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Two Deficits That Just Don't Matter

by Charles Wolf Jr., Walter B. Wristonvia Hoover Digest
Thursday, October 30, 1997

Day in and day out, politicians and the press harp on the trade deficit and the federal deficit. Hoover fellow Charles Wolf Jr. and former Citicorp chairman Walter Wriston explain why they should save their breath.

What Latin America Owes to the "Chicago Boys"

by Gary S. Beckervia Hoover Digest
Thursday, October 30, 1997

Economists educated at the University of Chicago have for some two decades been putting free market reforms into effect in Chile, Argentina, and other Latin American countries. One of their teachers, Nobel Prize–winner and Hoover fellow Gary S. Becker, examines the results. What does he find? Dictatorships that have been turned into democracies and economic stagnation that has been transformed into growth.

Robin Hood Lives in Texas

by Robert J. Barrovia Hoover Digest
Thursday, October 30, 1997

Last spring, Governor Bush proposed a hike in the state sales tax to fund Texas schools. Hoover fellow Robert J. Barro explains what the governor was up to, why the financing of Texas schools is such a mess, and how the problem really ought to be solved.

The Ten Causes of the Reagan Boom: 1982-1997

by Martin Andersonvia Analysis
Wednesday, October 1, 1997

In the United States the fifteen-year economic expansion that began in 1982, now called "the long boom" by economists, is the greatest economic boom in history--and it is still going.

Ten major factors that caused that boom are

  1. The vanished threat of nuclear war
  2. The spread of capitalism
  3. Easy taxes
  4. The computer revolution
  5. Control of government spending
  6. Deregulation
  7. Stable monetary policy
  8. Steady economic policy
  9. The U.S. capital base
  10. The superiority of the U.S. economy

CPR for Tax Reform

by William A. Niskanenvia Policy Review
Monday, September 1, 1997

Tax-cut advocates try to regain some momentum

How the Fed Slew Inflation

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

Plenty of economists doubted that it could be done, but the Federal Reserve Board managed to cut inflation from the double-digit rates of the 1970s to the modest single-digit rates of today. Hoover fellow Michael J. Boskin explains how Paul Volcker and Alan Greenspan slew the dragon--and taught consensus opinion a lesson.

The Big Cats

by Henry S. Rowenvia Hoover Digest
Wednesday, July 30, 1997

After the Second World War, the nations of East Asia were all poor--in economic terms, mere mewing cats. Hoover fellow Henry S. Rowen explains just how they turned into roaring tigers.

Four Facts

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

It takes just four simple facts to make the case for a flat tax. By Hoover fellow David R. Henderson.

It's the Economy, Stupid

by Ramon H. Myersvia Hoover Digest
Wednesday, July 30, 1997

Although you wouldn't know it from reading the Western press, says Hoover fellow Ramon H. Myers, dramatic economic reforms in China are still under way--and the future of Asia depends on their success.

Asia in 2015

by Charles Wolf Jr.via Hoover Digest
Wednesday, July 30, 1997

China, Japan, India, Korea, Indonesia: In the next fifteen to twenty years, Hoover fellow Charles Wolf Jr. argues, each is destined to become a great deal richer and much more powerful. The ascent of Asia--and what it means for the United States.


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