Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

The Future of Driving

by George P. Shultz, Robert C. Armstrongvia Defining Ideas
Wednesday, July 16, 2014

In the next decade, prepare to see driverless cars, electric vehicles, and other high-tech innovations on the roadways. 

Analysis and Commentary

How Washington Whittles Away Property Rights

by Michael J. Boskinvia Wall Street Journal
Wednesday, July 16, 2014

Property rights and the rule of law are essential foundations for a vibrant economy. When they are threatened, or uncertain, the result is inefficiency, rent-seeking, a larger underground economy and capital flight.

Analysis and Commentary

The Turbulent Summer of 2014

by Victor Davis Hansonvia Tribune Media Services
Wednesday, July 16, 2014

The summer of 2014 will go down in history as the season when America fell apart. Let's take a tour of the disasters.

Analysis and Commentary

California's Good Intentions Won't Yield Prosperous Results

by Carson Brunovia RealClearMarkets
Thursday, July 17, 2014

Most people want to help the poor, but that doesn't mean intentions yield results. To illustrate, let's take two Californians, Ashley and Betsy. Ashley is 18, working retail, about to go off to UCLA, and both of her parents are educated professionals living in Santa Monica. Then, there is Betsy, a 32-year old single mother from San Bernardino, who only has a high school diploma and works full-time as a waitress.

Analysis and Commentary

California's Drought

by Henry I. Millervia National Review Online
Thursday, July 17, 2014

Last year was the driest on record in California, and 2014 could well set another record. Most of the state is experiencing “extreme” drought — the second-most severe category.

In the News
In the News

Yellen Says Restraining the Fed’s Oversight Would Be a ‘Grave Mistake’

quoting John B. Taylorvia New York Times
Thursday, July 17, 2014

The Federal Reserve’s chairwoman, Janet L. Yellen, said on Wednesday that it would be a “grave mistake” for Congress to adopt legislation proposed by House Republicans constraining the Fed’s management of monetary policy.

Markets
In the News

Slow-Growth Forecasts Are Wrong

quoting Niall Fergusonvia Bloomberg View
Wednesday, July 16, 2014

When an economic phenomenon lasts long enough, economists and academics like to develop theories to show that it will last forever. They are often mistaken.