Author Archives: John Taylor
Happy Birthday and a Terrific New Book by Thomas Sowell
Thomas Sowell has a new book. It is terrific and timely. It is called Charter Schools and Their Enemies, officially published today, June 30, 2020, which happens to be his 90th birthday. Happy Birthday, Tom, and thank you writing such … Continue reading
Posted in Regulatory Policy, Teaching Economics
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More Important Than Ever — Principles of Economics — Online
This summer we will again be offering Stanford’s Principles of Economics course online. The course is more important than ever. We will offer a for-credit online Principles of Economics course for matriculated Stanford students, students from other colleges and universities, … Continue reading
Posted in Teaching Economics
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Macroeconomic Modelling of Pandemics at Warp Speed
A pressing research issue with deep policy relevance concerns how econometric models should be adapted, changed, or modified in light of the COVID-19 pandemic. A new Webinar series–Macroeconomic Modelling and Pandemics–has been created to examine this issue, to exchange views … Continue reading
A Conference That Would Have Been and Still Will Be
Two months ago, on March 14, 2020, we cancelled our annual Hoover monetary policy conference at Stanford on “Central Bank Strategy Reviews and Their Global Impact” then scheduled for May 1, 2020. The reason was that Stanford declared that “university … Continue reading
Posted in Monetary Policy
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Deepak Lal and Market-Oriented Policies
Deepak Lal, an outspoken champion of freedom and market‐oriented policies throughout the world, died yesterday in London. I heard the sad news from my friend Ed Feulner who called on the phone tonight, and I just read the beautiful tribute … Continue reading
On-Line, Ready, and Now Raring to Go with Econ 1v
Seven years ago, I decided to create an on-line version of the on-campus Principles of Economics course—we call it Econ 1—that I had been giving for many years. I recall that we spent a lot of time and effort on … Continue reading
Posted in Financial Crisis, Teaching Economics
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Make Section 2201 of the CARES Act Work in Practice
Section 2201 of the CARES (Coronavirus Aid, Relief, and Economic Security) Act authorizes direct payments, “Recovery Rebates,” to individual households and families. The Section is called the “2020 Recovery Rebates for Individuals” and is estimated to total $300 billion–the sum … Continue reading
Posted in Budget & Debt, Stimulus Impact
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Structural, Not Cyclical, Budget Reform
Today I published a column in Project Syndicate on fiscal policy. I am positive about pro-growth effects of the tax reform in the 2017 tax act and of the greater use of cost-benefit analysis in the recent regulatory reform effort. … Continue reading
A Fast and Fun Way to Learn about Rules Versus Discretion
The Hoover Institution has initiated a fascinating Perspectives on Policy video series in which experienced experts give clear explanations of key policy issues assisted by the latest in animation technology. This is not the typical video of talking heads as … Continue reading
Posted in Monetary Policy
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Congressional Testimony on the Costs of Rapidly Growing Government Debt
Yesterday I testified at the Committee on the Budget of the House of Representative. John Yarmuth chaired, and Steve Womack was the ranking member. The Committee titled the hearing “Reexamining the Economic Costs of Debt,” which was quite different from … Continue reading
Posted in Budget & Debt
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