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In the News

Three Lessons For Investors In Turbulent Markets

quoting Michael Spencevia Bloomberg
Tuesday, February 6, 2018

The global stocks roller-coaster of recent days reminded me of three lessons I learned many years ago as an investor in emerging markets. If well understood and applied, these precepts can turn unsettling volatility surges into longer-term opportunities.

Nobel Prize-winning economist Milton Friedman
In the News

Milton Friedman Lectures Now Available

Thursday, February 8, 2018

Hoover Archives has recently digitized and made available five lectures delivered by former Hoover fellow and Nobel Prize-winning economist Milton Friedman.

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The West Needs Water Markets

by Gary D. Libecapvia Defining Ideas
Wednesday, February 7, 2018

Policy discussions must focus on property rights to allocate this scarce resource. 

Analysis and Commentary

Male Uber Drivers Earn More And It's Not Due To Discrimination

by David R. Hendersonvia EconLog
Tuesday, February 6, 2018

The growth of the "gig" economy generates worker flexibility that, some have speculated, will favor women. We explore one facet of the gig economy by examining labor supply choices and earnings among more than a million rideshare drivers on Uber in the U.S. Perhaps most surprisingly, we find that there is a roughly 7% gender earnings gap amongst drivers. The uniqueness of our data--knowing exactly the production and compensation functions--permits us to completely unpack the underlying determinants of the gender earnings gap. We find that the entire gender gap is caused by three factors: experience on the platform (learning-by-doing), preferences over where/when to work, and preferences for driving speed. 


Santelli Exchange: Ed Lazear On Markets And Wages

interview with Edward Paul Lazearvia CNBC
Tuesday, February 6, 2018

Hoover Institution fellow Ed Lazear discusses the global market rout, average workweek hours, and inflation.

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Area 45: President Trump, From A Libertarian Perspective

interview with Richard A. Epsteinvia Area 45
Tuesday, February 6, 2018

Lower taxes and reduced regulations…is President Trump using the Libertarian playbook?

In the News

Struggling California City Prepares To Experiment With ‘Universal Basic Income’

quoting Thomas Sowellvia BizPac Review
Tuesday, February 6, 2018

Michael Tubbs, the 26-year-old mayor of Stockton, California, thinks handing out $6,000 a year to low-income residents (with no strings attached) is the way to lift people out of poverty.

Analysis and Commentary

Henderson On BBC Newsday

by David R. Hendersonvia EconLog
Monday, February 5, 2018

I will be on BBC Newsday tonight at 10:06 PST live. That's 6:06 a.m. tomorrow London time. Topic: Drop in stock prices.

In the News

A Look At Our Rust Belt History & How We Got Here

quoting Lee Ohanianvia Richland Source
Monday, February 5, 2018

Richland County wasn’t always this way. The abandoned, multi-story eyesores in Mansfield were once bustling factories that provided thousands of jobs, and contrary to today, the area's dwindling population was on the rise.

In the News

Will Companies Compete Away The Tax Cut's Bounty?

quoting John H. Cochrane via Fortune
Monday, February 5, 2018

Amid the euphoria over tax reform from CEOs and Wall Street, virtually no one is asking a sobering question: Will competition between businesses erode or erase the early benefits from the steep reduction in the corporate tax rate? After all, taxes are another expense, just as labor and interest are expenses. And no one’s getting special treatment.


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