Fiscal Policy


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In the News

Why Stocks Can’t Wait For The Midterms To Be Over

quoting Steven J. Davisvia The Wall Street Journal
Sunday, May 6, 2018

[Subscription Required] The stock market is likely to struggle between now and the Nov. 6 midterm elections.

Policy Seminar with Luigi Zingales

Thursday, April 26, 2018
George Shultz Conference Room

Luigi Zingales, the Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business, gave a talk on “the Financial Crisis Ten Years On.”


Policy Seminar with Michael Bordo

Wednesday, April 25, 2018
Annenberg Conference Room
Michael Bordo, Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, New Jersey, gave a talk on “An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime.”
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California Saving

by Joshua D. Rauhvia Hoover Digest
Friday, April 20, 2018

California can wake up from its public-pension nightmare. The key: getting rid of ruinous defined-benefit plans.

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The Can’t-Do State

by Michael J. Boskinvia Hoover Digest
Friday, April 20, 2018

The Golden State may remain a land of great strengths, but it suffers from political inertia. Who will defy the entrenched interests?



by John H. Cochranevia Grumpy Economist
Friday, April 6, 2018

Economists delight in unravelings -- behavioral responses that undo bright ideas. A subsidy for skunks produces cats with white stripes. Two good ones came up this week.

In the News

Conservative Economists Turning Back To Debt Hysteria

featuring Michael J. Boskin, John H. Cochrane, John F. Cogan, George P. Shultz, John B. Taylorvia New York Magazine
Thursday, March 29, 2018

It is a foundational belief of Republican Party doctrine that tax cuts cannot have any adverse impact on the national debt. Indeed, Republicans have invented a new language in which budget deficit does not actually mean the difference between revenue and outlay at all. It is a term used exclusively to express panic over social spending.


A Debt Crisis Is On The Horizon

by Michael J. Boskin, John H. Cochrane, John F. Cogan, George P. Shultz, John B. Taylorvia The Washington Post
Tuesday, March 27, 2018

We live in a time of extraordinary promise. Breakthroughs in artificial intelligence, 3D manufacturing, medical science and other areas have the potential to dramatically raise living standards in coming decades. But a major obstacle stands squarely in the way of this promise: high and sharply rising government debt.


Bill Whalen: Can America Grow Without Inflation? (4:20)

interview with Bill Whalenvia The John Batchelor Show
Tuesday, March 13, 2018

Hoover Institution fellow Bill Whalen discusses whether there is a second phase of taxes to be cut by the Trump Administration.

Analysis and Commentary

Arnold Kling On Economics For The 21st Century

by Russ Robertsvia EconTalk
Monday, March 12, 2018

Economist, blogger, and author Arnold Kling talks with EconTalk host Russ Roberts about the state of economics in the 21st century. Kling argues that economics would be more useful if it took account of intangibles like culture, incorporated the role of financial intermediation in the economy, and modeled some of the the subtleties of the labor market--how wages are set and the role of team production.


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