which are impossible to forecast, other than to speculate just how bad they will be.

Articles
Analysis and Commentary

The Importance Of Numeracy

by David R. Hendersonvia EconLog
Friday, June 26, 2015

When I was the senior economist for health policy under Martin Feldstein, chairman of President Reagan's Council of Economic Advisers, one of his biggest criticisms of politicians was their innumeracy.

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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