One would think that at least two lessons would have been learned from the financial crisis: stop pushing loans to people who cannot or will not pay them back and stop offering loans with "flexible underwriting criteria."...
This past week, New York Times columnist David Brooks climbed unwittingly into the ring to go a couple of rounds with Milton Friedman--or rather, since Friedman died just over two years ago, with the ghost of Milton Friedman...
The state of California employs some two-and-a-quarter million people, includes almost 400 state agencies, oversees 29 different legal codes, administers a tax code that runs to more than 60,000 clauses or sections and spends more than $100 billion a year...
Just under six months after becoming president, and just under two months before the deadline he set for the passage of health care legislation, Barack Obama is finished...
If I can piggyback Mark Hemingway's brief post of last night, the Wall Street Journal op-ed to which he links is crucial for understanding just how bogus the allegations of household income stagnation really are...
Continuing the gorgeous demolition derby in which he sideswipes one muddle-headed fallacy after another, Thomas Sowell today explains why Americans are growing richer, not poorer, despite all the claims we keep hearing about “stagnating household incomes..."
``The great man or woman in history,'' the philosopher Sidney Hook argued in ``The Hero in History,'' his classic study -- ``is someone of whom we can say . . . that if they had not lived when they did, or acted as they did, the history of their countries and of the world . . . would have been profoundly different..."
Peter Conti-Brown’s terrific study of the Federal Reserve arrives amid a small boomlet—I won’t say “bubble”—of new books on our central bank: Roger Lowenstein’s America’s Bank: The Epic Struggle to Create the Federal Reserve; former Chairman Bernanke’s memoir, The Courage to Act; similar memoirs by former Chairman Greenspan and former Treasury Secretary Geithner; Philip Wallach’s To the Edge (which was itself the focus of a “Notice and Comment” debate with Conti-Brown); and myriad books analyzing the recent financial crisis and aftermath.
Anil Kashyap, the Stevens Distinguished Service Professor of Economics and Finance at the University of Chicago Booth School of Business, discussed “Financial Stability and Monetary Policy?” (with Caspar Siegert)
With the end of the fiscal year deadline (June 30) looming ever closer Governor Rauner and House majority Democrats will have to come to an agreement to get the budget passed and prevent Illinois’s bond rating from being downgraded to junk, causing Illinois to lose investment-grade status.
Senator Rob Portman on passing legislation to get the economy going and the United States back on track.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and the Laurence A. Tisch Professor of Law at New York University Law School, discussed economic inequality with PBS news correspondent Paul Solmen in Making Sense. In Epstein’s view, inequality in a free market system may be an incentive for people to create wealth. “If in fact it turns out that inequality creates an incentive for people to produce and create wealth, it’s a wonderful force for innovation,” Epstein states.
Richard Epstein’s Gold Mind Enriches Us With His Ideas On Inequality, Taxes, Politics, And Health Care
Recorded on January 30, 2015
On Uncommon Knowledge, Richard A. Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, discusses inequality, taxes, globalization, free markets, politics, health care, and gay marriage.
As the United States and the world embark on fraught conversations about race, history, law enforcement, and the underpinnings of our very civilization, Ayaan Hirsi Ali joins Peter Robinson for an enlightening conversation.
Hoover fellow Milton Friedman talks with Hoover media fellow Peter Brimelow about inflation, currency values, and the Asian crisis. An end-of-the-century interview with one of the century’s great economists.
Scott Adams on Life, Business, Experts, and Trump.
Martin Feldstein, senior fellow at the Hoover Institution, the George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, presented “the Future of Economic Growth in the United States.”
Steve Davis, the William H. Abbott Professor of International Business and Economics at the University of Chicago’s Booth School of Business, discussed “The Social Impact of Private Equity over the Economic Cycle” with John Haltiwanger, Kyle Handley, Ben Lipsius, Josh Lerner, and Javier Miranda.
Kevin Hassett, Distinguished Visiting Fellow at Hoover and former Chairman of the Council of Economic Advisers, discussed “An Evaluation of the Economics Effects of the Tax Cuts and Jobs Act of 2017.”