Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Seven Greek Economic Teasers

by John H. Cochrane via Politico
Saturday, July 4, 2015

Why does Greece have its own banks when Louisiana does not?

Analysis and Commentary

Greece VS Puerto Rico And What's "Systemic."

by John H. Cochrane via Grumpy Economist
Saturday, July 4, 2015

How is a Greek default different from a Puerto Rican default? Answer: because Puerto Rico doesn't have its own banking system. It can't shut down banks. Banks in Puerto Rico are not loaded up on Puerto Rico debt, so depositors are not in danger if the state government defaults.

World Puzzle
Analysis and Commentary

Is The World Becoming Fed Up?

by Victor Davis Hansonvia Works and Days
Sunday, July 5, 2015

Faster, please: A great pushback is awakening here and abroad, but its timing, nature, and future remain mysterious.

Analysis and Commentary

Wanted: American Exceptionalism In Foreign Affairs

by Richard A. Epsteinvia Washington Times
Wednesday, July 1, 2015

The Obama administration’s single achievement in foreign affairs policy is its wholesale retreat from American exceptionalism. We no longer believe in Pax Americana, rather, we spend more time confessing our sins, and less using our strength.

Analysis and Commentary

Russia's Leaders: Thieves Versus Policemen

by Mark Harrisonvia Mark Harrison's Blog
Monday, July 6, 2015

Yevgeniy Primakov, who has died aged 85, was briefly Russia's prime minister under President Boris Yeltsin. Primakov's early career followed a classic Soviet trajectory: a specialist and postgraduate researcher in foreign afffairs, he became a foreign correspondent, a collaborator with the KGB's foreign service, and an Academician.

Putin
Analysis and Commentary

Putin’s Recipe For Power

by Victor Davis Hansonvia Newsweek
Thursday, July 2, 2015

Russian President Vladimir Putin said something in 2005 that is now commonly footnoted to explain his latest aggressions. Putin was not necessarily lamenting the collapse of Soviet Communism

Analysis and Commentary

Employee Theft

by David R. Hendersonvia EconLog
Monday, July 6, 2015

I was reminiscing today with a friend about jobs we had when we were in high school and college. We had both worked in a kitchen for a big restaurant--he in Philadelphia and I at a resort in Minaki, Ontario where my cottage is.

Analysis and Commentary

The Nasty Greek Outcomes That Democracy Precludes

by Niall Fergusonvia Financial Times
Friday, July 3, 2015

Punches might be thrown. But there will not be a revolution, coup, or civil war.

Analysis and Commentary

California’s Century-Old Initiative Process Requires A Reboot

by Bill Whalenvia Sacramento Bee
Thursday, July 2, 2015

Will Jerry Brown run for the White House in 2016? It seems not. Will we still be calling him “Mister President” in 2017? That depends on one political activist.

A Fourth of July fireworks display at the Washington Monument.
Analysis and Commentary

4 On The Floor For The Fourth

by Bill Whalenvia A Day At The Races
Thursday, July 2, 2015

Quietly (which seems appropriate), it’s been a good year for Calvin Coolidge. America’s 30th President is this year’s choice as the White House Historical Association’s annual Christmas ornament.

Analysis and Commentary

Fracking: The Upside Of Concentrated Beneficiaries

by David R. Hendersonvia EconLog
Saturday, July 4, 2015

When explaining why various subsidy programs, tariffs, import quotas, and domestic restrictions on entry into various industries and occupations exist, public choice economists lean heavily on the concentrated benefits/dispersed costs paradigm.

The Classicist with Victor Davis Hanson:
Analysis and Commentary

The Classicist With Victor Davis Hanson: “Understanding The Greek Mind”

interview with Victor Davis Hansonvia The Classicist
Friday, July 3, 2015

The cultural, political, and economic dynamics that pushed Greece to the edge of a crisis.

Analysis and Commentary

Carter And Obama: How To Fail At Foreign Policy

by Bruce Thorntonvia Front Page Magazine Online
Sunday, July 5, 2015

Who will win the title of worst foreign policy president?

Analysis and Commentary

McArdle On Foreign Intervention And Blowback

by David R. Hendersonvia EconLog
Friday, July 3, 2015

About two weeks ago, I challenged the following brief statement by Arnold Kling: "We can also find this normative analysis among libertarians. Blaming terrorism on blowback for foreign intervention."

Analysis and Commentary

EU Calls Greece's Bluff, Is Athens Going To Fold?

by Paul R. Gregoryvia Forbes
Thursday, July 2, 2015

The lead editorial in today’s Wall Street Journal praised Europe for finally calling Greece’s bluff, noting that European bond markets have largely shrugged off Greece’s nonpayment of its International Monetary Fund (IMF) loan. Europe appears convinced that a Greek departure from the Euro will be manageable.

Analysis and Commentary

Greg Mankiw Makes A Case (Kind Of) For A Competitor's Textbook

by David R. Hendersonvia EconLog
Thursday, July 2, 2015

HINT: The textbook is The Economic Way of Thinking by Heyne, Boettke, and Prychitko.

Analysis and Commentary

The Only Good News About The Fed's Stealing $75,000 In Cash

by David R. Hendersonvia EconLog
Thursday, July 2, 2015

On Tuesday, Lisa Farbstein, an employee of the Transportation Security Administration, tweeted a photo of a bag containing $75,000 in cash.

Analysis and Commentary

When Bureaucrats Get Away With Murder

by Henry I. Millervia Defining Ideas
Wednesday, July 1, 2015

Regulations may be well intentioned, but their costs can be devastating and even life-threatening.

Analysis and Commentary

Filling Greece’s ATMs With Promises

by Markos Kounalakisvia Sacramento Bee
Friday, July 3, 2015

Greece faces one of the most difficult decisions in its modern history today as it heads to the ballot box to vote in a referendum few voters truly understand. Regardless of which way the vote goes, the country will be voting on an assuredly painful future.

Analysis and Commentary

A Way Out For Greece After The "No" Vote

by Charles Calomirisvia e21, Economic Policies for the 21st Century
Sunday, July 5, 2015

The "no" vote in Athens shows that Greek voters want other Europeans to continue to pay for their unsustainable high living -- no news there. The more interesting story is that Greeks want to leave the euro by way of a public choice rather than a market shove.

A cipher message found in the possession of Rudolf Abel (James B. Donovan Collection, Box 7, Folder 53-15)
Analysis and Commentary

New Steven Spielberg Film Starring Tom Hanks Dramatizes A Story Of Espionage From Hoover Archives

Thursday, July 2, 2015

In October 2015, Dreamworks Pictures will release Bridge of Spies, a cinematic thriller based on the life of James Donovan, a lawyer-turned-hostage negotiator whose archive is housed at Hoover Library & Archives. Directed by Steven Spielberg, written by Matt Charman and Joel and Ethan Coen, and starring Tom Hanks, the film tells the story of a Brooklyn-based lawyer who, during the height of the Cold War, undertook the unpopular job of defending suspected Russian spy Rudolf Abel—and then, after Abel was convicted, negotiated the KGB agent’s exchange for an American U2 pilot captured by the USSR.

News
Interviews
Interviews

Santelli Exchange: The Bottom Line For Jobs Featuring Ed Lazaer

interview with Edward Paul Lazearvia CNBC
Thursday, July 2, 2015

Hoover Institution fellow Ed Lazear gives his insight on the health of the June job number.

David Davenport
Interviews

Davenport: Roberts Moves From Umpiring To Batting On Healthcare

by David Davenportvia Townhall
Monday, July 6, 2015

Hoover Institution fellow David Davenport discusses Chief Justice Roberts and the Affordable Care Act.

Interviews

Edward Paul Lazear: Why Is 5.3% Unemployment Not What It Used To Be?

interview with Edward Paul Lazearvia Fox Business
Thursday, July 2, 2015

Hoover Institution Senior Fellow Ed Lazear argues the unemployment rate is not a good metric of the strength of the labor market.

The Arab Spring in Egypt
Interviews

Samuel Tadros On The John Batchelor Show (02:15)

by John Batchelor interview with Samuel Tadrosvia John Batchelor Show
Thursday, July 2, 2015

Hoover Institution fellow Samuel Tadros discusses the stability of Egypt and the growing violence there and in the region.

In the News
In the News

Alvin Roth On Matching Markets

by Russell Robertsvia EconTalk
Monday, July 6, 2015

Nobel Laureate Alvin Roth of Stanford University talks with EconTalk host Russ Roberts about his work on matching markets. Examples include marriage, matching kidney donors to kidney recipients, and students to schools in cities that allow choice in their public school systems.

Condoleezza Rice
In the News

Watch: Condoleezza Rice Performs ‘Amazing Grace’ To Benefit Wounded Warrior Project

featuring Condoleezza Ricevia Breitbart.com
Sunday, July 5, 2015

Former Secretary of State Condoleezza Rice teamed up with world-renowned violinist Jenny Oaks Baker to perform a stirring, instrumental rendition of “Amazing Grace” in celebration of America’s 239th birthday this weekend.

Charles Wolf Jr.
In the News

An Economist Looks In The Mirror

featuring Charles Wolf Jr.via TribLive
Saturday, July 4, 2015

Many who write about public policy publish collections of their work. When they do, far fewer rate how well they think their past work holds up. But Charles Wolf Jr. does just that in his new book, “Puzzles, Paradoxes, Controversies, and the Global Economy”.

In the News

Gerrymandering Didn’t Make Politics This Vicious. But Vicious Politics Will Soon Make Gerrymandering So Much Worse.

quoting Jonathan Roddenvia Washington Post
Thursday, July 2, 2015

It is endlessly suspicious when politicians control the process by which they and their allies are elected.

In the News

Has The IMF Made Mistakes In Greece?

quoting John B. Taylorvia Financial Review
Friday, July 3, 2015

A provocative question is being whispered inside the International Monetary Fund's headquarters in Washington and furiously debated in international economy policy circles.

In the News

Graduating Seniors Awarded 2015 Firestone And Golden Medals, Kennedy Thesis Prize

mentioning Amy Zegartvia Stanford News
Thursday, July 2, 2015

Graduating seniors recently received the 2015 Firestone Medal for Excellence in Undergraduate Research, the Robert M. Golden Medal for Excellence in Humanities and Creative Arts, and the David M. Kennedy Honors Thesis Prize for their undergraduate capstone projects.

In the News

Organizational Friction And The Team Of Teams Approach In Afghanistan

mentioning Kori Schakevia War on the Rocks
Friday, July 3, 2015

Kori Schake’s critique of Stan McChrystal’s recently released Team of Teams is right on track. Her suggestion that it would have been enlightening for Gen. McChrystal to have compared his experience as the leader of special operations forces in Iraq with his tenure as ISAF commander in Afghanistan raises interesting questions.

In the News

ObamaCare Win Turns Up Heat On GOP Presidential Field

quoting Lanhee J. Chenvia The Hill
Saturday, July 4, 2015

ObamaCare's victory at the Supreme Court is putting new pressure on Republican presidential candidates to map out a replacement to the healthcare law — a task that has eluded the party for more than five years.

In the News

Education Experts Descend On Detroit

quoting Michael J. Petrillivia Detroit News
Saturday, July 4, 2015

If Detroit can't get its school problems solved, it won't be for lack of quality advice from national education experts.

In the News

Sen. Boxer, Nearing Retirement, ‘Focusing On The Big Ideas’

quoting Bill Whalenvia Capitol Alert (Sacramento Bee)
Sunday, July 5, 2015

Sen. Barbara Boxer and fellow California Democrat George Miller and their spouses used to spend weekends together, just a pair of couples taking a break from the pressures and strains of Capitol Hill.

In the News

The (Inadequate) Case For Economic Pessimism

with Timothy Kanevia Bloomberg View
Monday, July 6, 2015

Is the U.S. economy stuck in an endless loop of sluggish growth and high unemployment? Many distinguished economists think so, and there is some evidence to support them.