The Importance of Institutional Arrangements for Economic Growth

John Cogan and Kevin Warsh are both Senior Fellows at the Hoover Institution who have spent the careers in and out of government trying to make it more efficient and cost effective. On this show, they discuss their newest white paper, Reinvigorating Economic Governance: Advancing a New Framework for American Prosperity, which is intended to provide a framework to revitalize the governance of economic policy based on our nation’s foundational system of natural liberty. In addition, they also discuss why liberating  the power of the individual, and encouraging 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 world.