Hoover Daily Report
Featured
Featured

Why It’s Not As Simple As “Breaking Up Big Tech”

by Niall Fergusonvia Prospect Magazine
Friday, December 14, 2018

Is big tech too big? In the past year, interest has grown in the idea that the giants of Silicon Valley have morphed into monopolies. Tim Wu of Columbia Law School argues they should be broken up: Facebook should relinquish Instagram and WhatsApp; Google should give up YouTube and DoubleClick; Amazon should spin off Amazon Web Services. Such arguments have ceased to be the preserve of progressives. Even President Donald Trump is said to have “wondered aloud if there may be any way to go after Amazon with antitrust or competition law.”

The Federal Reserve
Featured

Fed Tightening? Not Now

by Stanley Druckenmiller, Kevin Warshvia The Wall Street Journal
Sunday, December 16, 2018

The central bank should pause its double-barreled blitz of higher interest rates and tighter liquidity.

Featured

Remembering President George H. W. Bush With Chase Untermeyer And Andrew Ferguson

interview with Andrew Ferguson, Chase Untermeyervia Uncommon Knowledge
Monday, December 17, 2018

Former speechwriters and a former ambassador join together to remember the legacy of President George H. W. Bush.

Featured

The Globalist Mindset: They Hate You

by Victor Davis Hansonvia American Greatness
Sunday, December 16, 2018

Against what or whom is the contemporary Western public pushing back? The French non-Parisians against new green taxes on already unaffordable gasoline? Broke southern European Union nations against the financial demands of German bankers? The Eastern Europeans against French and German open-border mandates?

Analysis and Commentary
Analysis and Commentary

College Bloat Meets ‘The Blade’

by Tunku Varadarajanvia The Wall Street Journal
Friday, December 14, 2018

Mitch Daniels, America’s most innovative university president, tells how he’s kept tuition from rising and how acquiring Kaplan University will expand educational access.

Analysis and Commentary

Democracy, Deliberation, And The Internet

by Bruce Thorntonvia Front Page Magazine
Monday, December 17, 2018

The insidious power of the sophist and demagogue in our 24/7 virtual world.

Analysis and Commentary

A Biden-Romney Ticket? Say It Ain't So, Joe

by Bill Whalenvia Forbes
Sunday, December 16, 2018

For a guy who hasn’t indicated what his plans will be in 2019 and beyond, Joe Biden’s a done a good job of staying in the news. This very early Iowa poll has Biden as the frontrunner in that caucus state (the same poll, done in late 2014, had Jeb Bush in the pole position).

Analysis and Commentary

Don’t Let Brexit Take The Tory Out Of Tolkien

by Niall Fergusonvia Boston Globe
Monday, December 17, 2018

You really know your political career is in trouble when people start comparing you to Gollum. Poor Theresa May was on the wrong end of some Tolkien-inspired satire last week, when the actor Andy Serkis released a spoof video with the title “LEAKED: Footage from Inside No. 10 Downing Street!” Serkis, who played Gollum in Peter Jackson’s film adaptations of “The Lord of the Rings,” had the inspired idea of combining the characters of Britain’s prime minister and Tolkien’s cadaverous, covetous, conflicted villain.

Analysis and Commentary

John Horgan On Mind-Body Problems

by Russell Robertsvia EconTalk
Monday, December 17, 2018

Science journalist and author John Horgan talks about his book, Mind-Body Problems, with EconTalk host Russ Roberts. Horgan interviewed an array of scientists, philosophers, and others who have worked on consciousness, free-will, and what it means to be human.

Analysis and Commentary

Parents Satisfied With Florida Tax-Credit Scholarship Program

by Paul E. Petersonvia The Education Exchange
Monday, December 17, 2018

The Florida Legislature created the Florida Tax Credit Scholarship Program in 2001. Last year, scholarships from the program were awarded to a total of 108,098 students to attend private schools in the state.

Interviews
Interviews

Richard Epstein On The John Batchelor Show (Part 1)

interview with Richard A. Epsteinvia The John Batchelor Show
Saturday, December 15, 2018

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Beware Of The Big-Government Right."

Interviews

Richard Epstein On The John Batchelor Show (Part 2)

interview with Richard A. Epsteinvia The John Batchelor Show
Saturday, December 15, 2018

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Beware Of The Big-Government Right."

Interviews

Lanhee Chen: How The Huawei Scandal Impact Can Trade Talks

interview with Lanhee J. Chenvia Bloomberg
Thursday, December 13, 2018

Hoover Institution fellow Lanhee Chen discusses  the dynamics between the US and China, whether the trade tensions could last until the 2020 election, and how the Huawei drama is weighing on the negotiations. 

Interviews

Bob Murphy Conversation With David Henderson

interview with David R. Hendersonvia The Bob Murphy Show
Friday, December 14, 2018

Hoover Institution fellow David Henderson discusses his recruitment by Harold Demsetz, and how Henderson ended up at UCLA during its glory days. The conversation turns to Henderson's time on the Council of Economic Advisers to Ronald Reagan, as well as Henderson’s position as a professor at the Naval Postgraduate School while he was a columnist for Antiwar.com.

Interviews

John Yoo On The John Batchelor Show

interview with John Yoovia The John Batchelor Show
Friday, December 14, 2018

Hoover Institution fellow John Yoo discusses his National Review article "More on the Free-Exercise Clause and Religious Exemptions."

Interviews

John Yoo: Mueller’s New Documents Actually Prove Flynn’s Innocence

interview with John Yoovia Fox Business
Friday, December 14, 2018

Hoover Institution fellow John Yoo discusses how Michael Flynn’s legal team alleged that the FBI pushed Flynn not to have an attorney present during questioning.

In the News
The Supreme Court
In the News

Challenging Judges' Orders, Trump Aims To Enlist Supreme Court

quoting Michael McConnellvia US News
Friday, December 14, 2018

President Donald Trump's administration asked the U.S. Supreme Court this week to suspend nationwide orders by federal judges blocking two of his major policies in an unusual step but one in line with an aggressive White House litigation strategy.

In the News

Do Away With Farm Loan Waivers: Raghuram Rajan

featuring Raghuram Rajanvia Economic Times (India)
Saturday, December 15, 2018

Former Reserve Bank of India governor Raghuram Rajan Friday stressed on the need to do away with farm loan waivers citing “enormous” problems for state finances and investment at a time when the Congress takes the helm in states it has won elections in based on its promise of waiving such loans, especially Chhattisgarh.

In the News

25 Million Applying For 90,000 Railway Vacancies Shows We Don't Have Enough Jobs: Raghuram Rajan

featuring Raghuram Rajanvia Business Today
Monday, December 17, 2018

Rajan further said that the three biggest problems for the Indian economy currently are the agrarian distress, the ailing power sector and the crisis in the banking system.

In the News

Jerry Brown Leaves California With $100B Train Debt, As Texas Pursues Its Own Rail Boondoggle

quoting Lee Ohanianvia Forbes
Friday, December 14, 2018

California Governor-elect Gavin Newsom (D) will have to deal with a financial mess left behind by outgoing Governor Jerry Brown (D). It’s not just the trillion dollar unfunded pension liability that has metastasized during the Brown administration. Another one of the major challenges that Newsom will confront as chief executive of the world’s fifth largest economy is what to do with the high-speed rail project that Governor Brown has kept on life support and which has been described as “one of the biggest public policy failures in the state’s history.”

In the News

Fears About The Economy Shouldn’t Keep You Out Of The Stock Market

quoting Steven J. Davisvia MarketWatch
Friday, December 14, 2018

You’re kidding yourself if you think uncertainty about the economy is unusually high right now. And you’re doubly kidding yourself if you think current uncertainty is a reason not to invest in the stock market.

In the News

Weekly Commentary: The Perils Of Inflationism

quoting Melvyn B. Kraussvia Seeking Alpha
Sunday, December 16, 2018

Financial Times (Chris Giles and Claire Jones): "When the European Central Bank switches off its money-printing press at the turn of this year and stops buying fresh assets, it will mark the end of a decade-long global experiment in how to stave off economic meltdowns. Quantitative easing, the policy that aims to boost spending and inflation by creating electronic money and pumping it into the economy by buying assets such as government bonds, is on the verge of becoming quantitative tightening. 

In the News

'Billionaire Boys Club': The Challengers Lining Up To Face Trump In 2020

quoting Bill Whalenvia The Guardian
Sunday, December 16, 2018

The last opponent Trump expects to face in the 2020 election is someone even richer – but Tom Steyer, Michael Bloomberg and Howard Schultz have all hinted at running.

In the News

Druckenmiller Urges Fed To Pause Tightening `Blitz' In WSJ Op-Ed

quoting Kevin Warshvia Yahoo Finance
Sunday, December 16, 2018

Billionaire investor Stan Druckenmiller urged the Federal Reserve to pause its “double-barreled blitz” of higher interest rates and tighter liquidity when economies are slowing and markets are falling, in an opinion piece in Sunday’s Wall Street Journal. “We believe the U.S. economy can sustain strong performance next year, but it can ill afford a major policy error, either from the Fed or the rest of the administration,” wrote Druckenmiller and Kevin Warsh, a former member of the Federal Reserve Board.

In the News

Economic Manifesto Released In India

quoting Raghuram Rajanvia Tehran Times (Iran)
Sunday, December 16, 2018

Top Indian economists, including former Reserve Bank of India governor Raghuram Rajan, have released an economic manifesto for India, meant to spur debate and discussion.