Economic Policy

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Everyone Should Have The Retirement Plan Federal Employees Enjoy
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by Teresa Ghilarducci, Kevin Hassettvia The Washington Post
All Eyes On Digital Payments
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by Raghuram Rajanvia Project Syndicate
Kevin Hassett On His Plan To Open Up The Retirement System
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interview with Kevin Hassettvia Yahoo
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Socialism and The Constitution
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by Michael McConnellvia Defining Ideas
The Essence Of Marxism
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by Niall Fergusonvia Defining Ideas
Portrait of Karl Marx
Liberal Democracy Vs. Communism
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by Peter Berkowitzvia Defining Ideas
How Socialist Is Bernie Sanders?
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by Paul R. Gregoryvia Defining Ideas
Federal Reserve building
A Cautionary Note On Price-Level Targeting
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by Charles I. Plosservia Defining Ideas
Furman, Summers And Taxes
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by David R. Hendersonvia Defining Ideas
The Bonds Of Colonialism
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by Terry Anderson, Wendy Purnellvia Defining Ideas

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Reclaiming Freedom in the UK, with Laurence Fox

interview with Laurence Foxvia Uncommon Knowledge
Thursday, March 25, 2021

AUDIO ONLY

A brilliant British actor, Laurence Fox happened to say something mildly controversial on the BBC last year—and suddenly found himself a victim of cancel culture. Instead of retreating or apologizing, Fox made the unusual choice to not just rebel but to do it in the most public way possible: by running for mayor of London.
 
Podcasts
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Libertarian: Property Rights, Takings, And Unions

interview with Richard A. Epsteinvia The Libertarian
Thursday, March 25, 2021

A California case before the Supreme Court could change the limits on private property rights.

Podcasts
Analysis and Commentary

Fortieth Anniversary Of The Flat Tax Movement

by Alvin Rabushkavia Flat Tax
Thursday, March 25, 2021

March 25, 2021, is the fortieth anniversary of the beginning of the flat tax movement. I include an op-ed that was published on March 25, 1981, in the Wall Street Journal. I wrote it four months after Ronald Reagan’s Tax Policy Task Force submitted its report upon his election. My motivation for the op-ed was that while the Task Force’s recommendations, which were largely adopted, improved the then current federal income tax code, they did not go nearly far enough to simplify and fix other flaws in the tax code.

Articles
Analysis and Commentary

Inflation Options?

by John H. Cochranevia The Grumpy Economist
Thursday, March 25, 2021

From Torsten Slok at Apollo. Torsten explains Current pricing for caps and floors shows that the market sees a 30% probability that inflation will be above 3% for the next five years, and a 5% probability that inflation will be below 1%, see chart below. A similar worry about high inflation can be seen in 5-year breakevens, currently trading at 2.5%, the highest level since 2008.

Articles
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U.S. Foreign Policy Strategy in the Indo-Pacific

interview with Bill Hagerty, Peter Berkowitzvia Hoover Podcasts
Wednesday, March 24, 2021

Bill Hagerty and Peter Berkowitz discuss U.S. Foreign Policy Strategy in the Indo-Pacific on Wednesday, March 24 at 3:30 PM Eastern.

Podcasts
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Don’t Let Financial Regulators Dream Up Climate Solutions

by John H. Cochranevia City-Journal
Wednesday, March 24, 2021

We’ll get bad policy and an even more fragile financial system if we do.

Articles
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Policy Anticipation Effects in New Keynesian Models

by Vadym Lepetyuk, Lilia Maliar, Serguei Maliar, John B. Taylorvia Economics Working Papers
Monday, March 15, 2021

Economics Working Paper 21106

Working Papers
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GoodFellows: From Boom to Doom

interview with John H. Cochrane, Niall Ferguson, H. R. McMaster, Bill Whalenvia Fellow Talks
Wednesday, March 24, 2021

On the eve of President Biden’s first press conference, Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane weigh in on what questions they’d ask the president—on economics, woke culture, Afghanistan withdrawal, and Taiwan tensions—if given the chance to be White House correspondents for one day.

Podcasts
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A “New Deal” For Indian Country?

by Terry Andersonvia Defining Ideas
Wednesday, March 24, 2021

New interior secretary Haaland has a chance to address historical wrongs and promote tribes’ prosperity and independence.

Articles
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Defining Inequality So It Can't Be Fixed

by John H. Cochranevia The Grumpy Economist
Wednesday, March 24, 2021

In one of their series of excellent WSJ essays, Phil Gramm and John Early notice that conventional income inequality numbers report the distribution of income before taxes and transfers. After taxes and transfers, income inequality is flat or decreasing, depending on your starting point.

Articles

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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