Hoover Daily Report
Featured
Featured

Economic Policy Challenges Facing California’s Next Governor

via Hoover Institution
Monday, October 29, 2018

Hoover Institution economists have just written a new paper describing a number of significant economic problems within California and how to fix them.

Featured

Hoover Scholar: US Break With Saudi Arabia Would Deliver Middle East To Iran

Friday, October 26, 2018
Hoover Institution, Stanford University

In the wake of Saudi journalist Jamal Khashoggi’s murder, US leadership should think beyond immediate events and consider the long-term, positive policy implications of remaining allied with Saudi Arabia, a Stanford scholar says. 

News
Featured

A Chevron Revolution In The Supreme Court?

by David Davenportvia Defining Ideas
Friday, October 26, 2018

A new book proposes a rollback of the administrative state.

Featured

Area 45: H.R. McMaster – “A Warrior Thinker”, Pt. 1

interview with H. R. McMastervia Area 45
Sunday, October 28, 2018

McMaster recounts what attracted him to military service and lessons learned from a career as a “warrior thinker.”

Featured

Governance In An Emerging New World: China

Monday, October 29, 2018
Hauck Auditorium, Hoover Institution, Stanford University

Even as its economy continues to grow, and it becomes a world leader in technology, China must also contend with an aging, unbalanced population and the information revolution. The discussion will examine China’s pursuit of next-generation technologies for economic, political, and military purposes as well as its changing demographics and widespread use of new means of communications.

The Hoover Institution hosted a public panel discussion "China In An Emerging World" on Monday, October 29, 2018 from 3:30pm - 5:00pm PST. The event was Livestreamed and can be viewed here.

Event
Analysis and Commentary
Analysis and Commentary

Caravan Contradictions

by Victor Davis Hansonvia American Greatness
Sunday, October 28, 2018

A “caravan”—the euphemism for a current foot-army of more than 10,000 Central Americans—of would-be border crossers has now passed into Mexico. The marchers promise they will continue 1,000 miles and more northward to the U.S. border, despite warnings from President Trump that as unauthorized immigrants they will be turned away. No one has yet explained how, or by whom or what, such a mass of humanity has been supplied, cared for, and organized.

Analysis and Commentary

New York's Continuing Vendetta Against Exxon Mobil

by Richard A. Epsteinvia Forbes
Friday, October 26, 2018

A foolish and expensive law suit should be brought to a quick end On October 24, 2018, Barbara Underwood, the Attorney General of New York (NYAG) filed a 91 page complaint against Exxon Mobil Corporation, which in the words of the New York Times headline demonstrated that “New York Sues Exxon Mobil, Saying It Deceived Shareholders of Climate Change.” The elaboration inside the article contained allegations by the prosecutors that Exxon “essentially kept two sets of books when accounting for the effects of climate change” which makes it appear as though the NYAG’s is a cut and dried case of financial fraud for illicit corporate advantage. 

Analysis and Commentary

The Lonely Man With A Gun

by Russell Robertsvia Medium
Monday, October 29, 2018

Another lonely man with a gun has murdered innocents. Whether you call it mass murder or terrorism or a hate crime, it doesn’t matter. And as a Jew, I am deeply concerned about the rise of antisemitism. But there is something that cuts across these all to frequent acts of violence. It’s almost always a lonely man with a gun. Understandably, there’s a lot of focus on the gun part. But I want to think about the lonely man.

Analysis and Commentary

Five Myths About The Romanovs

by Robert Servicevia The Washington Post
Friday, October 26, 2018

The Romanovs celebrated their dynasty’s tricentennial in 1913 – just five years before communists gunned down Nicholas II and his family in the basement of a house in Yekaterinburg. Under Romanov rule, which began in 1613 with Mikhail Romanov, Russia grew to become the biggest land empire in the world. These czars’ talents and foibles have long fascinated historians, the public and artists; a new Amazon series tells eight fictionalized stories of people who believe they are Romanov descendants. (Amazon chief executive Jeffrey P. Bezos owns The Washington Post.) 

Analysis and Commentary

Falling Share Prices And The Outlook For The US Economy

by Martin Feldsteinvia Project Syndicate
Monday, October 29, 2018

Three forces will cause US long-term interest rates to continue to rise. But, in all likelihood, short-term rates will not increase fast enough to give the Federal Reserve sufficient room for monetary stimulus before the next economic downturn begins.

Analysis and Commentary

One Person Can (In)Validate The Steele Dossier And No One Seems To Bother

by Paul R. Gregoryvia Ricochet
Monday, October 29, 2018

Christopher Steele deliberately constructed his Trump dossier to be unverifiable. As long as it remains invalidated, it hangs over the Trump administration, even though the Clinton campaign was identified as its funder and Steele refused to vouch for it under oath. Apparently he did not express such doubts when he was peddling the dossier to a skeptical press.

Analysis and Commentary

A Strong Vote For School Choice

by Richard A. Epsteinvia Las Vegas Review-Journal
Saturday, October 27, 2018

Primary education in Nevada is in a pitiful state, with no obvious path of exit or reform. Clark County has the fifth-largest school district in the nation and some of the lowest-performing schools. Clearly, some major transformation in educational policy is needed to shake up the system. But instead of meeting the challenge, state and local politics are filled with gridlock and confusion.

Analysis and Commentary

Michael Munger On Sharing, Transaction Costs, And Tomorrow 3.0

by Russell Robertsvia EconTalk
Monday, October 29, 2018

Economist and author Michael Munger of Duke University talks about his book, Tomorrow 3.0, with EconTalk host Russ Roberts. Munger analyzes the rise of companies like Uber and AirBnB as an example of how technology lowers transactions costs. Users and providers can find each other more easily through their smartphones, increasing opportunity. Munger expects these costs to fall elsewhere and predicts an expansion of the sharing economy to a wide array of items in our daily lives.

Analysis and Commentary

Four-Day School Weeks And Pathway 2 Tomorrow

by Paul E. Petersonvia The Education Exchange
Monday, October 29, 2018

Hanna Skandera, Editor-in-chief of The Line and former Secretary of Education for New Mexico, sits down with Paul E. Peterson to discuss the four-day school week and Pathway 2 Tomorrow, a call for innovative proposals to broaden education.

Analysis and Commentary

Averting The Multiemployer Pension Solvency Crisis

by Charles Blahousvia Mercatus Center
Friday, October 19, 2018

The Pension Benefit Guaranty Corporation (PBGC) multiemployer pension insurance program faces projected insolvency, driven by systemic underfunding of multiemployer pension plans. To address this brewing crisis, Congress has established a joint select committee to develop multiemployer pension reforms.

Analysis and Commentary

Adam Smith Anti-Imperialist

by David R. Hendersonvia Econlog
Friday, October 26, 2018

One of the most surprising parts of Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations is his Chapter Seven of Book Four, titled “Of Colonies.”In it, Smith discusses the effects of colonization by governments in Europe. Of particular interest is Smith’s discussion of the effects of the British government’s treatment of the thirteen colonies in North America.

Interviews
Interviews

Law Talk With Richard Epstein: The Big Leagues

interview with Richard A. Epstein, John Yoovia Law Talk
Saturday, October 27, 2018

Hoover Institution fellow Richard Epstein discusses whether Michael Avenatti should stand trial for his role in the Kavanugh hearings, international law and the Jamal Khashoggi murder, and President Trump's options to stop the migrant caravan from Central America from entering the US.

Interviews

Economy, Immigration, Kavanaugh Among Key Issues In Election, Hoover's Lanhee Chen Says

interview with Lanhee J. Chenvia Bloomberg
Sunday, October 28, 2018

Hoover Institution fellow Lanhee Chen discusses the congressional elections.

Interviews

Lanhee Chen: What Midterms Will Mean For The US Economy

interview with Lanhee J. Chenvia CNBC
Monday, October 29, 2018

Hoover Institution fellow Lanhee Chen discusses the state of the economy ahead of the midterm elections.

In the News
In the News

Report: ‘California Dream’ At Risk, Reforms Urged

Monday, October 29, 2018
Hoover Institution, Stanford University

While California is an economic powerhouse, people living in the Golden State would enjoy brighter futures and hundreds of billions of dollars in cost savings if market-oriented policy reforms were adopted and regulations eased, suggests a new Hoover Institution report.

News
In the News

Most Americans Say Their Finances Have Not Improved Since The 2016 Election

quoting Michael J. Boskinvia Market Watch
Sunday, October 28, 2018

As the midterm elections approach, a new survey says a majority of Americans do not feel their financial situation has improved since Donald Trump was elected president in 2016.

In the News

A Big Bright Side

quoting Morris P. Fiorinavia World Magazine
Thursday, October 25, 2018

Have you heard any good news lately? In the clamor of furious partisans, furious weather, and furious rhetoric, it doesn’t seem like it. Random conversations on the bus or in the checkout line, if they go beyond cute shoes or that book I’m holding, often end with sighs and head-shaking. Prices going up, kids don’t listen, can’t afford my mortgage, worried about my health coverage. Wall Street banksters, rotten Republicans, demon Democrats—the world’s a mess.

In the News

Koreas Continue Tension-Easing Talks As The North Criticizes US

quoting H. R. McMastervia VOA News
Friday, October 26, 2018

North and South Korea continued joint military talks Friday in the truce-village of Panmunjom. The talks took place as the Joint Security Area (JSA) began implementing new protocols designed to reduce tension, while North Korea continued criticizing the United States’ push for continued sanctions.

In the News

Lest We Forget

quoting Niall Fergusonvia Politics Web
Sunday, October 28, 2018

Sunday next but one, 11th November 2018, will be the hundredth anniversary of the end of what we now know as the First World War. Those who died did not know, and would scarcely have believed, that "the war to end all wars" would be followed only 21 years later by the Second World War.

an image
In the News

German SPD Leader Gives Merkel An Ultimatum After State Vote Losses

quoting Josef Joffevia US News
Saturday, October 27, 2018

Chancellor Angela Merkel's junior coalition partners gave her conservatives until next year to deliver more policy results, threatening to end their alliance if there is no improvement after both parties suffered in a regional election on Sunday.

In the News

Henderson Speech In Dallas On Friday

mentioning David R. Hendersonvia EconLog
Sunday, October 28, 2018

This coming Friday, I’ll be giving the luncheon (keynote) speech at an event at the University of Texas in Dallas. The title of my talk: “How Freedom Solves People’s Problems.” I chose the title a couple of months ago. In working on the talk last week, I realized that the language is too passive. It makes it sound as if freedom solves people’s problems without their doing anything. That often does happen: the price of computing power has fallen like a stone without any input from me. But often people need to use their freedom to solve their problems. So my actual talk will be on “How Freedom Helps People Solve Problems.”