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The New Nihilism

by Victor Davis Hansonvia Defining Ideas
Monday, February 18, 2019

The Trump-loathing American left has spiraled out of control.

In the News

Will Catastrophe Strike The World Economy?

quoting Raghuram Rajanvia The Friday Times
Friday, February 15, 2019

Back in 2005, some of the world’s top economists gathered at Jackson Hole, Wyoming (USA). This place is known for gathering of top central bankers around the world. 

IntellectionsFeatured

Trade, Technology, And Jobs: How To Think About Free Trade

by John B. Taylorvia PolicyEd
Friday, February 15, 2019

The consequences of free trade are very similar to what happens when a new technology is invented. In both cases goods and services get better and more affordable for everyone, new jobs are created, and some jobs are replaced. So, the next time someone proposes new trade barriers, imagine instead that they had proposed outlawing a new invention.

In the News

Leftist Tax Schemes Bash The Rich, But Depend On Their Success

quoting Thomas Sowellvia Reason
Friday, February 15, 2019

Nineteenth century historian Thomas Carlyle called economics "the dismal science" because of its predictions about scarcity and poverty. Those are immutable features of all societies, which explains why his snarky term remains widely used. Modern economics writer Thomas Sowell captured the same idea, but expanded upon it. "The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it," he wrote. "The first lesson of politics is to disregard the first lesson of economics."

In the News

The Fragmentation Of All Things Retail

quoting Niall Fergusonvia Gulf News
Thursday, February 14, 2019
The evolution of retail is well documented. The basic concept has been of customers purchasing their needs from a shop that displays them, or has access to them, perhaps from an off-site warehouse.
In the News

Stock Buybacks Are Not The Enemy

quoting John H. Cochrane via Fortune
Thursday, February 14, 2019
Are share buybacks really one of America’s biggest economic problems? You’d certainly think so if you believe the astoundingly kindred attacks coming from both sides of the aisle in Congress.
In the News

Finance Author And Economic History Buff Niall Ferguson: Bitcoin Is An Option On Digital Gold

featuring Niall Fergusonvia Bitcoin Exchange Guide
Thursday, February 14, 2019
Niall Ferguson, a British Financial Historian, believes that Bitcoin is an Option on Digital Gold. This was said during an interview that was done by Breaker Mag, a magazine about the blockchain.
In the News

How The US Actually Financed The Second World War

quoting Lee Ohanianvia Financial Times Alphaville
Wednesday, February 13, 2019

[Subscription Required] In March of 1951, a year into the Korean War, the US Treasury offered long-term notes at 2 3/4 per cent in exchange for short-term notes at 2 1/2 per cent. According to a narrative written half a century later by the Richmond Fed, the Federal Reserve supported the price of the long-term notes, but: only up to a limited volume it had agreed on with the Treasury.

Blank Section (Placeholder)Featured

Free Trade

featuring Milton Friedman, John B. Taylor, John H. Cochrane , Edward Paul Lazear, Michael J. Boskin, Richard A. Epstein, Russell Roberts, Tom Churchvia PolicyEd
Wednesday, January 23, 2019

After a generation of trade liberalizations, many Americans—on the left and the right—are having second thoughts.

In the News

British Financial Historian Niall Ferguson Says Bitcoin Is “An Option On Digital Gold”

quoting Niall Fergusonvia Cryptosumer
Wednesday, February 13, 2019

Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option on digital gold,” as he said in an interview with a blockchain magazine Breaker Mag on Feb. 13.

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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