David Brooks, in this provocative critique of Republican Libertarianism, uses the insights of Hayek without mentioning him...
As part of his continuing series Making Sense of financial news, Paul Solman has a unique look at the legacy of economist John Maynard Keynes, who first introduced the concept of government intervention in the economy, and his countertenor Friedrich Hayek. . . .
More resources including lyrics and a free download of the song are here. . . .
Hoover fellow Russell Roberts is using rap music to make the dismal science far less dismal. By Charles Lindsey.
Why Hanoi was not a failure; and whether the focus of the US-China trade deal should be on the theft of American inventions instead of tariffs and trade deficits.
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.
In America we have what’s called a republic. . . .
There’s a debate going on in the punditsphere about whether America is ungovernable. . . .
When I first took economics, I learned from my textbook (Samuelson) the fallacy of post hoc, ergo propter hoc...
At Big Think, they used one of my questions in their interview with Barney Frank: Question: How can Fannie and Freddie be structured to avoid the moral hazard problem and a too-cozy relationship with regulators? . . .
It has nothing to do with the bloated budget, the payoffs to political friends like the unions in bailing out Detroit and exempting them from health care taxes, the rising debt, the coddling of Wall Street, the stimulus package that didn’t stimulate, the grandiosity of redesigning the health care system and the energy sector. . . .
A review of episodes in economic and intellectual history indicates the superiority of a limited government market economy over the alternative models of economic organization. The siren calls of pundits, politicians, and even some economists in favor of communist central planning during the Great Depression; market socialism after World War II; and, more recently, massive welfare states and/or extensive government micromanagement of markets each ran afoul of their own problems and comparisons to the limited government (based on sound criteria) capitalist model. The limited government capitalist model, once again under attack from those who would greatly expand the role of government, needs its defenders, as the alternative models have proven historically, intellectually, and practically bankrupt.
Charles Kesler outlines the “grand liberal project” that began a century ago...
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. . . .
California is a rich state — as the world found out the last century. . . .
Two centuries ago, when there were plans to create a huge fund of money to pay off Britain's national debt...
Does Wall Street's meltdown presage the end of the American century?...
Alan Greenspan, that grandmaster of good timing, last week described the current financial crisis as “probably a once-in-a-century event”...
The other day I sought a respite from current events by re-reading some of the writings of 18th century British statesman Edmund Burke...