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Hoover Daily Report by topic: Op-ed

April 20, 2014 | Wall Street Journal

How to Energize a Lackluster Recovery

April 18, 2014 | Defining Ideas (Hoover Institution)

The United States of Envy

April 11, 2014 | New York Times Book Review

How Banks Fail

March 13, 2014 | Project Syndicate

Coming Together and Falling Apart

February 26, 2014 | American Banker

New 'Bank Tax' Proposal Is More Destructive Populism

Do we really want banks to be stable, profitable and internationally competitive or do we want them to be cash cows for Congress?
February 25, 2014 | e21, Economic Policies for the 21st Century

The Illusion of Reform and the Next Housing Crisis

This article is adapted from the authors’ new book, Fragile by Design: The Political Origins of Banking Crises and Scarce Credit (Princeton Universi...
February 24, 2014 | National Review Online

Still Too Big to Fail?

Boosting megabanks’ capital cushion could preclude future bailouts.
February 24, 2014 | Washington Examiner

The Blight of Bank Bailouts

Is there hope for reform? Perhaps not, at least until we recognize a major source of the world's government debt. When economists and politicians talk about the problem of unsustainable government debt, they often focus on the need to rein in government budgets and entitlement policies. But over the past four decades, for many countries, the most important source of government debt unsustainability has been something else: hidden guarantees for banks that behave a bit like icebergs -- one can barely see them, and then all of a sudden, they sink the fiscal ship of state. The United States saw a substantial bailout cost in 2008 with respect not only to the Troubled Asset Relief Program support for banks, but also the massive spending in support of Fannie Mae and Freddie Mac, which were rescued from insolvency by huge injections of taxpayer funds. However, this is not just a U.S. problem. According to Luc Laeven and Fabian Valencia of the International Monetary Fund, of the 117 nations with populations in excess of 250,000 -- specifically, those not current or former communist countries and with banking systems large enough to consistently report data on private credit in the World Bank's Financial Structure Database -- only 34 of those countries (29 percent) avoided a major banking crisis from 1970 to 2010. Sixty-two countries had one banking crisis. Nineteen countries experienced two. One country underwent three, and another weathered no less than four.
February 13, 2014 | Wall Street Journal

How Dodd-Frank Doubles Down on 'Too Big to Fail'

February 9, 2014 | Washington Times

Six Keys to Economic Opportunity

When the president declared in his State of the Union address that "social mobility has stalled" and "our job is to reverse these trends," he overlooked six major findings from two equal-economic-opportunity studies recently released by Harvard economist Raj Chetty and his colleagues.