Due to construction work in the Hoover Tower from May through October 2014, some of the materials in the Hoover Library may be unavailable during that time. Access to materials in the Hoover Archives will be unaffected.
Chris Cillizza has a piece in the WP that argues that the world is too splintered and partisan and complex, and communication and persuasion too difficult, for the president of the United States to succeed. This is an old claim.
Chris Blattman of Columbia University talks to EconTalk host Russ Roberts about a radical approach to fighting poverty in desperately poor countries: giving cash to aid recipients and allowing them to spend it as they please. Blattman shares his research and cautious optimism about giving cash and discusses how infusions of cash affect growth, educational outcomes, and political behavior (including violence). The conversation concludes with a discussion of the limits of aid and the some of the moral issues facing aid activists and researchers.
In a Wall Street Journal op-ed on July 18 called "An Unnecessary Fix for the Fed," economist Alan Blinder takes aim at legislation now under consideration in the House of Representatives to amend the Federal Reserve Act. Mr. Blinder focuses on what he calls the "meat-and-potatoes" of H.R. 5018: Section 2, Requirements for Policy Rules for the Federal Open Market Committee, which would require the Fed to submit to the Congress and the American people its rule or strategy for monetary policy.
California Senator Barbara Feinstein has demanded that Vladimir Putin “man up” and admit that pro-Russian separatists downed MH17, mistaking it for a Ukrainian transport plane. That this is true is obvious to all except Putin’s propaganda machine that is frantically churning out absurd conspiracy theories, while Putin lies low and limits himself to vague claims of Ukrainian guilt.
The collective gasp heard around the world after the downing of Malaysia Airlines Flight 17 is a recognition that what just happened is different. Civilian casualties in war zones are, unfortunately, all too common, sometimes outpacing the deaths of combatants. But this wanton act of shooting down a civilian airliner falls under a whole new category of terror.
The government is taking away the rights of citizens to control their own income, says Stanford University economist Michael Boskin. "Property rights and the rule of law are essential foundations for a vibrant economy," he writes in The Wall Street Journal. "When they are threatened, or uncertain, the result is inefficiency, rent-seeking, a larger underground economy and capital flight."