Hoover fellow Thomas Sowell surveys challenges to affirmative action now taking place throughout the country. "Neither in courts of law nor in the political process can affirmative action stand on its merits."
Peruvian president Alberto Fujimori almost never grants interviews to Americans. For Hoover fellow William Ratliff, he made an exception. How one man is attempting a revolution--and how his critics are responding.
Hoover fellows John F. Cogan and Thomas E. MaCurdy argue that when Congress and the president hiked the minimum wage last summer, they were making a dumb mistake. The hike hurt those it was intended to help and helped those who didn't need it. And the effective minimum wage rate was already at a historic high in the first place.
The main welfare initiative of the Clinton administration has been the enlargement of the earned income tax credit program. "Mr. Clinton's support," Hoover fellow Robert J. Barro argues, "is not sufficient reason to regard the program as mistaken."
We should stop tinkering with the welfare system and forget about the minimum wage. We already have a way to help the working poor: the earned income tax credit. An analysis by Nobel Prize–winner and Hoover fellow Gary S. Becker.
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.