Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, discusses President Barack Obama's proposed budget for fiscal 2012. Lazear notes that capital is mobile, so that taxes need to be lower to keep investments in the United States. Lazear tells Margaret Brennan on Bloomberg Television's InBusiness that we cannot solve our long-term fiscal problems by raising taxes, rather, we need to cut spending.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, offers insight into the current economic recovery, noting that the United States is beginning to slow down again. Lazear recommends that US economic policies focus on the long term and the necessary reforms to lower taxes, improve trade policies, and put in place solid economic strategies to help businesses and the economy prosper.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, offers insight into the current economic recovery, noting that the Fed tools are not strong and asking whether the cost of more stimulus justifies the benefits. Lazear believes the United States needs to think of long-term growth and structural changes, such as lower taxes and better trade policies, rather than more stimulus.

Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, offers insights into the current jobs’ numbers, noting that the US job creation is not able to keep pace with the growing population. Lazear noted four policy areas that would help economic growth: a tax code that is pro-growth; an increase in trade; getting spending under control; and looking at the cost benefit of regulations.

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, offers insights into the current economic recovery, noting that we are a long way from where we need to be. In assessing Mitt Romney’s plan for the economy, Lazear says that the US economy is not seeing the recovery we need because the focus has been on short-term growth that gives a quick bump to the economy but does not really change anything. The United States, Lazear avers, needs long-term structural changes, such as broadening the tax base, lowering the tax rates, and improving trade, for the economy to recover.

Michael Boskin, Senior Fellow at the Hoover Institution and T. M. Friedman Professor of Economics at Stanford University, discussed “Inequality Shocks and Redistribution.”

AUDIO ONLY

Hoover Institution Fellow Ed Lazear provides a briefing on COVID-19 and today's jobs report.

On Friday, March 15, 2013, Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and the Jack Steele Parker Professor of Human Resources, Management and Economics at Stanford University's Graduate School of Business, received a conferment as an honorary doctor from the Copenhagen Business School (CBS) in Copenhagen, Denmark. Lazear then gave a talk titled An Economist’s Approach to Leadership at the school’s annual celebration.

Fear that failure of a large complex financial institution can cause severe damage to the economy has created a pervasive bailout mentality among policymakers in the United States. As a result the federal government has committed huge amounts of taxpayer dollars, intervened in a host of normally private–sector activities, and induced excessive risk‐taking by people expecting the bailout policy to continue. Americans are understandably angry about a policy which rescues the people who take risks and fail at the expense of everyone else. But how can we reduce the bailouts? As George Shultz puts it, “If clear and credible measures can be put into place that convince everybody that failure will be allowed, then the bailouts, and the expectations of bailouts, will recede and perhaps even disappear.” The purpose of this workshop is to propose, present, and debate such measures.