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Analysis and Commentary

Henderson And Hooper On Why Some Drug Prices Are Too Low

by David R. Hendersonvia EconLog
Sunday, December 1, 2019

When Americans talk about drug prices, the conversation is dominated by the eye-popping sticker prices of certain new drugs. We’re all aware of how sky-high prices can make it hard for some patients to afford the drugs they need. Yet few appreciate how patients also lose access to treatments when prices are too low.

Analysis and CommentaryEconomy

Highlights From "The Case For Free Trade"

by David R. Hendersonvia EconLog
Saturday, November 30, 2019

Earlier this month, I gave a talk at Boise State University titled “The Case for Free Trade.” Here’s the video and what follows are the highlights, with the approximate time at which they occurred.

In the News

Raghuram Rajan's Warning About Mudra Loans Last Year May Be Coming True— And Now A Citi Report Confirms It

quoting Raghuram Rajanvia Business Insider
Friday, November 29, 2019

Many of the working capital loans made to India's small entrepreneurs may be turning bad.

Analysis and Commentary

Some Pre-Thanksgiving Good News

by David R. Hendersonvia EconLog
Wednesday, November 27, 2019

I’ve noticed a few encouraging developments in the last few days that don’t merit their own blog post but do merit items in an overall post.


The Shaky Case Of Common-Good Capitalism

by Richard A. Epsteinvia Las Vegas Review Journal
Saturday, November 30, 2019

The basic tenet of laissez-faire capitalism is that government intervention in the economy should be directed to two related purposes. First, to ensure that in competitive markets the legislature and courts enforce voluntary contracts between competent parties in accordance with their terms. 

In the News

Ferguson Says The Lesson From History Is Market Could Soon Fall

featuring Niall Fergusonvia Forbes
Wednesday, November 27, 2019

Using history as a guide, historian Niall Ferguson, told a conference that there won't be a U.S.-China trade deal this year, that the probability of Sen. Elizabeth Warren (D-MA) becoming the Democratic presidential nominee is not priced into the market, and before New Year's Day, the stock market could experience a sell off similar to the one a year ago.

In the News

Chief Economist Update: As Low As Lowe Will Go

mentioning John B. Taylorvia Financial Standard (Australia)
Wednesday, November 27, 2019

The RBA's growth and inflation forecasts and the Taylor Rule calls for just one more rate cut next year.


Getting The Budget Straightened Out Will Help The Economy, Hoover Fellow John Taylor Says

interview with John B. Taylorvia CNBC
Wednesday, November 27, 2019

Hoover Institution fellow John Taylor discusses the latest economic data and notes that the expansion is continuing and policy should not disrupt the expansion.


A Fast And Fun Way To Learn About Rules Versus Discretion

by John B. Taylor mentioning Hoover Institutionvia Economics One
Wednesday, November 27, 2019

The Hoover Institution has initiated a fascinating Perspectives on Policy video series in which experienced experts give clear explanations of key policy issues assisted by the latest in animation technology. This is not the typical video of talking heads as you might expect. In this imaginative series tabletop cartoon figures join the experts, move around the screen, bend and twist to show emotions, and even wave at each other from time to time. 

In the News

Would Medicare For All Save The U.S. Money?

quoting Lanhee J. Chenvia The Fiscal Times
Tuesday, November 26, 2019

Politico’s policy magazine, The Agenda, on Monday rolled out a special issue focused on Medicare for All, with much of the package centered on a key question: Would switching to a single-payer system really save money?


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