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In the News

Creating Jobs Is The Biggest Issue In This Election, Says Raghuram Rajan

quoting Raghuram Rajanvia Bloomberg
Thursday, April 11, 2019

Creating enough jobs for millions coming into the workforce every year continues to be the biggest challenge for India’s economic growth, former Reserve Bank of India Governor Raghuram Rajan told Bloomberg.

In the News

Governments Keep Promising To Make Life More ‘Affordable,’ But They’re Doing The Opposite

quoting Thomas Sowellvia Financial Post
Thursday, April 11, 2019

In an interview with Reason magazine in 1980, Thomas Sowell remarked that the way to get rid of poverty was “to hold a meeting of all the leading experts on poverty somewhere in the middle of the Pacific and not let them go home for 10 years.” Having relieved society of their counterproductive suggestions, “when they came back, they would discover there was no more poverty.”


An Equation To Ensure America Survives The Age Of AI

by Elizabeth Cobbsvia Financial Times
Thursday, April 11, 2019

Tech investors celebrate a future of self-driving taxis and low labour costs as gig economy platform companies such as Lyft and Uber go public. But workers spy disaster. In more and more industries, the low-skilled suffer declining pay and hours. McKinsey estimates that 60 per cent of occupations are at risk of partial or total automation.

In the News

The Inflation Puzzle

quoting John H. Cochrane via Investors Chronicle (UK)
Thursday, April 11, 2019

Next week’s figures are likely to show that consumer price index (CPI) inflation is below its 2 per cent target, which means that a decade of near-zero interest rates has not led to high inflation.

In the News

Would ‘Medicare For All’ Save Billions Or Cost Billions?

quoting Charles Blahousvia The New York Times
Wednesday, April 10, 2019

How much would a “Medicare for all” plan, like the kind being introduced by Senator Bernie Sanders on Wednesday, change health spending in the United States?

In the News

Raghuram Rajan Has A Few Tips On Jobs, Reforms For The Next Govt

quoting Raghuram Rajanvia Business Today
Wednesday, April 10, 2019

Former RBI Governor Raghuram Rajan suggested that India needs to boost its pace of growth, especially in job creating sectors which in turn merits a whole new generation of reforms as the old ones have lost momentum.

Golden Gate Bridge in San Francisco, California

California Has Become America’s Cannibal State

by Victor Davis Hansonvia American Greatness
Wednesday, April 10, 2019

For over six years, California has had a top marginal income tax rate of 13.3 percent, the highest in the nation. About 150,000 households in a state of 40 million people now pay nearly half of the total annual state income tax.

Friedman FundamentalsFeatured

What Drives Economic Progress

by Milton Friedmanvia PolicyEd
Wednesday, April 10, 2019

The world thrives when individuals are able to pursue their interests without government interference.


Breitbart News Tonight - Victor Davis Hanson

interview with Victor Davis Hansonvia Breitbart News Tonight
Monday, April 8, 2019

Hoover Institution fellow Victor Davis Hanson discusses Democrats’ push for “reparations” as a racial political strategy born from fear that President Trump is “making inroads” with black voters.

Analysis and Commentary

The Minimum Wage As A Perpetual Motion Machine

by David R. Hendersonvia EconLog
Tuesday, April 9, 2019

Jubal Harshaw at the blog GrokInFullness had an excellent post last month on the minimum wage that I had missed.


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