Hoover Daily Report
Featured
Featured

Two Videos

by John H. Cochrane via The Grumpy Economist
Thursday, May 16, 2019

My Hoover colleague Russ Roberts just finished a nice video on inequality. Among other takeaways, he stresses that the people who were rich in 1980 are not the same people or even families who are rich now. It is not true that "the rich got richer." He also tracks individuals through time, and poor individuals got richer to. There is a lot more economic mobility in the US than the standard talking points.

Featured

Our Modern ‘Satyricon’

by Victor Davis Hansonvia American Greatness
Wednesday, May 15, 2019

Sometime around A.D. 60, in the age of Emperor Nero, a Roman court insider named Gaius Petronius wrote a satirical Latin novel, “The Satyricon,” about moral corruption in Imperial Rome. The novel’s general landscape was Rome’s transition from an agrarian republic to a globalized multicultural superpower.

Featured

What We Learned About 70% Tax Rates 50 Years Ago

by Milton Friedmanvia PolicyEd
Thursday, May 16, 2019

Milton Friedman explains what happened when federal tax rates actually reached seventy percent over fifty years ago. As tax rates go up, taxpayers have more of a reason to avoid paying those taxes. Loopholes go hand-in-hand with higher tax rates, which is why lower rates on a broader base of income leads to a more equitable system.

Featured

A Progressive Plan That Aids Loan Sharks

by David R. Hendersonvia Defining Ideas
Wednesday, May 15, 2019

Capping interest rates on credit cards will hurt the poor most

Analysis and Commentary
Analysis and Commentary

New American Schools: A Short, Opinionated History, Part II

by Chester E. Finn Jr.via Thomas Fordham Institute
Wednesday, May 15, 2019
This essay is part of the The Moonshot for Kids project, a joint initiative of the Fordham Institute and the Center for American Progress. This is the second of three parts. The first ran last week, and the third will appear in the next issue of the Education Gadfly Weekly.
Analysis and Commentary

Why California May Be The Cure For What Ails Harry And Meghan

by Bill Whalenvia California on Your Mind
Thursday, May 16, 2019

This December marks 52 years since a British queen made Southern California her new home—not an actual monarch, mind you, but the legendary ocean liner Queen Mary that remains to this day a tourist attraction in Long Beach.

Analysis and Commentary

The Baby Bust Goes To School

by Michael J. Petrillivia Education Next
Thursday, May 16, 2019

It’s not easy to surprise demographers, given the long timelines with which they work. But back in 2007, when the number of babies born in the United States hit the all-time high of 4.32 million, topping even the baby boom peak, few could foresee the baby bust that was about to come.

Analysis and Commentary

Sanders And AOC's Elitist Credit Card Caps

by David R. Hendersonvia EconLog
Wednesday, May 15, 2019

Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez have announced plans to introduce legislation that would limit the interest rate that credit card companies are allowed to charge customers. Although there is currently no federal limit, some state governments have limits. Sanders and Ocasio-Cortez propose capping the annual rate of interest on credit card debt at 15 percent.

Interviews
Interviews

Victor Davis Hanson On Notre Dame, Trump, Civil War, And More!

interview with Victor Davis Hansonvia The All New Dennis Miller Option
Thursday, May 16, 2019

(10:33) Hoover Institution fellow Victor Davis Hanson talks about his book The Case for Trump, as well as Notre Dame Cathedral, the possibility of another US Civil War, political issues, and much more.

Interviews

Michael Spence: Auto Tariff Delay 'Good News' For China Trade Talks

interview with Michael Spencevia Yahoo Finance
Wednesday, May 15, 2019

Hoover Institution fellow Michael Spence discusses how the US delaying tariffs on auto imports plays into trade negotiations with China.

Interviews

Politics As War: A Conversation With David Davenport

by David Davenportvia Law and Liberty
Thursday, May 16, 2019

Hoover Institution fellow David Davenport, coauthor with Gordon Lloyd of How Public Policy Became War, discusses how we lost “the cool, deliberate sense of the community” in making public policy and instead turned to the metaphor of war as the basis for political action.

Interviews

John Yoo: Comey Or Brennan? Dispute Erupts Over Who Pushed Steele Dossier

interview with John Yoovia Fox News
Thursday, May 16, 2019

Hoover Institution fellow John Yoo talks about the finger-pointing between high-level government officials over who pushed the unverified Steele dossier that was used in the FISA application to investigate President Trump.

Interviews

John Yoo: Executive Privilege And Congressional Oversight

interview with John Yoovia The Federalist Society
Wednesday, May 15, 2019

Hoover Institution fellow John Yoo discusses the proper balance between congressional oversight and executive privilege.

In the News
In the News

Ayaan Hirsi Ali Warns Of Islamic Anti-Semitism

quoting Ayaan Hirsi Alivia The Canadian Jewish News
Wednesday, May 15, 2019

Islamic anti-Semitism is of a “scale and scope” that most people in the West do not understand and is therefore all the more insidious, the controversial critic of the Muslim religion, Ayaan Hirsi Ali, told a capacity audience at the Jewish Public Library (JPL) in Montreal on May 13.

In the News

Now You See It, Now You Don’t

quoting Jack Goldsmithvia Antiwar.com
Wednesday, May 15, 2019

Back in 2012, I stumbled across figures on the U.S. government’s classification of documents and was stunned. In 2011, 92,064,862 of them had been sequestered and 26,058,678 of those given “top secret” status. (Who even knew that so many documents could be generated by a single government?) And that top-secret figure, in turn, represented a jump of 20,373,216 over all the documents classified in 1995. As such, it offered a striking sense of just how “secure” America’s national security state, including its (by then) 17 intelligence agencies, had become.

In the News

College Athletes May See A Payday Soon, But The Money Won't Come From The NCAA

quoting Condoleezza Ricevia Courier Journal
Wednesday, May 15, 2019

The NCAA’s new working group is tasked with holding back the tide. It is charged with examining rights that would seem inalienable – a college athlete’s claim to his or her own name, likeness and image – while preserving the pretense of amateurism.

In the News

Durham Vs. The Deep State

quoting John Yoovia Patriot Post
Wednesday, May 15, 2019

Drug stores in deep state neighborhoods around Washington, D.C., reported a run on Maalox after news broke that Attorney General William Barr had appointed Connecticut U.S. Attorney John Durham to investigate the origins of the Trump/Russia collusion hoax.

In the News

Critics' Picks: The Best Arts Events In Town This Week

mentioning Elizabeth Cobbsvia Charleston City Paper
Wednesday, May 15, 2019

Join author Elizabeth Cobbs for a book talk about her newest historical novel, The Tubman Command. A book signing follows the reading.