Hoover Daily Report
Featured
Featured

Pension Reform: Economic Policy Challenges Facing California’s Next Governor

by Joshua D. Rauhvia Hoover Institution
Monday, October 29, 2018

Pension liabilities are one of the most important, and most poorly understood, fiscal challenges facing California. Unfunded pension liabilities are a large and growing fiscal burden for the state government and for local governments as well. For the state government, the share of pension contributions in the budget has increased by 350 percent since 2002. 

Featured

A Few Questions About Tomorrow’s California Vote

by Bill Whalenvia California on Your Mind
Monday, November 5, 2018

America’s nation-state goes to the polls tomorrow, where candidates receive the high honor of holding public office and ideas pass or fail.

Featured

Kotlikoff On The Big Con

by John H. Cochrane via Grumpy Economist
Monday, November 5, 2018

In preparing some talks on the financial crisis, 10 years later, I ran across a very nice article, The Big Con -- Reassessing the "Great" Recession and its "Fix" by Larry Kotlikoff. Larry is also the author of Jimmy Stewart is Dead – Ending the World's Ongoing Financial Plague with Limited Purpose Banking, from 2010, which along with Anat Admati and Martin Hellwig's The Bankers' New Clothes is one of the central works outlining the possibility of equity-financed banking and narrow deposit-taking, and how it could end financial crises forever at essentially no cost.

Featured

The Destructive Consequences Of Socialism

by David R. Hendersonvia Defining Ideas
Saturday, November 3, 2018

Trump’s CEA reports on an ideology that retards growth—and worse.

Featured

Peter Berkowitz At The 2018 Wriston Lecture: The Conservative Challenge In A Populist Moment

interview with Peter Berkowitzvia Manhattan Institute
Tuesday, October 30, 2018

Hoover Institution fellow Peter Berkowitz discusses the challenges for conservatives.

Analysis and Commentary
Analysis and Commentary

My Trip To Pittsburgh

by Russell Robertsvia Medium
Monday, November 5, 2018

On Monday night of this week, I received an email from my synagogue saying that a bus would be leaving for Pittsburgh at 7 am the next morning to allow people to attend the funeral of David and Cecil Rosenthal, two gentle souls with fragile x syndrome who had been murdered in the tragedy at the Tree of Life synagogue by a coward whose name does not bear mentioning.

Analysis and Commentary

CNN’s Existential War With Trump

by Victor Davis Hansonvia American Greatness
Sunday, November 4, 2018

It may be unwise or monotonous for President Trump to harp on CNN as a purveyor of “fake news.” And the constant refrain “enemy of the people” should not be used of a media outlet, even one as prejudicial as CNN.

Analysis and Commentary

Alan Lightman On Science, Spirituality, And Searching For Stars On An Island In Maine

by Russell Robertsvia EconTalk
Monday, November 5, 2018

Author and Physicist Alan Lightman talks about his book Searching for Stars on an Island in Maine with EconTalk host Russ Roberts. This is a wide-ranging conversation on religion, science, transcendence, consciousness, impermanence, and whether matter is all that matters.

US Ballot Box Image
Analysis and Commentary

An Election Day Viewing Guide

by Bill Whalenvia Forbes
Sunday, November 4, 2018

I’ll be watching the Election Day returns from California. The good news: given the time difference, it’s an all-day affair that hopefully won’t run late into the night. The bad news: here in the Golden State, there's no such creature as a big sexy statewide race. Lots of drama down-ticket, yes, in the form of hotly contested congressional contests (more on that in a moment). However, our gubernatorial and Senate races have the look and feel of done deals.

Analysis and Commentary

The Education Exchange: Making Exam Schools More Diverse In Boston

by Paul E. Petersonvia The Education Exchange
Monday, November 5, 2018

In Boston, nearly 25% of public middle and high school students attend exam schools, but these schools are much less diverse than the school district as a whole. A new study looks closely at the entrance exam used to select students for these schools and at ways the admissions process could be changed to to make the schools more diverse without sacrificing academic selectivity.

Analysis and Commentary

The Destructive Consequences Of Socialism

by David R. Hendersonvia EconLog
Sunday, November 4, 2018

In the early 1980s, when I was a senior economist at President Reagan’s Council of Economic Advisers (CEA), we put out one publication annually for the public: The Economic Report of the President. The rest of the time, we spent our time analyzing and arguing about economic policy.

Analysis and Commentary

Martin Anderson's Striking Analogy On The Draft

by David R. Henderson quoting Annelise Anderson, Martin Andersonvia EconLog
Saturday, November 3, 2018

I posted recently about Annelise Anderson’s reminiscences of her and her husband Martin Anderson’s role in Richard Nixon’s 1968 campaign for President. She stated: The first thing that Martin did for Richard Nixon—one of the first things—it’s dated July 4, 1967—is to make the argument for abolishing the military draft and moving to an all-volunteer armed force.

Interviews
Interviews

US-China Trade Talks Will 'Go On For Some Time,' Nobel Prize Winner Michael Spence Says

interview with Michael Spencevia CNBC
Monday, November 5, 2018

Hoover Institution fellow Michael Spence discusses trade negotiations between the US and China.

Interviews

"Unprecedented" Mid-Terms May Have Split Result Across Congress: Bill Whalen

interview with Bill Whalenvia ABC Online Services
Monday, November 5, 2018

Hoover Institution fellow Bill Whalen discusses the midterm elections.

Interviews

Jennifer Burns On The Long Arm Of Ayn Rand: Why She Still Matters, Part 1

interview with Jennifer Burnsvia CBC News (Canada)
Thursday, November 1, 2018

Hoover Institution fellow Jennifer Burns discusses Ayn Rand and why she still matters

Interviews

John Yoo On The Ricochet Podcast: The Final Frontier

interview with John Yoovia Ricochet
Thursday, November 1, 2018

Hoover Institution fellow John Yoo discusses the 14th Amendment, birthright citizenship, and caravans.

Interviews

Elizabeth Economy: Xi Jinping And The New Chinese State

interview with Elizabeth Economyvia EastWest Institute
Thursday, November 1, 2018

Hoover Institution fellow Elizabeth Economy discusses her third and latest book The Third Revolution: Xi Jinping and the New Chinese State.

In the News
Photographic portrait of the “Great and Generous Leader,” Joseph Stalin.
In the News

Stephen Kotkin’s “Stalin: Waiting for Hitler, 1929–1941” Wins 2018 CFR Arthur Ross Book Award

featuring Stephen Kotkinvia International House
Friday, November 2, 2018

On November 1, 2018, the Council on Foreign Relations announced the winner of the Arthur Ross Book Award, the most prestigious for a book on foreign policy. International House President and CEO, Calvin Sims, served on the awards jury.

In the News

Still In The Trenches: World War I And Its Complicated Aftermath

featuring Stephen Kotkinvia Princeton Alumni Weekly
Wednesday, November 7, 2018

One hundred years later, all remains quiet on the Western Front. An area known as the Zone Rouge running from Lille to Verdun, scene of some of the heaviest fighting of the First World War, is fenced off to this day. Entire towns within it were abandoned, the surrounding fields and collapsed trenches filled with human bones and tons of unexploded ordnance. It remains too dangerous to enter, the soil still saturated, even now, with the chemicals of war: mercury, lead, chlorine, and arsenic.

In the News

Cross-Border Capital Flows Source Of Financial Fragility, Says Raghuram Rajan

featuring Raghuram Rajanvia Financial Express
Friday, November 2, 2018

Cross-border capital flows have been a source of financial fragility, former RBI governor and top economist Raghuram Rajan has said as he underscored that countries should see how best they can benefit from cross-border flows, without incurring the costs.

In the News

World Leaders Come Together For Inaugural Global Energy Forum

quoting Condoleezza Rice, George P. Shultzvia The Stanford Daily
Monday, November 5, 2018

Bill Gates, Condoleezza Rice, Jerry Brown. CEOs, politicians, representatives and scientists. World leaders convened Thursday and Friday at the Hoover Institution for the inaugural Global Energy Forum to discuss the future of energy worldwide as the field continues to undergo major changes.

In the News

The Dark Side Of Social Media: Investing Implications

quoting Niall Fergusonvia MoneyShow
Friday, November 2, 2018

Popular Stanford University historian Niall Ferguson, whose books we’ve occasionally reviewed in these pages, often reminds why we’re in favor of undergrads getting a good foundation in history as well as in the indispensable STEM subjects, writes Monty Guild Thursday.

In the News

Congress, Egged On By The Polar Extremes, Is Out Of Step With The Rest Of Us

quoting Morris P. Fiorinavia Philly.com
Wednesday, October 31, 2018

It's been a rough few weeks for our national psyche. The trifecta of a contentious Kavanaugh fight, a pipe bomber who targeted victims based on partisanship, and a murderous anti-Semite has saddened and sapped the nation of its energy. It's enough to make a casual observer think America is inexorably divided. But that would be the wrong conclusion. There is actually positive political news around us, if only we would appreciate and draw strength from it.

In the News

The Left Doesn’t Want Civility, It Just Wants To Beat Trump… And Other Commentary

quoting Richard A. Epsteinvia New York Post
Friday, November 2, 2018

Accused Pittsburgh gunman Robert Bowers “was not a normal man interested in politics” and incited by Donald Trump’s rhetoric, says Daniel McCarthy at Spectator USA. “He was a murderous man with anti-Semitic views antithetical to Trump’s party and his very family.” Similarly for alleged mail bomber Cesar Sayoc. Liberals know this, says McCarthy, “but they do not care,” because now they have “clubs with which to beat Trump and the Republicans.”

In the News

Here’s What Trump Can Expect If The Democrats Take The House

quoting David Bradyvia New York Post
Saturday, November 3, 2018

This drama-packed political season has seen more than its share of twists, turns and trauma. But when the dust settles and Tuesday’s votes are counted, we’re likely to be in a familiar political place: government gridlock.

In the News

Almost Half The Top Jobs In Trump's State Department Are Still Empty

quoting George P. Shultzvia The Atlantic
Sunday, November 4, 2018

In 18 countries, the White House has yet to designate a U.S. ambassador. That includes Australia, a close ally to America that is beginning to look to China instead.

In the News

The Truth About The Trump Economy

quoting Steven J. Davisvia Chicago Tribune
Friday, November 2, 2018

Donald Trump and his legions are not tightly tethered to factual reality, but they are willing to grab on to it when it suits them. One of those occasions is when the official unemployment rate — which as a candidate he denounced as “the biggest joke there is in this country” — comes down, as it did in October, reaching 3.7 percent.

In the News

Profs Warn Diversity Programs Failing To Increase Diversity Of Viewpoints

quoting John Villasenorvia Legal Insurrection
Friday, November 2, 2018

This is the ongoing irony of higher education’s obsession with diversity. The College Fix reports: "Even as colleges add diversity programs, diversity of viewpoints on campuses remain low, professors warn."

In the News

Quotation Of The Day

quoting Thomas Sowellvia AEI
Saturday, November 3, 2018

Quotation of the day on Trump’s trade war is from Thomas Sowell, being interviewed for the 50th anniversary issue of Reason.

In the News

Big Fight For Big Money

quoting Raghuram Rajanvia The Asian Age
Sunday, November 4, 2018

The economic problems should not however make us gloss over the severe institutional stress between the government and RBI.

In the News

Prop 6 Struggles In Polls — An Omen For California Republicans?

quoting Bill Whalenvia The Mercury News
Friday, November 2, 2018

For California’s beleaguered GOP, next week’s election was supposed to be the gas tax revolt that roused Republicans. To seize on voters’ anger, they dug out the playbook from 15 years ago, when a Republican action-movie star rode a vow to repeal an unpopular vehicle license fee hike straight into the governor’s office.

In the News

Prop. 10: Would More Rent Control Help Tenants Or Make California’s Housing Crisis Worse?

quoting David R. Hendersonvia The Press-Enterprise
Friday, November 2, 2018

Amid chants that “the rent is too damn high,” California tenants have waged a 10-month battle to turn back the clock. Their goal is to pass Proposition 10, which would restore the status quo before 1995, the year the California Legislature passed the Costa-Hawkins Act banning rent control on houses, condos, new apartments and units vacated after tenants move out.

In the News

If Republicans Hold The Senate, Clarence Thomas Should Consider Retiring

quoting John Yoovia Washington Examiner
Thursday, November 1, 2018

It might be time for Clarence Thomas to hang it up. Well, that is, if Republicans build on their Senate majority. No one can replace the conservative jurist. Just choosing an adequate successor seems like an impossible task in light of the colossal contributions Thomas has made to originalist jurisprudence. That is why he might prefer to quit while there's a chance to replace him with someone who won't destroy his life's work.

In the News

Cross-Border Capital Flows Source Of Financial Fragility, Countries Should See How Best They Can Benefit: Raghuram Rajan

quoting Raghuram Rajanvia First Post (UK)
Friday, November 2, 2018

Cross-border capital flows have been a source of financial fragility, former RBI governor and top economist Raghuram Rajan has said as he underscored that countries should see how best they can benefit from cross-border flows, without incurring the costs.

In the News

Trump Tries To Scrap Birthright Citizenship, 1898 Chinese Legal Case Complicates It

quoting John Yoovia Resonate
Friday, November 2, 2018

As reported by SCMP, a Chinese legal case dating back to 1898 has complicated President Donald Trump’s effort to scrap birthright citizenship. The executive order that Trump is vowing to sign would end the right to US citizenship for Children born in the United States to non-citizens.

In the News

Many Expect Disruption After Merkel. German History Says Otherwise.

quoting Josef Joffevia The Wall Street Journal
Friday, November 2, 2018

[Subscription Required] Merkel’s successor will stick to a well-trodden path in German foreign policy: Remain close to the U.S. and be wary of Russia.

In the News

What Will Happen If Bad Times Come?

mentioning Morris P. Fiorina, Victor Davis Hansonvia Powerline
Friday, November 2, 2018

If the economy is always the pre-eminent issue in American politics, then the employment report out today, combined with the news that wages are growing most strongly for the working class, ought to be the conditions for social rest. Instead, we have the highest degree of social unrest since the late 1960s, with political violence and extreme rhetoric dominating the scene.