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In the News

Even In Better Times, Some Americans Seem Farther Behind. Here’s Why.

quoting Morris P. Fiorinavia The New York Times
Friday, September 14, 2018

Americans’ household earnings are finally stretching back to their pre-recession heights. But feeling secure and comfortable isn’t only a measure of how much money you have. It’s also a measure of how much you have compared with others.

Herbert Hoover
In the News

Q&A With Richard Norton Smith

featuring Herbert Hoovervia C-SPAN
Tuesday, August 28, 2018

Presidential historian Richard Norton Smith talked about An Uncommon Man, his biography of President Herbert Hoover.

In the News

The Decline Of Western News

mentioning Markos Kounalakisvia World Affairs
Monday, September 17, 2018

Just as the global economy increasingly is influenced by rising powers in the East, so too is the global news media. Today, Western journalism is in decline. With fewer foreign correspondents, international bureaus and stringer networks from US and other Western news organizations around the world, the non-Western, often state-run media outlets from countries like China and Russia are filling in the gaps, growing rapidly and broadly. What are the implications of this shift in sourcing our international news? 

In the News

Think 2008 Was Bad? Next Crash Set To Wipe $15 Trillion Off Stock And Property Markets

quoting Martin Feldsteinvia New Zealand Herald
Monday, September 17, 2018

The world's major economies are skating on dangerously thin ice and lack the fiscal, monetary, and emergency tools to fight the next downturn. A roster of top crisis veterans fear an even more intractable slump than the Lehman recession when the current ageing expansion rolls over. The implications for liberal democracy are sobering.

Thomas Sowell discusses Intellectuals and Society on Uncommon Knowledge.
In the News

Thomas Sowell Proves That Success Is Possible, No Matter The Odds

featuring Thomas Sowellvia The News Record
Monday, September 17, 2018

I wanted to take a second to praise somebody who ought to be recognized a lot more than he is. Thomas Sowell is a Senior Fellow at the Hoover Institute in Stanford. He is an economist who has written over 30 books and obtained a bachelor’s degree from Harvard, a master’s degree from Columbia and a Ph.D. in economics from the University of Chicago.

Featured

Can The Great Recession Happen Again?

by Niall Fergusonvia Boston Globe
Monday, September 17, 2018

I am not quite sure exactly when I received “The Subprime Primer,” a slide deck that someone e-mailed me early in 2008. I do remember thinking that it was unlikely ever to be surpassed as an introduction to the financial chain reaction that began as I was writing “The Ascent of Money” and reached its climax in the months after the failure of Lehman Brothers, the 10th anniversary of which fell Saturday.

Featured

Anonymity: The New Refuge Of Scoundrels

by Victor Davis Hansonvia American Greatness
Monday, September 17, 2018

Just when observers had concluded the desperate progressive opposition to Brett Kavanaugh’s nomination to the U.S. Supreme Court could not stoop much lower, it most certainly did.

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The Bezos Busters

by Richard A. Epsteinvia Defining Ideas
Monday, September 17, 2018

The antitrust attacks on Amazon are an outdated form of liberal populism.

Analysis and Commentary

Don Boudreaux's Ah-Hah Moment

by David R. Hendersonvia EconLog
Monday, September 17, 2018

In “The Greatest Service Economists Perform,” published this morning by the American Institute for Economic Research, Don Boudreaux tells a story that he had told me in shorter form many years ago. It’s one of my favorite stories about someone being “hooked on economics,” to the use the title of Chapter 2 of my book The Joy of Freedom: An Economist’s Odyssey.

Featured

Stiglitz, Summers, Secular Stagnation, And The Supply Side

by John B. Taylor mentioning John F. Coganvia Economics One
Sunday, September 16, 2018

Joe Stiglitz recently published an attack, “The Myth of Secular Stagnation,” on Larry Summers’ hypothesis of secular stagnation, a revival of a term used by Alvin Hansen decades ago. Larry first presented his secular stagnation hypothesis at a conference jointly hosted by the Brookings Institution and the Hoover Institution on October 1, 2013, during the fifth anniversary of the financial crisis. It has gone viral since then.

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