Hoover Daily Report
Featured
Featured

The Hoover Institution On COVID-19

via Hoover Daily Report
Wednesday, March 18, 2020

Policy Implications for the US and the World. Thoughtful and informed analysis and policy responses to mitigate the potential effects of the pandemic. This portal is a central location for those seeking specific policy options from the Hoover Institution addressing the public health emergency and resulting economic challenges posed by Covid-19.

Featured

The Mysterious Rise, Fall, And Rise Of Joe Biden

by Victor Davis Hansonvia National Review
Thursday, March 19, 2020

As others sank in the polls, Biden seemed a known quantity in comparison.

Featured

Good Intentions Gone Awry

by Milton Friedmanvia PolicyEd
Thursday, March 19, 2020

When reformers create new regulations, they leave behind money and power that special interests benefit from.

Featured

Groundhog Day Virus Plan.

by John H. Cochranevia The Grumpy Economist
Thursday, March 19, 2020

Via Marginal Revolution, a very clever idea from Scott Ellison: I propose temporarily stopping time. This means that today’s date, Tuesday, March 17th, 2020, will remain the current date until further notice. This also means that everything that happens in time (e.g. mortgage due dates, payrolls, travel bookings, stock market trading, contractor gigs, concerts, sporting events) will be paused. It also means that all of these events remain on the books, and will continue as planned once time is resumed.

decision 2020
Featured

Decision 2020 Report: Understanding A Resurgent Russia

Wednesday, March 18, 2020
Hoover Institution, Stanford University

The ninth edition of the Decision 2020 Report highlights Hoover fellows’ research and analysis on the Russian Federation’s history, ideology, and global ambitions. It also covers the Russian economy and the dynamics of US-Russian relations.

News
Analysis and Commentary
Analysis and Commentary

Tyler Cowen On The COVID-19 Pandemic

by Russell Robertsvia EconTalk
Thursday, March 19, 2020

Hoover Institution fellow Russ Roberts joins forces with Tyler Cowen to discuss how both are adjusting to social isolation, private versus public responses to the pandemic, the challenge of reforming scrambled organization capital, the implications for Trump’s reelection, appropriate fiscal and monetary responses, bailouts, innovation prizes, and more.

Analysis and Commentary

So Much For “The Luck Of The Irish” This Week, But What Of The Luck Of California’s Governor?

by Bill Whalenvia California on Your Mind
Thursday, March 19, 2020

Maybe you dressed in green, imbibed Guinness, and feasted on corned beef and cabbage at some point in the past few days. Otherwise Erin Go Bragh was “Erin go bust” in California, what with a raft of St. Patrick’s Day celebrations canceled and bars closed statewide.

Analysis and Commentary

Implementing Federal Lending

by John H. Cochranevia The Grumpy Economist
Thursday, March 19, 2020

The central problem now is how the Federal government can lend money to businesses that need it -- without a budget blowout. 

Analysis and Commentary

Pacific Century: The Pandemic, China, And The End Of Globalization

interview with Michael R. Auslin, John Yoovia The Pacific Century
Wednesday, March 18, 2020

Will China benefit from the Coronavirus disruption?

Analysis and Commentary

Questions About The Coronavirus

by Victor Davis Hansonvia National Review
Wednesday, March 18, 2020

More data is critical in understanding the virus in general and in particular its transmission in particular countries. Anyone who looks at rates of morality and lethality of influenza and related pneumonia, especially in the elderly and infirm, can be shocked at the wide variances between particular countries.

Analysis and Commentary

The Progressive Chatty Cathy Dolls Don’t Like America

by Bruce Thorntonvia FrontPage Mag.com
Thursday, March 19, 2020

Why we need to call them out on their repetitive -- and destructive - condemnations of phantom “racism” and “xenophobia”.

Analysis and Commentary

Despite Trump's Best Efforts?

by David R. Hendersonvia EconLog
Wednesday, March 18, 2020

“Despite Trump’s Best Efforts, Economic Freedom Declined in the U.S. Last Year.” So reads the headline of an article on pjmedia.com on March 17 by Tyler O’Neil. Despite?

Interviews
Interviews

Victor Davis Hanson Says China's Handling Of Coronavirus 'Ruined Their International Brand'

interview with Victor Davis Hansonvia Fox News
Wednesday, March 18, 2020

Hoover Institution fellow Victor Davis Hanson says that China’s handling of the coronavirus “ruined their international brand,” having potential serious repercussions on its economy as foreign companies may exit.

Interviews

Richard Epstein: 'More Probable Than Not…Total Number Of Deaths At Under 50,000'

interview with Richard A. Epsteinvia Reason
Wednesday, March 18, 2020

Hoover Institution fellow Richard Epstein says that it seems more probable than not that the total number of cases worldwide will peak out at well under 1 million, with the total number of deaths at under 50,000…In the United States, if the total death toll increases at about the same rate, the current 67 deaths should translate into about 500 deaths at the end."

Interviews

John Cochrane On The John Batchelor Show

interview with John H. Cochranevia The John Batchelor Show
Wednesday, March 18, 2020

Hoover Institution fellow John Cochrane discusses his Wall Street Journal article "How to Treat the Financial Symptoms of Covid-19."

Interviews

Raghuram Rajan: Economist Who Warned Of 2008 Crisis Doesn’t See A Repeat — If The U.S. Takes These Steps

interview with Raghuram Rajanvia Barrons
Tuesday, March 17, 2020

Hoover Institution fellow Raghuram Rajan discusses how the US can avert a global financial crisis, why TARP 2.0 may be needed, and if the US is headed into a negative interest-rate spiral. 

Interviews

A Beat Down On China, With Michael Auslin

interview with Michael R. Auslinvia Power Line
Wednesday, March 18, 2020

Hoover Institution fellow Michael Auslin discusses his RealClearPoltitcs article “Beijing Fears COVID-19Is Turning Point for China, Globalization,” and he also answers some fundamental questions about whether China can become more transparent and truly liberalize in any meaningful way.

Interviews

Michael Auslin: Coronavirus Creates New Tensions Between US And China

interview with Michael R. Auslinvia Fox News
Thursday, March 19, 2020

Hoover Institution fellow Michael Auslin discusses China's President Xi Jinping and his handling of the coronavirus, and how that will affect the future of China's relationships with the world.

Interviews

Russ Roberts: A Free-Market Economist’s Thoughts On Coronavirus

interview with Russell Robertsvia National Review
Thursday, March 19, 2020

Hoover Institution fellow Russ Roberts discusses the economic consequences of the coronavirus.

In the News
In the News

Niall Ferguson’s Networld: Episode 1 – “Disruption” | PBS

featuring Niall Fergusonvia PBS
Thursday, March 19, 2020

With the help of experts in network theory and precedents from history, Ferguson argues that the printing press had similar consequences for 16th-and 17th-century Europe as the personal computer and the Internet have for the world since the 20th century, leading to polarization and the dissemination of fake news.

In the News

The Power Line Show, Ep 173: A Beat Down On China, With Michael Auslin

featuring Michael R. Auslinvia Powerline
Wednesday, March 18, 2020

It may be too strong to say that China and the United States are engaged in “germ warfare,” but the Chinese propaganda effort, aided by our own irrepressible fifth column in the media that seems to want to take China’s side against the U.S., reveals that the COVID-19 episode may prove an inflection point—a crisis for the Chinese regime akin to the Chernobyl disaster in the Soviet Union—that results in some fundamental re-orderings of our globalized world in fairly short order.

In the News

'After Truth' And 'Networld' Look At The Dangers Of The Disinformation Age

featuring Niall Fergusonvia CNN
Tuesday, March 17, 2020

The spread of information and disinformation via social networks is the subject of not one but two documentaries this week -- an especially timely one-two punch, at a moment when the value of facts and sobriety have never felt at more of a premium.

In the News

Will We Survive The Washington Stimulus Panic?

quoting John H. Cochranevia National Review
Wednesday, March 18, 2020

There is a frenzy of rule-making right now. Obviously, some of it is important as it may help calm American workers, business owners, and investors. But we should always remember that even in normal times, the government makes a lot of bad decisions. Emergencies and the resulting panic will not improve the government’s batting average on this front. It will only make it worse.

In the News

Will The Costs Of A Great Depression Outweigh The Risks Of Coronavirus?

quoting Richard A. Epstein, Victor Davis Hansonvia The Federalist
Thursday, March 19, 2020

Federal and state governments are making a massive gamble about a little-understood new virus. They are betting our future on the most extreme worst-case scenario without considering the costs.

In the News

COVID-19 Effect: Will Work-From-Home Kill Jobs?

quoting Michael Spencevia Financial Express
Thursday, March 19, 2020

Today’s biggest employers are food delivery and gig jobs. If a big consumption decline happens and people under-employed at home rediscover the joys of self-help and cooking meals, what are the consequences?

In the News

Coronavirus Could Be ‘Make Or Break’ For Universities’ Finances

quoting Caroline M. Hoxbyvia Times Higher Education
Thursday, March 19, 2020

Pandemic may tip some institutions ‘over the edge’ financially, but others may be able to capitalise on increasing numbers of people ‘at home with a lot of extra time on their hands.’

In the News

A Reflection On Remote Learning

quoting John Villasenorvia UCLA Samueli School Of Engineering
Wednesday, March 18, 2020

We want to commend our students, faculty and staff for their continued flexibility and patience during this challenging time as the campus makes critical adjustments in response to COVID-19. To give a snapshot of what UCLA is like with remote learning in place, we asked a few undergraduate students in leadership roles to share their experiences so far. Their responses were sent in before the announcement that remote learning will be extended through the end of spring quarter.

In the News

Sitting Out The Coronavirus Is Like Waiting Through An Artillery Barrage

quoting Victor Davis Hansonvia The Washington Times
Wednesday, March 18, 2020

My colleague Victor Davis Hanson wrote in these pages last week likening the coronavirus outbreak to a war. He is right, but let me take the analogy a bit further. Sitting through COVID-19 is a bit like waiting through an incoming artillery barrage. Over the years, I’ve had some experience getting shot at as have many readers with time in war zones; I’ll leave it to them to decide if the analogy is apt.

In the News

Sailing In Uncharted Waters

quoting Michael R. Auslinvia The Washington Examiner
Wednesday, March 18, 2020

Precedent doesn’t provide much guidance. There’s a deadly coronavirus threatening to circulate through the population. The resulting government orders and social sanctions for self-distancing and self-isolating behavior is something unprecedented in living memory.

In the News

Fed Feels Heat To Pump Out More Loans, Go Past Crisis-Era Rules

quoting Kevin Warshvia Yahoo Finance
Wednesday, March 18, 2020

The U.S. Federal Reserve is facing increasing pressure to go well beyond its crisis-era play book and dramatically boost its support for the nose-diving economy via new lending programs for businesses and state and local governments.

In the News

ECB To Launch €750bn Bond-Buying Programme

quoting Melvyn B. Kraussvia Financial Times
Thursday, March 19, 2020

Pandemic Emergency Purchase Programme will cover sovereign and corporate debt.

In the News

Trump Faces Echoes Of 1929

quoting Kevin Hassettvia Politico
Tuesday, March 17, 2020

I write here about fear and loathing on Wall Street that the market crash and subsequent recession could be far worse than anyone is expecting. The White House hopes for a V-shaped recession that features a quick bounce back. But that would require agreement on a massive federal stimulus. And we aren’t nearly there yet.

In the News

Holding The Line: Maintaining Fiscal And Monetary Policy Boundaries In The Midst Of A Crisis

quoting Kevin Warshvia Cato Institute
Wednesday, March 18, 2020

Not long ago, the CMFA staff and I were preparing to officially launch The Menace of Fiscal QE, my book aimed at countering efforts to have the Fed undertake or otherwise fund off-budget government spending programs.

In the News

Coronavirus Pandemic Infected By A Spirit Of Generosity

cited Russell Robertsvia Creators
Thursday, March 19, 2020

While many of us turn to the government for answers to the COVID-19 pandemic, others rightfully seek solutions from the private sector. Last week, the Hoover Institution's Russ Roberts asked his many Twitter followers to help "create a list of voluntary (non-coercive) actions taking place right now to reduce COVID-19 spread or impact." The answers are too inspiring not to share.

In the News

Visualizing The 700-Year Fall Of Interest Rates

cited Paul Schmelzingvia Visual Capitalist
Tuesday, February 4, 2020

How far can interest rates fall? Currently, many sovereign rates sit in negative territory, and there is an unprecedented $10 trillion in negative-yielding debt. This new interest rate climate has many observers wondering where the bottom truly lies.