Hoover Daily Report
Featured
Featured

The End Of Shareholder Primacy?

by Michael Spencevia Project Syndicate
Monday, August 26, 2019

The recent decision by America's Business Roundtable to abandon its support for shareholder primacy was a long time coming, and reflects a broader shift toward socially conscious investment. Now that the multi-stakeholder model is receiving the attention it deserves, it will be incumbent on governments to create space for it to succeed.

Featured

Andrew Roberts On Churchill And The Craft Of Biography

by Russell Roberts interview with Andrew Robertsvia EconTalk
Monday, August 26, 2019

Historian Andrew Roberts talks about the life of Winston Churchill and the art of biography with EconTalk host Russ Roberts. How did Churchill deal with the mistakes he inevitably made in a long career? Was he prescient or just the right man in the right place at the right time? Was he an alcoholic?

Featured

The Mythical Trump Hydra

by Victor Davis Hansonvia American Greatness
Sunday, August 25, 2019

Many are the hissing heads of the polycephalic Donald Trump—at least according to the progressive Left and the NeverTrump Right, who see the president of the United States as some sort of mythical nightmare. Here are a few of his supposedly monstrous manifestations.

Featured

Why Stop At 100? The Case For Perpetuities

by John H. Cochranevia The Grumpy Economist
Saturday, August 24, 2019

Issue 100-year Treasurys, advocates the Wall Street Journal. It mentions a short note deep on the Treasury website that Treasury’s Office of Debt Management is conducting broad outreach to refresh its understanding of market appetite for a potential Treasury ultra-long bond (50- or 100-year bonds).

Featured

Boot Camp Prepares Students For Policy-Making Roles

Monday, August 26, 2019
Hoover Institution, Stanford University

A look at the 2019 Summer Policy Boot Camp.

News
Analysis and Commentary
Analysis and Commentary

Summers Tweet Stream On Secular Stagnation

by John H. Cochranevia Grumpy Economist
Friday, August 23, 2019

Larry Summers has an interesting tweet stream (HT Marginal Revolution) on the state of monetary policy. Much I agree with and find insightful: Can central banking as we know it be the primary tool of macroeconomic stabilization in the industrial world over the next decade?

Analysis and Commentary

Bump Trump, Keep The Veep? Welcome To The August Rumor Mill

by Bill Whalenvia Forbes
Friday, August 23, 2019

In a week in which President Trump sent mixed messages on tax cuts, Joe Biden struggled with events of 50 years ago (note to his handlers: don’t let him near the fact-challenged Tarantino movie) and China escalated trade tensions, here are three summer plot lines that intrigue – and ultimately may fizzle.

Analysis and Commentary

Higher Education In The EdNext Poll

by Paul E. Petersonvia The Education Exchange
Monday, August 26, 2019

Marty West, the editor-in-chief of Education Next, joins Paul E. Peterson to continue their discussion on the 2019 EdNext Poll, focusing on the public's opinion on higher education.

Analysis and Commentary

How Civil War Ignites

by Angelo M. Codevillavia Military History in the News
Monday, August 26, 2019

On August 10, 1932, General José Sanjurjo, commander of Spain’s army and former commander of its Civil Guard, declared rebellion against Prime Minister Manuel Azaña’s government. The General treated the Prime Minister as a Leftist enemy, and the Prime Minister treated the General as a monarchist enemy. Both were correct. Both were trying to use the government to harm their least favorite causes and people. The rebellion failed. The General was condemned to death, but only exiled. The level of mutual hate was yet insufficient for civil war. That changed.

Analysis and Commentary

Asian Territorial Disputes And The 1951 San Francisco Peace Treaty: The Case Of Dokdo

by Thomas Schwartz, John Yoovia Chinese Journal of International Law
Thursday, August 22, 2019

This Article analyzes whether the 1951 San Francisco Peace Treaty, the only multilateral international agreement that draws borders in East Asia, resolves the longstanding dispute over Dokdo between Korea and Japan. It uses the dispute to draw larger lessons about the nature of the treaty that ended World War II in the Pacific and how it structured the peace in Asia differently from that in Europe. It uses U.S. archival material to reconstruct the history of the making of the Treaty, which continues to be the most significant international legal instrument governing post-WWII Asia.

Analysis and Commentary

Voters In Macau, Hong Kong’s Neighbor, Peacefully Elect A New Chief Executive

by Alvin Rabushkavia Thoughtful Ideas
Sunday, August 25, 2019

On August 25, 2019, Macau’s Election Committee, the territory’s 400 official voters, almost unanimously (392 or 98%) elected Ho Iat-seng, former president of Macau’s Legislative Assembly, as Chief Executive. Ho was the only candidate.

Analysis and Commentary

David Koch, RIP

by David R. Hendersonvia EconLog
Friday, August 23, 2019

David Koch, who died today at age 79, was a generous human being. His generosity ranged from contributions to libertarian projects relatively early in his life to contributions to art and medical research late in his life.

Analysis and Commentary

An Ah Hah Moment While Shopping

by David R. Hendersonvia EconLog
Sunday, August 25, 2019

I think I understand one side of Bernie Sanders. I returned a few minutes ago from shopping at the Lucky Supermarket in Pacific Grove, California. On the shopping list was a particular kind of cheese my wife wanted: Sargento Sharp Cheddar in slices.

Interviews
Interviews

John Cochrane On The Ricochet Podcast

interview with John H. Cochranevia Ricochet
Friday, August 23, 2019

Hoover Institution fellow John Cochrane discusses the possibility of a recession.

Interviews

Michael McConnell On Bound By Oath

interview with Michael McConnellvia Bound By Oath
Monday, August 26, 2019

(2:00) Hoover Institution fellow Michael McConnell discusses the Bill of Rights.

Interviews

Victor Davis Hanson On The John Batchelor Show (Part 1 Of 4)

interview with Victor Davis Hansonvia The John Batchelor Show
Saturday, August 24, 2019

(Part 1) Hoover Institution fellow Victor Davis Hanson explores key facets of warfare, strategy, and foreign policy in the Greco-Roman world.

Interviews

Victor Davis Hanson On The John Batchelor Show (Part 2 Of 4)

interview with Victor Davis Hansonvia The John Batchelor Show
Saturday, August 24, 2019
(Part 2) Hoover Institution fellow Victor Davis Hanson explores key facets of warfare, strategy, and foreign policy in the Greco-Roman world.
Interviews

Victor Davis Hanson On The John Batchelor Show (Part 3 Of 4)

interview with Victor Davis Hansonvia The John Batchelor Show
Saturday, August 24, 2019
(Part 3) Hoover Institution fellow Victor Davis Hanson explores key facets of warfare, strategy, and foreign policy in the Greco-Roman world.
Interviews

Victor Davis Hanson On The John Batchelor Show (Part 4 Of 4)

interview with Victor Davis Hansonvia The John Batchelor Show
Saturday, August 24, 2019

(Part 4) Hoover Institution fellow Victor Davis Hanson explores key facets of warfare, strategy, and foreign policy in the Greco-Roman world.

Interviews

Fireside Chat: Elizabeth Economy And Mary Kay Magistad On 'Made In China 2025'

interview with Elizabeth Economyvia Asia Society
Tuesday, February 5, 2019

Hoover Institution fellow Elizabeth Economy talks about the US-China relationship. 

Interviews

John Yoo On Power Line

interview with John Yoovia Ricochet
Friday, August 23, 2019

(26:25) Hoover Institution fellow John Yoo discusses problems with universities today.

Interviews

Mueller Hearings Recap With John Yoo

interview with John Yoovia The Bill Bennett Show
Saturday, August 3, 2019

Hoover Institution fellow John Yoo discusses the Mueller hearings.

In the News
Photographic portrait of the “Great and Generous Leader,” Joseph Stalin.
In the News

New Book Unravels The Mind Of A Dictator

featuring Frank Diköttervia Outlook India
Saturday, August 24, 2019

In his new literary piece, award-winning academician Frank Dikotter talks about how naked power can be grabbed and held temporarily, but it never suffices in the long term. 

In the News

Condoleezza Rice: To Build A Better World

featuring Condoleezza Ricevia Commonwealth Club
Saturday, August 24, 2019

Dr. Rice provides a thoughtful diplomatic analysis of the last 40 years and details the design for a more peaceful and prosperous world. She draws upon her experience and explains the risk, uncertainty and drama of how states were divided and societies were transformed.

Stanford Oval
In the News

George Shultz, Eight Former Student-Athletes Honored By Stanford Athletics Hall Of Fame

featuring George P. Shultzvia Stanford Daily
Saturday, August 24, 2019

Eight accomplished former student-athletes will be enshrined into the 2019 Stanford Athletics Hall of Fame Class, the athletics department announced on Monday. Former U.S. Secretary of State and long-time Cardinal fan, George Shultz will also be honored with a special recognition.

In the News

Raghuram Rajan Terms Economic Slowdown Very Worrisome, New Set Of Reforms Needed

featuring Raghuram Rajanvia Hindustan Times
Monday, August 26, 2019

Rajan, who was Governor of the Reserve Bank of India from 2013 to 2016 but was denied a second term, also called for a fresh look at the way GDP in India is calculated as he referred to research by Narendra Modi government’s former chief economist Arvind Subramanian about overestimation of growth rate.

In the News

San Francisco Adopts PC Language Instead Of Fighting Crime

quoting Victor Davis Hansonvia California Globe
Sunday, August 25, 2019

San Francisco Supervisors only changed the language to benefit the criminals, ignoring the victims.

In the News

Asking The Correct Questions About Poverty And Slavery

quoting Thomas Sowellvia AEI
Saturday, August 24, 2019

A couple examples below of asking the wrong question. Wrong Question No. 1: What is the cause, explanation, or origin of poverty?

In the News

The Score: Venezuela Crumbles, Communism’s Fall, Designing Liberty, Taxing Writers

quoting Richard A. Epsteinvia Bearing Drift
Saturday, August 24, 2019

In December 2011, I spoke to Professor Epstein about his book, Design for Liberty: Private Property, Public Administration, and the Rule of Law. I also asked him about the development of eminent domain policies in the wake of the Supreme Court’s infamous Kelo decision of 2005. 

In the News

Short Circuit: A Roundup Of Recent Federal Court Decisions

quoting Michael McConnellvia Reason
Friday, August 23, 2019

New on the Bound By Oath podcast: Why oh why did the Supreme Court decline to incorporate the Fourteenth Amendment against the states? That and more from Professors Michael McConnell of Stanford Law and Gerard Magliocca of the Indiana University Robert H. McKinney School of Law.

In the News

Misconceptions Of Real Libertarians

quoting Thomas Sowellvia Being Libertarian
Friday, August 23, 2019

If you’ve been involved within the liberty movement for any considerable amount of time, you have no doubt been accused at some point of not being a real libertarian. Real libertarians are simultaneously common and rare within the movement. They are common enough in that they are always available to point out “fake” libertarians, but are also so rare that few (if any) have made it long without being dropped from the list of real libertarians.

In the News

It’s Getting Harder And Harder For Central Banks To Bail Us Out

quoting Raghuram Rajanvia MoneyWeek
Thursday, August 22, 2019

Central bankers of the world unite to meet at Jackson Hole, in Wyoming, for their annual shindig today. Jackson Hole has gone from being a bit of a talking shop, to being yet another place where investors wait with bated breath to see what policies the likes of the Federal Reserve and the European Central Bank will dream up next.

In the News

Bonus Quotation Of The Day

quoting Thomas Sowellvia AEI
Saturday, August 24, 2019

What gives white privilege a patina of empirical credibility are its statistical comparisons between blacks and whites. However, these statistics are often decontextualized, omitting base rates and key group comparators. As Thomas Sowell points out, “The mere omission of one crucial fact can turn accurate statistics into traps that lead to conclusions that would be demonstrably false if the full facts were known.” Take mortgage approval rates, for example.

In the News

Something Rotten? Trump's State Over Denmark At Heart Of A Madcap Week

quoting Bill Whalenvia The Guardian
Sunday, August 25, 2019

As the president rants about buying Greenland and battling China, some say the TV presidency has finally jumped the shark.

Adolf Hitler, courtesy of the German Federal Archive (Deutsches Bundesarchiv)
In the News

In Brief: Will; The Wall; How To Be A Dictator – Reviews

mentioning Frank Diköttervia The Guardian
Sunday, August 25, 2019

Antwerp under the Nazis, a dystopian near-future Britain and the pathology of dictators.