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...
In today's Wall Street Journal, Hoover's Peter Robinson reports on an interview with Gary Becker. . . .
Congressman Paul Ryan discusses, with Hoover research fellow Peter Robinson, the importance of repealing Obamacare.
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, 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.
Epstein discusses Florida v. Department of Health and Human Services and National Federation of Independent Business v. Sebelius
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, discusses whether Congress can lawfully withhold federal Medicaid funds from states that do not comply with the requirements of the Affordable Care Act or whether this amounts to unlawful coercion.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of its Property Rights, Freedom, and Prosperity Task Force, points out the problems associated with implementing the Affordable Care Act.
This week on Uncommon Knowledge columnist James Delingpole discusses, with Hoover research fellow Peter Robinson, the European Union, the Green movement, and socialized medicine. (47:41)
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and the Laurence A. Tisch Professor of Law, New York University Law School, and John Yoo, a professor at the University of California at Berkeley law school, examine the merits of various constitutional arguments for the Supreme Court’s striking down Obamacare.
Thomas Sowell offers examples of why intellectuals are so often wrong about economics. . . .
The Nobel Prize winner says Americans don't want expansion of government. . . .
Rep. Thaddeus McCotter explains the substantive differences between conservatives and the Obama administration relative to the stimulus...
Thomas Sowell describes the origins and unique features of the housing bust...
The President should take a page from Francois Mitterand. . . .
As we try to shake off the financial crisis, here's a bright idea...
This month, the country is watching two experiments unfold...
Hoover fellow and Stanford Business School professor Ed Lazear and BlackRock Investment Institute senior director Peter Fisher discuss the labor economy and immigration reform on Bloomberg TV's Market Makers.
In this episode of Uncommon Knowledge, Peter Robinson interviews Hoover fellow and author Thomas Sowell on his 5th edition of Basic Economics: A Common Sense Guide to the Economy. In this interview, Sowell brings the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Sowell draws on lively examples from around the world and from centuries of history.