Category Archives: Uncategorized

Rules Are Back In The Fed’s Monetary Policy Report

The Federal Reserve’s latest Monetary Policy Report just released on February 19, 2021 has a whole section on monetary policy rules.  That policy rules are back in the Report is a very welcome development. It re-initiates a helpful reporting approach … Continue reading

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Watch, Listen, and Enjoy a Film About Thomas Sowell

The new one-hour program “Thomas Sowell: Common Sense in a Senseless World,” is a must watch. Beautifully narrated by Jason Riley of the Wall Street Journal, it tells the amazing life story of Thomas Sowell, born in 1930 in North … Continue reading

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Ideas and Actions for a Free Society: Still Relevant After a Year

Exactly one year ago, on January 15-17, 2020, a special meeting of the Mont Pelerin Society was held at the Hoover Institution at Stanford University. The Mont Pelerin Society was founded in 1947 for the “preservation and improvement of the … Continue reading

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Stampede Out, Stampede In

Today I published an article in Project Syndicate called “The Stampede from Silicon Valley.” The fact-based message of the article is clear: Tax, regulatory, and other economic burdens that firms face in California are creating a stampede to other parts … Continue reading

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Happy 100th Birthday to George Shultz

Today is George Shultz’s 100th birthday. There were so many wonderful celebrations and tributes, and many more to come. My family—Allyn, John, Jennifer, Josh, Olivia, Andrew, Jack, and I—walked over to his house and sang Happy Birthday as loud as … Continue reading

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Economic Policy and Foreign Policy Go Together

I gave the Peter G. Peterson Distinguished Lecture on “National Security and Fiscal Policy” at the Foreign Policy Association (FPA) in New York last week. Henry Fernandez gave a kind introduction and Tom Michaud moderated with great points. And thanks … Continue reading

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The Importance of Economic Policy in the 2020 Election

The following article by John Cogan and me responds to commentary on our Wall Street Journal article and emphasizes the importance of economic policy. The Importance of Economic Policy in the 2020 Election John F. Cogan and John B. Taylor … Continue reading

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Economics 1 Again, But So Different

We just finished the second week of Economics 1, Stanford’s introductory economics course, and the namesake of this blog and my twitter account.   So far it has been fun, and for the same reasons that I mentioned years ago when … Continue reading

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9/11/2001 and the 18 Years Since Then

Today we remember September 11, 2001 and all that has happened in the 18 years since then. I was in a hotel room in Tokyo when the first plane hit the World Trade Center, recently sworn in as Under Secretary … Continue reading

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Economics 1: Now More Important Than Ever

Two weeks from today, I start teaching Economics 1, Stanford’s introductory economics course, and the namesake of this blog and my twitter account.   I am looking forward to it, and for the same three reasons that I gave years ago … Continue reading

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