Hoover Daily Report
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Federal Reserve
Featured

Is The Fed Pulling Or Pushing?

by John H. Cochranevia Grumpy Economist
Friday, September 18, 2015

I did a little interview with Mary Kissel of the Wall Street Journal, following up on thursday's oped. Mary is, as you can tell, a well-informed interviewer and asks some tough questions.

Featured

Don’t Get Too Excited About A US-China Arms Control Agreement For Cyber

by Jack Goldsmithvia Lawfare
Monday, September 21, 2015

David Sanger reported over the weekend that “the United States and China are negotiating what could become the first arms control accord for cyberspace, embracing a commitment by each country that it will not be the first to use cyberweapons to cripple the other’s critical infrastructure during peacetime.

Featured

Hoover Institution Hosts Fall Media Roundtable

Monday, September 21, 2015
Hoover Institution, Stanford University

The Hoover Institution held its fall media roundtable on September 14 and 15, 2015 with a focus on the White House 2017 agenda.   

News
Featured

An Overdue Budget Reform: Prohibit Double-Counting Of Medicare Savings

by Charles Blahousvia E21
Sunday, September 20, 2015

Key members of Congress, notably the chairs of the budget committees, have recently signaled interest in reforming a “broken” federal budget process.

Analysis and Commentary
Analysis and Commentary

Tina Rosenberg On The Kidney Market In Iran

by Russ Robertsvia EconTalk
Saturday, September 19, 2015

There is only one country in the world where a person can sell a kidney to another citizen who buys it. That country is Iran.

Analysis and Commentary

The 2016 Pack

by Victor Davis Hansonvia Works and Days
Sunday, September 20, 2015

Plus some thoughts on Michael Walsh’s The Devil’s Pleasure Palace, and the damage inflicted upon American culture by the Frankfurt School.

Analysis and Commentary

Russia And The Separatists Aren't On The Same Page

by Paul R. Gregoryvia Forbes
Friday, September 18, 2015

Vladimir Putin’s military operations have stretched Moscow’s military to its limits. Russia has mobilized forces from all parts of the Russian Federation for its southeast Ukraine operations.

Analysis and Commentary

Four Things To Expect From Carly Fiorina, Between Now And The Next GOP Debate

by Bill Whalenvia Forbes
Sunday, September 20, 2015

In the politics of the Information Age, it shouldn’t come as a surprise that Carly Fiorina’s strong debate performance this past week is the stuff of instant gratification.

Analysis and Commentary

What Politicians Should Learn about Vaccination

by Henry I. Miller mentioning Kori Schakevia National Review
Saturday, September 19, 2015

My Hoover Institution colleague Kori Schake wrote about last Wednesday’s GOP debate that, when it comes to foreign policy, the contenders still have a lot to learn. The same is true about vaccines and vaccination policy.

Analysis and Commentary

Crying Lone Wolf? Fires Used In Warfare, Terrorism

by Markos Kounalakisvia Sacramento Bee
Saturday, September 19, 2015

Terror strikes at the heart of anyone who faces a wall of fast-moving fire. Last week’s Northern California Butte and Valley fires remind everyone of the fear and destruction that follows any raging blaze, regardless of how it starts.

Analysis and Commentary

We're Number 16! We're Number 16!

by David R. Hendersonvia EconLog
Monday, September 21, 2015

Four years ago, when the then latest issue of Economic Freedom of the World was published, I wrote a post titled "We're Number 10! We're Number 10!" The reason: according to the study, the United States had fallen to 10th in the world in economic freedom.

Analysis and Commentary

Despite Being Muslim…Bedtime Reading For The Culture Minister

by Tunku Varadarajanvia Indian Express
Sunday, September 20, 2015

Our culture minister is a man who can’t quite bring himself to believe that Muslims can be proper Indians.Our culture minister is a man who can’t quite bring himself to believe that Muslims can be proper Indians.

Analysis and Commentary

German Chancellor Angela Merkel Should Read The Camp Of The Saints

by Alvin Rabushkavia Thoughtful Ideas
Saturday, September 19, 2015

In 1973 Jean Raspail published an apocalyptic novel entitled The Camp of the Saints. It was a story depicting the destruction of Western civilization, which began innocently enough with the Belgian government announcing in Calcutta, India, a policy of adopting Indian babies and raising them in Belgium.

Analysis and Commentary

Friday Night Video: Government Shows Its Love By Choosing Your Health Insurance

by David R. Hendersonvia EconLog
Friday, September 18, 2015

This is Episode 3 of the 5-episode Love Gov series put out by the Independent Institute. It's titled "Love Gov: A Remedy for Health Choice."

Analysis and Commentary

Deep History And Europe’s Migrant Crisis: The Media Present A Dishonest, One-Sided Picture

by Ralph Petersvia Military History in the News
Friday, September 18, 2015

As I write, guards are using water cannons and tear gas to turn back Middle Eastern migrants and refugees storming Hungary’s border. The media are on the side of the migrants. History sympathizes with the Hungarians.

Interviews
Interviews

John Cochrane: In Praise of the Federal Reserve

interview with John H. Cochranevia The Wall Street Journal
Friday, September 18, 2015

Hoover Institution fellow John Cochrane argues the central bank was right to keep interest rates near zero.

Victor Davis Hanson
Interviews

Victor Davis Hanson: Effects Of Refugee Crisis In Europe Will Not Be Known For Decades

interview with Victor Davis Hansonvia Garrison (WIBC)
Friday, September 18, 2015

Hoover Institution fellow Victor Davis Hanson discusses the European refugee crisis and the long-term effects on culture and power.

Interviews

Thomas Sowell: Misinformed Electorate Shouldn't Vote

interview with Thomas Sowellvia Fox Business
Friday, September 18, 2015

Hoover Institution fellow Thomas Sowell discusses Donald Trump and the 2016 elections.

Interviews

Thomas Sowell: Economy Was Worse Off After Fed Was Created

interview with Thomas Sowellvia Fox Business
Friday, September 18, 2015

Hoover Institution fellow Thomas Sowell discusses Ronald Reagan, which GOP candidates impress him and the markets and Fed.

Interviews

Tunku Varadarajan On The John Batchelor Show (19:15)

interview with Tunku Varadarajanvia The John Batchelor Show
Friday, September 18, 2015

Hoover Institution fellow Tunku Varadarajan gives his insights on Mohammad Zahoor in the Ukraine.

William J. Perry
Interviews

William Perry: Obama Should Visit Hiroshima To Underscore Inhumanity Of Nuclear Weapons

interview with William J. Perryvia The Asahi Shimbun
Saturday, September 19, 2015

Former U.S. Defense Secretary William Perry says President Barack Obama should visit Hiroshima and Nagasaki “not to apologize” but to use the experience of being at ground zero of the 1945 atomic bombings as a “vehicle” for getting his message across on the inhumanity of nuclear weapons.

In the News
In the News

Real World Economics: Economist's Talk Underscores Lack Of Voices On The Right

featuring John B. Taylorvia TwinCities.com
Sunday, September 20, 2015

On Thursday, Sept. 10, John Taylor, one of the most experienced and widely respected economists who identifies as Republican, gave an articulate ...

In the News

Niall Ferguson's Biography Of Henry Kissinger Is A Masterpiece

featuring Niall Ferguson, Henry A. Kissingervia The Spectator
Saturday, September 19, 2015

Former British ambassador Sherard Cowper-Coles hails the Kissinger biography as ‘a great work about a great man by a great historian’.

In the News

Russia's Political Opposition Must Get Its Act Together

quoting Michael McFaulvia The Moscow Times
Sunday, September 20, 2015

Any postmortem of Russia's recent regional elections should begin with hearty and sincere praise for those in the opposition who had the courage and invested the time necessary to run, and worked to support campaigns and protect the vote.

In the News

What Would Reagan Do About CO2?

quoting George P. Shultzvia Huffington Post
Sunday, September 20, 2015

There have been plenty of postmortems on the Republican presidential debate last week. But before the debate fades further into history, at least one of the issues the candidates touched upon deserves deeper background.

In the News

How San Jose, San Diego Pension Measures Have Fared

quoting Joshua D. Rauhvia San Jose Mercury News
Sunday, September 20, 2015

On the same June 2012 Election Day, California's second- and third-largest cities -- chic beachfront San Diego and high-tech hub San Jose -- made national headlines when voters overwhelmingly approved sweeping measures to trim municipal retirement benefits whose mounting costs were devouring their budgets.

In the News

Are Democrats And Republicans Talking About The Same Country?

quoting Edward Paul Lazearvia The Washington Post
Monday, September 21, 2015

To the Democratic candidates, the 2016 presidential campaign is about shrinking the gap between rich and poor; combating climate change; and expanding voting rights, gay rights and workplace equality for women.

In the News

Leave No One Behind

quoting Michael Spencevia Center for American Progress
Friday, September 18, 2015

The past several decades have witnessed unprecedented levels of global growth and a mass exodus of people out of chronic poverty: poverty rates have been cut by more than half since 1990; child mortality rates have fallen by more than 30 percent since 2000; and new HIV infections declined by 38 percent between 2001 and 2013.

Immigration
In the News

California GOP Softens On Immigration, But Will Message Get Drowned Out?

quoting Bill Whalenvia Sacramento Bee
Sunday, September 20, 2015

The California Republican Party’s adoption of a more moderate plank on immigration Sunday marked a step forward in the party’s long, mostly fruitless effort to draw more Latino voters into its fold.

In the News

Obama Has Vastly Changed The Face Of The Federal Bureaucracy

quoting Tammy Frisbyvia The Washington Post
Sunday, September 20, 2015

Friday afternoon announcements in Washington are usually aimed at attracting as little attention as possible, but last Friday was different. President Obama’s decision to nominate Eric Fanning — an openly gay man — to head a branch of the military which only four years ago did not allow gays and lesbians to serve openly, was both historic and attention-grabbing.

Federal Reserve
In the News

It’s Time To Reconsider The Fed’s Dual Mandate

quoting Charles Calomiris, Allan H. Meltzervia e21, Economic Policies for the 21st Century
Friday, September 18, 2015

All this week, people anxiously awaited results from the Federal Reserve’s Federal Open Market Committee meeting in Washington, D.C. Though many expected the FOMC would decide to finally raise interest rates and begin to normalize monetary policy, on Thursday it was announced that rates would remain near zero.

In the News

History Review: ‘Worldmaking: The Art And Science Of American Diplomacy,’ By David Milne

quoting Henry A. Kissingervia Dallas Morning News
Saturday, September 19, 2015

This is a remarkable book. David Milne, a professor at the University of East Anglia in the United Kingdom, scrutinizes the work of nine Americans who, beginning in the late 19th century, shaped their country’s relationship with the rest of the world.

In the News

Closing Moscow's American Center: A Blow To Bilateral Cultural Dialogue

mentioning Michael McFaulvia Russia Direct
Monday, September 21, 2015
The latest victim of rising anti-Americanism in Russia is the American Center in Russia, which now appears to be at the center of a renewed push by the Russian authorities to reduce American influence within the nation.