Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

How Government Stoked the Mania

by Russell Robertsvia Wall Street Journal
Friday, October 3, 2008

Many believe that wild greed and market failure led us into this sorry mess...

Analysis and Commentary

Lessons From A Crisis

by Peter M. Robinsonvia Forbes
Friday, October 3, 2008

One of the curious features of the financial crisis of the past few weeks is that almost every lesson we think it has produced, it hasn't...

Analysis and Commentary

Side Effects May Include…

by Henry I. Millervia Forbes
Thursday, October 2, 2008

Turbulent and uncertain markets often elicit a flight to quality stocks and to sectors less likely to be affected...

Hoover fellows testify at congressional hearings
Analysis and Commentary

Dueling Economists: Experts Voice Support for Bailout Bill

by Michael J. Boskin, Robert E. Hall, George P. Shultzvia Wall Street Journal
Wednesday, October 1, 2008

As economists, we write to support the plan before Congress dealing with the financial crisis...

In the News
In the News

Democracy worldwide at virtual standstill

with Larry Diamondvia Daily Vidette at Illinois State University
Friday, October 3, 2008

"My goal is to paint a picture of how the world has been transformed by the dramatic spread of democracy over the past 30 years," Dr. Larry Diamond said in the introduction of his speech "The Spirit of Democracy: The Global Boom, Recession and Renewal."...

In the News

Geoengineering: a real solution to the climate change problem?

with Lowell Woodvia Environmental Research Web (UK)
Friday, October 3, 2008

It may be possible to partially counteract the global warming associated with greenhouse gas emissions using rudimentary climate engineering techniques...

In the News

Private merit pay experiments could improve public schools

with Eric Hanushekvia Detroit News
Friday, October 3, 2008

Politicians often talk about the importance of education, but rhetoric has never educated a single child. Children learn from teachers, which is why Michigan needs high-quality teachers who know their subject and are rewarded for success...

In the News

Government's Role

by Russell Robertsvia Cafe Hayek
Friday, October 3, 2008

Here is my piece in the WSJ on government's role in the mess...

In the News

Time Cover Highlights Depression, But Story Downplays Threat

with Niall Fergusonvia Business and Media Institute (VA)
Friday, October 3, 2008

It’s almost like yelling, “There’s not a fire” in a crowded theater...

In the News

Greenspan Expects Economic Rebound

with Robert E. Hall, George P. Shultzvia Wall Street Journal
Thursday, October 2, 2008

Former Federal Reserve Chairman Alan Greenspan took an optimistic tone on the U.S. economy Thursday, saying that while current conditions represent a rare, “wrenching” financial crisis, he expects the economy to rebound sooner rather than later...

In the News

Time magazine - No Depression?

with Niall Fergusonvia Reuters
Thursday, October 2, 2008

The financial crisis has produced no shortage of news media references to the Great Depression...

In the News

Zoning Toward Oblivion

with Richard A. Epsteinvia RedOrbit (TX)
Thursday, October 2, 2008

Zoning Toward Oblivion How the Supreme Court's decision in Euclid v. Ambler shaped modern America Damon W. Root The Zoning of America: Euclid v. Ambler, by Michael Allan Wolf, Lawrence, Kan.: University Press of Kansas, 208 pages, $3$/$e6.9$ paper ON JUNE 23,2005, the U.S. Supreme Court announced one of its most notorious and divisive decisions in recent memory: KeIo v. City of New London...

In the News

FROM THE RIGHT: THE SPIN BEGINS

with Thomas Sowellvia Santa Ynez Valley Journal (CA)
Thursday, October 2, 2008

The American people are universally fed up — with Congress, both political parties, the administration, the financial institutions, the lenders and loan brokers who were responsible for the subprime loan mess, and with unqualified borrowers who took on the obligations of home ownership and now expect the government to keep them in homes they can’t afford...

In the News

Professors explain economy

with John Shoven, Michael J. Boskinvia Stanford Daily
Thursday, October 2, 2008

Last night, the economics department, the Stanford Institute for Economic Policy Research (SIEPR) and the Graduate School of Business jointly sponsored a discussion on the current financial crisis in the Bechtel Conference Center in Encina Hall...

In the News

Shedding Light

with Niall Fergusonvia Time Magazine
Thursday, October 2, 2008

One of the jobs of politicians in a democracy--and our job too--is to help voters understand complex issues...

In the News

Nuclear weapons: Countdown to zero?

with William J. Perry, George P. Shultzvia UC Berkeley News
Wednesday, October 1, 2008

Despite the financial meltdown, despite the ongoing war in Iraq, despite impending global warming and the energy crisis, the most important issue facing the next president will be nuclear weapons and the increasing chance of a catastrophe worse than Hiroshima...

In the News

Russia Wards Off Financial Crisis, But For How Long?

with Michael S. Bernstamvia Radio Free Europe-Radio Liberty
Sunday, September 28, 2008

Almost exactly 10 years after a devastating market crash that eradicated much of its middle class, Russia is once again in the grip of financial turmoil...