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Featured

Infrastructure Policy: Lessons From American History

by Adam J. Whitevia The New Atlantis
Sunday, April 1, 2012

For the last several years, dating back to the Iraq War’s low point, it has been the vogue to speak of “nation-building at home.” It is intended as a pun: usually when we talk about “nation-building” we mean the work of establishing in other countries the institutions and values necessary for political stability. Those who speak of “nation-building at home” imply that the cost of overseas interventions has left the United States in a condition of disrepair. They suggest that money being spent abroad would be better spent on domestic projects, including on a more literal kind of nation-building — the construction and repair of roads, railroads, bridges, dams, pipelines, and the other elements of infrastructure.

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Native American Heritage: It’s Not What You Think

by Terry Anderson, Wendy Purnellvia Defining Ideas
Tuesday, February 12, 2019

The ideas defining a free Native American society.

FeaturedAmerica Off Balance

Reconsidering Last Year’s Budget Proposal

by Daniel Heilvia Budget Matters, America Off Balance
Tuesday, February 12, 2019

The White House is set to release its 2020 budget request any day now. Including the introduction, appendices, and supplemental materials, the proposal will be well over one thousand pages. Each section will be filled with descriptions and tables outlining how much the president wants to spend on each department, agency, and program. The proposal goes to Congress where, unsurprisingly, much of it is disregarded.

BusinessFeatured

California’s “Big Brother” Labor Regulations Will Harm Those Whom It Intends To Help

by Lee Ohanianvia California on Your Mind
Tuesday, February 12, 2019

According to employment law attorneys, California has the strictest regulations regarding women’s earnings and employment in the country. Unfortunately, recently enacted and proposed legislation that is intended to advance women’s earnings and opportunities have significant, unintended negative effects that will indirectly hurt women, particularly those from minority groups or with fewer skills. Men will also be affected negatively, as extreme and expensive regulations will drive even more businesses from the state and reduce opportunities for all workers.

Interviews

Richard Epstein On The John Batchelor Show (Part 1)

interview with Richard A. Epsteinvia The John Batchelor Show
Monday, February 11, 2019

Hoover Institution fellow Richard Epstein discusses a "Velvet Rope" economy.

Interviews

Richard Epstein On The John Batchelor Show (Part 2)

interview with Richard A. Epsteinvia The John Batchelor Show
Monday, February 11, 2019

Hoover Institution fellow Richard Epstein discusses a "Velvet Rope" economy.

In the News

Richard Epstein On The Non-Problem Of Inequality Of Income Or Wealth

quoting Richard A. Epsteinvia AEI
Monday, February 11, 2019

From Richard Epstein’s Hoover Institution article "The Toxic Warren Wealth Tax": It’s not clear why we should worry about inequality of income or wealth.

Analysis and Commentary

Cowen On The Egalitarianism Of The Economics Profession

by David R. Hendersonvia EconLog
Monday, February 11, 2019

Economic analysis is itself value-free, but in practice it encourages a cosmopolitan interest in natural equality. Many economic models, of course, assume that all individuals are motivated by rational self-interest or some variant thereof; even the so-called behavioral theories tweak only the fringes of a basically common, rational understanding of people. The crucial implication is this: If you treat all individuals as fundamentally the same in your theoretical constructs, it would be odd to insist that the law should suddenly start treating them differently.

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Gambling with Other People's Money

by Russ Robertsvia Hoover Institution Press
Monday, February 11, 2019

What caused the Financial Crisis of 2008? Most explanations blame either government regulation or government deregulation. Either government forced private-sector banks and financial institutions to extend credit to risky borrowers, or the removal of government oversight allowed greed to run amok.

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The Toxic Warren Wealth Tax

by Richard A. Epsteinvia Defining Ideas
Monday, February 11, 2019

 “Equitable growth” produces neither equity nor wealth. 

Pages

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