President Trump and the House Judiciary Committee are locked in a game of constitutional chicken over executive privilege in which neither appears willing to veer away. Both the White House and Democratic congressional leadership seem eager for litigation. But in standing up against Trump’s far-reaching claims, the House risks suffering a permanent defeat that could leave the presidency even stronger.
Torsten Slok sends this lovely picture of the S&P500 and the price index for portfolio management and investment advice services. Torsten explains that "50% of the decline in core PCE inflation since the peak in July has been driven by financial services, and with the stock market rebounding, we should expect to see the financial services component move higher again."
America’s political leaders no longer deliberate and compromise over the best policy solutions, but instead seek total victory in political battles and wars, all at a great cost to the nation, says Hoover scholar David Davenport.
Alchian’s work spanned a number of disciplines within economics. Though generally thought of as a microeconomist—using economics to explain and predict behavior in individual markets—he also wrote or co-authored important articles on macroeconomics, especially in the areas of inflation and unemployment.
Hoover Institution fellow John Yoo discusses Donald Trump Jr. being subpoenaed to testify in front of the Senate Intelligence committee and what the committee might ask as well as whether Trump Jr. will testify and/or can be compelled to testify.
interview with John Yoovia The John Batchelor Show
Thursday, May 9, 2019
Hoover Institution fellow John Yoo discusses the House Judiciary Committee issuing a contempt citation to the attorney general of the United States because the attorney general has not given the committee the underacted Mueller reports as well as the underlying documents. Yoo notes that the president has a right to keep some of these documents confidential and some of the documents requested cannot be released based on the law. Yoo talks about how this will be resolved.
There was a time, not so long ago, when Raghuram Rajan was branded a Luddite by Lawrence Summers. He laughs about it now. “As an academic or a thinker, if you’re not criticized, then you’re not really doing your job,” he says. “You’re providing anodyne commentary, which everyone can go along with and which upsets no one.”
“Not one of the six Democrats granted access to what amounts to 99.9 percent of volume II of the Mueller report, which details the president’s behavior as it relates to obstruction of justice, have taken the opportunity to examine it,” writes National Review’s Jack Crowe. But according to House Judiciary Committee Chairman Jerry Nadler (D-NY), there’s a “constitutional crisis” after President Donald Trump, at the request of the Justice Department, asserted executive privilege to protect Attorney General William Barr from being held in contempt of Congress. Undeterred, Democrats maintained their vacuous assertion that Barr is hiding something and voted to hold him in contempt anyway.
Democrats have been pulling levers for decades to exert greater and greater government control over our health sector. But the more government gets involved, the more dysfunctional the market becomes. The left now contends that the mess can only be solved with a complete government takeover. They believe their moment has come.
Harvard University Professor Harvey Mansfield begins the editor’s note of his translation of Alexis de Tocqueville’s seminal 19th-century study: “Democracy in America is at once the best ever written on democracy and the best ever written on America.” He is right.