Hoover fellow and historian Niall Ferguson on China, Trump, and Trade.
The main unifying theme of the conference is that successful policy requires that central bankers’ decisions be based on clearly-understood rules—including legal limits, institutional structures, mandates, traditions, procedures, or formulas—and not solely on discretion.
These are exciting though scary revolutionary times, akin to the constant acrimony in the fourth-century BC polis, mid-nineteenth century revolutionary Europe, or — perhaps in a geriatric replay — the 1960s. . . .
Drought may not be destiny, but a critical ingredient for democratic societies does seem literally to fall from the skies. By Stephen H. Haber and Victor Menaldo.
A few countries have found a way to stop graft and foster political stability: hire foreigners to collect their revenue. By Kris James Mitchener and Noel Maurer.
A comprehensive book by Hoover senior fellow Alvin Rabushka shows how newborn America found its financial footing.
From straight lines on a map, straightforward property rights grew. By Gary D. Libecap.
And if they put their new freedoms to work, they won’t even remain poor. By Gary S. Becker.
Want to boost growth and reduce inequality? Focus on education. By George P. Shultz and Eric A. Hanushek.
A recession is a terrible time to make major changes in the economic rules of the game. . . .
What do black Americans need in order to get ahead? A truly free market. By Walter E. Williams.
This clash of candidates is not about policies but about visions—and conservatives see more clearly. By Bruce S. Thornton.
Newly released volumes of the Chiang Kai-shek diaries illuminate a pivotal moment: the generalissimo’s turning away from a command economy. By Tai-chun Kuo.
The United States has always been among the kingdom’s best friends. Who better to help it change? By Leif Eckholm.
Revisiting the founding father to whom a national debt, properly funded, represented “a national blessing.” By Michael W. McConnell.
Bit by bit, courts are being forced to ponder the laws and licenses that stifle people’s freedom to work. By Clint Bolick.
As a scholar and a black American, Walter E. Williams has always been his own map. By Nick Gillespie.