A top-down model of governance in Russia hinders innovation, prosperity, and freedom in a country already facing brain drain and an aging population, experts said at a recent Hoover event. On Wednesday, the Hoover Institution kicked off the Governance in an Emerging New World project led by Senior Fellow George P. Shultz. Through discussions and research papers, the effort will explore some of humanity’s most challenging issues over the course of the 2018–19 academic year.
Rosa Klebb is back — as a hacker. In April, the heirs of 007’s nemesis attempted to hack the Organization for the Prohibition of Chemical Weapons in The Hague, after the OPCW had exposed Moscow’s use of chemical weapons in an attempted assassination.
Neil Monnery, author of Architect of Prosperity, talks with EconTalk host Russ Roberts about his book--a biography of John Cowperthwaite, the man often credited with the economic success of Hong Kong. Monnery describes the policies that Cowperthwaite championed and the role they played in the evolution of Hong Kong's economy. How much those policies mattered is the focus of the conversation. Other topics include the relationship between Hong Kong and China and the irony of the challenges Hong Kong faced from U.S. and British protectionism.
In the November issue of Reason, Russian emigre Cathy Young writes a long, nuanced analysis of Putin’s Russia. The whole thing is worth reading. It’s titled “Dissent and Disarray in Putin’s Russia.” Underneath the title is the brief summary: “The authoritarian’s hold on power may be shakier than it looks.” Young does a good job of showing the ways in which dissent is repressed and the ways in which it’s not. I can’t do justice to those nuances in a short space. That’s why I recommend reading it for yourself.
I’ve heard, or seen on Facebook, a number of people talking about how the Democratic Senators on the Judiciary Committee overplayed their hands with the Ford/Kavanaugh controversy. They were too hostile and too accepting of Ford’s claims at face value, goes the argument. And it backfired on them. They didn’t get their way. Kavanaugh will be sworn in to the Supreme Court today.
I’ve followed a number of discussions on Facebook and elsewhere on the Internet about the desirability, or lack thereof, of professors discussing politics on the classroom. My impression, although I didn’t literally count, is that virtually every professor who is somewhat libertarian and who has discussed the issue thinks it’s a bad idea to do so.
Hoover Institution fellows Richard Epstein and John Yoo discuss the Kavanaugh confirmation: the twists and turns of the original allegations, the testimony of Christine Blasey Ford, the damage to the Court’s public standing, whether the time has come to change the confirmation process, and what changes we can expect with Kavanaugh on the court.
Regulation of liquidity in over-the-counter markets in fixed income, commodities and currencies is having a profound impact on funding costs. Professor Darrell Duffie explained to delegates at the Fiduciary Investors Symposium at Stanford University how OTC markets are dominated by a small number of dealers affiliated with large banks.
By any metric, the past few years have not been good to liberal democracy. As Larry Diamond, a Stanford University professor of sociology who specializes in democracy, famously noted, we may be in the midst of a global “democracy recession.” Populists with autocratic tendencies have enjoyed electoral success in the past few years, and it appears that this trend is only intensifying — since just last year, over half of the countries assessed in an Economist report saw their Democracy Index rating fall.
Historian Doris Kearns Goodwin’s latest book is not her usual historical study – it interweaves stories from the lives of Lincoln, both Roosevelts and Lyndon Johnson in order to “detail leadership tips for non-political types”, says Kevin Krill on Bloomberg. The book focuses on a crisis each president faced: Lincoln and the Emancipation Proclamation, Theodore Roosevelt and the 1902 coal strike, FDR’s first 100 days and LBJ and the Civil Rights Act. “Americans are strongly attracted to the idea that there are secret sauces,” says Niall Ferguson in The Sunday Times.
Ten years ago, on September 15, 2008, Lehman Brothers filed for chapter 11 bankruptcy. The mayhem that followed led to the worst global financial crisis after the Great Depression. Like the latter, the 2008 financial crisis has been a matter of much discussion – from Congressional testimonies to saucy Hollywood productions leave alone the academic garbage that it generated.
The year 2018 will go down in the history of American politics as “The Kavanaugh Year.” It is the year when we finally admitted to ourselves that we are not “one nation under God.” We are not even two nations under two gods. We have, in fact, hundreds of religions and many gods. We also have many godless people who do not find that their godlessness unites them. Many godless believers find other godless folks to be heretical.
Srinath Raghavan's history of US involvement in South Asia – primarily India, Pakistan and Afghanistan – provides a rich backdrop of lessons for today’s US policymakers as they consider dilemmas in the region.
There are two partisan temptations to avoid when thinking about a strong economy: One is to assume it’s all your party’s doing; the other is to pretend it isn’t strong. Both sides are currently having difficulty resisting these temptations.
The consumer-welfare standard that undergirds modern antitrust enforcement is under attack. Although the standard hasn’t changed since the landmark U.S. v. Microsoft litigation, there has not been a single case brought by a U.S. antitrust agency under Section 2 of the Sherman Act against a monopolist threatening innovation in the past two decades. What explains this retreat by antitrust enforcers?