Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

What Caused The Crisis?

by Peter M. Robinson with John B. Taylorvia Forbes
Friday, February 13, 2009

Before deciding what to do about the worst economic crisis in more than three decades, policymakers ought to have answered one question: What caused it?...

In the News
In the News

G-7 Takes ‘Back Seat’ as Crisis Pushes G-20 to Fore

with John B. Taylorvia Bloomberg
Friday, February 13, 2009

The Group of Seven, whose finance chiefs convene this weekend in Rome, is ceding its traditional power to rebuild the world economy to a broader body of governments that now wield greater sway over global growth...

In the News

Tufts dean to be named envoy to N. Korea

with Thomas H. Henriksenvia Boston Globe
Friday, February 13, 2009

Having recently returned from a fact-finding trip to North Korea, Stephen W. Bosworth, dean of the Fletcher School of Law and Diplomacy at Tufts University, will have little time to unpack his bags in Medford before heading back to the region - this time as President Obama's special envoy to North Korea, according to administration officials...

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Madness, Thy Name Is 'Stimulus'

with Robert J. Barrovia American Thinker
Friday, February 13, 2009

Underscoring the extreme folly of ensnaring generations of future Americans in ever more crushing taxation and debt to pay for the so-called "stimulus" bill, Citizens for Common Sense and Accountability titled its opposition to the plan "Stop the Stimulus Madness!"...

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A Bold Fresh Flat Tax Proposal for New Zealand

by Alvin Rabushkavia Flat Tax
Thursday, February 12, 2009

On February 10, 2009, former finance minister and current finance spokesman for the ACT political party in New Zealand, Sir Roger Douglas, introduced a bold fresh flat tax plan...

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Here comes inflation

by Russell Robertsvia Cafe Hayek
Thursday, February 12, 2009

Greg Mankiw notes that deflation worries have subsided and points to this chart showing that inflation-adjusted Treasuries (blue line) no longer have a higher yield (anticipating deflation) than unadjusted Treasuries:...

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Outside View: Getting to nuke zero

with William J. Perry, George P. Shultzvia United Press International
Thursday, February 12, 2009

Mohamed ElBaradei proposes a five-point plan to eliminate nuclear weapons...

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'Historic' Stimulus Is Egregious Waste

with Robert J. Barrovia Investor's Business Daily
Thursday, February 12, 2009

The old quip that no one should watch while laws or sausages get made is true — especially with this Congress...

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One Last Push to Save Manas Air Base

with Michael McFaulvia Washington Independent
Thursday, February 12, 2009

The Washington Times reports that the Obama administration is sending a high-level delegation to Moscow to save access to a key air base for the Afghanistan war...

In the News

Why is Obama Reluctant to Kill the Zombie Banks Threatening Our Economy?

with Niall Fergusonvia Huffington Post
Thursday, February 12, 2009

The battle lines over how to deal with the banking crisis have been drawn...

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The Globe's Emerging Middle Classes

with Larry Diamondvia Pew Research Center
Thursday, February 12, 2009

As economically developing countries grow prosperous, their middle classes understandably become more satisfied with their lives...

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Becker: Stimulus Will Have Little Impact

with Gary S. Beckervia NewsMax
Thursday, February 12, 2009

The big stimulus bill in Congress now won’t help much the economy much, says Nobel laureate and economist Gary Becker...

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New York Law Journal review cheers "Home Run" bio-pharma tome

with F. Scott Kieffvia SmartBrief.com (DC)
Thursday, February 12, 2009

When PLI published Kaye Scholer LLP's treatise Pharmaceutical and Biotech Patent Law, the Institute knew it had a winner on its hands...

In the News

Keeping love alive — despite a layoff

with Gary S. Beckervia MSNBC
Wednesday, February 11, 2009

Jim and Renee Fellows, who have been married for 20 years, won’t be going out for a romantic dinner this Valentine’s Day...

In the News

Demand Side Voodoo Economics

by Robert J. Barrovia Economist's Voice
Sunday, February 1, 2009

Robert Barro, Paul W. Warburg Professor of Economics at Harvard, questions the plausibility of large fiscal stimulus estimates...