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In the News

Richard Epstein On The Non-Problem Of Inequality Of Income Or Wealth

quoting Richard A. Epsteinvia AEI
Monday, February 11, 2019

From Richard Epstein’s Hoover Institution article "The Toxic Warren Wealth Tax": It’s not clear why we should worry about inequality of income or wealth.

Analysis and Commentary

Cowen On The Egalitarianism Of The Economics Profession

by David R. Hendersonvia EconLog
Monday, February 11, 2019

Economic analysis is itself value-free, but in practice it encourages a cosmopolitan interest in natural equality. Many economic models, of course, assume that all individuals are motivated by rational self-interest or some variant thereof; even the so-called behavioral theories tweak only the fringes of a basically common, rational understanding of people. The crucial implication is this: If you treat all individuals as fundamentally the same in your theoretical constructs, it would be odd to insist that the law should suddenly start treating them differently.

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Gambling with Other People's Money

by Russell Robertsvia Books by Hoover Fellows
Monday, February 11, 2019

What caused the Financial Crisis of 2008? Most explanations blame either government regulation or government deregulation. Either government forced private-sector banks and financial institutions to extend credit to risky borrowers, or the removal of government oversight allowed greed to run amok.

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The Toxic Warren Wealth Tax

by Richard A. Epsteinvia Defining Ideas
Monday, February 11, 2019

 “Equitable growth” produces neither equity nor wealth. 

Analysis and Commentary

Adam Smith's Beautiful Reductio Ad Absurdum

by David R. Hendersonvia EconLog
Sunday, February 10, 2019

I’m about to leave for home from an excellent Liberty Fund colloquium on “Free Trade and Liberty” in La Jolla. Thanks to Liberty Fund, discussion leader Sandra Peart, organizers Pierre Lemieux and Liberty Fund’s Hans Eicholz, and the other participants.

In the News

Leftist Tax Schemes Bash The Rich, But Depend On Their Success

quoting Thomas Sowellvia The Press-Enterprise
Saturday, February 9, 2019

Nineteenth century historian Thomas Carlyle called economics “the dismal science” because of its predictions about scarcity and poverty. Those are immutable features of all societies, which explains why his snarky term remains widely used.

In the News

Opinion: Will California’s Gavin Newsom Continue Jerry Brown’s Legacy?

quoting Hoover Institutionvia The Daily Caller
Friday, February 8, 2019

California has a new governor, and people across the nation may wonder whether Gavin Newsom will govern in the style of his predecessor Jerry Brown. After all, there is an extended family connection.

FeaturedAmerica Off Balance

Are We Growing Too Slowly?

by Budget Matters, Daniel Heilvia America Off Balance
Monday, January 28, 2019

If we’re going to put fiscal policy on a more sustainable course, we first need to diagnose the cause of the projected future imbalance. We have three potential culprits: we’re not growing fast enough, we’re not taxing enough, or we’re spending too much.

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Area 45: Is Taxing Wealth “Economic Justice?” With John Cochrane

interview with John H. Cochrane via Area 45
Thursday, February 7, 2019

The merits of the various proposed tax hikes and whether they constitute sound economics.


Hoover Institution Launches Friedman Fundamentals, A Video Series Highlighting The Nobel Laureate’s Policy Insights

Thursday, February 7, 2019
Hoover Institution, Stanford University

The Hoover Institution today launched Friedman Fundamentals, the latest video series in its Educating Americans in Public Policy (PolicyEd) program. The new videos pair the voice of economist Milton Friedman with custom and contemporary animation to compellingly illustrate his timeless explanations of economic concepts and policy ideas.

Press Releases


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