Hoover Daily Report
Featured
Featured

Donald Trump Vs. Adam Smith

by David R. Hendersonvia Defining Ideas
Friday, September 6, 2019

Should We Worry About the American Trade Deficit?

Featured

Boris Vs. Jo — Oh Brother

by Niall Fergusonvia Boston Globe
Monday, September 9, 2019

To lose 21 members of Parliament may be regarded as a misfortune; to lose your own brother looks like carelessness. Back in 2010, British Prime Minister Boris Johnson mocked David and Ed Miliband after the latter defeated his elder brother in the Labor party’s 2010 leadership race.

Featured

Symposium: Title VII Did Not And Does Not Extend To Sexual Orientation Or Gender Identity — In 1964 Or Today

by Richard A. Epsteinvia SCOTUS Blog
Friday, September 6, 2019

Political and legal discourse has changed much since 1964, when sex was added, almost as an afterthought, to the list of forbidden grounds of discrimination under Title VII of the Civil Rights Act of 1964. What seemed risqué in 1964 seems positively old guard in 2019. So one looming battle of the current Supreme Court term is whether Title VII covers the sexual-orientation claims raised in Bostock v. Clayton County, Georgia and the gender-identity claims raised in R.G. & G.R. Harris Funeral Homes Inc. v. EEOC. The short answer is: It doesn’t.

Featured

The Values That Economics Cannot Measure

by Timothy Kanevia Real Clear Politics
Saturday, September 7, 2019

Divorced, excommunicated, 25 years old with three children, my mom never felt sorry for herself. She told me time and again during my boyhood that we should appreciate everything we had. Take nothing for granted.

Featured

The Monroe Doctrine And Current U.S. Foreign Policy

via Strategika
Monday, September 9, 2019

Strategika Issue 60 is now available online. Strategika is an online journal that analyzes ongoing issues of national security in light of conflicts of the past—the efforts of the Military History Working Group of historians, analysts, and military personnel focusing on military history and contemporary conflict.

Analysis and Commentary
Analysis and Commentary

Trump Can Move Funds For Border Wall — And The Supreme Court Will Back Him

by John Yoo, Matthew Petersonvia Fox News
Sunday, September 8, 2019

The Constitution does not prevent President Trump from moving federal funds to build a wall on the southern border — and the Supreme Court will not rule otherwise.

Analysis and Commentary

Daron Acemoglu On Shared Prosperity And Good Jobs

by Russell Robertsvia EconTalk
Monday, September 9, 2019

Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.

Analysis and Commentary

Low Bond Yields

by John H. Cochranevia Grumpy Economist
Sunday, September 8, 2019

Why are interest rates so low?Here is the 10 year bond yield, by itself and subtracting the previous year's inflation (CPI less food and energy). The 10 year yield has basically been on a downward trend since 1987.  One should subtract expected 10 year future inflation, not past inflation, and you can see the extra volatility that past inflation induces. But you can also see that real yields have fallen with the same pattern.

Analysis and Commentary

Biden Or Bust?

by Victor Davis Hansonvia American Greatness
Sunday, September 8, 2019

For better or worse, the Democratic establishment apparently has decided it has no choice but to embrace the former vice president. Can he be propped up and pampered for the next 14 months?

Analysis and Commentary

E Pluribus Plures

by Bing Westvia Strategika
Friday, September 6, 2019

A doctrine is a set of guiding principles shared widely by an organization or a nation. The Monroe Doctrine of 1823 stated that any effort by a European nation to take control of any North or South American country would be viewed as “the manifestation of an unfriendly disposition toward the United States.” In 1962, the Doctrine was invoked during the Cuban Missile Crisis. With the support of the Organization of American States (OAS), President Kennedy established a naval quarantine around the island.

Analysis and Commentary

Review: The Ungrateful Refugee By Dina Nayeri

by Timothy Kanevia Medium
Saturday, September 7, 2019

Nayeri’s first work of non-fiction is as stunning and original as its title. Born into a wealthy family in Iran, she sought freedom in the West and confesses intensely lyrical resentments about her status as a refugee, first in a converted countryside hotel in Italy and ultimately to a frustrating childhood in Oklahoma. The opening chapter will hit you like a hammer, forcing you to rethink your outlook on the global waves of migration that grow larger every year. You’ll rethink, no matter what your current view is.

Analysis and Commentary

Checking In On School Reforms In New Orleans

by Paul E. Petersonvia The Education Exchange
Monday, September 9, 2019

Doug Harris, Professor and Department Chair of Economics at Tulane University, joins Paul E. Peterson to discuss his new study, “How is New Orleans School Performance Evolving, and Why?,” co-authored with Lihan Liu, Alica Gerry, and Paula Arce-Trigatti, and how school choice and performance-based contracting have fared after 15 years.

Analysis and Commentary

Understanding Chinese President Xi Jinping’s Motivation And Ambition

by Alvin Rabushkavia Thoughtful Ideas
Monday, September 9, 2019

Apart from a brief flirtation with democracy immediately after the fall of the Qing Dynasty in 1911 and the emergence of multi-party democracy in Taiwan in 1992, autocrats have ruled China throughout its history.

Analysis and Commentary

The “Left Behind” Kids Made Incredible Progress From The Late 1990s Until The Great Recession. Here Are Key Lessons For Ed Reform.

by Michael J. Petrillivia EducationNext
Monday, September 9, 2019

This summer, I’ve been trying to make sense of the sizable gains made by America’s lowest-performing students and kids of color that coincided with the peak of the modern education reform movement. Today, I wrap up the series by offering some personal reflections on what we’ve learned. But first, let’s recap the facts and acknowledge the vast amount of ground yet to cover.

Analysis and Commentary

Murphy On Henderson And Carbon Taxes

by David R. Hendersonvia EconLog
Sunday, September 8, 2019

There are several problems here. First, even if we agreed that government (as opposed to private) payments for tree-planting made sense, it doesn’t at all follow that the revenue should come from a carbon tax. In general, raising a dollar of revenue from a tax on carbon content hurts the economy more than raising a dollar from taxing labor or consumption. (My article on the “tax interaction effect” gives the economic intuition behind this point.)

Analysis and Commentary

Author On British Inheritance Misses Two Important Points

by David R. Hendersonvia EconLog
Saturday, September 7, 2019

In a recent article titled “Is property inheritance widening the wealth gap?” author James Gordon points out that people in Britain who own houses will often leave them to their adult children and, thus, adult children of Brits with no houses will see a large gap between their wealth and those of their housing-endowed peers.

Interviews
Interviews

James Mattis Says Trump Should "Verify, Then Trust" In Negotiations With Taliban

interview with General Jim Mattisvia CBS News
Sunday, September 8, 2019

Hoover Institution fellow Jim Mattis said he supports efforts by the Trump administration to secure a diplomatic end to the 18-year conflict with Taliban militants in Afghanistan, but cautioned against a peace agreement that doesn't prevent the country from becoming a safe haven for terrorist groups determined to harm the US.

Interviews

Kevin Hassett Says Trump’s Trade War Is Worth the Cost

interview with Kevin Hassettvia The Atlantic
Sunday, September 8, 2019

Hoover Institution fellow Kevin Hassett discusses China and the US-China trade war.

Interviews

John Yoo: Cancel Culture Takes Aim At The Oil And Gas Industry

interview with John Yoovia Fox News
Friday, September 6, 2019

Hoover Institution fellow John Yoo discusses fighting climate change by attacking the fossil fuel industry as well as other problems with the "cancel" culture.

In the News
In the News

The Man Trump Wishes He Were

featuring General Jim Mattisvia The New York Times
Thursday, August 29, 2019

In the first few months of his presidency, Donald Trump surrounded himself with a certain sort of ramrod military man: John Kelly, Michael Flynn, H.R. McMaster and Jim Mattis. These men had or appeared to have the kind of manly virtues and bearing that Trump likes to see in himself: courage, toughness, combativeness.

In the News

Mattis Calls Out Deniers Of Climate Change, Urges Them To Ensure Next Generation Isn’t ‘Caught Flat-Footed’

featuring General Jim Mattisvia IJR
Friday, September 6, 2019

Former Defense Department Secretary James Mattis called on those who disagree with the threat of climate change to reconsider their position to protect future generations. The former defense secretary has been making the rounds publicizing the recent release of his book, giving more insight into political views after his exit from the Trump administration early this year.

In the News

Review: Call Sign Chaos - Learning To Lead

featuring General Jim Mattisvia NBC2
Monday, September 9, 2019

The Marines teach you, above all, how to adapt, improvise, and overcome. But they expect you to have done your homework, to have mastered your profession...

In the News

Here’s How To Get Through To Red-State Americans On Climate Change

quoting General Jim Mattis, George P. Shultzvia The Washington Post
Friday, September 6, 2019

As hurricanes become more intense, flooding more common and wildfires more deadly, Americans — regardless of their party affiliation — are dying from extreme weather events and are seeing their livelihoods damaged. The searing experience of Hurricane Harvey in Texas in 2017 might not have prompted Republican politicians to fight “climate change," but perhaps they can have a rational conversation about “rising ocean levels.” 

In the News

Nineteenth-Century Nihilists Foretold Our Era

quoting Victor Davis Hansonvia Foreign Affairs
Friday, September 6, 2019

Why the Age of Alternative Facts Might Have Unnerved Even Nietzsche.

In the News

Democracy In America Is Failing — Here's How We Can Still Make It Work

quoting Larry Diamondvia Salon
Sunday, September 8, 2019

American democracy is badly broken, but there’s no shortage of ways to improve it. One dramatic example will be on display in Dallas from Sept. 19 to 22, when a project called "America in One Room” will bring together a representative sample of more than 500 registered voters to engage in a process known as “deliberative polling” focused on five big issues: health care, immigration, the environment, the economy and foreign policy.

In the News

Economy Lessons From Chanakya

quoting Condoleezza Ricevia The Week
Saturday, September 7, 2019

Former Prime Minister Manmohan Singh advised his successor, Prime Minister Narendra Modi, to listen to ‘sane voices’ on the economy to be able to restore confidence in the government’s macroeconomic policies and policymaking. For a prime minister there is probably no one better to turn to for sane and sage advice on statecraft than Kautilya aka Chanakya.

In the News

5 Trillion Dollar Economy Of India: A Green Perspective

cited Raghuram Rajanvia Business Today
Sunday, September 8, 2019
After the liberalisation of the economy in 1991, despite economic growth, India has not done well in terms of protecting the natural environment.
In the News

Trump's Silence On Hong Kong Is Making America Weaker

quoting Larry Diamondvia Post Bulletin
Tuesday, August 20, 2019

As China and its unruly possession Hong Kong teeter on the edge of catastrophe, President Trump has issued a series of messages with a common theme: If his friend Xi Jinping decides to crack down on the city's pro-democracy movement, the United States will understand.

In the News

Why We Should Worry About The National Debt

quoting David Davenportvia Daily Journal Online
Saturday, September 7, 2019

The federal government is plunging deep into record-breaking debt, undermining the very foundations of our country and its economic health.

In the News

An Artificial-Intelligence First: Voice-Mimicking Software Reportedly Used In A Major Theft

quoting Andrew Grottovia Post Bulletin
Friday, September 6, 2019

Thieves used voice-mimicking software to imitate a company executive's speech and dupe his subordinate into sending hundreds of thousands of dollars to a secret account, the company's insurer said, in a remarkable case that some researchers are calling one of the world's first publicly reported artificial-intelligence heists.

In the News

Why The Coming Recession Could Force The Federal Reserve To Swap Greenbacks For Digital Dollars

quoting Michael D. Bordo, Milton Friedmanvia Market Watch
Saturday, September 7, 2019

The Federal Reserve has never been more famous than it is today. It drew praise, and ire, for its handling of the financial crisis a decade ago, and the extraordinary measures it took subsequently to stimulate the U.S. economy have made it an important driver of financial markets. Meanwhile, President Trump has made its chairman, Jerome Powell, a household name by frequently criticizing the central bank’s policies on Twitter and to the press.

In the News

China Keeps Booting US Journalists. We Keep Admitting Theirs.

quoting Hoover Institutionvia The Washington Post
Saturday, September 7, 2019

China’s Leaders can amass significant personal fortunes, using family members to conceal the wealth. They want to hide it because in public they must preserve the image of humble, sacrificing members of the Chinese Communist Party, even if they are really profiting nicely from capitalism. Thus, the secret wealth of these pooh-bahs is one of the most sensitive and taboo topics in China today.

Stanford Oval
In the News

If Not Snapchat, What? A Guide To Stanford's Non-Tech Fiefdoms

mentioning Hoover Institution, Michael McFaul, Condoleezza Ricevia New York Magazine
Saturday, September 7, 2019

Stanford (as we explored earlier this week) has become as much a tech incubator as a university — a four-year finishing school for the elite of Silicon Valley. But, of course, there are more worlds than the tech industry, and more reasons than “tech wealth” that the university is consistently named the No. 1 “dream college” for both parents and students. Many paths to fame, fortune, and power run through Stanford — here are just a few.

In the News

In Brief: The Mountbattens; This Is Happiness; Churchill – Reviews

mentioning Andrew Robertsvia The Guardian
Sunday, September 8, 2019

A revelatory aristocratic life by Andrew Lownie, a magical novel from Niall Williams and an incisive political biography by Andrew Roberts.

In the News

Spin Wars And Spy Games: Global Media And Intelligence Gathering

mentioning Markos Kounalakisvia Commonwealth Club
Monday, September 9, 2019

As most long-standing news outlets have shuttered their foreign bureaus and print operations, the role of Global News Networks (GNNs) as information collectors and policy influencers has changed. Western GNNs are both untethered to government entities and able to produce accurate yet critical situational analyses. But due to the emergence of other GNNs owned or directed by national governments, the global news cycle has become thoroughly manipulatable.