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The Future of Fed’s Balance Sheet: A Policy Workshop

Thursday, March 7, 2019
Annenberg Conference Room, Lou Henry Hoover Building

The Federal Open Market Committee announced on January 30 that it “intends to continue to implement monetary policy in a regime in which an ample supply of reserves ensures that control over the level of the federal funds rate and other short-term interest rates is exercised primarily through the setting of the Federal Reserve's administered rates, and in which active management of the supply of reserves is not required.” Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization. 

Event
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The Libertarian: Rent Control, Housing, And Economics

interview with Richard A. Epsteinvia The Libertarian
Thursday, March 7, 2019

With Oregon creating the nation’s first statewide rent control regime, the implications for American housing policy are ominous.

Analysis and Commentary

The Law Of Demand Strikes Again

by David R. Hendersonvia EconLog
Thursday, March 7, 2019

The attraction then, as now, was the Columbia River, which we can glimpse a few blocks to our left. Bitcoin mining—the complex process in which computers solve a complicated math puzzle to win a stack of virtual currency—uses an inordinate amount of electricity, and thanks to five hydroelectric dams that straddle this stretch of the river, about three hours east of Seattle, miners could buy that power more cheaply here than anywhere else in the nation.

Featured

Indiscretionary Spending

via Budget Matters via America Off Balance
Thursday, March 7, 2019

The risk of another government shutdown is over—at least until October. The FAA is now funded, national parks are open, and federal employees are once again receiving paychecks (they even received a pay raise). The shutdown is just the latest proof that the federal budget process is broken. Republicans and Democrats spend countless hours quibbling over a relatively small piece of the budget. Meanwhile, they remain silent as the actual drivers of future deficits, entitlements, grow unabated.

In the News

Thomas Sowell Warns: America May Not Resist Socialism

featuring Thomas Sowellvia Rush Limbaugh Show
Wednesday, March 6, 2019

Thomas Sowell was interviewed by David Asman, who is at Fox News. He was filling in for Neil Cavuto, was guest hosting Cavuto’s show Coast to Coast on the Fox Business Network. He asked him, “You yourself as a student were drawn towards socialist ideas. You wrote a book on Marx. What turned you against” the Marxists theory?

In the News

Full-Blown Socialism Likely Coming To U.S., Warns Famed Economist

quoting Thomas Sowellvia The New American
Wednesday, March 6, 2019

President Trump vowed at his State of the Union address “that America will never be a socialist country.” But legendary economist Dr. Thomas Sowell sounded a more pessimistic note this week, saying that as far as avoiding a dystopian socialist future goes, “I wouldn’t bet on it.”

In the News

Commentary: Rent Control May Hurt Those It’s Meant To Help

quoting Lee Ohanianvia HeraldNet.com
Wednesday, March 6, 2019

Rent control has been shown to discourage the availability of housing stock, increasing rent costs.

Policy Seminar with Rebecca Diamond

Thursday, February 28, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Rebecca Diamond, Hoover Institution national fellow, and associate professor of economics at the Stanford Graduate School of Business, discussed “The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco.”

Event

Policy Seminar with Amit Seru

Thursday, February 21, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Amit Seru, Hoover Institution Senior Fellow and Professor of Finance at the Stanford Graduate School of Business, discussed “Shadow Banking.”

Event
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The Pacific Century: Learning From Hanoi And The Trade Deal With China

interview with Michael R. Auslin, John Yoovia The Pacific Century
Wednesday, March 6, 2019

Why Hanoi was not a failure; and whether the focus of the US-China trade deal should be on the theft of American inventions instead of tariffs and trade deficits.

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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