Hoover Daily Report
Featured
Featured

America In A New Upside-Down World

by Victor Davis Hansonvia American Greatness
Sunday, March 15, 2020

Who can game the election-year politics of these chaotic times, especially the more macabre calculations of the electoral beneficiaries of the media-driven hysteria over the COVID-19?

 
Featured

The Pandemic Stress Test

by Raghuram Rajanvia Project Syndicate
Friday, March 13, 2020

The COVID-19 crisis has exposed the underlying weaknesses in national economies, health systems, and even political ideologies. If there is any silver lining, it is that long-vilified experts and professionals have an opportunity to regain the public's trust.

Featured

Avoid Redistribution Schemes To Limit Coronavirus Fallout

by Richard A. Epsteinvia Las Vegas Review Journal
Saturday, March 14, 2020

Anything specific about the social responses and economic consequences of the coronavirus is likely to be obsolete 24 hours after it is written, so dizzying the rate of change. Nonetheless, it is useful to offer some general principles to guide the inquiry.

Featured

Let The Fed Administer An Antiviral Shot

by Kevin Warshvia The Wall Street Journal
Sunday, March 15, 2020

An emergency lending program would keep a liquidity crisis from turning into a solvency crisis.

Featured

Visiting Fellow Bjorn Lomborg Analyzes The Financial Costs And Benefits Of Mitigating Effects Of Climate Change

Monday, March 9, 2020
Hoover Institution, Stanford University

Climate change is real and manmade, but its economic costs on the environment are grossly exaggerated, argued Hoover Institution visiting fellow Bjorn Lomborg in a lecture at Hoover’s Stauffer Auditorium on Monday, March 9.

News
Analysis and Commentary
Analysis and Commentary

‘Social Distancing’ In The City That Never Sleeps

by Tunku Varadarajanvia The Wall Street Journal
Sunday, March 15, 2020

My 20-year-old son has his own ideas, the fit ‘old guys’ aren’t at the gym, and hoarding in Aisle 6.

Analysis and Commentary

Rediscovering Western Civilization

by Peter Berkowitzvia Real Clear Politics
Saturday, March 14, 2020

Humanities courses in America’s best universities are apt these days to denigrate, or even deny the reality of, Western civilization. Rare are classes devoted to transmitting Western civilization’s leading ideas; examining its continuities and breaks; and cultivating the independence of mind that Western civilization prizes by exploring the several sides of fundamental moral questions and enduring political controversies.

Analysis and Commentary

Remembering Who Is Keeping Us Alive

by Victor Davis Hansonvia National Review
Saturday, March 14, 2020

I tried an experiment yesterday. I went to four large supermarkets in Fresno County, the nation’s largest and most diverse food-producing county, and looked at both checkouts and shelf space. The two big sellers seemed to be cleansers of all sorts (bleach wipes were all sold out, for example) and staples such as canned soup, pasta, and canned fish and preserved meat.

Analysis and Commentary

The Best Thing Everyday Americans Can Do To Fight Coronavirus? #StayHome, Save Lives

by Lanhee J. Chenvia AZ Central
Sunday, March 15, 2020

Be a neat freak. Wash your hands. Give to people in need. If you’re going to spread anything, spread help, compassion and humor. And do not panic.

co-authored by Lanhee J. Chen, Andy Slavitt, Bill Frist, Asaf Bitton, Ezekiel Emanuel, Atul Gawande, Sandra Hernandez, Bob Kocher, Vivek Murthy, Michael Osterholm, DJ Patil, Jennifer Peña, Jordan Shlain, Eric Topol, Leana Wen, Michelle A. Williams

Analysis and Commentary

What If They Held A Debate And No One Came . . . Or Much Cared?

by Bill Whalenvia Forbes
Sunday, March 15, 2020

Ok, so maybe holding a presidential debate amidst the uncertainty of a global pandemic isn’t as tacky as, say, doing a partisan event in the immediate aftermath of the first Kennedy assassination, the Challenger explosion, or the 9/11 attacks. Still, there was something seemingly inappropriate and unbecoming about Sunday night’s meeting of the minds in CNN’s Washington, D.C., bureau (live, but not before a studio audience).

Analysis and Commentary

David Davenport: Democrats Don’t Want A Revolution After All

by David Davenportvia Townhall Review
Monday, March 16, 2020

In the twinkling of an electoral eye, frontrunner Bernie Sanders’ campaign is near death and Joe Biden’s has been resurrected. How could this happen?

Analysis and Commentary

Identity Politics And Privilege

by Bruce Thorntonvia FrontPage Mag.com
Monday, March 16, 2020

After Elizabeth Warren dropped out of the primary race, the predictable whining commenced from all those supposedly independent, anything-you-can-do-I-can-do-better feminists. The stock clichés filled their complaints: “misogyny,” “patriarchy,” “sexism,” all the usual suspects rounded up to excuse the glaring electoral incompetence of a terrible candidate. 

Analysis and Commentary

Isabella Tree On Wilding

by Russell Robertsvia EconTalk
Monday, March 16, 2020

Author and conservationist Isabella Tree talks about her book Wilding with EconTalk host Russ Roberts. Tree and her husband decided to turn their three and a half acre farm, the Knepp Castle Estate, into something wilder, a place for wild ponies, wild pigs, wild oxen, and an ever-wider variety of birds and bugs. The conversation covers the re-wilding phenomenon, the complexity of natural systems, and the nature of emergent order.

Analysis and Commentary

The Education Exchange: What Colleges Deliver To Their Graduates

by Paul E. Petersonvia The Education Exchange
Monday, March 16, 2020

An Assistant Professor at the University of Arkansas, Albert Cheng, joins Paul E. Peterson to discuss Cheng’s new paper, which reports findings from a survey of college alumni about their experiences in higher education and afterward.

Analysis and Commentary

Stephen Davies On Optimal Responses To The Coronavirus

by David R. Hendersonvia EconLog
Sunday, March 15, 2020

The biology of this particular virus means we have already passed the point where lockdowns and measures of that kind can resolve the situation. If that strategy is followed you will delay the evolution of the virus into a milder form and when it returns (as it will, because it is now established in a reservoir of people around the world) the effect will be as bad as it was the first time or even worse because of the disruption caused to systems by the first wave.

Analysis and Commentary

The Market To The Rescue

by John H. Cochranevia Grumpy Economist
Friday, March 13, 2020

I've been worried that businesses can't get loans to keep going during a virus shut down. Everyone seems to be jumping to the idea that we need rivers of Federal money. Maybe I should have more faith in the free (well, this is banking, but somewhat free) market.

Analysis and Commentary

With The Coronavirus Bearing Down On Schools, Educational Content Providers Have A Chance To Shine

by Michael J. Petrillivia Flypaper (Fordham Education Blog)
Thursday, March 12, 2020

If there were any doubt that the coronavirus pandemic would be disruptive to schools and families, the last few days have put that to rest. Schools in the Seattle metro area and New Rochelle, New York, are already shuttered. Ohio Governor Mike DeWine just announced that all of his state’s schools will close for a three-week spring break, starting Tuesday. For those in many other parts of America it is only a matter of when, not if, they will follow suit.

Analysis and Commentary

Pandemic And Protection

by John H. Cochranevia Grumpy Economist
Friday, March 13, 2020

A pandemic can have useful side effects, one being that it makes us see the costs of protection. Next up: how do you stop people from hoarding ex ante? Answer, commit that there will not be the usual price controls and rationing ex post.

Analysis and Commentary

Charlie We Never Knew You

by David R. Henderson mentioning Hoover Institutionvia EconLog
Friday, March 13, 2020

Charles A. Lindbergh, often branded as a Nazi sympathizer during World War II, gathered intelligence for the United States on four visits to Germany before the war, according to papers of the pre-war U.S. military attache in Berlin.

Interviews
Interviews

John Taylor On The Bloomberg Surveillance Podcast

interview with John B. Taylorvia Bloomberg
Friday, March 13, 2020

(26:15) Hoover Institution fellow John Taylor says countries need more clarification and coordination on their next steps to combating coronavirus.

Interviews

Richard Epstein On The John Batchelor Show

interview with Richard A. Epsteinvia The John Batchelor Show
Friday, March 13, 2020

Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Playing Politics With Coronavirus."

Interviews

Terry Anderson On The John Batchelor Show

interview with Terry Andersonvia The John Batchelor Show
Friday, March 13, 2020

Hoover Institution fellow Terry Anderson discusses his Hill article "The case for transferring federal lands back to Native Americans."

Interviews

It's More Important Than Ever For Fed To Clarify Strategy, John Taylor Says

interview with John B. Taylorvia Bloomberg
Friday, March 13, 2020

Hoover Institution fellow John Taylor discusses the outlook for Federal Reserve monetary policy amid the coronavirus outbreak.

Interviews

Kiron Skinner: US Fight With Iran Reignites

interview with Kiron K. Skinnervia Yahoo! Finance
Friday, March 13, 2020

Hoover Institution fellow Kiron Skinner discusses US-Iran tensions and how Iran is reacting to the coronavirus outbreak.

Interviews

Lanhee Chen: Pay More, Get Better Stuff

interview with Lanhee J. Chenvia Armstrong and Getty
Friday, March 13, 2020

(9:10) Hoover Institution fellow Lanhee Chen discusses Sunday's upcoming debate, as well as some of questions Bernie may throw to Joe.

Interviews

John Yoo: 2020 National Student Symposium

interview with John Yoovia The Federalist Society
Saturday, March 14, 2020

Hoover Institution fellow John Yoo talks about the Senate's role in balancing purely democratic power. The Senate has protected the states and possibly served to defuse otherwise hostile geographical battles. Does or should this role change in our modern democracy? If so, how?

American Flag flying over a field
Interviews

John Yoo: The President Of The Midwest

interview with John Yoovia The Ricochet Podcast
Friday, March 13, 2020

(47:00) Hoover Institution fellow John Yoo discusses the legalities of governments taking over hotels and medical facilities to treat coronavirus patients.

In the News
In the News

Judges Thapar And Kethledge Call For SCOTUS To Reconsider TWA V. Hardison (1977)

quoting Michael McConnellvia Reason
Friday, March 13, 2020

Last month, the Supreme Court denied cert in Patterson v. Walgreen. The petitioner in that case called on the Court to reconsider TWA v. Hardison (1977). Justice Alito concurred in the denial of cert, joined by Justices Thomas and Gorusch.

In the News

Raghuram Rajan Keeping Fingers Crossed: ‘Yes Bank Gave Ample Time; Hope We Have Got The Plan Right’

quoting Raghuram Rajanvia Financial Express
Thursday, March 12, 2020

Yes Bank was struggling to get hands on capital for a long time, allowing the RBI plenty of time to come up with a plan, Rajan said.

In the News

Fed Speeds Up Purchase Of Treasuries To Ease Market Strains

quoting Darrell Duffievia Financial Times
Monday, March 16, 2020

Bank to spend $37 bn, nearly half its total for March and early April, in a single day.

In the News

Walmart's New Clinics Are A Free Market Experiment In Health Care Reform

quoting Thomas Sowellvia Reason
Friday, March 13, 2020

No one will ever head to Walmart for a kidney transplant, but retail companies and profit-based clinics certainly can offer high-quality, lower-level services—and impose market discipline in a sector that sorely needs it.

In the News

Dow Suffers Worst Drop Since 1987 Amid Coronavirus Fears — Cramer And Others On What To Watch

quoting Raghuram Rajanvia CNBC
Thursday, March 12, 2020

The coronavirus is crushing stocks. The Dow Jones Industrial Average suffered its worst drop since the 1987 Black Monday market crash on Thursday, dropping 2,352.60 points and notching a 10% loss after government officials failed to calm investors’ fears about the fast-spreading virus’s economic impact.

In the News

The Acid Test Of Trump's Maverick Leadership Has Come – Can He Save Himself?

quoting Bill Whalenvia The Guardian
Sunday, March 15, 2020

The president’s response to the coronavirus pandemic has been ‘haphazard’, from a cascade of false statements to a public address that fueled anxiety.

In the News

A Big Bet That May Not Be Enough

quoting Kevin Warshvia The New York Times
Monday, March 16, 2020

The Fed and other central banks are reopening their 2008 crisis playbooks, as the speed and severity of the coronavirus outbreak threatens to bring the global economy to a halt. But as the former Fed governor Kevin Warsh put it, “If you’ve seen one financial crisis, you’ve seen one financial crisis.” In other words, the tools used to combat a mortgage-driven credit crunch are of limited use to fight a global pandemic.

In the News

Chilling Reasons Australia Is Headed For Its First Recession In 29 Years Amid Coronavirus Pandemic

quoting Kevin Hassettvia Brinkwire
Thursday, March 12, 2020

Australia is heading for its first recession in 29 years if countries continue to enforce containment measures to halt the spread of the deadly coronavirus, a top economist has warned.

In the News

Inspirational Quotes: Thomas Sowell, Will Cuppy, Andrew Leigh And Others

quoting Thomas Sowellvia Investors Business Daily
Monday, March 16, 2020

Thomas Sowell on Empathy: Politeness and consideration for others is like investing pennies and getting dollars back.

In the News

In Hoffa’s Shadow

mentioning Jack Goldsmithvia Powerline
Monday, March 16, 2020

If you are looking for a new book with which you can hunker down while you isolate yourself at home, I recommend Jack Goldsmith’s In Hoffa’s Shadow: A Stepfather, A Disappearance in Detroit, and My Search for the Truth. Goldsmith is the Henry L. Shattuck Professor at Harvard Law School, co-founder of Lawfare, and a Senior Fellow at the Hoover Institution.