Category Archives: Regulatory Policy

The resilience of emerging market economies severely hit by the panic of 2008 is amazing, especially in comparison with the long emerging market crisis period of a decade ago. I have written that the main explanation for this resilience is … Continue reading →

The new study by my colleague Rick Hanushek and his coauthor Ludger Woessmann shows that bringing US education levels up to the level of Finland would raise real GDP by over $100 trillion measured in present discounted value terms over … Continue reading →

With the consumption data released today–the day before Thanksgiving–we are reminded to give thanks that retail sales are at least growing not declining sharply as they were a year ago. But what was it really like out there day-by-day in … Continue reading →

We are hearing a lot these days about the disadvantages of free markets and the need for a greatly expanded role of government in the economy. Last month I spoke at a wonderful memorial for Rose Friedman. We celebrated among … Continue reading →

My Forbes magazine column this week reviews the latest empirical evidence on why government actions and interventions–government failure rather than market failure–should be at the top of the list of what went wrong in the recent financial crisis. Some continue … Continue reading →