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In the News

Canadian Politicians Promise To Bring More Risk To Housing: Part One, The Liberals

quoting Charles Calomirisvia Better Dwelling
Wednesday, October 2, 2019

Canadian politicians are promising everything but the kitchen sink in the 2019 Federal Election. Although, there’s still 19 days – so don’t rule out kitchen sink subsidies. Most notable to our readers is obviously their housing platforms. A wide range of readers, from fund managers to Millennial buyers, have asked for our take on specific platforms.

Featured

A Budget Road MAP

by Tom Churchvia Budget Matters, America Off Balance
Wednesday, October 2, 2019

The recent budget deal makes it clear yet again that neither major political party in Congress is serious about controlling government spending. While the official score of the Bipartisan Budget Act of 2019 shows only a small effect on long-term government spending, this effect represents a permanent increase. What looked like small, temporary budget increases will in fact add $1.5 trillion to 10-year spending levels.

Featured

This Experiment Has Some Great News For Our Democracy

by James Fishkin, Larry Diamondvia The New York Times
Wednesday, October 2, 2019

The idea that our divisions are entrenched and unbridgeable is overstated.

Analysis and Commentary

A Fair Amount Of Freedom For Everyone: Aaron Director Did Have Ideals

by David R. Hendersonvia ProMarket
Tuesday, October 1, 2019

Aaron Director was one of the founders of law and economics: the application of economic reasoning to understand the effects of law and, in some cases, to recommend particular laws. He wrote very little, but his influence was immense.

In the News

Government’s Inability To Take Criticism Is ‘Sure Fire Recipe For Policy Errors,’ Says Raghuram Rajan

featuring Raghuram Rajanvia National Herald
Tuesday, October 1, 2019

Raghuram Rajan said in a statement that people in authority have to tolerate criticism and that any move to subjugate opposing thoughts “is a sure-fire recipe for policy errors”.

In the News

Coerced Egalitarianism Isn’t Fair At All

mentioning Richard A. Epsteinvia Independent Institute
Tuesday, October 1, 2019

Equality sounds great, but is the coercive pursuit of equality routinely leading to inequality—or worse things, like systematic injustice and abuse? Could the modern romance with egalitarianism be a destructive flirtation?

In the News

Shadow Open Market Committee Hears How To Promote Fed Independence

quoting Charles Calomirisvia The Bond Buyer
Tuesday, October 1, 2019

There are ways to promote the Federal Reserve’s independence, but it would require changes to the current system, which is based on a “fuzzy mandate,” according to members of the Shadow Open Market Committee.

In the News

Werlin: Role Of Prices In A Modern Economy

quoting Thomas Sowellvia Herald Tribune
Tuesday, October 1, 2019

In anticipation of the 2020 elections, candidates have made campaign promises to make our country better. The high costs of a college education, medical treatment, improving our environment, housing, etc. are just some of our current problems. President Trump puts a heavy emphasis on the marketplace to provide needed products and services. By contrast, Senators Elizabeth Warren and Bernie Sanders embrace more government intervention.

Analysis and Commentary

Our Strength And Our Prosperity Depend On Our Diversity: Reality Or Ideology?

by Alvin Rabushkavia Thoughtful Ideas
Tuesday, October 1, 2019
Economic growth is driven by increases in productivity and labor.  However, not all labor is the same.  Some is low-skilled, low-valued-added, while other labor is high-skilled, high-value-added.  It makes a big difference in the rate of growth if the increase in labor is low-skilled or high-skilled.
 
 

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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