Hoover Daily Report
Featured
Featured

The House Is Trying To Limit Trump’s Power. It Could Leave Him With Even More

by John Yoovia The Washington Post
Friday, May 10, 2019

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.

Featured

Financial Inflation?

by John H. Cochrane via Grumpy Economist
Friday, May 10, 2019

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."

FeaturedFeatured

Area 45: Japan’s New Emperor With Michael Auslin

interview with Michael R. Auslinvia Area 45
Thursday, May 9, 2019

Japan’s new emperor and empress and the continuation of a centuries-old tradition.

Featured

Davenport: ‘War Metaphor’ Warps US Policymaking

Friday, May 10, 2019
Hoover Institution, Stanford University

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.

News
Louis Armstrong visits with Radio Liberty reporters
Featured

Swinging With Freedom: Radio Free Europe/Radio Liberty And The Power Of Jazz

via The Hoover Centennial
Friday, May 10, 2019

Western music, and jazz in particular, became a popular form of resistance against the Communist regimes, especially in Eastern Europe.

Analysis and Commentary
Analysis and Commentary

In Ukraine, A Funny Thing Happened On The Way To The Voting Booth . . .

by Markos Kounalakisvia Miami Herald
Thursday, May 9, 2019

A funny thing happened on the way to the polling booth in Ukraine. Citizens chose a comedian to be their next president. No joke.

Analysis and Commentary

Armen Alchian's Economic Forces At Work

by David R. Hendersonvia The Library of Economics and Liberty
Thursday, May 9, 2019

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.

Interviews
Interviews

Richard Epstein: FTC Duns Facebook For $5 Billion & What Is To Be Done? (Part 1)

interview with Richard A. Epsteinvia The John Batchelor Show
Thursday, May 9, 2019

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "The FTC Unfriends Facebook."

Interviews

Richard Epstein: FTC Duns Facebook For $5 Billion & What Is To Be Done? (Part 2)

interview with Richard A. Epsteinvia The John Batchelor Show
Thursday, May 9, 2019

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "The FTC Unfriends Facebook."

Interviews

John Yoo On Donald Trump Jr.'s Subpoena

interview with John Yoovia CNN
Friday, May 10, 2019

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.

Interviews

John Yoo: The Democratic Overreach Against Barr And Trump

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.

In the News
In the News

Raghuram Rajan: Working On Thin Files

featuring Raghuram Rajanvia Euromoney
Thursday, May 9, 2019
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.”
In the News

Open Borders Advocates Are Getting The Open Border They Want

quoting Victor Davis Hansonvia American Thinker
Thursday, May 9, 2019
On sheer volume, open-borders advocates are in the catbird seat, getting exactly the open borders they have effectively been calling for.
In the News

Dems Claim 'Constitutional Crisis' Over Faux Scandal

quoting Victor Davis Hansonvia The Patriot Post
Thursday, May 9, 2019

“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.

In the News

McMaster: China's Treatment Of Detained Canadians Telling

quoting H. R. McMastervia Fox News
Thursday, May 9, 2019
Former U.S. national security adviser H.R. McMaster said Thursday China's treatment of two detained Canadians is a telling example of how China is a threat to the liberal international order.
In the News

A Rothschild Flew The Nest And Still Became Fabulously Rich

quoting Niall Fergusonvia Bloomberg
Friday, May 10, 2019

Four decades ago, Jacob Rothschild did something crazy. After a family falling out, he turned his back on the riches of Europe’s biggest banking dynasty to pursue his own interests.

In the News

The Left’s Utopian Health Care Promises

quoting Charles Blahousvia Galen Institute
Thursday, May 9, 2019
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.
In the News

Rebuilding Social Capital In Trump Country

quoting Harvey C. Mansfieldvia The American Conservative
Thursday, May 9, 2019

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.