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Richard Epstein On The John Batchelor Show

interview with Richard A. Epsteinvia The John Batchelor Show
Wednesday, January 31, 2018

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "The Trump Growth Machine."

Analysis and Commentary

Merton Miller Was Principled On Principal And Interest

by David R. Hendersonvia EconLog
Wednesday, January 31, 2018

A friend of mine was reminiscing Sunday about Dennis Peron, a friend of his who died last week. My friend told me how he managed to get a whole bunch of people in San Francisco informed about Peron's upcoming trial on marijuana charges in the late 1970s. Peron could have gone to prison for 95 years. My friend told me that he publicized the case in San Francisco so that it would be hard for the district attorney to find jurors who would convict.

In the News

Yellen Hands Off Go-Slow Approach To Rate Rises As She Departs Fed

quoting John H. Cochrane via Fox Business
Wednesday, January 31, 2018

Federal Reserve Chairwoman Janet Yellen concluded her final policy meeting Wednesday with a decision to hold interest rates steady and handed to her successor the challenge of deciding whether to pick up the pace of lifting them to prevent the economy from overheating.

In the News

Trump Can Sell An Improved Economy, But Not Himself

quoting Lanhee J. Chenvia The New York Times
Tuesday, January 30, 2018

When he took office, President Trump painted a bleak picture of a country ravaged by economic turmoil, a landscape of “American carnage,” as he so memorably put it. A year later, he presented the nation on Tuesday night with a different narrative, one of a booming economy and a “new American moment.”


Cogan Book Tapped As Hayek Prize Finalist

Friday, February 2, 2018
Hoover Institution, Stanford University

Hoover Senior Fellow John F. Cogan’s book, The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs has been chosen as a finalist for the 2018 Hayek Book Prize.

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At Stanford, First Cardinal 'Conversation' Spotlights Technology, Politics

Thursday, February 1, 2018
David and Joan Traitel Building, Hoover Institution, Stanford University

The new Stanford initiative Cardinal Conversations examined the intersections of politics and technology with entrepreneurs and Stanford alumni Reid Hoffman and Peter Thiel. Historian Niall Ferguson of the Hoover Institution moderated a discussion that included questions from the largely student audience.


The Paradox Of Household Income (Part 2)

by Russell Robertsvia
Thursday, February 1, 2018

Changes in family structure make it difficult to measure economic progress for the middle class and to get an accurate picture of the effectiveness of the American economy. The rise in divorce and the decrease in marriage rates especially among less-educated Americans distorts the standard measures of economic progress. What’s really going on is more complicated than the standard story of economic stagnation. Hoover Fellow, Russ Roberts, will present this video on 2/6 at the Hoover Institution. Register for this event today. 


9 Hour Railway Station

by John H. Cochrane via The Grumpy Economist
Wednesday, January 31, 2018

China builds a railway station in 9 hours (HT Marginal Revolution). Yes, it's basically a propaganda video, but interesting nonetheless as a reflection on infrastructure. 

In the News

America's Lost Decade: Fed's Antigrowth Policies Hurt Recovery, But A New Boom May Be Upon Us

quoting John B. Taylorvia Investors Business Daily
Tuesday, January 30, 2018

Many negative consequences flow reliably from a financial crisis, including unemployment, political turmoil, and piles of sovereign debt. Since the 2008 financial meltdown, however, we've seen none of the good consequences — and there are supposed to be good ones.


New Issue Of Hoover Digest Online

via Hoover Daily Report
Tuesday, January 30, 2018

The winter issue of Hoover Digest is now available online. The journal focuses on topics both classical—the economy, personal freedom, the role of government—and timely, such as cybersecurity, terrorism, and geopolitical shifts. 


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