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In the News

The Future Of Social Security Impacts Almost Every Person In America. Why Aren’t The Presidential Candidates Talking About It?

quoting John F. Coganvia Market Watch
Friday, October 11, 2019

An extra $24 a month. That’s how much the average Social Security recipient will get in 2020. That’s according to the Social Security Administration, which said Thursday that the cost-of-living-adjustment (COLA) is being bumped up 1.6%.

In the News

China Trade Talks Restart As White House Explores Escalation Options

quoting Elizabeth Economyvia The New York Times
Friday, October 11, 2019
American and Chinese officials met for the 13th round of trade negotiations on Thursday amid growing expectations of a limited deal that could ease tensions and address some of President Trump’s concerns about China’s economic practices.
In the News

Opinion: The Future Of Social Security Impacts Almost Every Person In America. Why Aren’t The Presidential Candidates Talking About It?

quoting John F. Coganvia Market Watch
Friday, October 11, 2019

An extra $24 a month. That’s how much the average Social Security recipient will get in 2020. That’s according to the Social Security Administration, which said Thursday that the cost-of-living-adjustment (COLA) is being bumped up 1.6%.

In the News

Monetary Policy In The 21st Century: An Allan Meltzer Perspective

mentioning John B. Taylorvia AEI
Thursday, October 10, 2019

The world’s central banks face unprecedented challenges in the 21st century. With balances sheets expanded by more than US$10 trillion and seemingly stuck in a low interest rate quagmire, central banks are increasingly strained in dealing with low inflation and economic uncertainty.

In the News

When Another Advisor Gives Terrible Advice To A Client

cited Amit Seru via Financial Planning
Thursday, October 10, 2019
The gray-haired gentleman was about the same age as my dad. Sitting across from me, he seemed nervous and maybe a little embarrassed.
In the News

Hutchins Roundup: Taxing High Earners, Borrowing When Unemployed, And More

cited Joshua D. Rauhvia Brookings Institution
Thursday, October 10, 2019
Studies in this week’s Hutchins Roundup find that increasing taxes on high-income earners in California leads to out-migration, consumers don’t increase borrowing when they become unemployed and more.
Featured

Josh Rauh: Rich Residents Flee California Taxes, Help Impoverish The State

interview with Joshua D. Rauhvia The John Batchelor Show
Wednesday, October 9, 2019

Hoover Institution fellow Josh Rauh discusses his National Bureau of Economic Research paper "Behavioral Responses to State Income Taxation of High Earners: Evidence from California," which Rauh co-authored with Ryan Shyu.

Analysis and Commentary

Behavioral Responses To State Income Taxation Of High Earners: Evidence From California

by Joshua D. Rauhvia SSRN
Thursday, October 3, 2019

Drawing on the universe of California income tax filings and the variation imposed by a 2012 tax increase of up to 3 percentage points for high-income households, we present new findings about the effects of personal income taxation on household location choice and pre-tax income.

In the News

Retiree Checks To Rise Modestly Amid Push To Expand Benefits

quoting Charles Blahousvia The Register Herald
Thursday, October 10, 2019

Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection.

Analysis and Commentary

An Economist Buys Lunch On The Margin

by David R. Hendersonvia EconLog
Thursday, October 10, 2019

Herewith a relatively trivial but, I hope, fun application of marginal thinking. Actually two applications: a subtler one by my non-economist wife (who has lived with an economist for 37 years) and an obvious one by me.

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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