On March 16, 2015, the Hoover Institution and the Calvin Coolidge Presidential Foundation hosted a talk about Modern American Conservatism at the Hoover Institution in Washington, D.C.
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.
Severe stress in the financial markets has given rise to a host of unprecedented actions by the Federal Reserve, including the Bear Stearns intervention, new lending facilities for primary dealers, and a decision to authorize the Fed to lend to Fannie Mae and Freddie Mac should such lending become necessary.
The financial crisis has given rise to numerous, large, and unprecedented actions by the Federal Reserve. At the time of our previous workshop on this topic last July, these actions included the Bear Stearns intervention, the new lending facilities for banks and primary dealers, and a decision to authorize the Fed to lend to Fannie Mae and Freddie Mac. Since then the list has expanded enormously to include the AIG intervention, the creation of a commercial paper funding facility, large loans to foreign central banks, and the purchase of assets backed by mortgages, credit card debt, and student loans. Recently the Treasury has proposed a large expansion of these purchases.
These developments raise important policy questions about the future of central banking policy. Many of the questions are best considered as part of a longer term overhaul of the financial regulatory structure including ways to reduce “the too big or too interconnected to fail” problem by creating new market mechanisms or alternative resolution systems. But there are also urgent policy issues to be addressed in the weeks and months ahead.
Guest Speaker: Troy Paredes (Commissioner of the U.S. Securities and Exchange Commission)
Guest Speaker: John Cochrane (Hoover Senior Fellow and Professor of Finance at the University of Chicago Booth School of Business)
The world economy has recently been experiencing highly volatile foreign exchange and capital markets, a spread of unusual monetary policy actions, and disappointing growth and stability. These developments have led to a host of policy proposals ranging from reforms of the international monetary system built on rules-based monetary policy in each country to more interventions in the form of capital controls, exchange market actions, and macro-prudential regulations. The aim of the conference is to examine these recent developments and consider policy options.
This session will discuss the historical sources of prosperity in the United States and will look at the drivers of prosperity over the next century. Panelists will also address the ongoing debate about the impact of artificial intelligence and robotics on standards of living and the relevant facts and data to consider.
The Federal Open Market Committee announced on January 30 that it “intends to continue to implement monetary policy in a regime in which an ample supply of reserves ensures that control over the level of the federal funds rate and other short-term interest rates is exercised primarily through the setting of the Federal Reserve's administered rates, and in which active management of the supply of reserves is not required.” Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization.
Jesús Fernández-Villaverde, Professor of Economics at the University of Pennsylvania, discussed his future book with Lee Ohanian: Capitalism and Freedom in the 21st Century.
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.”
Policy Seminar on the crisis of unfunded liabilities at the state and local level and possible avenues for resolving it
Guest Speaker: Joshua Rauh (Hoover Senior Fellow and Professor of Finance at the Stanford Graduate School of Business)
Policy Seminar on the Response to the Financial Crisis during 2008 from the Perspective of Inside the Treasury
Guest speaker: Jim Wilkinson (The Brunswick Group, LLC), former Chief of Staff at the U.S. Treasury
Senator Rand Paul, a US Senator from Kentucky, joined Hoover fellows for a Leadership Forum roundtable luncheon at the Hoover Institution on Thursday, May 30.
Policy seminar on the Role of Securitized-Banking System in the Financial Crisis and the Policy Implications
Guest Speaker: Gary Gorton (Professor of Management and Finance at Yale University)
The Hoover Institution hosted "Tools of Regulatory Reform: Maintaining Executive and Constitutional Order" on Friday, June 21, 2019 from 8:30 AM to 4:15 PM EDT.
Cardinal Conversations: Reid Hoffman And Peter Thiel On "Technology And Politics" Moderated By Niall Ferguson
The Hoover Institution hosted "Cardinal Conversations: Reid Hoffman and Peter Thiel on 'Technology and Politics' moderated by Niall Ferguson" on Wednesday, January 31, 2018 from 7:00pm - 8:30pm PST.
The two-day conference, co-sponsored by the Hoover Institution and the Korea Development Institute, focused on economic reform, dealing primarily with the South Korean and American economies. Half of the papers presented illuminated problems confronting Korea's economic growth, and the other half, by Hoover fellows, addressed U.S. economic challenges and offered policy recommendations. One of the objectives of the conference was to increase understanding and share expertise about the impact of economic policy and the development of public policy at a national level. Conference directors were Kenneth Judd and Young-Ki Lee.
THE HOOVER INSTITUTION
& THE INSTITUTE FOR NATIONAL POLICY RESEARCH PRESENT