Hoover Daily Report
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Hong Kong Umbrella Revolution Collection, Box 2, Hoover Institution Archives
Featured

Why President Trump Must Keep Speaking Out On Hong Kong

by Larry Diamondvia The Hill
Monday, August 19, 2019

Since June 9, Hong Kong—one of the world’s most vibrant commercial and cultural centers—has been repeatedly paralyzed by mass demonstrations to defend that city’s dwindling freedoms. The protests quickly escalated, from hundreds of thousands of people in the streets to an estimated turnout of two million (over a quarter of the entire population), and they have evolved and persisted for over two fraught months.

Featured

Why The Markets Turned Volatile—And Why You Shouldn't Panic

by Lee Ohanianvia The Hill
Monday, August 19, 2019

Financial market volatility has skyrocketed in recent days. The Standard and Poors 500 Index, which consists of the 500 largest, publicly traded corporations, lost 6 percent of its value in May. This was followed by an 8 percent rise in June, but the index was down about 5 percent through August 16 from its July peak. Other stock market indexes recorded similar patterns.

Featured

Trump's Push To Make Health Care Prices More Transparent Is Long Overdue

by Scott W. Atlasvia CNN Business
Monday, August 19, 2019

The Trump administration is trying to institute a dose of free market reform that promises to disrupt American health care. In a flurry of pro-consumer moves, improving price transparency has been at the center of the administration's plan to reduce the cost of health care through competition.

Featured

The New IMF Head Should Not Be Dictated By The Tired, Old, EU Order

by John B. Taylor, Raghuram Rajanvia Financial Times
Sunday, August 11, 2019

[Subscription Required] It is not easy to predict where financial stresses that require alleviation by the IMF will emerge next, or what form the mitigation strategies will take. Almost certainly, though, after a period of extremely easy liquidity and associated leveraging in financial markets, the call on IMF advice and resources will be greater than in the past. Its support will have to take new forms. It will also have to sell economic-policy packages to a governing body from an increasingly multipolar world.

Analysis and Commentary
Analysis and Commentary

Cosmic Injustice

by Victor Davis Hansonvia American Greatness
Sunday, August 18, 2019

Politicians ignore felonies in their midst, preferring to hector the misdemeanors of the universe.

Analysis and Commentary

Law Talk With Epstein, Yoo & Senik: “You Asked”

interview with Richard A. Epstein, John Yoo, Troy Senikvia Hoover Daily Report
Saturday, August 17, 2019

Richard Epstein and John Yoo take questions from podcast listeners.

Analysis and Commentary

Tyler Cowen On Big Business

by Russell Robertsvia EconTalk
Monday, August 19, 2019

Author and economist Tyler Cowen of George Mason University talks about his book, Big Business, with EconTalk host Russ Roberts. Cowen argues that big corporations in America are underrated and under-appreciated. He even defends the financial sector while adding some caveats along the way. This is a lively and contrarian look at a timely issue.

Analysis and Commentary

The Danger Of Climate Doomsayers

by Bjorn Lomborgvia Project Syndicate
Monday, August 19, 2019

We need to solve climate change, but we also need to make sure that the cure isn’t more painful than the disease. Abandoning fossil fuels as quickly as possible, as many environmental activists demand, would slow the growth that has lifted billions of people out of poverty.

Analysis and Commentary

Putting Together The 2019 Education Next Poll

by Paul E. Petersonvia The Education Exchange
Monday, August 19, 2019

Michael Henderson, Research Director, Public Policy Research Lab at the Manship School of Mass Communication, joins Paul E. Peterson to discuss how the 2019 Education Next Poll came together, including methodology and how the sample builds in experiments to best gauge the public's opinion on schools. The 2019 EdNext Poll will be released on Aug. 20, 2019, and available at educationnext.org. 

Analysis and Commentary

Choice Of IMF Managing Director Should Reflect 75 Years Of Change

by John B. Taylor mentioning Raghuram Rajanvia Economics One
Sunday, August 18, 2019

Last week Raghu Rajan and I coauthored an article for the Financial Times. We argued that the IMF should no longer continue the tradition that the Managing Director of the International Monetary Fund be a European. Instead, it should “break the mould by appointing the best possible candidate to the job, regardless of nationality,” and “hold an open competition” for the position.

Analysis and Commentary

Stupid Is As Stupid Does

by Josef Joffevia The American Interest
Friday, August 16, 2019

Donald Trump is right to push for a rebalanced relationship with both China and Europe. But what have tariffs and threats actually achieved?

Analysis and Commentary

Keynes' Understated Criticism Of FDR's New Deal

by David R. Hendersonvia EconLog
Sunday, August 18, 2019

One main component of Franklin Roosevelt’s New Deal was the National Industrial Recovery Act (NIRA), which cartelized hundreds of American industries. If FDR’s goal was, as the name of the act implies, to help industries recovered from the depth of the what would later be known as the Great Depression, the NIRA never made sense. When you cartelize an industry, you cut output and raise prices. With output being so low, you make the situation worse, not better.

Analysis and Commentary

Great Moments In Price Discrimination

by David R. Hendersonvia EconLog
Saturday, August 17, 2019

Below is a quote from a news item in the Washington Post by Casey Quackenbush, August 15, 2019. It’s titled “A Run on Gas Masks: Hong Kong protestors circumvent crackdown on protective gear” and is quoted in Liz Wolfe, “Hong Kong’s Market Is Providing Gas Masks and Protective Gear Despite Government Crackdown,” Reason.com, August 16, 2019.

Analysis and Commentary

Bernie Sanders Didn't Say It

by David R. Hendersonvia EconLog
Sunday, August 18, 2019

When I wrote a review of the excellent Socialism Sucks by Bob Lawson and Ben Powell, I quoted a passage from it that they attributed to Bernie Sanders. It did sound extreme, even for Bernie, and I should have checked.

Interviews
Interviews

Raghuram Rajan: Slate Money: The India Edition

interview with Raghuram Rajanvia Slate
Saturday, August 17, 2019

Hoover Institution fellow Raghuram Rajan talks about about the state of Indian economics and his new book The Third Pillar.

Interviews

Is A Recession Round The Corner? Hear It From Raghuram Rajan, The Man Who Predicted 2008 Correctly

interview with Raghuram Rajanvia CNBC
Monday, August 19, 2019

Hoover Institution fellow Raghuram Rajan, who predicted the 2008 crash correctly, is not too worried about the risks of a potential recession in the US.

Interviews

Jonathan Rodden: Poll Hub: Geography Matters

interview with Jonathan Roddenvia Marist Poll
Friday, August 16, 2019

Hoover Institution fellow Jonathan Rodden discusses his new book, Why Cities Lose: The Deep Roots of the Urban-Rural Political Divide. Rodden also talks about the origins of polarization.

Interviews

Lanhee Chen: Despite Economic Uncertainty, President Trump Doubles Down On Trade Threats

interview with Lanhee J. Chenvia Cheddar
Friday, August 16, 2019

Hoover Institution fellow Lanhee Chen discusses the trade issues between the US and China.

Interviews

Bill Evers On Sunday Morning Newsmakers

interview with Williamson M. Eversvia Sunday Morning Newsmakers with Larry Marino
Sunday, August 18, 2019

Hoover Institution fellow Bill Evers discusses his Wall Street Journal article "California Wants to Teach Your Kids That Capitalism Is Racist."

Interviews

John Yoo: Epstein Lawyers 'Not Satisfied' With Results Of Autopsy

interview with John Yoovia Fox News
Friday, August 16, 2019

Hoover Institution fellow John Yoo discusses Jeffrey Epstein's legal team's challenge to his cause of death.

In the News
In the News

Kashmir — Need For Diplomatic Engineering

quoting Michael McFaulvia The Express Tribune
Sunday, August 18, 2019

There are no easy answers to the Kashmir dilemma. This is because all independence movements have a strange and complicated relationship with the principle of sovereignty. This strange and complicated relationship stems from the two conflicting feelings that it creates — loss and victory.

In the News

What Did You Learn In School Today? Capitalism Is Racist

quoting Williamson M. Eversvia The Business Journal
Friday, August 16, 2019

You might have heard about the controversy generated by a draft of the state’s proposed ethnic studies curriculum, which has managed to draw criticism from educational leaders, Jewish groups, Armenians, Greeks, Hindus and Koreans (to name a few), according to the Los Angeles Times.