Hoover Daily Report
Featured
Featured

We Cannot Win The War On Drugs By Obsessing Over Supply

by George P. Shultzvia The Financial Times
Friday, August 30, 2019

[Subscription Required] The news that Johnson & Johnson has been ordered to pay $572m by the state of Oklahoma over its contribution to the US opioid crisis is just the latest skirmish in a seemingly never-ending war on drugs.

Featured

Updates To The Budget Calculator

by Daniel Heilvia Budget Matters, America Off Balance
Wednesday, August 28, 2019

We are happy to announce we have updated the America Off Balance Budget Calculator to reflect the Congressional Budget Office’s (CBO) recent update to their 10-year budget and economic projections.

 
Featured

Party Instability: Why American Politics Feels Broken

by David Bradyvia PolicyEd
Wednesday, May 1, 2019

American politics feels broken because existing voting blocs are regrouping and reconsidering which issues motivate them and which political party they support. Ongoing economic and demographic structural changes have led to control of the legislative and executive branches shifting back and forth. While this is not the first time in the history this has occurred, political parties will need to figure out a winning combination of policies that can consistently win them elections in order to stabilize American politics.

Featured

The Next Democratic Debate: 10 In, 10 Out . . . Five More Who Should Go

by Bill Whalenvia Forbes
Thursday, August 29, 2019

An ideal format it’s not, but next month’s Democratic presidential debate will have at least one improvement over the previous two instalments: just one debate, on one stage, on one night, with only ten candidates present.

Analysis and Commentary
Analysis and Commentary

Federal Reserve Structure, Economic Ideas, And Monetary And Financial Policy

by Michael D. Bordo, Edward Prescottvia The National Bureau Of Economic Research
Friday, August 30, 2019
The decentralized structure of the Federal Reserve System is evaluated as a mechanism for generating and processing new ideas on monetary and financial policy.
Analysis and Commentary

Two Poems By David R. Henderson

by David R. Hendersonvia EconLog
Thursday, August 29, 2019

I gave a talk last night to approximately 80 members of the local Lincoln Club, a group within the Republican Party of California. The topic was “President Trump’s Economic Policies: A Balanced Assessment.

Interviews
Interviews

Richard Epstein: Obama Checked On Campus: (Part 01): & What Is To Be Done?

interview with Richard A. Epsteinvia The John Batchelor Show
Thursday, August 29, 2019

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Farewell To Title IX’s Kangaroo Courts."

Interviews

Richard Epstein: Obama Checked On Campus: (Part 02): & What Is To Be Done?

interview with Richard A. Epsteinvia The John Batchelor Show
Thursday, August 29, 2019

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Farewell To Title IX’s Kangaroo Courts."

Interviews

Dropouts & Outliers. Lanhee Chen Talks To A&G

interview with Lanhee J. Chenvia Talk 650 KSTE
Thursday, August 29, 2019

Hoover Institution fellow Lanhee Chen weighs in on the path towards the 2020 presidential election.

Interviews

John Yoo: Former FBI Director Comey Dodges Prosecution, Seeks Apology From Critics

interview with John Yoovia Fox News
Friday, August 30, 2019
Hoover Institution fellow John Yoo talks about the Department of Justice's decision not to prosecute former FBI Director Comey for leaking memos.
In the News
In the News

Experts: ‘Math Guy’ Andrew Yang’s Calculations For Universal Basic Income Are Pretty Far Off

quoting John F. Cogan, Timothy Kanevia The Federalist
Thursday, August 29, 2019
Entrepreneur and Democratic presidential candidate Andrew Yang has taken us all by surprise with his growing fan base and tie-less debate attire. On social media, he’s coined phrases like #YangGang and created viral apparel that says “MATH.”
In the News

Red California

quoting Victor Davis Hansonvia OpsLens
Thursday, August 29, 2019
“Daddy, let’s say hi to that guy!” my five-year-old chirped as my husband bumped down the road in our golf cart. My husband glanced over to see an older man watering his front yard with a hose.
In the News

On Targeting The Price Of Gold

quoting Thomas J. Sargentvia CATO
Thursday, August 29, 2019

Thanks to President’s Trump’s picks for prospective Fed Board nominees, the subject of gold price targeting (or a gold “price rule”) is getting attention once again.

In the News

Like The Empire Itself, The British Pound Is Not What It Used To Be

quoting Niall Fergusonvia KCRW
Thursday, August 29, 2019
The British pound sterling is the oldest currency still in use in the world, dating to the time when Britain was little more than a collection of warring fiefdoms regularly plundered by Vikings.
In the News

Lindsey Burke: Universal School Choice Is Needed – Your Address Shouldn't Limit Your Child’s Future

quoting Williamson M. Eversvia Fox News
Friday, August 30, 2019
What social institutions have the most immediate and strongest impact on a child’s development and well-being? According to researchers for the Pew Charitable Trust’s Economic Mobility Project, it’s the child’s family circumstances, with schools ranking as the second-most important factor.
In the News

The Fed’s Decentralized System And The Spread Of Economic Ideas

quoting Michael D. Bordovia Wall Street Window
Thursday, August 29, 2019
When it comes to monetary policy, the popular commentary discusses the Federal Reserve System as a monolithic interest rate machine, raising and lowering rates to stabilize (or destabilize) the macroeconomy. More observant Fed watchers think of its big players, recognizing conflict among the voting members of the Federal Open Market Committee (FOMC). In that framing, monetary policy comes down to a battle between hawks and doves.
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In the News

Condoleezza Rice And Phillip Zelikow To Speak At AU About Upcoming Book Release

mentioning Condoleezza Ricevia The Eagle
Thursday, August 29, 2019
Former Secretary of State Condoleezza Rice will speak in Bender Arena on Sept. 12, along with co-author Dr. Phillip Zelikow to discuss the release of their book, “To Build a Better World,” the Kennedy Political Union announced on Thursday.
In the News

Austin Chamber To Honor Admiral Bobby Inman, Pike Powers

mentioning Bobby Inmanvia Patch
Wednesday, August 28, 2019
The Austin Chamber will be hosting the Austin Technology Incubator's George Kozmetsky Lifetime Achievement Awards Luncheon honoring Admiral Bobby Inman and Pike Powers on Friday, Aug. 30.