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Analysis and Commentary

Abba Lerner's Thoughts On Consumer Sovereignty

by David R. Hendersonvia EconLog
Saturday, November 23, 2019

One of my favorite economists on the left was the late Abba Lerner. In my biography of him for The Concise Encyclopedia of Economics, I wrote: Abba Lerner was the Milton Friedman of the left.

Analysis and Commentary

Elizabeth Warren's 68.7 Percent Tax On Capital Income

by David R. Hendersonvia EconLog
Friday, November 22, 2019

Columbia University public finance economist Wojciech Kopczuk, who is also editor-in-chief of the Journal of Public Economics, arguably the top journal in public finance, has a first-rate critique of a proposal by Emmanuel Saez and Gabriel Zucman for taxing wealth. Saez and Zucman are professors of economics at University of California, Berkeley.

In the News

The Tipping System Is Immoral

quoting Thomas Sowellvia The Conway Daily Sun
Friday, November 22, 2019

For most of my life I’ve been glad that America is a society that relies heavily on tipping. First, tipping allows us to reward excellent service. Second, in a world of rising economic inequality, a 30 to 50 percent tip is a small but direct way to redistribute money to those who are working hard to earn a living.

InterviewsEconomy

John Taylor On The Guy Benson Show

interview with John B. Taylorvia Guy Benson Show
Friday, November 22, 2019

(1:07:31) Hoover Institution fellow John Taylor discusses the economy.

In the News

Congress Gets A Lesson In MMT Even As Deficit Nears $1 Trillion

quoting John B. Taylorvia Bloomberg
Wednesday, November 20, 2019

As America’s fiscal deficit nears $1 trillion for the first time since the financial crisis, the House Budget Committee held a hearing on Wednesday seeking answers to a crucial question: Does it pose a clear and present danger to the economy?

In the News

Explore The Management Top 250

cited Amit Seru via The Wall Street Journal
Friday, November 22, 2019

How does your company rank in the 2019 analysis of well-run companies for customers, employees and investors?

In the News

How To Improve The Lives Of Poor (Black) Namibians

quoting Thomas Sowell
Friday, November 22, 2019

The apartheid era was an unjust system that oppressed the majority of our people and barred them from any meaningful economic participation. This cannot be disputed in any way.

Featured

America Off Balance: The Budget Calculator

via America Off Balance
Friday, November 22, 2019

By 2049, we're on pace to have a $94.6 trillion federal debt that exceeds 140% of the nation’s GDP. As a share of the economy, federal spending will be close to 28% and annual deficits will exceed 8%. Can you balance the budget and save us from the debt crisis? Get ready to make some hard trade-offs.

Featured

Congressional Testimony On The Costs Of Rapidly Growing Government Debt

by John B. Taylorvia Economics One
Thursday, November 21, 2019

Yesterday I testified at the Committee on the Budget of the House of Representative. John Yarmuth chaired, and Steve Womack was the ranking member. The Committee titled the hearing “Reexamining the Economic Costs of Debt,” which was quite different from the title “Why Congress Must Balance the Budget” of a hearing of the same House Committee at which I testified only a few years ago in 2015.

In the News

Fault Lines Of PH Economy

quoting Raghuram Rajanvia The Manila Times
Wednesday, November 20, 2019

We greet with more than a sigh of relief the news that the economy, in terms of gross domestic product (GDP) grew by 6.2 percent in the third quarter of 2019, surprising experts who earlier braced for something less rosy after a relatively anemic 5.5 percent growth rate was recorded for the preceding quarter. Economic managers were quick to point out that a faster pace of government spending made the turnaround possible. 

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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