Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Janet Yellen’s Speech On Policy Rules

by John B. Taylorvia Economics One
Thursday, February 26, 2015

For many years, going back to the days before Google and Google Scholar helped us find and keep track of things, I created a monetary policy rule home page with links to papers, articles and speeches on policy rules, including a written version of a 1996 speech by Janet Yellen on the Taylor rule.

Analysis and Commentary

A Five-Step Plan For European Prosperity

by Michael J. Boskinvia Project Syndicate
Wednesday, February 25, 2015
Though the Greek crisis has been placed on pause, the economic situation in Europe remains bleak. Eurozone growth is up slightly from its near-recession levels of a few months ago, but projections by the International Monetary Fund for 2015 and 2016 barely exceed 1%.
Analysis and Commentary

On RRP Pro And Con

by John H. Cochranevia Grumpy Economist
Wednesday, February 25, 2015

Thanks to a comment on the last post, I found The Fed working paper explaining Fed's thinking about overnight reverse repurchases, Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations by Josh Frost, Lorie Logan, Antoine Martin, Patrick McCabe, Fabio Natalucci, and Julie Remache.

Immigration
Analysis and Commentary

Illiberal Approach To Immigration Only Invites More Acrimony

by Victor Davis Hansonvia Tribune Media Services
Wednesday, February 25, 2015

A federal judge has temporarily blocked President Obama's executive order that overrode existing immigration law. The result is more acrimony and chaos.

Analysis and Commentary

Snowden And The Opposite Of Blowback

by Tod Lindbergvia The Briefing
Thursday, February 26, 2015

The Washington Post carried a truly revelatory story by Greg Miller in its December 29 editions, although the story perhaps failed to generate as much attention as it should have. Some of the neglect may have been a product of its publication between Christmas and New Year’s, but a larger share is surely attributable to the inconvenience of its content.

Economics Abstract
Analysis and Commentary

McCloskey On Piketty

by David R. Hendersonvia EconLog
Wednesday, February 25, 2015

I'm starting to work on a paper that I'll give at the APEE (Association for Private Enterprise Education) meetings in Cancun in April. The working title for the paper, although I might change it when it comes time to submit to a journal, is "Economic Inequality: When and How Does It Matter?"

Analysis and Commentary

Beware The Attack Of The Green Blob!

by Henry I. Miller, Kavin Senapathyvia Forbes
Thursday, February 26, 2015

Radical environmental activists, aka the Green Blob, are more of a threat to the planet and its inhabitants than the technologies they oppose, according to Owen Paterson, the former U.K. environment minister.

US Ballot Box Image
Analysis and Commentary

Walker Derangement Syndrome?

by Bill Whalenvia A Day At The Races
Wednesday, February 25, 2015

A new Quinnipiac University Poll has Wisconsin Gov. Scott Walker pulling ahead of the Republican field in the state that kicks off the GOP’s selection process next February.

Analysis and Commentary

California Transportation: A New Way Of Thinking, Not New Taxes

by Carson Brunovia Fox and Hounds Daily (CA)
Thursday, February 26, 2015

Earlier this month, Assembly Speaker Toni Atkins of San Diego made a bold proposal – add another vehicle fee to the books. Californians typically punish their elected officials for tampering with their vehicle fees.

Analysis and Commentary

California Traffic Is A Symptom Of Housing Unaffordability

by Carson Brunovia Real Clear Markets
Thursday, February 26, 2015

Two weeks ago I explored how California's housing unaffordability crisis is impacting the Golden State's business climate.

Law and Justice
Analysis and Commentary

HASC Testimony: An Alternative To The Administration’s AUMF Draft

by Benjamin Wittesvia Lawfare
Thursday, February 26, 2015

Thank you Chairman Thornberry, Ranking Member Smith, and members of the committee for inviting me to present my views on the President’s proposed Authorization for the Use of Military Force against the Islamic State of Iraq and the Levant.

Interviews
Interviews

Richard Epstein On The John Batchelor Show (19:15)

featuring Richard A. Epsteinvia John Batchelor Show
Wednesday, February 25, 2015

Listen as Richard Epstein talks about his essay, "Greece on the brink".

In the News
Tax cuts and reforms
In the News

Tax Code Should Be ‘Tossed Out,’ Expert Tells Senators

quoting Michael J. Boskinvia Think Advisor
Wednesday, February 25, 2015

Tax experts agreed Tuesday that comprehensive tax reform will help boost economic growth, with one expert suggesting the best way to achieve this is to "toss out" the current tax code and start again.

In the News

Did No Child Left Behind’s Test-Based Reforms Fail? Or Not?

mentioning Eric Hanushekvia The Washington Post
Wednesday, February 25, 2015

Earlier this month I published part of a policy memo from the National Education Policy Center at the University of Colorado Boulder under this headline: “No Child Left Behind’s test-based policies failed. Will Congress keep them anyway?”

In the News

Conservative Defenders Of Common Core Push Back

quoting Michael J. Petrillivia ABC News
Thursday, February 26, 2015

With Common Core set to be one of the political flashpoints in the race for the 2016 Republican presidential nomination and with it a topic at the upcoming CPAC conference (a Thursday panel is entitled "Common Core: Rotten to the Core"), conservative defenders of Common Core briefed reporters on Wednesday to begin pushing back against critics.

Jeb Bush
In the News

Why Jeb Bush Wants Small Businesses To Grow Like It's 1985

quoting Bill Whalenvia Inc.
Thursday, February 26, 2015

On Wednesday, potential presidential candidate Jeb Bush heads to Washington to try to prove his conservative bona fides to none other than the Conservative Political Action Conference.