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Policy Seminar with Erik Hurst

Tuesday, February 13, 2018
Policy Seminar with Erik Hurst

Erik Hurst, V. Duane Rath Professor of Economics at the University of Chicago, and Deputy Director of the Becker Friedman Institute, talked about “The Transformation of Manufacturing and the Decline in U.S. Employment.”


A War On The Rich Won’t Help The Poor

by David R. Hendersonvia Wall Street Journal
Thursday, February 8, 2018

Oxfam notes that poverty has declined sharply, then ignores the quickest way to reduce it even more.

Blank Section (Placeholder)Analysis and Commentary

The Libertarian: The Nunes Memo And The Mueller Investigation

interview with Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Thursday, February 8, 2018

Is the GOP's intelligence memo a bombshell, a dud, or something in between?

Analysis and Commentary

Compliance Costs Of Federal Income Taxes Are Over 1 Percent Of GDP

by David R. Hendersonvia EconLog
Wednesday, February 7, 2018

Benzarti estimates the perceived compliance costs to tax filers by computing whether there were "too few" taxpayers with itemized deductions slightly greater than the standard deduction threshold. Taxpayers who might save a few dollars by itemizing might decide that itemizing was not worth the effort; those who could save much larger amounts would presumably incur the cost of keeping records and itemizing their deductions. 

Blank Section (Placeholder)Blank Section (Placeholder)Featured

Area 45: President Trump, From A Libertarian Perspective

interview with Richard A. Epsteinvia Area 45
Tuesday, February 6, 2018

Lower taxes and reduced regulations…is President Trump using the Libertarian playbook?

In the News

Will Companies Compete Away The Tax Cut's Bounty?

quoting John H. Cochrane via Fortune
Monday, February 5, 2018

Amid the euphoria over tax reform from CEOs and Wall Street, virtually no one is asking a sobering question: Will competition between businesses erode or erase the early benefits from the steep reduction in the corporate tax rate? After all, taxes are another expense, just as labor and interest are expenses. And no one’s getting special treatment.


Convexification And Complication

by John H. Cochrane via Grumpy Economist
Friday, February 2, 2018

From Richard Rubin at WSJ: The new tax law’s treatment of deductions gives people more reasons to concentrate giving in certain years, both inside and outside donor-advised funds.


Trump Gains Among Independents, Republicans After Tax Bill

by David Brady, Brett Parkervia Real Clear Politics
Friday, February 2, 2018

Donald Trump won the presidency on the back of strong support from Republicans and a substantial margin among Independents. After the failure to repeal the Affordable Care Act, his status declined among Independents and, to a lesser extent, Republicans. Inside the White House, the hope was that a September pivot to tax reform would turn things around for the president. It did not happen immediately.


Martin Feldstein: Jobs Data Projected To Show Faster January Growth

interview with Martin Feldsteinvia Fox Business
Thursday, February 1, 2018

Hoover Institution fellow Martin Feldstein discusses employment and the economy.


News Comments

by John H. Cochrane via Grumpy Economist
Friday, January 26, 2018

The tariff and the wall were the big news this week, with some lessons for looming infrastructure.