On October 15, the second episode of Hoover’s chartcast series The Numbers Game was released. Hoover fellows John Taylor and Russell Roberts discuss possible explanations for the sluggish recovery from the current recession, which began in 2007. By historical standards, the current recovery has been disappointing. Is it the ongoing slump in construction employment, the effect of housing prices on saving and spending decisions by households, or the aftereffects of the financial crisis? Taylor rejects this reasoning and argues instead that the sluggish recovery can be explained by poor economic policy decisions made by the Bush and the Obama administrations.
The current release builds on the first episode, which also addresses the recalcitrant economic recovery. Taylor explains that GDP has not returned to trend, that the percent of the population that is working is flat rather than rising, and that growth rates are below their usual levels after such a deep slump.
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The Hoover Institution hosted the Board of Overseers’ Summer Meeting on July 12–14, 2011.
On Tuesday evening, Hoover fellows discussed topics relating to defense, global issues, entitlements, and the state of the economy. Victor Davis Hanson and Bruce Thornton’s speech was titled “America Abroad: Appeasement or Deterrence?” David Brady and John Cogan’s presentation was titled “Entitlements, Debt and Electoral Politics: How Did We Get Where We Are–and Where Do We Go from Here?” In their speech titled “The Road Ahead for the Fed: Two Years Later,” John Taylor and Kevin Warsh discussed the state of the economy today.
More than fifty audiotapes in the records of the Mont Pèlerin Society, an international organization of laissez-faire economists, have been digitized for preservation and access by Hoover's audio lab. Many of the tapes contain proceedings of four of the society's meetings, held from 1956 to 1960. The 1958 meeting, in Princeton, New Jersey, featured Friedrich A. von Hayek, Milton Friedman, Ludwig von Mises, William H. Hutt, and other economists discussing the welfare state, agricultural economics, inflation, and monetary policy.
Angus Burgin, of Johns Hopkins University and the author of The Great Persuasion, used research from the Hoover Archives for his book
In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Angus Burgin of Johns Hopkins University and the author of The Great Persuasion, the idea in his book—the return of free market economics in the aftermath of the Great Depression. Click here to listen to the interview.
Floyd Arthur “Baldy” Harper was an American educator and economist whose ideas influenced libertarian thought. The F. A. Harper papers, which relate to laissez-faire economics and economic policy in the United States, now have an inventory available online.
On the occasion of the Federal Reserve's Centennial, Hoover Institution Fellows Michael D. Bordo and John B. Taylor have assembled a thoughtful volume – published in a special issue of the Journal of Economic Dynamics and Control – in which top Fed policymakers, monetary economists, and historians evaluate rules-based policy for the Fed.
Tuesday, July 31, 2012, marks the 100th anniversary of the birth of Hoover fellow Milton Friedman, a renowned American economist. He was also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976, and a member of the research staff of the National Bureau of Economic Research from 1937 to 1981.
On the occasion of what would have been Milton Friedman’s one hundredth birthday (July 31, 2012), the Hoover Institution launched a website dedicated to the lifework of the Nobel laureate and Hoover fellow and his partner in life and in public policy research, Rose Friedman.
The Hoover Institution Press released Central Bank Governance & Oversight Reform, a book featuring distinguished scholars and policymakers who discuss key questions about the Federal Reserve.