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...
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.
Peter Boettke of George Mason University and author of Challenging Institutional Analysis and Development: The Bloomington School (co-authored with Paul Dragos Aligica), talks with EconTalk host Russ Roberts about the Bloomington School--the political economy of Elinor Ostrom (2009 Nobel Laureate in Economics), Vincent Ostrom, and their students and colleagues at Indiana University. . . .
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, notes that the conscious decision to make Apple the focal point of a special investigation offers a bittersweet commentary on the fragile state of the US political economy.
Will people one day pay for the digital content that today they receive for free? . . .
This past Saturday, Mitch Daniels, the Republican governor of Indiana, delivered a commencement address at Butler University...
The President should take a page from Francois Mitterand. . . .
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.
Understanding the Federal Budget and Moving toward Economic Prosperity.
Greece this past weekend saw the worst rioting since the debt crisis began. . . .
Paul Rahe, a professor at Hillsdale College, believes the country is going to hell in a hand basket. . . .
President Obama, the press, all the Democrats and a fair number of the Republicans in Congress share the same assumption about health care...
A near quadrupling of the federal deficit in 2009 alone. The nationalization of the Detroit automakers...
Scott Adams on Life, Business, Talent Stacks, and Trump.
Building an Alliance of Democracies.
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...
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.