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In the News

Virtue-Signaling Banks Hurt Shareholders And Customers

quoting Stephen Haber, Charles Calomirisvia American Banker
Monday, April 29, 2019

House Financial Services Chair Maxine Waters and Sen. Elizabeth Warren called for and got Wells Fargo CEO Tim Sloan’s scalp, highlighting a dangerous politicization of banking. Politicized banking misallocates capital, increases financial-system risk and reduces value for consumers and businesses.

In the News

GDP Data Illustrate Both The Good And Bad Of Trump's Trade Wars

quoting Steven J. Davisvia Bloomberg
Friday, April 26, 2019

One big headline from Friday’s initial report on first-quarter U.S. gross domestic product is the boost growth received from the fallout of President Donald Trump’s trade wars. Yet below the surface are signs of how his disruptive approach to trade is also dampening growth in a way that may be more worrying for the long term.

Modern Monetary Theory: Cautionary Tales from Latin America

by Sebastian Edwardsvia Economics Working Papers
Thursday, April 25, 2019

Economics Working Paper 19106

In the News

Kirkus Review On Why Cities Lose: The Deep Roots Of The Urban-Rural Political Divide

featuring Jonathan Roddenvia Kirkus Reviews
Monday, April 29, 2019

The enduring importance of geography in American politics. Many argue that partisan gerrymandering causes cities to lose to rural areas in countywide, winner-take-all elections. That is too simple an explanation, writes Rodden (Political Science/Stanford Univ.; Hamilton’s Paradox: The Promise and Peril of Fiscal Federalism, 2005). Much more important is the geographical location of a political party’s base. 

Interviews

The Best Ways To Save And Spend Money In Your 20s And 30s, According To Financial Historian Niall Ferguson

interview with Niall Fergusonvia CNBC
Monday, April 29, 2019

Hoover Institution fellow Niall Ferguson says there are a few big things that every millennial should keep in mind when they start to earn and spend money.

In the News

An 'F' For Warren's Unfair Plan To Nix Student Loan Debt

quoting Paul E. Petersonvia Chicago Tribune
Sunday, April 28, 2019

Among Democratic presidential candidates, student loan debt offers sweet opportunities to pander. Sen. Elizabeth Warren of Massachusetts has the boldest plan, promising to help 95 percent of those with such obligations. Sen. Kamala Harris of California favors a “commitment to debt-free college.” Sen. Bernie Sanders of Vermont says action is needed because “we don’t punish people for the crime of getting a higher education.”

Interviews

Crucial For Trump To Have A Deal With China, Hoover's Lanhee Chen Says

interview with Lanhee J. Chenvia Bloomberg
Sunday, April 28, 2019

Hoover Institution fellow Lanhee Chen talks about the trade negotiations between the world's two largest economies, and the implications for the US presidential election.

moral compass
Analysis and Commentary

The Art Of Moral Self-Defense

by David R. Hendersonvia EconLog
Sunday, April 28, 2019

I’m going with a friend to see Jordan Peterson speak in San Francisco on Thursday. This morning when I was surfing YouTube, I found a 4-minute segment in which he had an interaction with an audience member in Australia.

In the News

Los Angeles Working To Find Missing Seniors With Help Of Ankle Bracelets

quoting John Villasenorvia Fox News
Sunday, April 28, 2019

A new Los Angeles program helps find missing seniors suffering from dementia or autism, with the use of electronic monitoring bracelets. More than 250 residents in L.A. County have been given the devices since October, which AP says have saved at least four missing people.

Analysis and Commentary

Senator Elizabeth Warren: Help The Relatively Rich By Taxing Everyone

by David R. Hendersonvia EconLog
Saturday, April 27, 2019

Despite her best intentions and her description of the plan as progressive, a quick analysis finds Senator Elizabeth Warren proposal to be regressive, expensive, and full of uncertainties. 

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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