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Blank Section (Placeholder)Analysis and Commentary

The Pacific Century Reads A Long Telegram

interview with Peter Berkowitz, Michael R. Auslin, John Yoovia The Pacific Century
Tuesday, January 19, 2021

Parsing the State Department Policy Planning Staff’s New China Report with Peter Berkowitz.

InterviewsBlank Section (Placeholder)

Steven J. Davis -- “Some Economic Implications Of COVID-Related Shocks”

interview with Steven J. Davisvia The Better Policy Project
Tuesday, January 19, 2021

Hoover Institution fellow Steven Davis talks about some of the economic implications of COVID-19.

Analysis and Commentary

COVID-19 Is A Persistent Reallocation Shock

by Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyervia Becker Friedman Institute for Economics at the University of Chicago
Tuesday, January 19, 2021

Recent data from the firm-level Survey of Business Uncertainty reveal three pieces of evidence that COVID-19 is a persistent reallocation shock.

IntellectionsAnalysis and Commentary

Should Companies Put Profits Before Social Responsibility?

by Michael J. Boskinvia PolicyEd
Tuesday, January 19, 2021

There is a growing movement for companies to put social responsibility before profits—but the best defense for workers comes from a healthy and competitive market.

Analysis and Commentary

The Inevitability Of German Stimulus

by Melvyn B. Kraussvia Project Syndicate
Tuesday, January 19, 2021

The transition to new German leadership after 16 years under Chancellor Angela Merkel will not change the country's core political priorities vis-à-vis Europe. Preserving the eurozone will remain paramount, even if it means suspending Germany's traditional opposition to fiscal stimulus and deficits.

Bitcoins
In the News

Why Are Investors Gung Ho On Bitcoin, Tesla? Raghuram Rajan Has A Theory

quoting Raghuram Rajanvia Economic Times (India)
Monday, January 18, 2021

Ever since global markets started rebounding from their March lows, the prices of Tesla stock and Bitcoin have defied gravity as well as valuation metrics. Former Reserve Bank of India (RBI) Governor and eminent economist Raghuram Rajan says the cryptocurrency is nothing but a classic case of bubble, while the momentum in the Tesla stock is being driven partly by hordes of small investors. 

In the News

They Did Their Jobs Well

mentioning Kevin Hassett, H. R. McMastervia The Wall Street Journal
Monday, January 18, 2021
Pence, Kudlow, Rao, Pai and more: Here are the Trump appointees and policies that served the country.
Interviews

John Taylor: What To Expect From Janet Yellen’s Economic Policy

interview with John B. Taylorvia Fox Business
Monday, January 18, 2021

Hoover Institution fellow John Taylor provides insight into how economic policy, the value of the US dollar, regulations, taxes, and US-China relations will look while Janet Yellen is at the Treasury.

In the News

Biden’s Economic Plan Rests On A Daring Wager That Rates Stay Low. But Watch Out If They Don’t

quoting John H. Cochranevia Fortune
Monday, January 18, 2021

[Subscription Required] President-elect Biden's plans for sparking the economy by borrowing fresh trillions might seem reckless when the U.S. is facing the biggest debt and deficits in post-war history, with no relief in sight. 

United States Postal Service truck
Analysis and Commentary

A Shocking USPS Admission

by David R. Hendersonvia EconLog
Monday, January 18, 2021

Last Monday, January 11, I mailed off my estimated tax payments to California’s state government (an agency called the Franchise Tax Board) and the federal government (IRS). Both, but especially the check to the IRS, were for large amounts.

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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