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In the News

Woman Still Getting Civil-War Survivor Benefits Shows How Federal Policies Mortgage The Future

quoting John F. Coganvia Reason.com
Sunday, February 4, 2018

Abraham Lincoln couldn't have dreamed that 21st-century Americans would still be paying for pensions created under him.

Federal Reserve chair Janet Yellen.
In the News

Yellen's Historic Legacy: Wise Caution And A Successful Recovery

quoting David R. Hendersonvia CNN Money
Saturday, February 3, 2018

Millions of Americans are back to work, and they have Janet Yellen to thank. When she began her four-year term as the first woman to lead the Federal Reserve in 2014, the unemployment rate was 6.7%. Today it's 4.1%, the lowest in 17 years.

In the News

The Story Of India’s Ever-Growing Forex Reserves At The Time Of Fiscal Slippage

quoting Raghuram Rajanvia Financial Express (India)
Friday, February 2, 2018

Five months ago, on September 8, India's Forex Reserves touch the $400 billion mark for the first time, then slipped below the mark; and then, once, again, touched in the mark after five weeks.

Analysis and Commentary

Could Driverless Trucks Create More Trucking Jobs?

by David R. Hendersonvia EconLog
Saturday, February 3, 2018

Answer: Maybe and even if they don't, it doesn't matter much.

Analysis and Commentary

Good News On The Economy

by David R. Hendersonvia EconLog
Friday, February 2, 2018

The job numbers are out today and they show that 200,000 jobs were added in January. That's good. Even better is that 164,000 of those jobs--over 80%-- were on private nonfarm payrolls.

Featured

Convexification And Complication

by John H. Cochrane via Grumpy Economist
Friday, February 2, 2018

From Richard Rubin at WSJ: The new tax law’s treatment of deductions gives people more reasons to concentrate giving in certain years, both inside and outside donor-advised funds.

Featured

Trump Gains Among Independents, Republicans After Tax Bill

by David Brady, Brett Parkervia Real Clear Politics
Friday, February 2, 2018

Donald Trump won the presidency on the back of strong support from Republicans and a substantial margin among Independents. After the failure to repeal the Affordable Care Act, his status declined among Independents and, to a lesser extent, Republicans. Inside the White House, the hope was that a September pivot to tax reform would turn things around for the president. It did not happen immediately.

In the News

Videos Of The Day From Russ Roberts On The Middle Class: Disappearing And Stagnating? Or Prospering? It’s Complicated.

featuring Russell Robertsvia AEI
Thursday, February 1, 2018

Economist Russ Roberts and Hoover Institution research fellow has released two new videos where he addresses some important issues and questions including whether America’s middle class is either stagnating economically or disappearing, how the American economy has been treating the middle class over the last 40 years, how wages and income should best be adjusted over time for the effects of inflation, how the increase in the number of retired Americans and changes in family structure have affected middle-income earnings, and whether all of the gains from economic growth have gone to the rich. Enjoy!

Interviews

Martin Feldstein: Jobs Data Projected To Show Faster January Growth

interview with Martin Feldsteinvia Fox Business
Thursday, February 1, 2018

Hoover Institution fellow Martin Feldstein discusses employment and the economy.

In the News

Hayek Lecture And Book Prize

featuring John F. Coganvia Manhattan Institute
Thursday, February 1, 2018

The finalists for the 14th annual Hayek Book Prize are: Machine, Platform, Crowd: Harnessing our Digital Future by Andrew McAfee and Erik Brynjolfsson (W. W. Norton & Company); India’s Long Road: The Search for Prosperity by Vijay Joshi (Oxford University Press); Europe’s Growth Challenge by Anders Aslund and Simeon Djankov (Oxford University Press); The High Cost of Good Intentions: A History of US Federal Entitlement Programs by John F. Cogan (Stanford University Press); Clashing over Commerce: A History of US Trade Policy by Douglas A. Irwin​ (University of Chicago Press).

Pages

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