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Milton Friedman
Analysis and Commentary

Two Great Passages from Free to Choose

by David R. Hendersonvia EconLog
Tuesday, August 31, 2021

I’m giving a talk in southern California later this month on the importance of Milton Friedman’s 1962 book Capitalism and Freedom and of Milton and Rose Friedman’s 1980 book Free to Choose.

Analysis and Commentary

Jack of All Trades

by David R. Hendersonvia EconLog
Sunday, August 29, 2021

David Friedman has an interesting post that leads off with this quote from novelist Robert Heinlein: A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyse a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.

Interviews

Modern Banking System: Implications for Stabilization Policies

by Amit Seruvia Asian Bureau Of Finance And Economic Research (ABFER)
Monday, May 24, 2021

Professor Seru discussed important changes in the banking system that have occurred over the last decade. He will also describe why these changes have important implications for pass-through of stabilization policies, including those passed in response to COVID-19, to the real economy.

Analysis and Commentary

On Target: Debt forbearance policies help curb pandemic financial woes

by Amit Seruvia Stanford Institute for Economic Policy Research (SIEPR)
Thursday, April 1, 2021

The coronavirus pandemic caused a sudden and sharp recession in the United States and around the world. But my research with Susan Cherry, Erica Jiang, Gregor Matvos, and Tomasz Piskorski found that the financial distress that hit U.S. households — and the economy at large — was significantly blunted by federal and private debt forbearance programs.

Analysis and Commentary

The Stimulus Package Is Too Expensive and Poorly Targeted: The Waste Contained in the CARES Act

by Amit Seru, Luigi Zingalesvia ProMarket
Sunday, March 29, 2020

A cost-effective stimulus to mend the effects of a 24 percent drop in GDP would cost no more than $1.3 trillion over a 6-month period. The bill that Congress just approved is much bigger because it allocates resources to people who are not necessarily affected and rescuing businesses, like Boeing, that are in trouble for pre-existing reasons.

Blank Section (Placeholder)

Why the World Needs a Covid-19 Vaccine Price Guarantee

by Amit Seru, Peter DeMarzo, Hanno Lustig, Jeffrey Zwiebelvia The Initiative on Global Markets (Chicago Booth)
Monday, March 23, 2020

Beginning with SARS, Ebola, Zika, MERS, and now COVID-19, the world has witnessed the magnitude of the threat from the outbreak of an infectious and deadly disease. The subsequent scramble for a vaccine, and the long delays involved, makes it clear that we are unprepared. Why are we underinvesting in the R&D necessary for the rapid deployment of crucial medicines? 

Analysis and Commentary

Regulation of the Mortgage Market Must Consider Shadow Banks

by Amit Seruvia Stanford Institute for Economic Policy Research (SIEPR)
Saturday, December 1, 2018

When we think about mortgages, what often comes to mind is a traditional bank or savings institution. The corner banker is seen as the mortgage lender and people get home loans at the same place where they may hold checking or savings accounts. But such a view does not reflect the real nature of the U.S. mortgage market. 

Analysis and Commentary

Misconduct Under the Microscope: Examining Bad Behavior by Financial Advisers

by Amit Seruvia Stanford Institute for Economic Policy Research (SIEPR)
Thursday, March 1, 2018

When it comes to managing their money and planning their financial futures, many Americans turn to financial advisers. As of 2010, 56 percent of all American households sought advice from a financial professional.

Featured CommentaryEureka

How a Winning Recall Candidate Prepared to Govern California

by Joe Rodotavia Eureka
Friday, September 10, 2021

In 2003, California voters faced a decision: whether to recall the incumbent governor, Gray Davis and replace him with someone from a list of 135 would-be chief executives, including one of the most famous individuals on the planet at the time, Arnold Schwarzenegger.

Featured CommentaryEureka

Recalling the Governor Is a Bad Idea

by Jim Cunneenvia Eureka
Friday, September 10, 2021

I have plenty of policy quarrels with Gavin Newsom.

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