ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThere’s something dishonest about the way today’s privileged Americans comport themselves.Camouflaged ElitesOld Master==Even in the mostly egalitarian city-states of relatively poor classical Greece, the wealthy were readily identifiable. A man of privilege was easy to spot by his remarkable possession of a horse, the fine quality of his tunic, or by his mastery of Greek syntax and vocabulary.An anonymous and irascible Athenian author—dubbed “The Old Oligarch” by the nineteenth-century British classicist Gilbert Murray—wrote...…ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThere’s something dishonest about the way today’s privileged Americans comport themselves.Camouflaged ElitesOld Master==Even in the mostly egalitarian city-states of relatively poor classical Greece, the wealthy were readily identifiable. A man of privilege was easy to spot by his remarkable possession of a horse, the fine quality of his tunic, or by his mastery of Greek syntax and vocabulary.An anonymous and irascible Athenian author—dubbed “The Old Oligarch” by the nineteenth-century British classicist Gilbert Murray—wrote...WW…

ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsDigital Currency And The FutureTechnological innovation, and market demands, are leading central banks to take the next step.Digital Currency And The FutureOld Master==Debate swirls in monetary policy circles over whether, how, and when to introduce central bank digital currencies. This debate has strong resonance to earlier crossroads in monetary history when major transformations took place. In today’s crossroads, advances in technology—digitalization—have led to the development of new forms of money. These include virtual...…ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsDigital Currency And The FutureTechnological innovation, and market demands, are leading central banks to take the next step.Digital Currency And The FutureOld Master==Debate swirls in monetary policy circles over whether, how, and when to introduce central bank digital currencies. This debate has strong resonance to earlier crossroads in monetary history when major transformations took place. In today’s crossroads, advances in technology—digitalization—have led to the development of new forms of money. These include virtual...WW…

ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThe Effects of the Tax Deduction for Postsecondary Tuition: Implications for Structuring Tax-Based AidThe Effects of the Tax Deduction for Postsecondary Tuition: Implications for Structuring Tax-Based AidMedia master==Economics Working Paper 15114Abstract:The federal tax deduction for tuition potentially increases investments in postsecondary education at minimal administrative cost. We assess whether it actually does this using regression discontinuity methods on the income cutoffs that govern eligibility for the deduction....…ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThe Effects of the Tax Deduction for Postsecondary Tuition: Implications for Structuring Tax-Based AidThe Effects of the Tax Deduction for Postsecondary Tuition: Implications for Structuring Tax-Based AidMedia master==Economics Working Paper 15114Abstract:The federal tax deduction for tuition potentially increases investments in postsecondary education at minimal administrative cost. We assess whether it actually does this using regression discontinuity methods on the income cutoffs that govern eligibility for the deduction....WW…

ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThis week’s episode is devoted to audience questions—viewers and listeners from over two dozen nations and five continents asking Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane for their thoughts on the war in Ukraine, America’s future involvement in Eastern Europe and the Middle East, China’s plans for Taiwan, plus the impact of Russia’s acts of aggression on oil prices and global economics.GoodFellows: Viewer Mail—Ukraine EditionOld Master==This week’s episode is devoted to audience...…ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThis week’s episode is devoted to audience questions—viewers and listeners from over two dozen nations and five continents asking Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane for their thoughts on the war in Ukraine, America’s future involvement in Eastern Europe and the Middle East, China’s plans for Taiwan, plus the impact of Russia’s acts of aggression on oil prices and global economics.GoodFellows: Viewer Mail—Ukraine EditionOld Master==This week’s episode is devoted to audience...WW…

ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThe SEC’s new disclosure rules unnecessarily threaten today’s successful business model.Hands Off Private EquityOld Master==The Biden administration is engaged in a sustained effort to add layers of regulation to all portions of the economy. In some instances, these maneuvers take the form of direct commands, such as the ill-fated comprehensive ; in others, indirectly, by redoing the antitrust laws or the tax code. But, sometimes, his administration’s approach appears to take a softer line. The prominent example is by giving...…ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsThe SEC’s new disclosure rules unnecessarily threaten today’s successful business model.Hands Off Private EquityOld Master==The Biden administration is engaged in a sustained effort to add layers of regulation to all portions of the economy. In some instances, these maneuvers take the form of direct commands, such as the ill-fated comprehensive ; in others, indirectly, by redoing the antitrust laws or the tax code. But, sometimes, his administration’s approach appears to take a softer line. The prominent example is by giving...WW…

H.R. McMaster and Leopoldo López discuss the ongoing crisis in Venezuela and the prospects for restoration of democratic governance under the Constitution and recovery from economic collapse. H.R. McMaster in conversation with Leopoldo López on Wednesday, March 16, 2022 at 9:00am PT.Venezuela: The Disaster Of The “Socialist Revolution” And Prospects For RecoveryOld Master==In this episode of Battlegrounds, H.R. McMaster and Leopoldo López discuss the ongoing crisis in Venezuela and the prospects for restoration of democratic governance under the Constitution and recovery...…H.R. McMaster and Leopoldo López discuss the ongoing crisis in Venezuela and the prospects for restoration of democratic governance under the Constitution and recovery from economic collapse. H.R. McMaster in conversation with Leopoldo López on Wednesday, March 16, 2022 at 9:00am PT.Venezuela: The Disaster Of The “Socialist Revolution” And Prospects For RecoveryOld Master==In this episode of Battlegrounds, H.R. McMaster and Leopoldo López discuss the ongoing crisis in Venezuela and the prospects for restoration of democratic governance under the Constitution and recovery...WW…

ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsTrump has revived the ancient tension between urban radicals who seek equality, and rural conservatives who seek liberty.Dueling PopulismsOld Master==Populism is seen as both bad and good because people disagree about what it represents and intends. In the present age, there are two different sorts of populism. Both strains originated in classical times and persist today.   In antiquity, one type was known by elite writers of that time to be the “bad” populism. It appealed to the volatile, landless urban “mob,” or...…ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsTrump has revived the ancient tension between urban radicals who seek equality, and rural conservatives who seek liberty.Dueling PopulismsOld Master==Populism is seen as both bad and good because people disagree about what it represents and intends. In the present age, there are two different sorts of populism. Both strains originated in classical times and persist today.   In antiquity, one type was known by elite writers of that time to be the “bad” populism. It appealed to the volatile, landless urban “mob,” or...WW…

ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsReinvigorating Economic Governance: Advancing a New Framework for American ProsperityThe authors set forth a new framework to revitalize the governance of economic policy based on our nation’s foundational system of natural liberty. If we choose to liberate the power of the individual, encourage the promulgation and dissemination of new ideas, and ensure the fidelity of institutions to their mission, then the United States should significantly improve its economic performance and serve as a more formidable force in the...…ExploreFellowsCommentaryResearchLibrary & archivesAll sectionsReinvigorating Economic Governance: Advancing a New Framework for American ProsperityThe authors set forth a new framework to revitalize the governance of economic policy based on our nation’s foundational system of natural liberty. If we choose to liberate the power of the individual, encourage the promulgation and dissemination of new ideas, and ensure the fidelity of institutions to their mission, then the United States should significantly improve its economic performance and serve as a more formidable force in the...WW…