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 the November/December 2012 issue of Stanford Magazine, Peter Schweizer, the William J. Casey Research Fellow at the Hoover Institution, is featured discussing legislation and his current research. Last year, the CBS news magazine 60 Minutes featured Schweizer, spotlighting his book Throw Them All Out: How Politicians and Their Friends Get Rich off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison.Feedback from the program helped pass the Stop Trading on Congressional Knowledge Act, which prohibits members and employees of Congress from using nonpublic information for private gain.
The Hoover Institution hosted its annual Board of Overseers’ summer meeting during July 9–11, 2013.
The program began on Tuesday evening with before-dinner remarks by Paul D. Clement, a partner at Bancroft PLLC. Clement served as the forty-third solicitor general of the United States from June 2005 until June 2008. He has argued more than sixty-five cases before the US Supreme Court. During Clement’s speech, titled “Federalism in the Roberts Court,” he talked about the revitalization of federalism in the Rehnquist court “imposing some limits on the federal government’s power vis-a-vis the states.”
Michael Boskin, Senior Fellow at the Hoover Institution and T. M. Friedman Professor of Economics at Stanford University, discussed “Why Is Social Security So Hard to Reform and What Can Be Done About It?”
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 Thiel spoke about the basic principles that underlie innovative products and startup firms, using examples from his own experience starting up firms such as Paypal and Palantir. He emphasized the importance of creating a firm or product with characteristics of monopoly, and contrasted that idea with the distinction between monopoly and competition taught in economics.
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.