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In the News

“Free Everything” And The First Law Of Politics

quoting Thomas Sowellvia Foundation of Economic Education
Tuesday, August 6, 2019

Entrepreneurs do a much better job than politicians at alleviating scarcity through efficient, value-creating production.

In the News

The Bond Market Has A Message For The Fed: You’re Not In Charge Anymore

quoting John H. Cochranevia Fortune
Tuesday, August 6, 2019

So much for looking to the Fed for salvation. On July 31 at the Federal Reserve's regular post-meeting press briefing, Chairman Powell announced a widely expected 25 basis points cut in the benchmark rate to 2.25%, the first reduction in over a decade.

Policy BriefsFeatured

Scott Atlas On Why Competition, Not Laws, Will Make Health Care Prices Visible

by Scott W. Atlasvia PolicyEd
Tuesday, August 6, 2019

More patient control over health care spending will lead to more price visibility and lower costs. But contrary to popular belief, legislation isn’t necessary to make prices more visible in the health care system. The most compelling reason for doctors and hospitals to post their prices would be because they are competing for patients’ money.

In the News

Right-To-Work Would Bolster Maine’s Manufacturing Sector

mentioning Hoover Institutionvia The Maine Wire
Monday, August 5, 2019

The decline of Maine’s manufacturing sector, whose workforce has shrunk by nearly half since the early 1990s, can seem inexorable, the unavoidable consequence of automation and globalization. In some ways, state policymakers can do little to resist these broader trends. Yet there are policies Maine could implement to re-invigorate our manufacturing industry. Perhaps the most important: Right-to-work legislation.

Featured

Trump’s Crazy Tariffs Have Outfoxed The Fed

by Niall Fergusonvia Boston Globe
Monday, August 5, 2019

There was a time, in the aftermath of the financial crisis, when central bankers were “the only game in town.” In a book with that title, published in January 2016, economist Mohamed El-Erian warned that, with their exotic crisis-fighting measures —zero interest rates, quantitative easing, forward guidance — the central bankers risked over-reaching.

Golden Gate Bridge in San Francisco, California
In the News

Baltimore Is Just A City; California Is A State Transforming Into ‘Third World’ Ugly

quoting Victor Davis Hansonvia California Globe
Monday, August 5, 2019

California was once a thriving two party state. We replaced it with the current one party state, one party rule. Scholar and Central Valley resident Victor Davis Hanson calls California “America’s First Third-World State.”

Analysis and Commentary

The Mule

by David R. Hendersonvia EconLog
Sunday, August 4, 2019

My wife and I rented the recent Clint Eastwood movie, The Mule, last night. I would give it an 8 out of 10. At various points, we paused and talk about the fact that we had no idea where the movie would go. Once it ended the way it did, it was plausible, but I wouldn’t have necessarily predicted that.

In the News

Alpha Women And Fancy Yachts Make For Good Summer Investing And Finance Reading

mentioning Russell Robertsvia USA Today
Sunday, August 4, 2019

Need a good, last-minute beach read? Or a page-turner that makes your flight fly by? Finance may not seem like summer fun, but these old, breezy, bestsellers will surprise you.

Analysis and Commentary

Casey Mulligan On Trump Versus Reagan

by David R. Hendersonvia EconLog
Friday, August 2, 2019

University of Chicago economics professor Casey Mulligan, fresh off his one-year stint as chief economist with President Trump’s Council of Economic Advisers, has an interesting comparison of Trump vs. Reagan on economic deregulation.

In the News

For Economists And Investors, The Globe Hasn’t Been This Confusing In At Least Three Decades

mentioning Steven J. Davisvia CNBC
Friday, August 2, 2019

What will happen next with the global economy and how governments will respond is troubling Wall Street as investors and economists chase a moving target of trade wars and monetary policy shifts.

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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