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Books

The Structural Foundations Of Monetary Policy

by Michael D. Bordo, John H. Cochrane, Amit Seru via Hoover Institution Press
Tuesday, March 6, 2018

In The Structural Foundations of Monetary PolicyMichael D. Bordo, John H. Cochrane, and Amit Seru bring together discussions and presentations from the Hoover Institution’s annual monetary policy conference. The conference participants discuss long-run monetary issues facing the world economy, with an emphasis on deep, unresolved structural questions. They explore vital issues affecting the Federal Reserve, the United States’ central bank. They voice concern over the Fed’s independence, governance, and ability to withstand future shocks and analyze the effects of its monetary policies and growing balance sheet in the wake of the 2008 financial crisis.

Essays

Encryption Policy And Its International Impacts: A Framework For Understanding Extraterritorial Ripple Effects

by Ryan Budish, Herbert Burkert , Urs Gasser via Aegis Paper Series
Friday, March 2, 2018

This paper explores the potential international ripple effects that can occur following changes to domestic encryption policies.  Whether these changes take the form of a single coherent national policy or a collection of independent (or even conflicting) policies, the impacts can be unexpected and wide-ranging.  This paper offers a conceptual model for how the ripple effects from national encryption policies might propagate beyond national borders. And we provide a set of factors that can help policy-makers anticipate some of the most likely ripple effects of proposed encryption policies.

Essays

The ‘China, Inc.+’ Challenge To Cyberspace Norms

by Robert D. Williamsvia Aegis Paper Series
Wednesday, February 21, 2018

This paper explores two aspects of China’s governance model that pose distinctive challenges to the construction of international cyberspace norms: the embedded and intertwined nature of the Communist Party-state in China’s economy and the expansive conception of national security reflected in Chinese laws and policies. Viewed in conjunction with Chinese cyberspace strategy and activity, these characteristics of “China, Inc. +” raise vexing questions with considerable implications for US-China relations.

Essays

Small Towns, Big Companies: How Surveillance Intermediaries Affect Small And Midsize Law Enforcement Agencies

by Anne Bousteadvia Aegis Paper Series
Wednesday, February 7, 2018

This paper explores how efforts by companies to resist government requests for consumer information may disproportionately affect small and mid-sized law enforcement agencies, as small departments face obstacles to using commercially collected information that do not occur in the context of larger departments. Differences between law enforcement agencies that serve large communities and those that serve small communities suggest corresponding differences in their ability to adapt to changes in the process for obtaining data from digital communication companies.  Failing to account for these differences may encourage policies that will only work as expected for large law enforcement agencies.

Essays

A Rubicon

by Daniel E. Geer, Jr.via Aegis Paper Series
Friday, February 2, 2018

Optimality and efficiency work counter to robustness and resilience. Complexity hides interdependence, and interdependence is the source of black swan events.  The benefits of digitalization are not
transitive, but the risks are.  Because single points of failure
require militarization wherever they underlie gross societal
dependencies, frank minimization of the number of such single points
of failure is a national security obligation.  Because cascade
failure ignited by random faults is quenched by redundancy, whereas
cascade failure ignited by sentient opponents is exacerbated by
redundancy, (preservation of) uncorrelated operational mechanisms
is likewise a national security obligation.

Journals

New Issue Of Hoover Digest Online

via Hoover Daily Report
Tuesday, January 30, 2018

The winter issue of Hoover Digest is now available online. The journal focuses on topics both classical—the economy, personal freedom, the role of government—and timely, such as cybersecurity, terrorism, and geopolitical shifts. 

Books

Unstable Majorities

by Morris P. Fiorinavia Hoover Institution Press
Friday, December 15, 2017

The American public is not as polarized as pundits say. In Unstable Majorities Morris P. Fiorina confronts one of the most commonly held assumptions in contemporary American politics: which is that voters are now more polarized than ever. Bringing research and historical context to his discussion of the American electorate and its voting patterns, he corrects misconceptions about polarization, voter behavior, and political parties, arguing that party sorting—not polarization—is the key to understanding our current political turbulence.

Journals

New Issue Of Hoover Digest Online

via Hoover Daily Report
Tuesday, October 24, 2017

The latest issue of Hoover Digest is now available online.

Essays

Syria-Iraq: Limiting Iranian Influence Implies Returning To Realpolitik

by Fabrice Balanchevia Hoover Institution Press
Thursday, October 5, 2017

Destroying the Islamic State (IS) and limiting the influence of Iran is a difficult project. The United States has more capabilities in Syria than in Iraq to destroy IS and limit Iran. The Sunni Arab tribes of the Euphrates Valley no longer support the Islamic State and are ready to join those who will liberate them, which explains the effectiveness of the Syrian Democratic Forces (Kurdish-Arab) against IS. Thus the liberation of Raqqa could thus take place in fall 2017, provided Turkey does not launch an offensive against the Syrian Kurds.

Books

Milton Friedman on Freedom

by Milton Friedman with John B. Taylorvia Hoover Institution Press
Thursday, September 7, 2017

In this book, Robert Leeson and Charles Palm have assembled an amazing collection of Milton Friedman's best works on freedom. Even more amazing is that the selection represents only 1 percent of the 1,500 works by Friedman that Leeson and Palm have put online in a user-friendly format—and an even smaller percentage if you include their archive of Friedman's audio and television recordings, correspondence, and other writings.

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Featured Publication

Thinking about the Future
By George P. Shultz

About the Press

Hoover Institution Press is the publishing arm of the Hoover Institution. Dedicated to informing public policy decisions and communicating key ideas, the press publishes the works of Hoover's fellows, working groups, and affiliated scholars. Concepts that were important to Herbert Hoover—private enterprise, personal freedom, representative government, peace, and safeguarding the American system—continue to animate our work. Areas emphasized are economics, national security, education, energy and the environment, health care, history, law and regulation, and political philosophy.

 

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