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Scrub This Fantasy

by Charles Blahousvia Hoover Digest
Wednesday, October 9, 2019

“Medicare for all” is a prescription for fresh inefficiencies and stratospheric costs. We couldn’t afford it—and we shouldn’t even want it.

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“Free” Health Care Isn’t

by Scott W. Atlasvia Hoover Digest
Wednesday, October 9, 2019

How single-payer systems fail their patients.

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Brave New Automated World

by Michael Spencevia Hoover Digest
Wednesday, October 9, 2019

The digital revolution holds great promise for human well-being—if that revolution can be managed.

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Universal Income: How to Bust the Bank

by David R. Hendersonvia Hoover Digest
Wednesday, October 9, 2019

This utopian scheme would create the mother of all welfare states.

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Is the Recovery Ending?

by Edward Paul Lazearvia Hoover Digest
Wednesday, October 9, 2019

Slower job creation doesn’t mean a recession is imminent. But policy makers can’t assume growth will take care of itself.


Jeb Bush Featured In Hoover Talk On Governance Trends, Democracy

mentioning George P. Shultz, Jim Hoagland, Hoover Institutionvia The Stanford Daily
Monday, October 7, 2019

Former Florida governor Jeb Bush was among a panel of decorated speakers who gathered on Tuesday to discuss how modern social and political dynamics are affecting the current state of government, journalism and policy in America.

In the News

Important Study Shows Adverse Economic Effects Of Private Equity Buyouts

quoting Steven J. Davisvia Forbes
Monday, October 7, 2019

In thousands of private equity buyout firms, job losses and lower wages resulted two years after the completion of the private equity transactions. After examining 9,800 U.S. private equity (PE) buyouts from 1980 to 2013, during a period that had significant swings in credit market tightness and GDP growth, professors and researchers Steven J. Davis, John Haltiwanger, Kyle Handley, Ben Lipsius, Josh Lerner, and Javier Miranda, found that “Employment at target firms shrinks 13% over two years in buyouts of publicly listed firms.” 

In the News

Private Equity Takeovers Result In Significant Job Losses

cited Steven J. Davisvia Axios
Monday, October 7, 2019

Private equity takeovers result in significant job losses, according to a landmark new study by Josh Lerner of Harvard Business School and Steve Davis of the University of Chicago.

In the News

October Is The Stock Market’s Most-Volatile Month. But Why?

mentioning Steven J. Davisvia The Wall Street Journal
Sunday, October 6, 2019

There appears to be no fundamental reason why October should be the most volatile month of the stock-market calendar. Yet it often is.

The Economic Effects of Private Equity Buyouts

by Steven J. Davis, John Haltiwanger, Kyle Handley, Ben Lipsius, Josh Lerner, Javier Mirandavia Economics Working Papers
Friday, October 4, 2019

Economics Working Paper 19112


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