Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Anat Admati profile in the New York Times

by John H. Cochranevia Grumpy Economist
Sunday, August 10, 2014

When she talks, banks shudder. A very nice profile of Anat Admati by Binyamin Applebaum in the New York Times. 

Analysis and Commentary

How to Get America Moving Again

by George P. Shultzvia Wall Street Journal
Friday, August 8, 2014

Adm. Isoroku Yamamoto, who led the Japanese fleet at Pearl Harbor, had spent some time before World War II in the United States. After the attack, he allegedly said, with a sense of foreboding, "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve." Well, the giant is sleeping again. What does it take to wake us up? How many times can we be kicked in the belly before we take notice?

Analysis and Commentary

The Un-Midas Touch

by Victor Davis Hansonvia Works and Days
Sunday, August 10, 2014

Everything that Barack Obama touches seems to turn to dross. Think of it for a minute. He inherited a quiet Iraq (no American combat deaths at all in December 2009). Joe Biden bragged of the calm that it would be the administration’s “greatest achievement.” But by pulling out all U.S. peacekeepers — mostly for a 2012 reelection talking point — Obama ensured an ISIS wasteland. He put his promised eye on Afghanistan at last, and we have lost more soldiers there than during the Bush administration and a Taliban victory seems likely after more than a decade of lost American blood and treasure. The message seems to be that it is better for Obama to have his eye off something than on it.

Analysis and Commentary

Airstrikes, Sure; but What About a Strategy in Iraq?

by Kiron K. Skinnervia Room for Debate (New York Times)
Friday, August 8, 2014

It has been a tragically spectacular year for the Islamic State of Iraq and Syria (ISIS), which has taken control of numerous towns in Iraq and Syria, seized energy assets, targeted religious minorities, unleashed murderous rampages against those who do not subscribe to its tenets, and declared a caliphate.

Analysis and Commentary

In Texas, Wendy vs. the Godmother

by Bill Whalenvia A Day At The Races
Monday, August 11, 2014

Ever since Barack Obama swept his way into the White House, political scribes have talked about Texas — the biggest of Republican states — slowly morphing into a purplish battleground.

Liberty in the United States
Analysis and Commentary

Bringing International Contempt upon America

by Angelo M. Codevillavia Library of Law and Liberty
Sunday, August 10, 2014

Recently, President Obama protested to Vladimir Putin that Russia had been violating the 1987 Intermediate Nuclear Forces in Europe treaty (INF) for the last six years by testing precisely the kind of missile that the treaty prohibits. That protest, as reported by the New York Times, is a textbook lesson in how a government earns the contempt of others.

Analysis and Commentary

Great Moments in Economic Estimation

by David R. Hendersonvia EconLog
Monday, August 11, 2014

"In an attempt to memorize poetry," Irving Fisher wrote in 1926, "Professor Vogt of the University of Christiana found that on days when he drank one and one-half to three glasses of beer it took him 18 per cent longer to learn the lines."

Analysis and Commentary

Education Reform’s Most Urgent Task

by Michael J. Petrillivia Education Next
Monday, August 11, 2014

As Gadfly readers know—from his “farewell address,” if not before—the irreplaceable Checker Finn stepped down as the Thomas B. Fordham Institute’s president last week, handing me the reins and the opportunity of a lifetime. As Checker made clear, he’s not retiring, disappearing, or giving up the fight—just letting go of the day-to-day responsibilities of managing an increasingly complex organization. He will, as he wrote, have more time than ever for troublemaking. American education will be the better for it.

Analysis and Commentary

Was Europe Really Ready for World War I?

by Mark Harrisonvia The Conversation
Friday, August 8, 2014

How prepared were the Great Powers for war in 1914? Too often, this question has been answered by pointing to expectations of a short war, and to muddle and inefficiency in its opening stages. The realities are that most informed people had realistic expectations, and that muddle and inefficiency are intrinsic to war.

Interviews
Interviews

Ed Lazear on The Kudlow Show (84:56)

interview with Edward Paul Lazearvia The Larry Kudlow Show
Saturday, August 9, 2014

Senior Fellow Ed Lazear discussed the economy on the nationally-syndicated Larry Kudlow Radio Show.

Interviews

Bill Whalen on the John Batchelor Show (30:50)

interview with Bill Whalenvia John Batchelor Show
Friday, August 8, 2014

Research Fellow Bill Whalen discussed the mid-terms and his Sacramento Bee piece, “Jerry Brown does have a real political rival – Rick Perry,” on the John Batchelor Show.

In the News
EconTalk
In the News

Barry Weingast on Law

by Russ Robertsvia EconTalk
Monday, August 11, 2014

Barry Weingast, professor of political science at Stanford University and senior fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about the nature of law. Weingast takes issue with some of the standard views of law, and proposes a better way to understand law. The two discuss the fundamental principles of law, how it can emerge in a decentralized way to resolve disputes over property and other commercial and social interactions. Examples include Iceland, Ancient Greece, and California during the gold rush. Also considered are how laws coordinate expectations and the way that social pressure can be used to enforce law in a decentralized fashion.

In the News

Verbatim

quoting Victor Davis Hanson, Kiron K. Skinnervia TribLive
Saturday, August 9, 2014

“(I)f Israel continues on its present course, it will emerge far better off than Hamas and better off than it was before Hamas began its missile barrage. And in the Middle East, that is about as close to victory as one gets. The future for Israel is not bleak, just as it is not bleak for any nation that chooses to defend itself from savage enemies that seek its destruction.”