Following the conclusion of the Trans-Pacific Partnership by 12 Pacific Rim countries, debates about the costs and benefits of trade liberalization are intensifying. The early leaders in the United States’ presidential campaign, both the Republican Donald Trump and the Democrat Hillary Clinton, have expressed opposition to the TPP, though as Secretary of State, Clinton called it the “the gold standard of trade deals.”
The justification for US government investment in nuclear small modular reactor (SMR) technology is derived from the environmental, security, and economic policy goals associated with the successful deployment of this disruptive innovation in clean energy. To achieve these goals, the government must develop and execute a set of partnering strategies tailored to the specific conditions and risks faced by each of the key stakeholders: vendors, utilities, and end-use energy customers.
Thursday, October 29, 2015 to Saturday, March 12, 2016
Herbert Hoover Memorial Exhibit Pavilion
A new exhibition, Double Exposure: Russia’s Secret Police under the Last Tsars, is based on one of the most extraordinary collections held in the Hoover Library & Archives: the records of the Paris headquarters of the Russian Imperial secret police, known as the Okhrana. The Okhrana collection, consisting of once-secret files and photographs of many of the most wanted Russian revolutionaries of the early twentieth century...
Hoover Institution fellow David Davenport notes that even utopia has fallen on hard times. While Democratic candidates like Bernie Sanders point to Denmark and its vast welfare state as their ideal, that nation is running on empty. A government commission there recently said they need to cut jobless benefits, after already implementing means testing for welfare support.
In the 1990s, as a result of the overwhelming victory that U.S. military forces and those of their allies achieved over Saddam’s army in the war over Kuwait, a number of military pundits argued that a revolution in military affairs had occurred.
Albert Einstein immigrated to the United States as a refugee from Nazi Germany. This year, millions of Syrians are seeking refuge in neighboring countries in the Middle East and Europe... but do experts support maintaining and perhaps expanding the traditional American openness to nearly one hundred thousand refugees per year?
The Hoover Institution’s Conte Initiative on Immigration Reform conducts a quarterly survey of leading thinkers. Survey Respondents were asked what they would tweet if asked what the responsibility and proper policy response of the United States should be to the Syrian refugee crisis?
Paul Krugman writes that Marco Rubio and other Republican candidates are proposing wildly unaffordable tax cuts whereas the two main Democratic candidates are not. And it is true that unless the Republican candidates get serious about substantially cutting the size and growth of government, the kind of tax cuts many of them envision will lead to even larger deficits than are now projected.
Hoover Institution fellow John Taylor comments on the relationship between the US debt and paying the interest on the US debt. One of the things the US can do to get debt under control is manage the future growth of entitlement spending, so entitlement spending does not outpace the growth of the economy.
In that same spirit, but a bit more elegantly worded, Michael Spence and former Fed governor Kevin Warsh wrote a must-read in Monday’s Wall Street Journal titled, “The Fed Has Hurt Business Investment,” which presciently preceded yet another terrible report on capital investment. The article’s most notable tidbit, from yours truly’s perspective, is that half of earnings in the QE era can be attributed to share buybacks rather than investment in the future.
Hoover Institution fellow and former secretary of state Condoleezza Rice has hit back at Republican presidential candidate Donald Trump for suggesting former President George W. Bush was to blame for 9/11.
Bernie Sanders is the most prominent conspiracy theorist in America. He runs around the country alleging that the economy is “rigged” — a term borrowed from Massachusetts Sen. Elizabeth Warren — by what he calls “the billionaire class.”