Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

A Few Things the Fed Has Done Right -- The Oped

by John H. Cochrane via Grumpy Economist
Monday, September 22, 2014

Now that 30 days have passed, I can post the whole oped from the Wall Street Journal. See previous post for additional commentary.

Analysis and Commentary

How the Education Spendthrifts Get Away With It

by Paul E. Petersonvia Wall Street Journal
Sunday, September 21, 2014

Money for schools has again become a campaign issue. In the Florida governor's race, Charlie Crist says that the "first thing [Gov. Rick Scott ] does when he comes in . . . is cut education by $1.3 billion."

Analysis and Commentary

Ongoing “Covert” Training of Syrian Rebels: But Is It Still Covert . . . , And, If So, Why?

by Jack Goldsmith, Marty Ledermanvia Lawfare
Monday, September 22, 2014

Last week Congress approved, and the President signed, legislation that authorizes the Secretary of Defense (see section 149) to “provide assistance, including training, equipment, supplies, and sustainment, to appropriately vetted elements of the Syrian opposition and other appropriately vetted Syrian groups and individuals,” for three specified purposes, including “defending the Syrian people from attacks by the Islamic State of Iraq and the Levant (ISIL), and securing territory controlled by the Syrian opposition.”

The Palace of Westminster, London, serves as the Parliament chamber
Analysis and Commentary

Let’s Not Fear the F-word or the C-word: We Should Move to a Federal Britain in a Confederal Europe

by Timothy Garton Ashvia Guardian (UK)
Sunday, September 21, 2014

It’s a pity that FKB sounds like one of Vladimir Putin’s secret services, because the Federal Kingdom of Britain is what the British now need. Otherwise, the United Kingdom will become an Untied Kingdom.

Analysis and Commentary

Scotland’s No Echoes Europe’s Yes to Grand Coalitions

by Niall Fergusonvia Financial Times
Sunday, September 21, 2014

The union is saved. Alex Salmond, Scotland’s nationalist first minister, has resigned. All the ink spilled on the benefits and costs of an independent Scotland can be consigned to counterfactual history. The only pressing question is the significance – and consequences – of the No vote.

Federal Reserve chair Janet Yellen.
Analysis and Commentary

Yellen on the Poverty of the Poor.

by John H. Cochrane via Grumpy Economist
Saturday, September 20, 2014

I ran across this interesting speech by Fed Chair Janet Yellen, "The importance of asset building for low and middle income households."

Analysis and Commentary

Thomas Piketty on Inequality and Capital in the 21st Century

by Russell Robertsvia EconTalk
Monday, September 22, 2014

Thomas Piketty of the Paris School of Economics and author of Capital in the Twenty-First Century talks to Econtalk host Russ Roberts about the book. The conversation covers some of the key empirical findings of the book along with a discussion of their significance.

Economics Abstract
Analysis and Commentary

Capital Language

by John H. Cochrane via Grumpy Economist
Friday, September 19, 2014

Sometimes the press deserves a little applause. Peter Coy at Business Week and Pat Regnier at Time both wrote articles very nicely explaining bank capital and many fallacies around it.

Joseph D. McNamara
Analysis and Commentary

Joe McNamara Dies; Iconic Former Police Chief

featuring Joseph D. McNamaravia San Jose Mercury News
Monday, September 22, 2014

SAN JOSE -- Joseph D. McNamara, the iconic former chief who helped usher San Jose and its police force into an era of national prominence in public safety, has died after his latest bout with cancer.

an image
Analysis and Commentary

Response to Krugman on My Canada Study

by David R. Hendersonvia EconLog
Sunday, September 21, 2014

"I think this qualifies as a cockroach idea (zombies just keep shambling along, whereas sometimes you think you've gotten rid of cockroaches, but they keep coming back.) I thought we had disposed of all this four years ago. But nooooo."

Analysis and Commentary

6 Weeks To Go, 6 Things to Watch . . .

by Bill Whalenvia A Day At The Races
Monday, September 22, 2014

Tomorrow marks another milepost until Election Day and the second midterm vote of the Obama presidency. With six weeks remaining, here are six factors to keep in mind.

Analysis and Commentary

Germany Exports Massive Amounts of Arms, Hypocrisy

by Josef Joffevia Reuters
Monday, September 22, 2014

Who is the world’s No. 3 arms exporter, after the United States and Russia? Surprise. It is Germany, a country bound by law to supply only allies and peaceable folks like (neutral) Switzerland or Sweden. Off limits are “areas of tension” — bad neighborhoods that actually need the stuff.

Analysis and Commentary

Greece is a Good Insurance Policy for the West

by Markos Kounalakisvia Sacramento Bee
Sunday, September 21, 2014

PYLOS, Greece – Marble statues are nothing new in Greece. Recently uncovered in the northern Greek town of Amphipolis are a couple of elaborately sculpted, fully hair-braided caryatids standing at the entryway to an elaborate Alexander the Great-era tomb.

an image
Analysis and Commentary

Contentions Obama vs. the Generals

by Max Bootvia Commentary
Friday, September 19, 2014

I have been writing in recent days that President Obama’s halfhearted strategy to battle ISIS–authorizing only a few air strikes and ruling out “boots on the ground”–may degrade the group but will not destroy it. A more robust effort is needed, I believe, to confront this cancer growing in the Middle East.

Interviews
Visas
Interviews

Victor Davis Hanson on the Don Kroah Show (30:07)

interview with Victor Davis Hansonvia Don Kroah Show
Monday, September 22, 2014

Senior Fellow Victor Davis Hanson discusses immigration reform on the Don Kroah Show.

US Political Parties
Interviews

Bill Whalen on the Larry Kudlow Show (115:07)

interview with Bill Whalenvia Larry Kudlow Show
Saturday, September 20, 2014

Research Fellow Bill Whalen discusses the upcoming elections on the Larry Kudlow Show.

In the News
David Cameron, Prime Minister of the United Kingdom
In the News

Scottish Independence: Strong Democracy, Weak Government

quoting Larry Diamondvia Forbes
Friday, September 19, 2014

Scottish voters have spoken: They want to remain part of the United Kingdom. British Prime Minister David Cameron gambled and won, but barely, and after offering last-minute economic and political concessions. Cameron came close to losing because he underestimated the power of democracy and overestimated the power of his government.

In the News

Viewing the World Through an Elder Statesman's Eyes

featuring Henry A. Kissingervia TribLive
Saturday, September 20, 2014

At age 91, Henry Kissinger shows in his new book, “World Order” (The Penguin Press), that his realpolitik outlook is as firm and free of illusion as ever.