Hoover Daily Report
Analysis and Commentary
Bank Vault
Analysis and Commentary

Central Banks Without Rules Are Like Doctors Without Checklists

by John B. Taylorvia Economics One
Sunday, March 22, 2015

Recent proposals for policy rules legislation have led to a fascinating replay of issues that have long been at the heart of the rules versus discretion debate.

Analysis and Commentary

Borio, Erdem, Filardo And Hofmann On The Costs Of Deflation

by John H. Cochranevia Grumpy Economist
Friday, March 20, 2015

Claudio Borio, Magdalena Erdem, Andrew Filardo and Boris Hofmann have a nice paper, "The costs of deflations: a historical perspective"

Analysis and Commentary

The Precise (And Narrow) Limits On U.S. Economic Espionage

by Jack Goldsmithvia Lawfare
Monday, March 23, 2015

This Intercept story on New Zealand’s surveillance of candidates for director general of the World Trade Organization sparked a related conversation yesterday on twitter about the exact scope of U.S. economic espionage.

Analysis and Commentary

Letter From Heads Of SFRC And SASC To Kerry And Carter On South China Sea

by Jack Goldsmithvia Lawfare
Friday, March 20, 2015

Yesterday the Chairmen and Ranking members of the Senate Armed Services Committee (McCain and Reed) and the Senate Foreign Relations Committee (Corker and Menendez) sent a noteworthy letter to Secretaries Kerry and Carter about growing Chinese hegemony in the South China Sea.

Analysis and Commentary

Explaining Jerry Brown’s Newfound Energy (Policy)

by Bill Whalenvia Eureka
Monday, March 23, 2015

By tradition, a California governor’s second-term inaugural address is a good indicator of how the term-limited chief executive of America’s nation-state plans to ride off into the sunset. Pete Wilson’s second-term inaugural, delivered 20 years ago, included talk of shrinking government (lower taxes and less regulation) to spur economic growth.

Herbert Lin
Analysis and Commentary

Further Reflections On NOBUS (And An Approach For Balancing The Twin Needs For Offensive Capability And Better Defensive Security In Deployed Systems)

by Herbert Linvia Lawfare
Saturday, March 21, 2015

In a previous post, I commented on the Nobody-But-Us (NOBUS) view of the world. My original post says that the real technical question raised by NOBUS is how long nobody-but-us access can be kept for a given proposed system.

Coffee
Analysis and Commentary

A Rare Disagreement With Bryan Caplan

by David R. Hendersonvia EconLog
Sunday, March 22, 2015

Last week I highlighted Bryan Caplan's comprehensive notes, homework sets, and keys to homework for the courses he teaches.

Analysis and Commentary

March Madness From The United Nations

by Henry I. Millervia Forbes
Friday, March 20, 2015

The NCAA basketball tournament has started, and I hope I’ve picked my brackets as well as I predicted the outcome of this month’s meeting of the International Agency for Research on Cancer (IARC), a component of the UN’s World Health Organization that evaluates the likelihood that various chemicals cause cancer.

Analysis and Commentary

California's Climate Change Conundrum

via Eureka
Monday, March 23, 2015

In this edition of Eureka, we’ll look at Brown’s three energy proposals – their feasibility, and what they mean both for California and for the Governor’s legacy. Eureka was created to serve as an occasional discussion of the policy, political and economic issues confronting California. Like the Golden State motto from which this forum’s title was borrowed, the goal here is one of discovery – identifying underlying problems and offering reasonable and common-sense reforms for America’s great nation-state.

an image
Analysis and Commentary

Group, Then Threaten: How Bad Ideas Move Millions

by Mark Harrisonvia Mark Harrison's Blog
Monday, March 23, 2015

I've been thinking: What is it that enables a bad idea suddenly to spread across millions of people? Here are some of the things I have in mind.

Analysis and Commentary

Smart Mobs, Ultraviolence, And Civil Society: ISIS Innovations

by Jessica Stern, J.M. Berger via Lawfare
Monday, March 23, 2015

Offline, ISIS has followed the model of a functional—if limited—government. Online, it has played a different game.

Analysis and Commentary

Putin Alludes To Using Nukes In State Film

by Markos Kounalakisvia Sacramento Bee
Saturday, March 21, 2015

Documentary filmmakers understand the power of moving images and the candid moment.

David R. Henderson
Analysis and Commentary

The Boys In The Boat

by David R. Hendersonvia EconLog
Saturday, March 21, 2015

On my flight from Chicago to Phoenix on Thursday, I finished The Boys in the Boat. It's subtitled "Nine Americans and Their Epic Quest for Gold at the 1936 Berlin Olympics." I highly recommend it.

Analysis and Commentary

A Partial Defense Of David Friedman

by David R. Hendersonvia EconLog
Friday, March 20, 2015

Scott Alexander, about whom both David Friedman and co-blogger Bryan Caplan have raved, has a lengthy book review of David's The Machinery of Freedom. As I write this, there are 479 comments on his post and I looked only at about the first 100 or so to see if anyone was making the point I want to make. I didn't find it, so I'll make it here.

Interviews
Interviews

Richard Epstein On The John Batchelor Show (19:25)

interview with Richard A. Epsteinvia John Batchelor Show
Friday, March 20, 2015

Hoover fellow Richard Epstein discusses Ferguson and the Department of Justice's report that exonerated Darren Wilson, but the report still blames racism for unrest in Ferguson.

Immigration
Interviews

Victor Davis Hanson On WIBC

interview with Victor Davis Hansonvia Garrison (WIBC)
Friday, March 20, 2015

Hoover fellow Victor Davis Hanson discusses politics and the problems associated with illegal immigration.

Interviews

Lanhee Chen On The John Batchelor Show (31:50)

interview with Lanhee J. Chenvia John Batchelor Show
Friday, March 20, 2015

Hoover fellow Lanhee Chen discusses King vs Burwell and recommends posiible solutions or compromises in case the Supreme Court rules for the plaintiffs.

Interviews

Harvey Mansfield On BigThink.com

interview with Harvey C. Mansfieldvia Big Think (NY)
Monday, April 23, 2012

Hoover fellow Harvey Mansfield discusses the philosophy of a conservative as well as political philosophy vs. political science.

The Federal Reserve
Interviews

Lanhee Chen On CNBC

interview with Lanhee J. Chenvia CNBC
Monday, March 23, 2015

Hoover fellow Lanhee Chen discusses the timing of the Fed's rate hike and the 2016 presidential race

In the News
In the News

Campbell Harvey On Randomness, Skill, And Investment Strategies

by Russ Robertsvia EconTalk
Monday, March 23, 2015

Campbell Harvey of Duke University talks with EconTalk host Russ Roberts about his research evaluating various investment and trading strategies and the challenge of measuring their effectiveness.

In the News

Business Dean Seizes Rare Opportunity To Lead Hoover Institution, And Other News About People

via Chronicle of Higher Education
Monday, March 23, 2015

As of late last year, Thomas W. Gilligan, 60, dean of the McCombs School of Business at the University of Texas at Austin, thought he was in the final posting of his career in military, governmental, and educational leadership.

In the News

Fmr Kevin Mccarthy Counsel Is Hoover Institution's New DC Director

featuring Mike Franc, David Davenportvia Townhall
Friday, March 20, 2015

The Hoover Institution, a public policy research center in California's Stanford University which focuses on the study of economics, politics, history, political economy and international affairs, has just announced Mike Franc as its new Washington, DC programs director.

In the News

Israeli Election Results Reflect Deep Divisions In That Society, Say Stanford Scholars

quoting Russell A. Berman, Stephen D. Krasnervia Stanford Report
Friday, March 20, 2015

Stanford faculty experts say that security concerns were the dominant factor in the outcome of Israel's election this week. Political and religious fault lines in Israeli society contributed to the tone and results of the campaign.

In the News

Learning How To Practice Medicine—Virtually

quoting Caroline M. Hoxbyvia Atlantic
Friday, March 20, 2015

Yale is poised to join the list of top-tier universities now offering online master’s programs. Will these initiatives work?

Stephen Haber, the Peter and Helen Bing Senior Fellow at the Hoover Institution,
In the News

Stephen Haber, A Professor At Stanford University, Speaks At The Association Of Mexican Banks Annual Convention

mentioning Stephen Habervia Getty Images
Friday, March 20, 2015

Stephen Haber, a professor at Stanford University, speaks at the Association of Mexican Banks annual convention in Acapulco, Mexico, on Friday, March 20, 2015. Mexico's 2015 forecast for gross domestic product for 2015 was cut to 2.6 percent from 3.3 percent in a report by Barclays on concerns for public spending and lower oil prices.

In the News

The Small Bank Slide

quoting Allan H. Meltzervia Hill
Monday, March 23, 2015

In a competitive market with free entry, bank size doesn't really matter, but regulations can distort firm size.

In the News

Who Thinks ISIS Is A Zionist Plot?

quoting Abbas Milanivia Daily Beast
Friday, March 20, 2015

Do Iranian officials actually believe ISIS is a Western plot? Who knows, but it serves their purposes to say it.

In the News

Cuomo Fights Rating System In Which Few Teachers Are Bad

quoting Michael J. Petrillivia The New York Times
Sunday, March 22, 2015

The teachers and administrators in this rural Long Island district do not mince words when asked about Gov. Andrew M. Cuomo’s proposal to tie teacher evaluations more closely to test scores.

Tax cuts and reforms
In the News

Four Common Myths About The Flat Tax

mentioning Robert E. Hall, Alvin Rabushkavia Daily Signal
Friday, March 20, 2015

America’s tax code is riddled with problems.

In the News

Modern American Conservatism: A Spirited Conversation At The Hoover Institution

featuring Hoover Institutionvia Calvin Coolidge Presidential Foundation
Friday, March 20, 2015

It can be said with a high degree of certainty that Calvin Coolidge and Herbert Hoover did not have the warmest of relationships.