Hoover Digest 2008 No. 4

Art and images from the latest edition of the Hoover Digest

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John B. Taylor is the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution. Taylor’s rule is a simple and practical rule that helps outsiders understand how the Fed behaved and gives the Fed a benchmark against which to measure its performance.

A comprehensive book by Hoover senior fellow Alvin Rabushka shows how newborn America found its financial footing.

How an overconcern with security can distort the face America shows the world.

A Hoover/Economist survey of political attitudes finds voters in no mood for partisan lovey-dovey.

Who’s in charge, Vladimir Putin or Dmitry Medvedev? There is no simple answer.

How can we guide our young people toward a meaningful life? Research by Hoover senior fellow William Damon suggests a critical answer: by giving them a sense of purpose.

To succeed in the war on terror, Philip Bobbitt insists, the West needs an entirely new conceptual framework.

Was it a revolution? No. More like a baby-boomer coming-out party— with a rough morning after.

Eisenhower took office at a time of wars both cold and hot. One of his first actions was a complete rethinking of foreign policy. Our next president could learn from Ike’s example.

A Vichy official at work, circa 1941. Jacques Benoist-Méchin is usually presented as a historical puzzle: a highly educated and cultured man whose collaboration with the Nazi invaders seems somehow at odds with the other phases of his life. But his writings offer evidence of a lifelong fascist sympathy.

“Leave us in peace!” A 1941 poster produced by the Vichy government depicts a peasant working the soil, helped by Marianne, the personification of France. France is menaced by three wolves (“Freemasonry,” “the Jew,” and “de Gaulle”) and a triple-headed serpent (“the Lie”).

A fellow prisoner’s sketch shows Benoist-Méchin around 1948. In later years, he claimed to see a symmetry in his career—“the two halves of my life: the first bloodied by a Franco-German conflict, the second torn by a Franco-Arab conflict.” He titled his memoirs À l’épreuve du temps, which can be translated as either “the test of time” or “the ordeal of time.”