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In the News

U.S. Consumption Tax of 5% Could Raise $3 Trillion Over A Decade

quoting Charles Blahousvia Bloomberg
Wednesday, February 6, 2019

Many countries, including members of the Organization for Economic Cooperation and Development, raise revenue with a consumption tax levied on incremental increases in the value of goods and services as they move through the supply chain. These value-added taxes -- VAT for short -- generate considerable income and are relatively efficient to administer.

Analysis and Commentary

Henderson On AOC And Allowing Billionaires

by David R. Hendersonvia EconLog
Wednesday, February 6, 2019

In a recent interview, author Ta-Nehisi Coates asked newly elected Democratic Congresswoman Alexandria Ocasio-Cortez whether we “live in a moral world that allows for billionaires.”

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Reasonable Disagreements: The Rule Of Law And Other People’s Money

interview with Richard A. Epstein, Adam J. Whitevia Reasonable Disagreements
Wednesday, February 6, 2019

An unconstitutional wealth grab?

In the News

Raghuram Rajan: How Markets And The State Leave The Community Behind

featuring Raghuram Rajanvia Brookings Institution
Wednesday, February 6, 2019

As markets are embedded in a web of human relations, values and norms, they are impacted by human events. Indeed, throughout history, technological advancements have displaced the market from its traditional webs, precipitating sometimes violent backlashes and periods of surging populism. Currently, the strain of globalization and technological shift is both reflecting and exacerbating the polarizing political tensions so evident around the world today.

Featured

Raghuram G. Rajan Says Capitalism’s Future Lies In Stronger Communities

by Raghuram Rajanvia Chicago Booth Review
Tuesday, February 5, 2019

What is the third pillar?

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AOC Versus Adam Smith

by David R. Hendersonvia Defining Ideas
Tuesday, February 5, 2019

Let us debate what billionaires do for America.

Terry Anderson in Pasadena 2019
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Terry Anderson: Renewing Indigenous Economies

interview with Terry Andersonvia Fellow Talks
Tuesday, February 5, 2019

Ideas Defining a Free Society for Indigenous People.

Analysis and Commentary

Shift Job Paradigm Without Fail

by Chirantan Chatterjee mentioning Amit Seruvia DNA India
Tuesday, February 5, 2019

Recent reports suggest that the Government of India may have withheld data of latest unemployment figures, post the 2016 Indian demonetisation.

Analysis and Commentary

Greg Mankiw Responds

by David R. Hendersonvia EconLog
Tuesday, February 5, 2019

Last week, I challenged Harvard economics professor Greg Mankiw’s interpretation of Mr. Potter in the classic movie It’s a Wonderful Life. Greg has responded by email and given me permission to quote it. (By the way, he was a junior economist when I was a senior economist with President Reagan’s Council of Economic Advisers and, although we see each other rarely, get along well. He’s a genuinely good guy and so none of my criticism reflects any animus towards him.)

Interviews

Terry Anderson On The John Batchelor Show (Part 1)

interview with Terry Andersonvia The John Batchelor Show
Monday, February 4, 2019

Hoover Institution fellow Terry Anderson discusses his Defining Ideas article "Restoring Tribal Economies."

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