Hoover Daily Report
Featured
Featured

Stiglitz, Summers, Secular Stagnation, And The Supply Side

by John B. Taylor mentioning John F. Coganvia Economics One
Sunday, September 16, 2018

Joe Stiglitz recently published an attack, “The Myth of Secular Stagnation,” on Larry Summers’ hypothesis of secular stagnation, a revival of a term used by Alvin Hansen decades ago. Larry first presented his secular stagnation hypothesis at a conference jointly hosted by the Brookings Institution and the Hoover Institution on October 1, 2013, during the fifth anniversary of the financial crisis. It has gone viral since then.

Featured

Can The Great Recession Happen Again?

by Niall Fergusonvia Boston Globe
Monday, September 17, 2018

I am not quite sure exactly when I received “The Subprime Primer,” a slide deck that someone e-mailed me early in 2008. I do remember thinking that it was unlikely ever to be surpassed as an introduction to the financial chain reaction that began as I was writing “The Ascent of Money” and reached its climax in the months after the failure of Lehman Brothers, the 10th anniversary of which fell Saturday.

Featured

Anonymity: The New Refuge Of Scoundrels

by Victor Davis Hansonvia American Greatness
Monday, September 17, 2018

Just when observers had concluded the desperate progressive opposition to Brett Kavanaugh’s nomination to the U.S. Supreme Court could not stoop much lower, it most certainly did.

Featured

The 9/11 Attacks Were No Pearl Harbor

by Bruce Thorntonvia FrontPage Mag.com
Friday, September 14, 2018

Comparing the jihadist attacks on September 11, 2001 to the December 7, 1941 attack on Pearl Harbor has become a staple of commentary on the worst terrorist attack in U.S. history. Google this topic and nearly half a million links will pop up; google “lesson plans” and you’ll get nearly five million hits. In the catalogue of historical analogies, the comparison of 9/11 to 12/7 is perhaps the most popular outside the historians’ guild.

Analysis and Commentary
Analysis and Commentary

Area 45: Michael Anton On “The Flight 93 Election” Two Years Later

with Michael Antonvia Area 45
Monday, September 17, 2018

The choice between Donald Trump and Hillary Clinton is not unlike the doomed airliner that crashed during the 9/11 attacks according to Hillsdale College political lecturer and research fellow, Michael Anton.

Analysis and Commentary

Paul Bloom On Cruelty

by Russell Robertsvia EconTalk
Monday, September 17, 2018

Yale University psychologist Paul Bloom talks with EconTalk host Russ Roberts about cruelty--what motivates cruelty, the cruelty of small acts that accumulate into something monstrous, and the question of whether the abuse of a robot is a form of cruelty.

Analysis and Commentary

The Education Exchange: The EdNext Poll Vs. The PDK Poll

by Paul E. Petersonvia The Education Exchange
Monday, September 17, 2018

Education Next and PDK both released the results of major surveys of public opinion about education in recent weeks. Joshua Starr, the president of PDK, joins Paul E Peterson to discuss the results of the two surveys.

Analysis and Commentary

Finding The Sweet Spot Between Defeatism And Utopianism When Setting School Standards

by Michael J. Petrillivia Flypaper (Fordham Education Blog)
Friday, September 14, 2018

“But you support the Common Core!” So said Laura Jimenez of the Center for American Progress on the Education Gadfly Show podcast when I argued that it was a mistake to peg high school graduation standards to the “college-ready” level. Guilty as charged. I do support the Common Core, which is designed to get students to “college and career readiness” by the end of high school. 

Analysis and Commentary

Henderson On Krueger On Terrorism

by David R. Hendersonvia EconLog
Saturday, September 15, 2018

How serious a problem is terrorism? Krueger’s table of relative risks shows that the answer is “not very.” An American’s lifetime risk of being killed by a terrorist, calculates Krueger, is 1:69,000. Compare that to the 1:88 chance of being killed in a motor vehicle accident and the even more serious 1:7 risk of dying from cancer and 1:4 risk of dying from heart disease.

Analysis and Commentary

Don Boudreaux's Ah-Hah Moment

by David R. Hendersonvia EconLog
Monday, September 17, 2018

In “The Greatest Service Economists Perform,” published this morning by the American Institute for Economic Research, Don Boudreaux tells a story that he had told me in shorter form many years ago. It’s one of my favorite stories about someone being “hooked on economics,” to the use the title of Chapter 2 of my book The Joy of Freedom: An Economist’s Odyssey.

Interviews
Interviews

Terry Anderson On The John Batchelor Show (Part 1)

interview with Terry Andersonvia The John Batchelor Show
Sunday, September 16, 2018

 Hoover Institution fellow Terry Anderson discusses his Defining Ideas article "Restoring Tribal Economies."

Interviews

Terry Anderson On The John Batchelor Show (Part 2)

interview with Terry Andersonvia The John Batchelor Show
Sunday, September 16, 2018

Hoover Institution fellow Terry Anderson discusses his Defining Ideas article "Restoring Tribal Economies."

Interviews

The Sunday Show With Michael McFaul

interview with Michael McFaulvia Hromadske
Sunday, September 16, 2018

Hoover Institution fellow Michael McFaul discusses trends in Ukraine and the region.

Interviews

Adam White On The John Batchelor Show

interview with Adam J. Whitevia The John Batchelor Show
Sunday, September 16, 2018

Hoover Institution fellow Adam White discusses his Yale Journal article "Digging Deeper than Deference."

Interviews

Jamil Jaffer: Brett Kavanaugh/US Supreme Court

interview with Jamil Jaffervia VOA News
Friday, September 14, 2018

Hoover Institution fellow Jamil Jaffer laments the increasing politicization of Supreme Court nominations and hearings. And, he does not believe that if Kavanaugh is confirmed that he would move the direction of the high court to the right on critical issues such as abortion rights, gay rights, affirmative action or the scope of executive power.

In the News
Thomas Sowell discusses Intellectuals and Society on Uncommon Knowledge.
In the News

Thomas Sowell Proves That Success Is Possible, No Matter The Odds

featuring Thomas Sowellvia The News Record
Monday, September 17, 2018

I wanted to take a second to praise somebody who ought to be recognized a lot more than he is. Thomas Sowell is a Senior Fellow at the Hoover Institute in Stanford. He is an economist who has written over 30 books and obtained a bachelor’s degree from Harvard, a master’s degree from Columbia and a Ph.D. in economics from the University of Chicago.

In the News

MIT-Stanford Energy Game Changers Symposium

Tuesday, September 18, 2018
Hoover Institution, Washington DC

The Hoover Institution hosted "MIT-Stanford Energy Game Changers Symposium" on Tuesday, September 18, 2018 from 8:45am - 1:00pm EST.

Event
In the News

Cooper: California, Here We Come?

quoting Lee Ohanianvia Times Free Press
Sunday, September 16, 2018

Lee Ohanian, an economist at the California-based Hoover Institution, recently described the change in economic climate in the state so envied in the 20th century for its beauty and its weather but also for its business approach.

In the News

The Deep State, Obama, And Destroying America

quoting Victor Davis Hansonvia American Thinker
Sunday, September 16, 2018

On April 22, national security adviser John Bolton said, "It's Open Season for Foreign Influence Operations. It's not just Vladimir Putin's Kremlin that is trying to influence our elections. So are communist China and sharia-supremacist Iran." 

In the News

YES 2018: Post-Putin Russia Is Hard To Predict But It’s Not Hopeless, Panelists Say

quoting Michael McFaulvia Kyiv Post
Saturday, September 15, 2018

Russian President Vladimir Putin has been in power for almost two decades and will stay for at least six years more. His leadership, however, has been so damaging for his nation and the world that many wonder: When will Putin’s era end and what is the future of Russia after Putin?

In the News

The Tricks Retirees Play On Themselves — That Can Cripple Their Investments

quoting Steven J. Davisvia Market Watch
Saturday, September 15, 2018

It’s human nature to believe that the economic and geopolitical uncertainties we face today are greater than ever before. But it’s also human nature to forget that it has been forever thus.

In the News

Lehman Brothers Crash 2008: Explaining The Crash That Changed The World As You Know It

quoting Niall Fergusonvia GQ
Saturday, September 15, 2018

On September 15, 2008, the United States investment banking giant Lehman Brothers Holdings Inc filed for bankruptcy. The crisis and panic it triggered not only resulted in loss of thousands of jobs but also resulted in a global financial crisis with many parts of the world plunged into recession.

In the News

Think 2008 Was Bad? Next Crash Set To Wipe $15 Trillion Off Stock And Property Markets

quoting Martin Feldsteinvia New Zealand Herald
Monday, September 17, 2018

The world's major economies are skating on dangerously thin ice and lack the fiscal, monetary, and emergency tools to fight the next downturn. A roster of top crisis veterans fear an even more intractable slump than the Lehman recession when the current ageing expansion rolls over. The implications for liberal democracy are sobering.

In the News

What They're Saying: Consequences Of The Financial Crisis

quoting Kevin Warshvia Axios
Saturday, September 15, 2018

Kevin Warsh, former Federal Reserve governor: "Too many Americans lost trust in our system of governance, lost belief in the market economy, and lost confidence in the American Dream; that faith must be revived, restored, and reaffirmed before the next economic downturn."

In the News

'Next Global Financial Crisis Could Trigger A 50% Plunge In Emerging Market Stocks'

quoting Raghuram Rajanvia International Business Times
Friday, September 14, 2018

Ten years after the fall of Lehmann Brothers triggered the great crisis of 2008, the world is edging closer to another bout of financial turmoil, according to researchers at JPMorgan.

In the News

Another Brutal Review Of Nancy Maclean, Democracy In Chains

quoting Jennifer Burnsvia Reason
Friday, September 14, 2018

As readers will recall, Duke history professor Nancy MacLean wrote a widely-publicized book, Democracy in Chains, that purports to be an intellectual history of the late public choice economist James Buchanan, and his asserted vast influence on current American politics. Critics, most but not all of them libertarians intimately familiar with Buchanan's life and legacy, have been harshly dismissive.

In the News

Rupee's Early Warning System Has Good News For You And Modi Government

quoting Raghuram Rajanvia The Economic Times
Friday, September 14, 2018

After witnessing three currency crises in a decade, India is watching the rupee’s zigzag show, wondering if it is headed for a fourth. India last witnessed currency crises in 2013, 2011, 2008 and 1997. 

In the News

Groysman Tells Condoleezza Rice About Changes In Ukraine

mentioning Condoleezza Ricevia Ukrinform News
Saturday, September 15, 2018

Ukrainian Prime Minister Volodymyr Groysman held a meeting with former U.S. Secretary of State Condoleezza Rice on Friday evening.

In the News

The Decline Of Western News

mentioning Markos Kounalakisvia World Affairs
Monday, September 17, 2018

Just as the global economy increasingly is influenced by rising powers in the East, so too is the global news media. Today, Western journalism is in decline. With fewer foreign correspondents, international bureaus and stringer networks from US and other Western news organizations around the world, the non-Western, often state-run media outlets from countries like China and Russia are filling in the gaps, growing rapidly and broadly. What are the implications of this shift in sourcing our international news?