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Abuses and Usurpations

by Michael Lynch, Blake Hurstvia Policy Review
Thursday, May 1, 1997

San Francisco's Chinese Wall When Saving Doesn't Pay

Freedom's Fall in Hong Kong

by Alvin Rabushkavia Analysis
Thursday, May 1, 1997

On July 1, 1997, the British Crown Colony of Hong Kong becomes the Hong Kong Special Administrative Region of the People's Republic of China. China has signed an international treaty with Britain and issued a Basic Law, or miniconstitution, for Hong Kong; these promise that Hong Kong can remain autonomous for fifty years after 1997, save in matters of security and diplomacy, and ensure that Hong Kong people will continue to enjoy their rights and freedoms under Hong Kong law.

China has made a mockery of these promises and guarantees. China has dissolved Hong Kong's duly elected Legislative Council and replaced it with a handpicked assembly. China has set up a mechanism that will nominate a new chief justice who will do China's bidding. China has scrapped or modified a number of existing laws, thereby rolling back Hong Kong's current civil liberties. China has placed editorial consultants inside leading Hong Kong newspapers. China has announced restrictions on press freedom, freedom of assembly, freedom of political parties to solicit funds, and freedom of demonstration. China has indicated that English education will be downgraded. And, in a marked departure from Hong Kong's level economic playing field, China's state-owned firms have acquired Hong Kong assets at substantial discount to market. These below-market acquisitions presage a new era of graft, cronyism, connections, and bribery for Hong Kong under Chinese rule.

One Nation Under God

by Barbara von der Heydtvia Policy Review
Thursday, May 1, 1997

Tough medicine for welfare moms

Inflation ballons

Why Inflation Figures Are . . . Inflated

by Michael J. Boskinvia Hoover Digest
Wednesday, April 30, 1997

The consumer price index (CPI) is one of the most important statistics the government produces. It's also one of the most misleading, badly overstating annual cost-of-living increases. Hoover fellow Michael J. Boskin, who chaired the U.S. Congressional Advisory Commission on the Consumer Price Index, explains why.

How the Mob Rules Russia

by Richard F. Staarvia Hoover Digest
Wednesday, April 30, 1997

Responsible sources estimate that two-fifths of the Russian economy is already in the hands of organized crime. Hoover fellow Richard F. Staar explains how the mob runs entire regions of the biggest country on earth-and exerts influence in the Kremlin itself.

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Why the CPI Matters, Big-Time

by Michael J. Boskinvia Hoover Digest
Wednesday, April 30, 1997

Overstating increases in the cost of living by even small amounts costs the federal government tens of billions of dollars every year. An excerpt from the Boskin commission's report.

Why Mafias Develop

by Annelise Andersonvia Hoover Digest
Wednesday, April 30, 1997

Mafias operate in Sicily, the United States, Russia, and elsewhere. Hoover fellow Annelise Anderson examines the economics of organized crime.

The Economic Approach to Fighting Crime

by Guity Nashat, Gary S. Beckervia Hoover Digest
Wednesday, April 30, 1997

Nobel Prize-winner and Hoover fellow Gary S. Becker and Hoover fellow Guity Nashat point out that, like everyone else, criminals respond to incentives.

Don't Cry for Argentina

by Gary S. Beckervia Hoover Digest
Wednesday, April 30, 1997

Like Chile before it, Argentina recently privatized its social security system. Why can't we? By Nobel Prize-winner and Hoover fellow Gary S. Becker.

A Thatcherite Plan for Latin America

by David R. Hendersonvia Hoover Digest
Wednesday, April 30, 1997

After getting under way in the 1980s, the privatization movement in Latin America has stalled out. Hoover fellow David R. Henderson argues that it can still be jump-started-if Latin leaders do what Margaret did.


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