Hoover Daily Report
Featured
Featured

Trump’s Trade Policy Uncertainty Deters Investment

by Steven J. Davisvia Econbrowser
Monday, August 13, 2018

Donald Trump has upended U.S. trade policy. The particulars include a U.S. pullout from the Trans-Pacific Partnership (TPP), threats to jettison the North American Free Trade Agreement, a refusal to affirm new WTO judges, tariff hikes on steel and other goods, frequent rhetorical attacks on major trading partners, and a wrong-headed obsession with bilateral trade deficits.

Featured

Links: Trade, Housing, Taxes

by John H. Cochranevia Grumpy Economist
Saturday, August 11, 2018

Three interesting links caught my attention today: 1) Prefab housing in Berkeley and Alex Tabarrok Commentary on Marginal Revolution. Imagine a four-story apartment building going up in four days, and from steel. It happened in Berkeley, a city known for its glacial progress in building housing.

Featured

Go Ahead And The Change The Electoral College, But There's Still A Trump Presidency

by Bill Whalenvia Forbes
Sunday, August 12, 2018

There are those Russophobes who’ll forever be convinced that the American election system was compromised and the outcome altered in 2016 – and still others who believe the system is broken and in need of repair.

Featured

Mandatory Mislabeling

by Drew L. Kershen, Henry I. Millervia City-Journal
Friday, August 10, 2018

Bioengineered foods need not be labeled as such unless there are compelling health and safety reasons for doing so.

Analysis and Commentary
Analysis and Commentary

Lira Crash

by John H. Cochranevia Grumpy Economist
Sunday, August 12, 2018

No, a currency board won't save the Lira, contra Steve Hanke's oped in the Wall Street Journal. Steve: Turkey should adopt a currency board. A currency board issues notes and coins convertible on demand into a foreign anchor currency at a fixed rate of exchange. It is required to hold anchor-currency reserves equal to 100% of its monetary liabilities,...

Analysis and Commentary

David Meltzer On The Doctor-Patient Relationship

by Russell Robertsvia EconTalk
Monday, August 13, 2018

Physician David Meltzer of the University of Chicago talks about the power of the doctor-patient relationship with EconTalk host Russ Roberts. Meltzer, who also has a Ph.D. in economics, discusses a controlled experiment he has been running to measure the importance of maintaining the continuity of doctor-patient relationships. Meltzer argues that the increasing use of hospitalists--specialists who take over a patient from the patient's regular doctor once the patient is hospitalized--has raised costs and hurt patients. 

Analysis and Commentary

Effectiveness Of Teaching Practices Depends On Classroom Composition

by Paul E. Petersonvia The Education Exchange
Monday, August 13, 2018

A new study investigates whether teaching practices differ in effectiveness depending on the students in the class. It finds that the impact of good classroom management and student-centered instruction vary depending on whether the students in the classroom are of high ability or of mixed ability.

Analysis and Commentary

Historians Urge Treasury Secretary Mnuchin To Confirm Harriet Tubman On The New 20-Dollar Bill For Upcoming Anniversary Of Women's Suffrage

by Elizabeth Cobbs, Catherine Clintonvia PRNewswire
Wednesday, August 8, 2018

127 professional American historians have signed an open letter to Secretary of the Treasury Steven Mnuchin urging that he commit to plans previously announced to replace President Andrew Jackson on the front of the 20-dollar bill with Harriet Tubman, escaped slave turned abolitionist and Civil War military scout. The redesign was to be unveiled by 2020, the 100th anniversary of the vote for women.

Analysis and Commentary

Tech Giants At The Crossroads: A Modest Proposal

by Jon D. Michaelsvia Aegis
Friday, August 10, 2018

Major technology and social-media companies— think Facebook, Apple, Microsoft, and Google— wield tremendous power. Given their reach, their financial heft, their importance to vast swaths of customers dependent on their goods, services, and platforms, and their ability to influence (if not altogether dictate) transnational public policy, these firms often look and act the part of proprietors, stewards, and even governors of digital public squares.

Analysis and Commentary

Does Valuing All Of A Firm's Stock At The Market Price Badly Understate The Firm's Market Value?

by David R. Hendersonvia EconLog
Saturday, August 11, 2018

No, according to economist Jeffrey Rogers Hummel. In a recent email discussion one economist claimed that we should be wary of measuring a firm’s value by multiplying the number of the firm’s shares by the price per share.

Analysis and Commentary

The Clancy Smith Ludwig Erhard Cigar Story

by David R. Hendersonvia EconLog
Friday, August 10, 2018

One of the advantages of having been involved with free-market ideas for half a century (yikes—I’m getting old!) is that I’ve also become friends with people who were involved even longer, some famous, such as Milton Friedman, and some not famous, such as my mentor at the University of Winnipeg, Clancy Smith.

Analysis and Commentary

Wow!

by David R. Hendersonvia EconLog
Monday, August 13, 2018

In 1932, the American electorate was surveyed in a poll that has languished in the archives. The survey was conducted by Houser Associates, a pioneer in market research. It interviewed face-to-face a representative cross section about voter choices and issue attitudes. Although conducted on behalf of the Hoover campaign, the poll was not biased in his favor.

Interviews
Interviews

Victor Davis Hanson On The Larry O'Connor Show

interview with Victor Davis Hansonvia The Larry O'Connor Show
Tuesday, August 7, 2018

Hoover Institution fellow Victor Davis Hanson discusses his National Review article "The Police Were Not Policed."

Interviews

Richard Epstein On The John Batchelor Show (Part 1)

interview with Richard A. Epsteinvia The John Batchelor Show
Saturday, August 11, 2018

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Harvard’s Asian Exclusion."

Interviews

Richard Epstein On The John Batchelor Show (Part 2)

interview with Richard A. Epsteinvia The John Batchelor Show
Saturday, August 11, 2018

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Harvard’s Asian Exclusion."

Interviews

Ayaan Hirsi Ali On The Firing Line

interview with Ayaan Hirsi Alivia The Firing Line
Friday, August 10, 2018

Hoover Institution fellow Ayaan Hirsi Ali discusses her foundation and how they help women, children, and the most vulnerable members of society.

Interviews

Abbas Milani: Trump Administration Reinstates Sanctions On Iran

interview with Abbas Milanivia Forum with Michael Krasny (KQED)
Wednesday, August 8, 2018

Hoover Institution fellow Abbas Milani discusses what the reimposed sanctions mean for Iran, the US, and our trading partners around the world.

In the News
In the News

Seminars At Steamboat Concludes With Debate Moderated By NPR's Ron Elving

featuring Morris P. Fiorinavia Steamboat Pilot and Today (CO)
Friday, August 10, 2018

The Seminars at Steamboat season concludes Monday with a policy debate between Elaine Kamarck, of the Brookings Institution, and Morris Fiorina, of the Hoover Institution.

In the News

Nobel Laureates Favor Free Trade And Collaboration

quoting Thomas J. Sargentvia CGTN America
Sunday, August 12, 2018

Several Nobel Prize laureates in economics and basic sciences gathered in Beijing to share their views on escalating trade tensions and scientific and technological improvement.

In the News

How Jeff Bezos Hires Great People

quoting Michael Spencevia Forbes
Sunday, August 12, 2018

Amazon’s hiring practices recently had a spotlight moment after a partner at the startup incubator, Y Combinator, tweeted about it. Their guiding principles for hiring are pulled from Amazon’s 1998 shareholder letter, in which Bezos argues that “setting the bar high in our approach to hiring has been, and will continue to be, the single most important element of Amazon.com’s success.”

In the News

In Defense Of The DA's BEE Proposal

quoting Thomas Sowellvia News 24
Monday, August 13, 2018

So, recently the DA’s federal executive announced that, according to them, the policy of Black Economic Empowerment has failed and that it should be replaced by an alternative. Recently I have also read a book, written by Thomas Sowell, on the empirical facts and outcomes of affirmative action policies in the USA, Malaysia, India and Sri Lanka.

In the News

Did The Obama-Xi Cyber Agreement Work?

quoting Herbert Linvia The Diplomat
Saturday, August 11, 2018

Experts generally agree that the Obama administration’s cyber-security policies were a mixed bag. Managing cyber-security was an extraordinarily difficult task, given the novel nature of the technology and the escalating degree of threat. The United States certainly conducted successful offensive operations under Obama, including the Stuxnet attack and possibly certain “left of launch” attacks on North Korean missile programs. 

In the News

Veterans Column: Janet Jones Experiences War First Hand

quoting Elizabeth Cobbsvia Newark Advocate
Saturday, August 11, 2018

No other letters from Janet Jones exist about her service once she arrived in France. However, by looking at her service record and using information from author Elizabeth Cobbs’ book “The Hello Girls, America’s First Woman Soldiers” an accurate picture of what they did can be seen.