Seven years ago Mario Draghi could rely on words alone to convince markets that he would do “whatever it takes” to save the euro. Now, with his eight-year term drawing to a close, investors are willing to bet that the European Central Bank president is bluffing.
Raghuram Rajan has delivered some uncomfortable economic truths in a career spanning the International Monetary Fund and powerful positions in his native India. The question is whether Brexit Britain is ready to hear them from another foreign Bank of England governor.
Yesterday I broke with an old pattern I had developed during half a century of work (if you include college, where I did work hard) and took the day off. I had always wondered what it would be like to attend a major golf tournament and I was fortunate enough to get 2 free passes to the U.S. Open practice rounds plus a parking permit. So I invited a friend and we had a ball, so to speak.
interview with Russ Robertsvia Emergent Order Podcast
Friday, June 7, 2019
John Papola interviews economist, author, Hoover Institution fellow, and host of the EconTalk Podcast, Russ Roberts. John and Russ explore the story behind their first creative collaboration: Fear the Boom and Bust.
What is going on with the unending Brexit drama, the aftershocks of Donald Trump’s election and the “yellow vests” protests in France? What drives the growing estrangement of southern and eastern Europe from the European Union establishment? What fuels the anti-EU themes of recent European elections and the stunning recent Australian re-election of conservatives?
Martin Feldstein, a renowned economist and senior fellow at the Hoover Institution, passed away on June 11. Feldstein was the Chairman of the Council of Economic Advisers for President Reagan. Hoover Fellows who served on this council with him included Tom Gilligan, John Cochrane and David Henderson.
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.