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Blank Section (Placeholder)Analysis and Commentary

Furman, Summers And Taxes

by David R. Hendersonvia Defining Ideas
Wednesday, May 1, 2019

Our goal should be a less intrusive, less oppressive government.

In the News

Trump Steps Up Pressure On Fed To Cut Interest Rates, But Economists Say It’s A Bad Idea

quoting Lee Ohanianvia The Los Angeles Times
Tuesday, April 30, 2019

President Trump is heaping nonstop pressure on the Federal Reserve to lower interest rates and provide further support to speed up growth, even though the economy is expanding at a healthy pace and economists widely agree that this is not the time to be taking such actions.

In the News

Expert: Doubling All Income Taxes Still Wouldn’t Pay For Medicare For All

quoting Charles Blahousvia NTK Network
Tuesday, April 30, 2019

Senior Research Strategist at the Mercatus Center at George Mason University, Charles Blahous, told the House Rules Committee on Tuesday that “doubling all currently projected federal individual and corporate income tax would be insufficient to finance” Medicare for All.

In the News

Apple’s Plan To Buy $75 Billion Of Its Stock Fuels Spending Debate

quoting Laurie Simon Hodrickvia The New York Times
Tuesday, April 30, 2019

Shortly after Apple used a new tax law last year to bring back most of the $252 billion it had held abroad, the company said it would buy back $100 billion of its stock.

In the News

Trump Fed Pick Stephen Moore’s Worry About Declining ‘Male Earnings’ Criticized As ‘Chauvinistic, Retrograde View’

quoting David R. Hendersonvia Newsweek
Tuesday, April 30, 2019

President Donald Trump’s pick for the Federal Reserve Board said that the largest problem for the U.S. economy is the decline in “male earnings.”

Analysis and Commentary

Update Of Carl Menger Bio

by David R. Hendersonvia EconLog
Tuesday, April 30, 2019

A reader of The Concise Encyclopedia of Economics contacted me recently to point out the following.

Interviews

Top Of Mind: Buyback Realities With Steven Davis

interview with Steven J. Davisvia Goldman Sachs
Thursday, April 11, 2019

Hoover Institution fellow Steven Davis discusses whether corporate buybacks are a good use of corporate cash or whether corporations could spend the money more effectively elsewhere.

BusinessFeatured

At $140,000 Per Year, Why Are Government Workers In California Paid Twice As Much As Private Sector Workers?

by Lee Ohanianvia California on Your Mind
Tuesday, April 30, 2019

Nationwide, government-worker compensation has been growing more rapidly than private-sector compensation for several years, but this trend is on steroids in California, where some state and local government workers are now paid roughly twice as much as those in the private sector.

In the News

Discrimination And Disparities

featuring Thomas Sowellvia DeSoto Times-Tribune
Monday, April 29, 2019

My longtime friend and colleague Dr. Thomas Sowell has just published a revised and enlarged edition of “Discrimination and Disparities.” It lays waste to myth after myth about the causes of human differences not only in the United States but around the globe. Throughout the book, Sowell shows that socioeconomic outcomes differ vastly among individuals, groups and nations in ways that cannot be easily explained by any one factor, whether it’s genetics, sex or race discrimination or a history of gross mistreatment that includes expulsion and genocide.

In the News

Libor Is Both Alive And Dead

quoting Darrell Duffievia Washington Post
Monday, April 29, 2019

By the end of 2021, the smorgasbord of benchmark borrowing costs known as the London Interbank Offered Rates is due to die. Rendered archaic by shifts in the wholesale money markets, not to mention sullied by rigging, the world’s regulators have deemed Libor no longer fit for purpose.

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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