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Analysis and Commentary

A Missed Opportunity For Dianne Feinstein

by David R. Hendersonvia EconLog
Wednesday, February 27, 2019

Presumably some of you have seen the video of the group of children, and an adult or two, having a conversation with Dianne Feinstein. I never thought I would say anything nice about her but I do appreciate two things.

In the News

New AEI Report On The Costs Of Medicare For All By Charles Blahous

featuring Charles Blahousvia AEI
Wednesday, February 27, 2019

In a new AEI report, Charles Blahous – a former public trustee for Social Security and Medicare, and a former deputy director of the National Economic Council – analyzes the likely impact of Medicare for All. A proposed bill introduced by Sen. Bernie Sanders, Medicare for All, would be a single payer, national health insurance program that would cover all Americans. While many of the announced 2020 Democratic Party contenders have embraced this policy change, few Americans are informed about the potential costs and consequences associated with it.

In the News

Democrats' Vote-Buying Scheme: 'Free Stuff' For All

quoting Charles Blahousvia The Patriot Post
Wednesday, February 27, 2019

“A government that robs Peter to pay Paul can always depend upon the support of Paul.” —socialist playwright George Bernard Shaw America is indisputably the greatest, most prosperous nation in history. Only a nation as wealthy and secure as the U.S. could afford to indulge the lunacy, greed, and unbridled infantilism we are witnessing today.

Analysis and Commentary

Tariff Worries And U.S. Business Investment, Take Two

by Steven J. Davis, David Altig, Nick Bloom, Brent Meyer, Nick Parkervia Seeking Alpha
Wednesday, February 27, 2019

Tariff hikes and trade policy tensions have continued to mount. U.S. stock market volatility also rose sharply in the last four months of 2018, partly in reaction to trade policy concerns.

In the News

An Economist’s Argument For Preserving Communities

featuring Raghuram Rajanvia The New York Times
Wednesday, February 27, 2019

Raghuram Rajan comes both to praise community and to bury it. This University of Chicago professor and former chief economist for the International Monetary Fund wants his new book to “reintroduce into the debate” the titular and neglected “third pillar” of community alongside the pillars of market and state that dominate modern society. Rajan says he is seeking “the right balance between them so that society prospers.” 

Federal Reserve
In the News

You Don't Need A PhD Anymore To Read Fed's Statements

quoting Charles Calomirisvia Reuters
Tuesday, February 26, 2019

The Fed’s policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand them.

In the News

BankThink Criticism Of BB&T-SunTrust Deal Is Overblown

quoting Charles Calomiris, Stephen Habervia American Baker
Tuesday, February 26, 2019

BB&T and SunTrust appear to have struck a nerve. Their merger would reportedly create the sixth-largest bank in the United States. There is, however, no reason to sound any alarms.

Interviews

Surveillance: My Capitalism Is Localism, Raghuram Rajan Says

interview with Raghuram Rajanvia Surveillance (Bloomberg)
Tuesday, February 26, 2019

Hoover Institution fellow Raghuram Rajan advocates for pushing decision making back to the local level.

In the News

Bad Populism Is The 'Road To Serfdom' For Economies: Raghuram Rajan

featuring Raghuram Rajanvia Live Mint
Tuesday, February 26, 2019

Raghuram Rajan, former governor of the Reserve Bank of India, said populism done right can make capitalism work better for people, but that’s not always the outcome.

Interviews

Ex-RBI Governor Rajan Sees Community As Base For Capitalism

interview with Raghuram Rajanvia Bloomberg
Tuesday, February 26, 2019

Hoover Institution fellow Raghuram Rajan discusses the element of community missing from democratic capitalism. 

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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