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James Ceaser is the Harry F. Byrd Professor of Politics at the University of Virginia, director of the Program for Constitutionalism and Democracy, and was a senior fellow at the Hoover Institution. He is the author of several books on American politics and American political thought, including...
Liftoff Levers
I read the minutes of the January FOMC meeting. (I was preparing for an interview with WSJ's Mary Kissel) There is a lot more interesting here, and a lot more important, than just when will the Fed raise rates.
From 2007 To 2012-13, The Income Share Of Top 1% Fell
The share of income (including capital gains) held by the top 1 percent grew from 10 percent in both 1960 and 1980 to 21.5 percent in 2000. Since then, it fell to under 17 percent in 2002 before rising to 23.5 percent in 2007.
California Traffic Is A Symptom Of Housing Unaffordability
Two weeks ago I explored how California's housing unaffordability crisis is impacting the Golden State's business climate.
The Honesty Gap
There may be some poetic justice in the recent revelation that Hillary Clinton, who has made big noises about a "pay gap" between women and men, paid the women on her Senate staff just 72 percent of what she paid the men. The Obama White House staff likewise has a pay gap between women and men, as of course does the economy as a whole.
Krugman's Priceless Economics
As regular readers of my posts on Econlog know, although I am often critical of Paul Krugman, I defend him when he's doing good economics (here, for example). His New York Times column yesterday, though, "Walmart's Visible Hand," essentially throws out basic price theory. Thus the title of this post.
Vet Proposes Change To Military Pay And Benefits
Military pay and benefits is not only a Defense Department issue, but also an economic one. And Tim Kane, a former Air Force officer turned research fellow at Stanford's Hoover Institution, wants to offer an alternative to fix system that he sees has been faltering for years.
Duffie And Stein On Libor
Darrell Duffie and Jeremy Stein have a nice paper, "Reforming LIBOR and Other Financial-Market Benchmarks" I learned some important lessons from the paper and discussion.
Gerson's Confusion About Inequality
"Putnam's goal is to reveal the consequences of inequality on kids. This unfairness is rooted in various, interrelated trends: family instability, community dysfunction and the collapse of the blue-collar economy."
Big Government As The New Terminator
Social observers from Aristotle and Juvenal to James Madison and George Orwell have all warned of the dangers of out-of-control government. Lately, we have seen plenty of proof that they were frighteningly correct.
Acemoglu on why nations fail
In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Daron Acemoglu of MIT and author (with James Robinson) of Why Nations Fail, the ideas in the book: why some nations fail and others succeed, why some nations grow over time and sustain that growth and others grow and then stagnate. Acemoglu draws on an exceptionally rich set of examples over space and time to argue that differences in institutions—political governance and the inclusiveness of the political and economic system—explain the differences in economic success across nations and over time.
Pacific Century: Suing China?
Can the US Hold China Responsible for the Pandemic?
Schneiderman As Lebron, Kazman As Ayesha
Eric Schneiderman, Attorney General of New York state, accuses companies that defend their right to free speech of engaging in "First Amendment opportunism." Somehow, probably because tonight's basketball game is on mind, that reminds me of Lebron James's comment that "it's so hard to take the high road."
Author On British Inheritance Misses Two Important Points
In a recent article titled “Is property inheritance widening the wealth gap?” author James Gordon points out that people in Britain who own houses will often leave them to their adult children and, thus, adult children of Brits with no houses will see a large gap between their wealth and those of their housing-endowed peers.
Red Star Rising
It is the purpose of this column to help bring the latest pieces of open source information about changes in the PRC's military, economy, diplomatic and cultural arena to the readers of NIP.
Blueprint for America
Scholars at the Hoover Institution—professors, thinkers, and practitioners of global renown in their respective fields—offer a series of policy ideas that would shore up the long-term foundations of American strengths.
Area 45: US Military
The peaks and valleys of a US military buildup.
Policy Seminar with Niall Ferguson
Niall Ferguson, the Milbank Family Senior Fellow at the Hoover Institution, focused on a global history of several pandemics and discussed “1918, 1957, 2020: Big Pandemics and their Economic Consequences."
GoodFellows: One Nation Under A Groove
In the final episode of the series for 2020, Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane reflect on lessons learned from the pandemic, Donald Trump’s future, the ruinous state of the Golden State, how society will differ in 2021, plus what gets them through their daily routines—a mixtape of UK punk, Philly-brand funk, and the soothing sounds of “Sweet Baby James” Taylor.
China’s Rise And Prospects For Security And Stability In The Indo-Pacific Region | 2020 Conference on Taiwan in the Indo-Pacific Region | Panel 6
China’s Rise And Prospects For Security And Stability In The Indo-Pacific Region | 2020 Conference on Taiwan in the Indo-Pacific Region | Panel 6.
The Wealth of Indian Nations
Indians cannot borrow money because their land held in trust by the federal government cannot be used as collateral and because tribal judicial systems may not consistently enforce contracts. Moreover, education rates lag behind the national average.