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In the News

'Wages And Benefits' Make Up Almost 3/4 Of The Fiscal Year 2019-2020 General Fund Budget

quoting Lee Ohanianvia The Sanger Herald
Wednesday, June 19, 2019

The council took very little time at its June 13 meeting to approve an overall city budget for fiscal year 2019-2020 of about $47 million with a general fund budget of a little more than $13.6 million.

Interviews

Condoleezza Rice: China Hurt Itself By Saying It Wanted To Dominate The Tech World

interview with Condoleezza Ricevia CNBC
Wednesday, June 19, 2019

Hoover Institution fellow Condoleezza Rice discusses immigration, trade, closed markets, and cyber-security issues that the US and world have with China. Rices notes that a trade agreement between the US and China, will help not only the US and China, but economies worldwide.

Analysis and Commentary

Giving USA Gets The Incentives Half Right

by David R. Hendersonvia EconLog
Wednesday, June 19, 2019

“After reaching record-breaking levels of giving in 2017, American individuals and organizations continued their generous support of charitable institutions in 2018,” said Rick Dunham, chair of Giving USA Foundation and CEO of Dunham + Company. “However, the environment for giving in 2018 was far more complex than most years, with shifts in tax policy and the volatility of the stock market. This is particularly true for the wide range of households that comprise individual giving and provide over two-thirds of all giving.”

Featured

We Can't Rely On National Governments To Save Failing Communities. It's Time For A New Approach

by Raghuram Rajanvia CNN Business
Tuesday, June 18, 2019

As technological change has allowed societies around the world to prosper, others are being left behind.

Blank Section (Placeholder)Analysis and Commentary

Reasonable Disagreements: In Defense Of Classical Liberalism (Among Other Things)

interview with Richard A. Epstein, Adam J. Whitevia Reasonable Disagreements
Wednesday, June 19, 2019

Who are the critics of classical liberalism—namely, modern-day advocates for socialism.

Interviews

Darrell Duffie: Facebook Announces Plans For Libra, Its Own Cryptocurrency

interview with Darrell Duffievia WESM 91.3 FM
Tuesday, June 18, 2019

Hoover Institution fellow Darrell Duffie discusses Libra, Facebook's new crypto-currency.

IntellectionsFeatured

What Democratic Socialism Does To Economic Prosperity

by Lee Ohanianvia PolicyEd
Tuesday, June 18, 2019

Democratic socialism diminishes economic prosperity and ultimately requires a return to market-based policy.

Golden Gate Bridge in San Francisco, California
Analysis and Commentary

Ominous News From The San Francisco Fed

by David R. Hendersonvia EconLog
Tuesday, June 18, 2019

And you thought the Fed was just about monetary policy. The Federal Reserve Bank of San Francisco wants banks to get extra credit for making loans that help communities adapt to climate change and prepare for future natural disasters.

Featured

Cyber Runs: How A Cyber Attack Could Affect U.S. Financial Institutions

by Darrell Duffie, Joshua Youngervia Brookings Institution
Tuesday, June 18, 2019

Cyber risks to financial stability have received significant attention from policy makers. These risks are worsened by the increasing diversity of perpetrators—including state and non-state actors, cyber terrorists, and “hacktivists”—who are not necessarily motivated by financial gain.

Featured

The Recovery Is Reaching Its End

by Edward Paul Lazearvia The Wall Street Journal
Tuesday, June 18, 2019

When unemployment dropped below 5% three years ago, some economists, including at the Federal Reserve, concluded that the labor market had topped out—that those still out of work would never get jobs. Three years and nearly eight million additional jobs later, it’s clear they were wrong.

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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