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Traditional Asia Meets the Modern West

by Alex Inkelesvia Hoover Digest
Friday, January 30, 1998

How economic growth is forcing the placid stream of traditional Asian culture to merge with the turbulent stream of modernity. By Hoover fellow Alex Inkeles.

Why You Can't Fire Anybody

by David R. Hendersonvia Hoover Digest
Friday, January 30, 1998

A commercial pilot flies a jet while legally drunk. He's fired. And? And the courts force the airline to rehire him. Hoover fellow David R. Henderson examines the surreal world of American labor regulations.

Supply-Side Success As China's tax burden has fallen its GDP has soared

The Great Tax Cut of China

by Alvin Rabushkavia Hoover Digest
Friday, January 30, 1998

Care for definitive proof that supply-side policies spur economic growth? Take a look at communist China. By Hoover fellow Alvin Rabushka.

A Budget Only the Beltway Could Love

by Robert J. Barrovia Hoover Digest
Friday, January 30, 1998

Despite the hurrahs among Republicans and Democrats alike after last summer's budget agreement, Hoover fellow Robert J. Barro sees little cause for celebration. A critique of a big deal.

Illustration by Karen Stolper

If Only the United States Were as Free as Hong Kong

by Milton Friedmanvia Hoover Digest
Friday, January 30, 1998

Hong Kong may be back in the hands of mainland China, but direct government spending in Hong Kong remains less than 15 percent of national income--versus some 40 or 50 percent here in the United States. Hoover fellow and Nobel Prize winner Milton Friedman considers these facts worth pondering.

We're All Fat Cats Now

by Thomas Sowellvia Hoover Digest
Friday, January 30, 1998

You may not have made the Forbes 400, but there's still a good chance the government thinks you're rich. By Hoover fellow Thomas Sowell.

Illustration

Why Fragile Economies and Floating Currencies Just Don't Mix

by Gary S. Beckervia Hoover Digest
Friday, January 30, 1998

The currency crisis in Thailand showed how irresponsible government policy could thwart an economic boom. Hoover fellow and Nobel Prize winner Gary S. Becker argues that developing nations can avoid such economic shocks by abandoning free-floating exchange rates.

The Rich—and Poor—Are Getting Richer

by David R. Hendersonvia Hoover Digest
Friday, January 30, 1998

The gap between rich and poor is neither as large nor as ominous as many would have us believe. By Hoover fellow David R. Henderson.

A Novel Suggestion

by Martin Andersonvia Hoover Digest
Friday, January 30, 1998

Sometime early in the next century the federal government is likely to begin taking in more money than it spends, going into surplus for the first time in decades. What to do with the billions of dollars that will begin piling up? Hoover fellow Martin Anderson has a suggestion.

What Should Be Done

by William Ratliffvia Hoover Digest
Friday, January 30, 1998

Throughout Latin America, free market reforms are in peril. Hoover fellow William Ratliff explains how reformers can nevertheless prevail--and why they must.

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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