Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Andrew Mccarthy’s Distortion Of The Corker Bill (And The Constitution)

by Jack Goldsmithvia Lawfare
Saturday, April 18, 2015

As things stand today, the only way for Congress to prevent the President from waiving statutory sanctions against Iran is to pass a law over his veto that withdraws the waiver authority it gave him in the past. All the Corker Bill does is to freeze the President’s waiver authority for 30-42 days so that Congress can determine if it wants to remove the President’s waiver authority.

Analysis and Commentary

The Meaning Of Their Service

by General Jim Mattisvia Wall Street Journal
Friday, April 17, 2015

A retired four-star Marine Corps general on the clarifying effect of combat experience, the poison of cynicism and how veterans can help revive American optimism.

Analysis and Commentary

Consumption-Based Model And Value Premium

by John H. Cochranevia Grumpy Economist
Monday, April 20, 2015

Sure, the consumption-based model won't work at a 5 minute interval. But is there some essence of truth in it, that stocks which fall more in business cycles, as measured by consumption, must pay a higher rate of return?

Analysis and Commentary

There Is Another Russia Beyond Putin

by Timothy Garton Ashvia The Guardian
Sunday, April 19, 2015

Despite the Russian president’s popularity, hopes remain of a post-imperial state at ease with itself and its neighbors.

Analysis and Commentary

Mankiw's Textbook On Determinants Of Demand Elasticity

by David R. Hendersonvia EconLog
Sunday, April 19, 2015

I like the book, which is why I use it, but each time I use it, I find things that are off. In a section on determinants of elasticity of demand, Mankiw lists four. The first is "Availability of Close Substitutes." The third is "Definition of the Market."

Law and Justice
Analysis and Commentary

Judith Miller Recants; Where's The Media?

by Peter Berkowitzvia Real Clear Politics
Saturday, April 18, 2015

In “The Story: A Reporter’s Journey,” which hit book store shelves Tuesday, April 7, former New York Times reporter Judith Miller revealed in the final chapter that she now believes that she was induced by then-Special Counsel Patrick J. Fitzgerald to give false testimony in the 2007 trial of I. “Lewis” Scooter Libby, former chief of staff to Vice President Dick Cheney.

teacher and student
Analysis and Commentary

Teacher Layoffs Are Coming, And It’s The Great Recession’s Fault

by Michael J. Petrillivia Education Next
Sunday, April 19, 2015

Forty-eight states experienced declines over the last six years, but some drops were nearly cataclysmic. Note the dramatic reductions in some southern and western states, which were particularly hard hit by the housing bust and/or the recession itself.

Analysis and Commentary

Secretary Of Defense Ashton Carter To Give Drell Lecture, Focus On Cybersecurity And Innovation

featuring Ash Cartervia Center for International Security And Cooperation - Stanford
Thursday, April 16, 2015

Secretary of Defense Ashton B. Carter will deliver CISAC's annual Drell Lecture at Stanford University next Thursday, giving a major speech to unveil the Pentagon's updated policies on innovation and cybersecurity.

an image
Analysis and Commentary

Substitution In Nicotine Consumption

by David R. Hendersonvia EconLog
Friday, April 17, 2015

If the FDA regulates, it will not be to make e-cigarettes more available. It will be to make them more costly, either in terms of accessibility or in terms of price, or both. If so, the FDA regulation will slow this healthy substitution away from more-toxic substances.

Analysis and Commentary

Taking On Robert Reich And The Myth Of The 'Non-Working Rich'

by Paul R. Gregoryvia Forbes
Thursday, April 16, 2015

In his Huffington Post essay The Rise of the Working Poor and the Non-Working Rich, Robert Reich complains that: “America’s legendary ‘self-made’ men and women are being fast replaced by wealthy heirs…” Reich’s proposed remedy: raising taxes on the rich, especially inheritance taxes.

Analysis and Commentary

The Dirt On Earth Day: Chemophobia Masquerading As Environmentalism

by Henry I. Miller, Kavin Senapathyvia Forbes
Monday, April 20, 2015

The fear of pesticides that began a half century ago has degenerated into full-blown chemophobia today. Although “Every Day Is Earth Day” is etched into the American psyche as a benevolent mantra, it is useful to examine some of the motivations, actions and outcomes found under the banner of environmentalism.

Analysis and Commentary

Fear Of Doctors, Vaccines In California And Around The World

by Markos Kounalakisvia Sacramento Bee
Saturday, April 18, 2015

Modern society deeply depends on doctors. Which is why recent international reactions against doctors – from mistrust to outright attack – represent a disturbing trend that can not only lead to an immediate threat to global health workers but also precipitate that all-feared outbreak of an uncontrollable epidemic.
 

Interviews
Interviews

Victor Davis Hanson On WIBC

interview with Victor Davis Hansonvia Garrison (WIBC)
Friday, April 17, 2015

Hoover fellow Victor Davis Hanson discusses Hillary Clinton, her background, and her campaign for president.

In the News
In the News

Scott Sumner On Interest Rates

by Russ Robertsvia EconTalk
Monday, April 20, 2015

Scott Sumner, of Bentley University talks with EconTalk host Russ Roberts about interest rates. Sumner suggests that professional economists sometimes confuse cause and effect with respect to prices and quantities.

Hoover senior fellow Richard Epstein
In the News

My Friend Richard

featuring Richard A. Epsteinvia Ricochet
Friday, April 17, 2015

Any time I talk with a young person who has every jot and tittle of his life planned out until the day he retires (this is especially common among the kind of sociopaths who have political ambitions), I always gently advise them that it’s generally more important to have a direction than a plan.

In the News

Genetic Technology And Its Potential For Good And Evil

by Henry I. Millervia Wall Street Journal
Monday, April 20, 2015

We don’t need a moratorium. We need to push the frontiers of medicine to cure more patients.

In the News

Just How Leaky Is the Fed? More Than You May Realize

quoting Allan H. Meltzervia Bloomberg
Monday, April 20, 2015

The Federal Reserve is once again confronting uncomfortable questions about possible leaks. So far little has come to light about who might have passed details of a 2012 Federal Open Market Committee meeting to a newsletter that caters to hedge funds.

In the News

Praise And Skepticism As One Executive Sets Minimum Wage To $70,000 A Year

quoting Timothy Kanevia The New York Times
Sunday, April 19, 2015

When Dan Price announced last week that he would cut his own pay and profits to make it possible to raise the minimum wage at Gravity Payments, his credit card processing company in Seattle, to a hefty $70,000 a year, he had little idea of the whirlwind it would stir.