How much does the gap between rich and poor matter? In 1979, for every dollar the poorest fifth of the American population earned, the richest fifth earned nine. By 1997, that gap had increased to fifteen to one. Is this growing income inequality a serious problem? Is the size of the gap between rich and poor less important than the poor's absolute level of income? In other words, should we focus on reducing the income gap or on fighting poverty?
Be careful when one uses the superlative case—best, most, -est, etc.—or evokes end-of-the-world imagery...
On July 29, 1981, barely six months into his presidency and in the face of an economic crisis of historic proportions, Ronald Reagan succeeded in persuading both houses of Congress to pass dramatic tax cuts that set the stage for nearly three decades of vigorous economic growth...
Despite the fundamental distinction between the two, misunderstandings of capitalism and socialism — and their implications for freedom — abound, and usually in favor socialism. In these circumstances, a return to the basics is warranted. The 17th-century writings of John Locke in defense of political and economic freedom and the 19th- century critique by Karl Marx of political and economic freedom represent classics of the genre.
From Hoover Press: The Road Ahead for the Fed, by George Shultz, Allan Meltzer, Peter Fisher, Donald Kohn, James Hamilton, John Taylor, Myron Scholes, Darrell Duffie, Andrew Crockett, Michael Halloran, Richard Herring, John Ciorciari
In this new book, The Road Ahead for the Fed (Hoover Press, 2009), coeditors John B. Taylor and John D. Ciorciari bring together twelve leading experts to examine and debate proposals for financial reform and exit strategies from the financial crisis...
In today's Wall Street Journal, Hoover's Peter Robinson reports on an interview with Gary Becker. . . .
With Architects of Ruin, Peter Schweizer again delivers a knockout punch of a book that is the must read of the season for conservatives and should be a main topic of conversation for conservative media. . . .
Congressman Paul Ryan discusses, with Hoover research fellow Peter Robinson, the importance of repealing Obamacare.
There they go again...
Are we, in fact, in a recession?
Discussing whether Ben Bernanke is good for the markets, with Donald Luskin, Trend Macro; Peter Navarro, University of California and John Taylor, Stanford University. . . .
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of the Property Rights, Freedom, and Prosperity Task Force, speaks to the constitutionality of the individual mandate provision of the Affordable Care Act.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, examines the controversy over Apple's tax payments and what it says about corporate taxes in America.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of the Property Rights, Freedom, and Prosperity Task Force, notes that redistribution and stimulus will not create jobs but that a massive liberalization of labor markets will.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, responds to David Stockman's New York Times opinion piece and its warnings of impending economic catastrophe.
Richard Epstein the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, considers the case for a Balanced Budget Amendment, how to get Washington's spending habits under control, and the difficulties inherent in amending the Constitution.
Calomiris points out that Joe Stiglitz, Jonathan Orszag, and Peter Orszag were hired by Fannie Mae to write a paper in 2002 defending the claim that the odds of Fannie Mae ever getting into financial trouble were extremely low. . . .