Hoover Daily Report
Featured
Featured

Tax Reform Has Delivered For Workers

by Gary Cohn, Kevin Hassettvia The Wall Street Journal
Sunday, December 22, 2019

It’s been two years since President Trump signed the Tax Cuts and Jobs Act into law. To the delight of supply-siders, the law contained significant marginal tax rate reductions for individuals and corporations. At the time there was lively debate concerning the likely economic impact of the bill, with opponents pointing to analyses that found little effect from the rate reductions. At the White House, where we worked at the time, we produced analyses that suggested economic growth would surge. 

Featured

Free Trade And Dropping Tariffs

via PolicyEd
Monday, December 23, 2019

Milton Friedman describes why tariffs are bad for consumers but good for special interests. Tariffs are another way of the government telling you that you must buy more expensive products, even if cheaper ones are available. Free trade, on the other hand, means being able to buy goods in the cheapest market.

Featured

Economic Instruments And National Security Goals

by John B. Taylorvia Strategika
Friday, December 20, 2019

In this essay I address the question of whether economic instruments such as tariffs, embargoes, quotas, capital controls, financial sanctions, or asset freezes can achieve national security goals—economic, political, or military—and thereby help avoid international conflict, or even preclude war. The connection between economics and national security is an ancient issue about which people have debated for a long time. Thucydides wrote about the Athenians sending out ships to collect money to finance battles, but the very act of collecting money under force could be counterproductive and lead to war.

Featured

Strategika Issue 61: Tariffs And Embargoes

via Hoover Daily Report
Monday, December 23, 2019

Strategika Issue 61 is now available online. Strategika is an online journal that analyzes ongoing issues of national security in light of conflicts of the past—the efforts of the Military History Working Group of historians, analysts, and military personnel focusing on military history and contemporary conflict.

Analysis and Commentary
Analysis and Commentary

Washington’s Bipartisan Debt Bonanza

by Richard A. Epsteinvia Las-Vegas Review Journal
Monday, December 23, 2019

This past week, President Donald Trump and Congress found once again that, despite all their differences, they could agree on one key issue: an authorization of an increase in spending, in this instance by some $1.37 trillion.

Analysis and Commentary

The Era Of ‘Good’ Fascism?

by Victor Davis Hansonvia American Greatness
Sunday, December 22, 2019

If and when fascism comes to America, it will not arrive with jackboots, stiff arms, and military uniforms. To modern progressives, laws are fluid, to be enforced when they champion the “good,” to be ignored or subverted when they empower the “bad.”

Analysis and Commentary

A White (House) Christmas (Carol)

by Niall Fergusonvia Boston Globe
Monday, December 23, 2019

Mr. Scrump encounters the ghosts of impeachment past, present, and future.

Analysis and Commentary

Come From Away

by Russell Robertsvia Medium
Saturday, December 21, 2019

I recently saw the musical Come From Away for the second time. It’s a musical about 9/11, when 38 planes were re-routed to a small town in Newfoundland, a town called Gander with a population of 9000 because US air space was closed. Suddenly, unexpectedly, 7000 people showed up needing a place to sleep and needing food and phones, love and kindness, and more.

Analysis and Commentary

The Fact We Have Not Yet Decided What To Call This Last Decade Is Telling

by Andrew Robertsvia The Telegraph
Saturday, December 21, 2019

[Subscription required] Decades matter. For all that they logically ought not to, because human events do not move in neat 10-year cycles, they do affect the way we think about the past. For all the clichés flung up by them – the ‘Roaring’ Twenties, ‘Swinging’ Sixties and so on – we tend to measure our history (and often our own lives) in decades. So what will people make of the one now ending, even centuries into the future?

Analysis and Commentary

Empty Gestures On Climate Change

by Bjorn Lomborgvia Project Syndicate
Friday, December 20, 2019

When climate campaigners urge people to change their everyday behavior, they trivialize the challenge of global warming. The one individual action that citizens could take that would make a real difference would be to demand a vast increase in spending on green-energy research and development.

Analysis and Commentary

Joe Posnanski On The Life and Afterlife Of Harry Houdini

by Russell Robertsvia EconTalk
Monday, December 23, 2019

Journalist and author Joe Posnanski talks about his book, The Life and Afterlife of Harry Houdini, with EconTalk host Russ Roberts. Posnanski explores the enduring fame of Houdini who remains an iconic cultural figure almost a century after his death.

Analysis and Commentary

Education Exchange Replay: Fixing The Culture Of Contempt

by Paul E. Petersonvia Education Next
Monday, December 23, 2019

In a new book, Love Your Enemies, Arthur Brooks describes the rise of a “culture of contempt”—a habit of seeing people who disagree with us not as merely incorrect or misguided, but as worthless–and considers what we can do to bridge divides and mend relationships.

Analysis and Commentary

NAFTA 0.0

by David R. Hendersonvia EconLog
Friday, December 20, 2019

“I have long contended that NAFTA was perhaps the worst trade deal ever made,” said President Trump at an October 1, 2018 White House ceremony where he touted its proposed replacement, the United States Mexico Canada Agreement (USMCA). A little over 14 months later, we are close to having the USMCA replace the North American Free Trade Agreement.

Interviews
Interviews

Jack Goldsmith: 'In Hoffa's Shadow' Uncovers An Author's Family Ties To A Mafia Mystery

interview with Jack Goldsmithvia KDLG
Friday, December 20, 2019

Hoover Institution fellow Jack Goldsmith discusses new memoir In Hoffa's Shadow, which is about his stepfather Chuck O'Brien, a close associate of Hoffa's, and about Goldsmith's investigation into O'Brien's alleged role in Hoffa's disappearance.

Interviews

John Yoo: The President's Impeachment

interview with John Yoovia The Federalist Society
Friday, December 20, 2019

Hoover Institution fellow John Yoo discusses the impeachment vote, Trump’s letter, possible Senate trial rules, comparisons to the historic meaning of impeachment, and more.

In the News
Stalin at the Tehran Conference in 1943.
In the News

Stalin And The Fate Of Europe By Norman M Naimark Review – The Postwar Struggle For Power

quoting Norman M. Naimarkvia The Guardian
Saturday, December 21, 2019

European politicians seeking to rebuild their ravaged societies in the immediate aftermath of the second world war had their work cut out for them. The conflict had devastated the continent, leveling cities, destroying economies, and uprooting 40 million people. It had spawned a series of civil wars in which occupiers and collaborators fought resistance movements for control of soon-to-be liberated territories. 

In the News

Impeachment Debate Reflects Growing Partisan Split, Analysts Say

quoting Morris P. Fiorina, Shanto Iyengarvia Newsday
Saturday, December 21, 2019

The House Democratic majority’s vote last week to impeach President Donald Trump — and the Senate Republican majority’s expected acquittal next year — reflect a deep partisan divide in America that research shows has grown to near-peak levels.

In the News

Can The House Block Trump’s Power To Pardon?

quoting Michael McConnellvia The Reality-Based Community
Friday, December 20, 2019

President Trump has now been impeached. Does he retain the power to pardon? Presumably, if he does, he could pardon his alleged co-conspirators–Giuliani, Fruman, Mulvaney, etc.–and thus allow them to lie with impunity without regard to the perjury laws.

In the News

Hoover Presents Preview Of Chiang Ching-Kuo Diaries

mentioning Hoover Institutionvia Taipei Times
Friday, December 20, 2019

Stanford University’s Hoover Institution on Tuesday gave a preview into the personal diaries of former president Chiang Ching-kuo (蔣經國), which are to be open to public viewing starting in February.

In the News

Democrats’ Debates Don’t Matter And Other Commentary

quoting Victor Davis Hansonvia New York Post
Friday, December 20, 2019

Thursday’s Democratic debate was “lively” and “enlightening,” writes Damon Linker at The Week, yet “none of it will matter.” Yes, millions have watched the debates. But: “The effect? Not much.” Shaky performances haven’t cost Joe Biden his lead. Kamala Harris’ big hit on Biden led her to rise briefly — but now she’s out of the race. Elizabeth Warren climbed but has “fallen back.”

In the News

Washington Post Admits Government Spending On Education Hasn't Decreased—Actually, It's Out Of Control

quoting Eric Hanushekvia National Interest
Sunday, December 22, 2019

“The biggest problem plaguing U.S. public schools [is] a lack of resources.” So claims Robert Pianta, dean of the University of Virginia’s Curry School of Education, in an op-ed published last week in The Washington Post. In fact, Pianta asserts, government spending on K-12 education actually has declined since the 1980s.

In the News

A Jungle Airstrip Stirs Suspicions About China’s Plans For Cambodia

quoting Joseph Felter via The New York Times
Sunday, December 22, 2019

The airstrip stretches like a scar through what was once unspoiled Cambodian jungle. When completed next year on a remote stretch of shoreline, Dara Sakor International Airport will boast the longest runway in Cambodia, complete with the kind of tight turning bay favored by fighter jet pilots. 

In the News

Impeachment Debate Reflects Growing Partisan Split, Analysts Say

quoting Morris P. Fiorina, Shanto Iyengarvia Newsday
Monday, December 23, 2019

The House Democratic majority’s vote last week to impeach President Donald Trump — and the Senate Republican majority’s expected acquittal next year — reflect a deep partisan divide in America that research shows has grown to near-peak levels.

In the News

Trump Created The Space Force. Here’s What It Will Actually Do

quoting General Jim Mattisvia WAMU 88.5
Sunday, December 22, 2019

When President Trump signed a $738 billion defense spending bill on Friday, he officially created the Space Force. It’s the sixth branch of the U.S. Armed Services, and the first new military service since the Air Force was created in 1947.

In the News

Addicted To The Sharing Economy

quoting Thomas Sowellvia This Day
Monday, December 23, 2019
“Despite a voluminous and often fervent literature on “income distribution,” the cold fact is that most income is not distributed: It is earned.” – Thomas Sowell
In the News

Trump Administration Officials Worried Ukraine Aid Halt Violated Spending Law

quoting Jack Goldsmithvia Center for Public Integrity
Monday, December 23, 2019

But key details of what they said to one another are again blacked out in documents released to the Center for Public Integrity under court order

In the News

'A Mini-China Story': Vietnam-linked Hacking Group Targets Toyota And Others

quoting Andrew Grottovia Japan Times
Monday, December 23, 2019

A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyberattacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts.

In the News

Is Impeachment Anti-Democratic?

quoting John Yoovia Harvard Political Review
Friday, December 20, 2019

In the months, weeks, and days leading up to the impeachment of President Donald Trump, he and his supporters have claimed for their defense a central pillar of American government: democracy. Impeaching Trump is wrong, they argue, because it is anti-democratic.

In the News

Support For Taiwan's Opposition KMT Plummets In Wake Of Hong Kong Protests

mentioning Hoover Institution, Hsiao-ting Linvia Radio Free Asia
Friday, December 20, 2019

Support for the opposition Kuomintang (KMT), a party that fled to Taiwan in 1949 and still wants it to be part of a "unified" China some day, is at a new low on the democratic island ahead of presidential elections in 2020.