Properly Political Scientists: The Great Barrington Declaration
By David Deavel on Oct 14, 2020 04:00 pm
Science does not give us all the answers. When it comes to forming policy, there are no technocratic answers. The Great Barrington Declaration is a sensible statement by a group of scientists daring to stand against the “consensus” of experts. It is based not merely on science but on prudent thought based on a ...
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By David Deavel on Oct 14, 2020 04:00 pm
Science does not give us all the answers. When it comes to forming policy, there are no technocratic answers. The Great Barrington Declaration is a sensible statement by a group of scientists daring to stand against the “consensus” of experts. It is based not merely on science but on prudent thought based on a ...
Read in browser »
Don't bet against the dollar
Desmond Lachman | The Hill
Desmond Lachman | The Hill
Is the Federal Reserve out of ammo to fight the coronavirus economic slowdown?
Desmond Lachman | The National Interest
Desmond Lachman | The National Interest
| the_core_of_the_ecb’s_new_strategy_by_hélène_rey_-_project_syndicate.pdf |
| the_stock-market_disconnect_by_kenneth_rogoff_-_project_syndicate.pdf |
| what_should_corporations_do__by_raghuram_g._rajan_-_project_syndicate.pdf |
The CEE is also available online at Econlib, and the online version includes several online-only entries, including:
Irving Kristol lecture honoring Nicholas Eberstadt Kristol.AEI.org
Global economic stimulus will lead to stagnation
Derek Scissors | InsideSources
The enormous amounts of credit extended to people and companies are not “stimulus”; this is fiction. Even when necessary, borrowing will slow global growth for many years to come.
Derek Scissors | InsideSources
The enormous amounts of credit extended to people and companies are not “stimulus”; this is fiction. Even when necessary, borrowing will slow global growth for many years to come.
Steven Kamin explores long-term monetary policy challenges, and Desmond Lachman adds that the Federal Reserve may be out of ammo to fight the economic slowdown.
The wall and the bridge
R. Glenn Hubbard | National Affairs
New ideas, openness to trade, and technological advances have propelled the US economy to new heights. While America's dynamic economy has been the engine of our prosperity and opportunity, it has also been a source of our political division. Instead of constructing walls of protectionism and regulation, policymakers should work to build bridges to opportunity.
R. Glenn Hubbard | National Affairs
New ideas, openness to trade, and technological advances have propelled the US economy to new heights. While America's dynamic economy has been the engine of our prosperity and opportunity, it has also been a source of our political division. Instead of constructing walls of protectionism and regulation, policymakers should work to build bridges to opportunity.
Milton Friedman was right about shareholder capitalism
Michael R. Strain | @MichaelRStrain | Bloomberg Opinion
In 1970, economist and Nobel laureate Milton Friedman wrote that a business' social responsibility is to increase its profits. This view, now under attack by a group of politicians and business leaders, is well grounded in solid economics, common sense, and practical considerations.
Michael R. Strain | @MichaelRStrain | Bloomberg Opinion
In 1970, economist and Nobel laureate Milton Friedman wrote that a business' social responsibility is to increase its profits. This view, now under attack by a group of politicians and business leaders, is well grounded in solid economics, common sense, and practical considerations.
A Partial Defense Of Milton Friedman's 1970 NYT Essay
by David R. Henderson via Econlib
To understand my story, you first need to understand Friedman’s basic point. Here it is in a nutshell: Managers are employees of corporations. In the decisions they make with corporate resources, they should be responsible to the corporation.
by David R. Henderson via Econlib
To understand my story, you first need to understand Friedman’s basic point. Here it is in a nutshell: Managers are employees of corporations. In the decisions they make with corporate resources, they should be responsible to the corporation.
The myth of stability: Why the economic golden age of postwar America was not as golden as we remember
James Pethokoukis | @JimPethokoukis | AEIdeas
Critics of Milton Friedman's doctrine often view the immediate postwar decades as an economic golden age that never turned into a golden century. And that failure, they say, is partly because of the rise of short-sighted capitalism that Friedman supposedly recommended. But what if this economic golden age was not as golden as we remember?
James Pethokoukis | @JimPethokoukis | AEIdeas
Critics of Milton Friedman's doctrine often view the immediate postwar decades as an economic golden age that never turned into a golden century. And that failure, they say, is partly because of the rise of short-sighted capitalism that Friedman supposedly recommended. But what if this economic golden age was not as golden as we remember?
How the State Can Guide NYC’s Fiscal Recovery
E.J. McMahon, Manhattan Institute
In the wake of the coronavirus pandemic, New York City is facing its biggest economic and fiscal challenges since the mid-1970s. The Big Apple’s recovery prospects are uncertain and hotly debated, but this much already is clear: with tax revenues cratering, the city government’s pre-pandemic spending trends are simply unsustainable. Personal service costs, inflated by fringe benefits and inefficient work rules, are by far the biggest chunk of New York’s nearly $90 billion budget. Read more here...
E.J. McMahon, Manhattan Institute
In the wake of the coronavirus pandemic, New York City is facing its biggest economic and fiscal challenges since the mid-1970s. The Big Apple’s recovery prospects are uncertain and hotly debated, but this much already is clear: with tax revenues cratering, the city government’s pre-pandemic spending trends are simply unsustainable. Personal service costs, inflated by fringe benefits and inefficient work rules, are by far the biggest chunk of New York’s nearly $90 billion budget. Read more here...
| low_rates_forever__-_wsj.pdf |
The Four Paths of US-China Relations
Yuen Yuen Ang considers the possibility that either or both countries could experience a change in leadership.
Yuen Yuen Ang considers the possibility that either or both countries could experience a change in leadership.
The Crowding-Out Myth
Robert Skidelsky rejects the orthodox economic view that public investment is bound to be less efficient than private capital.
Robert Skidelsky rejects the orthodox economic view that public investment is bound to be less efficient than private capital.
Are We All Keynesians Again?
Andrés Velasco asks what an era of larger, more robust state intervention in the economy can and should mean.
Andrés Velasco asks what an era of larger, more robust state intervention in the economy can and should mean.
China’s Digital Currency Will Rise but Not Rule
Eswar Prasad explains why a new version of the renminbi will fail to challenge the US dollar’s global dominance.
Eswar Prasad explains why a new version of the renminbi will fail to challenge the US dollar’s global dominance.
The End of Western Opportunism
Joschka Fischer says that US and European policymakers and businesses have no choice but to accept that China as it is.
Joschka Fischer says that US and European policymakers and businesses have no choice but to accept that China as it is.
Checking in on the American Dream: 3 charts that show US living standards and upward mobility are far from stagnant
James Pethokoukis | AEIdeas
James Pethokoukis | AEIdeas
5 questions for Glenn Hubbard on the COVID-19 pandemic, productivity growth, and US fiscal policy
R. Glenn Hubbard and James Pethokoukis | AEIdeas
Faster wage growth? A lighter debt burden? Is there anything faster productivity growth can’t accomplish?
James Pethokoukis | AEIdeas
R. Glenn Hubbard and James Pethokoukis | AEIdeas
Faster wage growth? A lighter debt burden? Is there anything faster productivity growth can’t accomplish?
James Pethokoukis | AEIdeas
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