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Trump's Trade War Is Bad for Business

quoting Melvyn B. Krauss
Thursday, May 31, 2018

This is a weird, self-defeating way to wring concessions from allies.

Analysis and Commentary

What Do Steel Tariffs Have To Do With Iran? Plenty

by Melvyn B. Kraussvia Bloomberg
Thursday, May 31, 2018

Europe's temporary waiver from U.S. import quotas on steel and aluminum is about to expire, and most experts are pessimistic that a U.S.- EU trade war can be avoided.


A New NAFTA Can Help Reform The Administrative State

by Adam J. Whitevia City-Journal
Thursday, May 31, 2018

Working in tandem with the White House, federal agencies are moving swiftly to reform the administrative state that President Trump inherited from President Obama. The White House’s semiannual "Unified Agenda of Regulatory and Deregulatory Actions," released in early May, outlines federal agencies' efforts to reduce their own excessive regulatory burdens and to streamline their own processes for granting federal infrastructure permits.

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Douglass C. North: Transaction Costs, Property Rights, and Economic Outcomes

by Gary D. Libecapvia Economics Working Papers
Thursday, May 31, 2018

Economics Working Paper 18111

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Federal Lands, Opportunity Costs, and the Administrate State

by Gary D. Libecapvia Economics Working Papers
Thursday, May 31, 2018

Economics Working Paper 18110

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Property Rights to Frontier Land and Minerals: US Exceptionalism

by Gary D. Libecapvia Economics Working Papers
Thursday, May 31, 2018

Economics Working Paper 18109

In the News

John Cochrane Vs. Larry Summers

featuring John H. Cochrane via Independent Women’s Forum
Wednesday, May 30, 2018

Earlier this month, former U.S. Treasury secretary Larry Summers published a Washington Post column warning that, despite the low unemployment rate (3.9 percent) and solid economic growth, America might still be suffering from "secular stagnation."

In the News

Peter Thiel “50-80% Chance Bitcoin Prices Will Fall”

quoting Niall Fergusonvia Koinalert
Wednesday, May 30, 2018

Peter Theil believes that there is 50-80% chance that the prices of Bitcoin will go down. The prices, Thiel claims, can go down to such an extent that it will make the Bitcoin useless for all intent and purpose. But he also claimed that there is 20-50% chance that the prices can go up in the near future. Theil was surely betting against the Bitcoin this time. He said that he was not sure that he would suggest people to run out right now and buy these cryptocurrencies.

2nd Research Conference of the Macroeconomic Modelling and Model Comparison Network (MMCN)

Thursday, June 7, 2018 to Friday, June 8, 2018
Hoover Institution, Stanford University

The Macroeconomic Modelling and Model Comparison Network is a new research network under the auspices of the Centre for Economic Policy Research (CEPR) in London and is a part of the new Macroeconomic Model Comparison Initiative (MMCI) by the Hoover Institution at Stanford University and the Institute for Monetary and Financial Stability (IMFS) at Goethe University Frankfurt. The MMCI initiative is supported financially by the Alfred P. Sloan Foundation. 

In the News

The Real China Threat Is That Its People Are Talented

quoting Niall Fergusonvia Real Clear Markets
Wednesday, May 30, 2018

For some time I have believed that our biggest concern about China should be not a possible trade war or military conflict, but the threat posed to the economic leadership of the United States by the rapid progress the country is making in technology.


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