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.
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.
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.
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.
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.
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.
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.