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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...
A Monetary Policy For The Future
Yesterday I spoke at a panel on “Monetary Policy in the Future,” with Ben Bernanke and Gill Marcus at an IMF event Rethinking Macro Policy.
Scientology And Progressivism
The HBO documentary about Scientology, “Going Clear,” is a must-see. Not so much because it exposes Scientology as a moneymaking, totalitarian cult, something most people already have known for 50 years.
Macro Handbook 2
Last week I attended the first half of the conference on the Handbook of Macroeconomics Volume 2, organized by John Taylor and Harald Uhlig, held at Hoover. The conference program and most of the papers are here.
John Taylor On USA Today
At the World Bank 2015 Spring Meetings, Hoover fellow John Taylor discusses the "Taylor rule," which is a formula or strategy that would force policymakers to raise rates a certain amount in response to inflation and the difference between actual and potential economic output.
Richard Epstein On The John Batchelor Show (19:27)
Hoover fellow Richard Epstein uses case law to explain the historical development of antidiscrimination laws. Epstein discusses modern controversies involving religious liberty and proposes a classical liberal solution based on mutual tolerance.
'Man-Made Disaster': Critics Say California Drought Caused By Misguided Environment Policies
The blistering drought that has Californians timing their showers, driving dirty cars and staring at brown lawns and empty swimming pools is a “man-made disaster,” according to critics, who say the Golden State’s misguided environmental policies allow much-needed freshwater to flow straight into the Pacific.
A Group Of Doctors Just Asked Columbia To Reconsider Dr. Oz's Faculty Appointment
A group of doctors has had enough of Dr. Oz. On Wednesday, 10 physicians, surgeons, and professors from across the country signed a letter — addressed to Columbia's dean of medicine — calling the medical school's affiliation with its most famous employee "unacceptable"
Monday, April 20, 2015
Judith Miller Recants; Where's The Media?
In “The Story: A Reporter’s Journey,” which hit book store shelves Tuesday, April 7, former New York Times reporter Judith Miller revealed in the final chapter that she now believes that she was induced by then-Special Counsel Patrick J. Fitzgerald to give false testimony in the 2007 trial of I. “Lewis” Scooter Libby, former chief of staff to Vice President Dick Cheney.
Taking On Robert Reich And The Myth Of The 'Non-Working Rich'
In his Huffington Post essay The Rise of the Working Poor and the Non-Working Rich, Robert Reich complains that: “America’s legendary ‘self-made’ men and women are being fast replaced by wealthy heirs…” Reich’s proposed remedy: raising taxes on the rich, especially inheritance taxes.
The Dirt On Earth Day: Chemophobia Masquerading As Environmentalism
The fear of pesticides that began a half century ago has degenerated into full-blown chemophobia today. Although “Every Day Is Earth Day” is etched into the American psyche as a benevolent mantra, it is useful to examine some of the motivations, actions and outcomes found under the banner of environmentalism.
Fear Of Doctors, Vaccines In California And Around The World
Modern society deeply depends on doctors. Which is why recent international reactions against doctors – from mistrust to outright attack – represent a disturbing trend that can not only lead to an immediate threat to global health workers but also precipitate that all-feared outbreak of an uncontrollable epidemic.
Consumption-Based Model And Value Premium
Sure, the consumption-based model won't work at a 5 minute interval. But is there some essence of truth in it, that stocks which fall more in business cycles, as measured by consumption, must pay a higher rate of return?
Mankiw's Textbook On Determinants Of Demand Elasticity
I like the book, which is why I use it, but each time I use it, I find things that are off. In a section on determinants of elasticity of demand, Mankiw lists four. The first is "Availability of Close Substitutes." The third is "Definition of the Market."
Substitution In Nicotine Consumption
If the FDA regulates, it will not be to make e-cigarettes more available. It will be to make them more costly, either in terms of accessibility or in terms of price, or both. If so, the FDA regulation will slow this healthy substitution away from more-toxic substances.
Victor Davis Hanson On WIBC
Hoover fellow Victor Davis Hanson discusses Hillary Clinton, her background, and her campaign for president.
Scott Sumner On Interest Rates
Scott Sumner, of Bentley University talks with EconTalk host Russ Roberts about interest rates. Sumner suggests that professional economists sometimes confuse cause and effect with respect to prices and quantities.
My Friend Richard
Any time I talk with a young person who has every jot and tittle of his life planned out until the day he retires (this is especially common among the kind of sociopaths who have political ambitions), I always gently advise them that it’s generally more important to have a direction than a plan.
Genetic Technology And Its Potential For Good And Evil
We don’t need a moratorium. We need to push the frontiers of medicine to cure more patients.
Just How Leaky Is the Fed? More Than You May Realize
The Federal Reserve is once again confronting uncomfortable questions about possible leaks. So far little has come to light about who might have passed details of a 2012 Federal Open Market Committee meeting to a newsletter that caters to hedge funds.