Hoover Institution at Stanford University
Hoover Digest 2009 No. 4
2009 No.4
Table of Contents
 

FEATURED ARTICLES

An Unclear and Present Danger
Why are toxic assets so hard to clean up? Partly because they’re so hard to understand. By Kenneth E. Scott and John B. Taylor.

Dr. Friedman’s Remedy
Milton Friedman diagnosed the problems of America’s health care system years ago. The good doctor also foretold that a genuine cure would come only in small doses. By Peter Robinson.

The Housing Boom and Bust
Hoover fellow Thomas Sowell contemplates the greatest expansion of government power in a generation.

 

On the cover
A Soviet poster from 1931 presents a busy harvest scene. Elsewhere on the image (not shown) are spiteful counterrevolutionaries and foreign invaders, who watch the workers enviously. “Bread is our strength,” reads the poster. “A grave for invaders. Gather the harvest.” Some of the sheaves transform into weapons that wound a rich peasant, a priest, a capitalist, and a czarist. Soviet leader Josef Stalin, like the artist who created this poster, was intimately acquainted with using food as a weapon: at the time this exhortation was printed, collectivization was causing widespread famine and would kill millions of people.

 

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1. How to Cure Health Care
The United States spends a mind-boggling percentage of its GDP on a health care system that virtually everyone agrees is a disaster. Is there any way out of this mess? There is—and Hoover fellow Milton Friedman has found it.

2. The Changing American Family
During the past 20 years, the American family has undergone a profound transformation. By Herbert S. Klein.

3. Here’s a Second Opinion
Ten reasons why America’s health care system is in better condition than you might suppose. By Scott W. Atlas.

4. Remembering Joseph Brodsky
An appreciation of the exiled Russian poet and winner of the Nobel Prize for literature. By Cissie Dore Hill.

5. The Case for Free Trade
In international trade, Hoover fellow Charles Wolf Jr. argues above, deficits don't much matter. Here Milton Friedman and Rose Friedman discuss what does: freedom. A ringing statement of logic and principle.

6. The Decline and Fall of American Education
American education is in serious trouble. Why aren’t we more concerned? By Paul E. Peterson.

7. The Loneliness of the “Black Conservative”
Hoover fellow Shelby Steele on the price of his convictions.

8. Racial Quotas in College Admissions: A Critique of the Bowen and Bok Study
In a new statistical analysis, two former Ivy League presidents argue that racial preferences in college admissions are good for both minorities and society at large. Examining the analysis, however, Hoover fellow Thomas Sowell has discovered that the numbers don’t add up.

9. The Hong Kong Experiment
A controlled experiment in the field of economics? The last fifty years of history have provided just that. The free economy: Hong Kong. The mixed economy: the United States. The socialist economies: Great Britain and Israel. Nobel laureate and Hoover fellow Milton Friedman evaluates the results.

10. The Longshoreman Philosopher
Eric Hoffer’s papers in the Hoover Archives run to many thousands of pages and include journals that have never been published. Hoover media fellow Tom Bethell examines the trove.

 


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