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In the News

Six Terrifying Graphs That Summarize America's Public Pension Crisis

quoting Joshua D. Rauhvia ZeroHedge
Wednesday, May 24, 2017

A new report from the Hoover Institution written by Senior Fellow Joshua Rauh and entitled "Hidden Debt, Hidden Deficits: How Pension Promises Are Consuming State And Local Budgets," does a masterful job illustrating the true severity of America's public pension crisis, a topic to which we've dedicated a substantial amount of time over the past couple of years. 

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Inconvenient Math?

by Michael S. Bernstamvia Hoover Digest
Monday, April 24, 2017

On climate change, the uncertainties multiply—literally. 

Policy Seminar with Sir John Vickers

Tuesday, March 21, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Sir John Vickers, Warden of All Souls College, University of Oxford, presented “Banking Reform in the UK.” 

The Effect of Tax Preferences on Health Spending
Analysis and Commentary

How To Repeal And Replace Obamacare And Pass Tax Cuts/Tax Reform By April 15, 2017

by Alvin Rabushkavia Thoughtful Ideas
Tuesday, February 21, 2017

The first law of Congressional dynamics states that Congress will delay action on any important policy as long as possible until it’s too late to pass legislation in any given two-year Congressional session.  As an illustration, the last overhaul of the federal income tax was President Reagan’s Tax Reform Act of 1986, 31 years ago.

In the News

Oroville Dam Is Just Part Of California's Crumbling Infrastructure

quoting Victor Davis Hansonvia Los Angeles Times
Saturday, February 18, 2017

Dams don’t just deteriorate overnight, so how did we get here? Victor Davis Hanson, a scholar at the Hoover Institution, blames unfocused political leaders who diverted their attention from maintaining the critical network of dams and aqueducts built by a previous generation of Californians, and instead focused on dubious progressive causes...

Tax cuts and reforms
Analysis and Commentary

Why Tyler Cowen's Pessimism Fails To Persuade Me

by David R. Hendersonvia EconLog
Friday, February 17, 2017

In his excellent post on taxes and the incidence of taxes, co-blogger Scott Sumner does not mention another important issue in taxation: deadweight loss. The deadweight loss from a tax is the part of the loss to those who bear the tax that does not go to the government. Thus the term "deadweight." (Scott's graph shows a small deadweight loss, but he does not elaborate on this.)

John Cochrane explains how America should focus on growth, not economic redistribution
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What's Wrong With The American Economy?

interview with John H. Cochranevia Uncommon Knowledge
Tuesday, January 24, 2017

John Cochrane explains how America should focus on growth, not economic redistribution.

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Putting Words into Action

by Lee Ohanianvia Hoover Digest
Friday, January 27, 2017

The new administration’s economic policies range from good to not so good. The time is short to straighten them out. 

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The Infrastructure Myth

by Paul R. Gregoryvia Hoover Digest
Friday, January 27, 2017

Politicians always demand more infrastructure—and the spending that goes with it. Yet the United States already spends vast sums on such things, much of it wasted. 

In the News

Better Ways Than Jawboning For Trump To Grow US Jobs

quoting John H. Cochranevia Chicago Tribune
Friday, December 9, 2016

Donald Trump ran on a promise to bring back manufacturing jobs that have been shipped overseas, partly by using import tariffs to punish U.S. companies that move their operations abroad. He took the first step toward keeping that promise when Indiana manufacturer Carrier Corp., offered a package of state tax incentives (and possibly fearful of its corporate parent losing Pentagon contracts), agreed to retain 800 workers it had planned to lay off.


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