Ask the proverbial "man on the street" whether current government debt imposes a burden on future generations, and he will likely answer "yes." But ask the same question of sophisticated economists, especially Keynesian ones, and they will likely answer "no."

In his annual address to parliament on April 21, Russian president Dmitry Medvedev reported that gross domestic product (GDP) had declined 2 percent in the first quarter.  Medvedev assured the Russian people that his economic team had everything under control, that the recession would be mild, and that growth would resume in 2016.

Hoover fellow John Cochrane discusses the future of finance, MOOCs, debt, regulation, and the need for free markets.

In his Huffington Post essay The Rise of the Working Poor and the Non-Working Rich, Robert Reich complains that: “America’s legendary ‘self-made’ men and women are being fast replaced by wealthy heirs…” Reich’s proposed remedy: raising taxes on the rich, especially inheritance taxes.