Kevin Hassett, most recently the White House Chairman of the Council of Economic Advisers, has joined the Hoover Institution as a Distinguished Visiting Fellow. Hassett was confirmed in September 2017 as the 29th chairman of the council.
Viewers of the Democratic presidential debates learned quite a bit this week—from Joe Biden’s views of school busing to Marianne Williamson’s plan to defeat President Donald Trump with love. But I’d bet the next president will be consumed by an issue not a single person mentioned: cyber threats.
Hoover Institution fellow Victor Davis Hanson reflects on changes in California he has observed across his lifetime residency in the coastal state. Hanson notes that California might be our first third world state, depending on where you go in California.
Ours is a time of paradoxes. For example: Even as information technology has empowered enormous and open-access social networks, politics in Britain continues to be run by the tiny and exclusive old boy network.
These are dizzy days for monetary economists. Mario Draghi, president of the European Central Bank, gave notice in a June 18 policy speech that his beleaguered shop could cut interest rates even further than it has already if Europe’s economy continues to deteriorate.
The divisions among American conservatives have generally been more evident -- certainly to conservatives -- than the principles that might unite them. President Reagan’s two terms are the exception. The pronounced divisions of today are the rule.
Physician and author Adam Cifu of the University of Chicago talks about being a medical conservative with EconTalk host Russ Roberts. Cifu encourages doctors to appreciate the complexity of medical care and the reality that many medical techniques advocated by experts are not always beneficial or cost-effective. The conversation explores the challenges of finding reliable evidence to support medical interventions and the inherent uncertainty surrounding outcomes.
Wilfred McClay joins Paul E. Peterson to discuss his new book, Land of Hope: An Invitation to the Great American Society, which he describes as a narrative account of the American story that could be used as a high school history textbook.
Corruption of the information ecosystem is not just a multiplier of two long-acknowledged existential threats to the future of humanity – climate change and nuclear weapons. Cyber-enabled information warfare has also become an existential threat in its own right, its increased use posing the possibility of a global information dystopia, in which the pillars of modern democratic self-government – logic, truth, and reality – are shattered, and anti-Enlightenment values undermine civilization as we know it around the world.
Shaping the debate on how to save the military from itself. The first part recognizes what the military has done well in attracting and developing leadership talent. The book then examines the causes and consequences of the modern military's stifling personnel system and offers solutions for attracting and retaining top talent.
Today the world celebrates one of the final centenarian milestones of the Great War, the signing by the victorious Allied Powers and defeated Germany of the Treaty of Versailles, which brought to an end the First World War. Although U.S. President Woodrow Wilson had hoped to conclude a peace based on his “14 Points” speech to Congress delivered on January 8, 1918, the blood debt incurred by the allies made such an idealistic peace impossible. Allied politicians had to justify to their constituencies the slaughter of a generation of young men in the trenches. One way to do this, in their eyes, was to ensure German militarism would never rise again.
Over the last few weeks, I’ve presented evidence that student outcomes in America improved significantly from the late 1990s until the onset of the Great Recession. The progress was greatest and most widespread in math, but also strong in reading, and pretty good in science, writing, U.S. history, and civics. In all of these cases, gains were greatest for the lowest-achieving students, for students of color, and at the fourth and eighth grade levels. With just a few exceptions, the trends for twelfth grade have generally been flat.
Think on the margin. Earlier this month CNBC generated an outrage cycle about money advice by tweeting this story, in which the personal finance professional Suze Orman claimed that buying coffee means “you are peeing $1 million down the drain as you are drinking that coffee.”
And so does CBS. As I mentioned in a post some time ago, I record CBS Sunday morning mainly so I can watch the beautiful nature shots right at the end, but also so I can watch some of the other good segments. I rarely watch the political parts, but when they said, on the June 9 show (which I watched on June 30) that they would interview Jim Acosta of CNN, I was curious. I wanted to see him in a non-threatening environment and see how it came off.
One of my all-time most favorite economists — Thomas Sowell — turns 89 tomorrow, he was born on June 30, 1930. Here is Thomas Sowell’s webpage and here is his Wikipedia entry. Milton Friedman once said, “The word ‘genius’ is thrown around so much that it’s becoming meaningless, but nevertheless I think Tom Sowell is close to being one.”
As I mentioned last month in an homage to one of his regular features, my intellectual hero is Thomas Sowell. Today is Dr. Sowell's 89th birthday. Since turning 80, he has published Intellectuals and Race, Wealth, Poverty, and Politics (with a second revised edition coming a year later), a couple of new editions of his Basic Economics, and Discrimination and Disparities. I read Sowell's memoir, A Personal Odyssey, in one sitting when it came out, and I've never read a Sowell book and thought it a poor use of my time.
The Third Pillar: How Markets and the State Leave the Community Behind is three-part look at how modern nations and markets developed at the expense of community control and solidarity. Authored by Raghuram Rajan, currently a professor at the University of Chicago who grew up in India and headed the Reserve Bank of India from 2013-2016, The Third Pillar argues that national governments in many countries have grown so large that they have increasingly allocated resources and created policies without local input.
On July 4, 1776, a year after the outbreak of the American Revolutionary War, steeple bells rang throughout Philadelphia. John Hancock, President of the Continental Congress, had just signed the document later known as the United States Declaration of Independence.
It’s not often one has the opportunity to undo an original sin. The U.S. Supreme Court recently had that opportunity in Gundy v. United States. Unfortunately, the justices ate of the forbidden apple once again, leaving intact a 1928 ruling and continuing to forfeit some of our rights to self-governance.
Brussels is gearing up for another EU summit. European leaders will meet on Sunday to thrash out a deal over the team that will guide the bloc for the next five years. The power game between the French and German leaders will be key to any breakthroughs. Paris is pushing for French Brexit negotiator Michel Barnier, while Berlin is sticking to their German candidate MEP Manfred Weber.
It’s Thomas Sowell’s birthday on Sunday, and I’ll have a longer birthday post for Dr. Sowell tomorrow. For now, here are ten great quotes from the chapter “Random Thoughts” that appears in Sowell’s 2006 book “Ever Wonder Why? And Other Controversial Essays“:
In May, the US Treasury published a report to Congress on the macroeconomic and foreign exchange policies of major trading partners of the United States. As Stanford economist and Chicago Booth distinguished senior fellow John H. Cochrane noted on his blog, this made clear reference to the possibility of currency manipulation.
As they met with Vladimir Putin in Osaka, Japan, for the G-20 summit, British prime minister Theresa May and President Trump presented sharp contrasts in their public greeting of the Russian president.
The Trump administration deregulation efforts will raise incomes by about $3,100 per household over the next five to 10 years, and sharply reduce prices for consumers, according to a report released Friday by the White House Council of Economic Advisers.
In this Research & Commentary, Matthew Glans examines single-payer health care systems, their many flaws, and outlines why legislators should resist efforts to implement these reforms at both the state and federal level.