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Analysis and Commentary

Hummel On Understanding Monetary Policy

by David R. Hendersonvia EconLog
Saturday, June 15, 2019

San Jose State University economics professor Jeff Hummel recently wrote a former student to answer a question about how to follow and understand the details of monetary policy. I found it so insightful that I got his permission to post it. I liked the personal reminiscence and the insights in the last paragraph. Here it is.

Interviews

Jamil Jaffer: Iran Is Trying To Push Back On Us Economic Pressure

interview with Jamil Jaffervia Yahoo Finance
Friday, June 14, 2019

Hoover Institution fellow Jamil Jaffer discusses the rising US-Iranian tensions and how oil prices are being affected by Iran’s alleged attack on two oil tankers near the Persian Gulf.

Analysis and Commentary

Henderson's Case Against A Universal Basic Income

by David R. Hendersonvia EconLog
Friday, June 14, 2019

Even some free-market economists, such as Duke University’s Michael Munger, argue for a UBI that would replace the current welfare state. But assuming unrealistically that the existing means-tested welfare state programs could be completely replaced, a UBI of $12,000 a year or even of $10,000 a year would require large increases in federal government spending and large increases in taxes.

Featured

Real Estate Ups And Downs

by John H. Cochrane via Grumpy Economist
Sunday, June 16, 2019

In a delightfully YIMBY "Americans Need More Neighbors" the New York times gets it almost all right. Housing is one area of American life where government really is the problem. The United States is suffering from an acute shortage of affordable places to live, particularly in the urban areas where economic opportunity increasingly is concentrated. And perhaps the most important reason is that local governments are preventing construction.

US Money Ladder
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Universal Basic Income, In Perspective

by David R. Hendersonvia Defining Ideas
Thursday, June 13, 2019

How should poor people climb the ladder to economic success?

Interviews

Thomas Sowell Talks About Discrimination, Race, And Social Justice

interview with Thomas Sowellvia The Federalist
Thursday, June 13, 2019

Hoover Institution fellow Thomas Sowell talks about his new book Discrimination and Disparities,  as well as his life's works.

Analysis and Commentary

The 7 Worst Ideas For Regulation This Century

by David R. Hendersonvia American Institute for Economic Research
Thursday, June 13, 2019

Many good things have happened both in the United States and worldwide this century. In the U.S., we have the lowest unemployment rate in half a century. Worldwide prosperity is growing so fast that the rate of extreme poverty fell by half between 1990 and 2015, five years ahead of the World Bank’s optimistic goal.

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The Libertarian: Break Up Big Tech?

interview with Richard A. Epsteinvia The Libertarian
Thursday, June 13, 2019

Why an antitrust framework doesn’t make sense for Silicon Valley giants.

PoliticsFeatured

Why A Tax Vote Last Week In Los Angeles Is A Preview Of 2020’s Coming Attractions

by Bill Whalenvia California on Your Mind
Thursday, June 13, 2019

Baseball has spring training, Broadway its tech rehearsals, and software engineers their beta tests.

In the News

ECB Frustrated As Markets Call Bluff On Stimulus Signals

quoting Melvyn B. Kraussvia The Financial Times
Wednesday, June 12, 2019

Seven years ago Mario Draghi could rely on words alone to convince markets that he would do “whatever it takes” to save the euro. Now, with his eight-year term drawing to a close, investors are willing to bet that the European Central Bank president is bluffing.

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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