Hoover Daily Report
Featured
Featured

Two Governor Browns And Two State Budgets: How California Stopped Investing

by Lee Ohanianvia California on Your Mind
Tuesday, August 14, 2018

Look inside Governor Edmund “Jerry” Brown Jr.’s final state budget that was passed in June, and you will see important reasons why California struggles with a host of problems ranging from road congestion to reliable water supplies.

Featured

Intellectual Property And China

by John H. Cochrane via Grumpy Economist
Monday, August 13, 2018

Let's transfer more technology to China, writes Scott Sumner, with approving comments from Don Boudreaux. They're exactly right, skewering one of the common backstop defenses of protectionists on both left and right.

Featured

The Legacies Of Robert Mueller’s Investigations

by Victor Davis Hansonvia American Greatness
Monday, August 13, 2018

Some 450 days ago we were treated to melodramatic announcements from the media about the start-up of Robert Mueller’s “dream” and “all-star” team.

Featured

Clean Air Vs. Dirty Hogs

by Richard A. Epsteinvia Defining Ideas
Tuesday, August 14, 2018

The common law of nuisance is the best defense against the costs Smithfield Foods has imposed on citizens.

Featured

We Shot The War: Overseas Weekly In Vietnam Shows The Person Behind The Photo

featuring Hoover Institutionvia Stanford Daily
Sunday, August 12, 2018

New photography exhibit at the Herbert Hoover Memorial Exhibit Pavilion highlights the lives of soldiers and citizens in the Vietnam War era.

Analysis and Commentary
Analysis and Commentary

V.S. Naipaul’s ‘Universal Civilization’

by Tunku Varadarajanvia The Wall Street Journal
Monday, August 13, 2018

[Subscription Required] V.S. Naipaul, who died Saturday at 85, was awarded the Nobel Prize for Literature on Oct. 11, 2001, a month after al Qaeda’s attack on the American homeland. As many in the West were still struggling to fathom what drove Islamist fanatics to commit mass murder, it was reassuring to see the Nobel go to Naipaul, who had unapologetically insisted on the universality of Western beliefs.

Analysis and Commentary

Trade Uncertainty And Investment

by John H. Cochrane mentioning Steven J. Davisvia Grumpy Economist
Monday, August 13, 2018

My colleague Steve Davis has a nice post quantifying economic uncertainty due to the trade war, and its emerging impact on investment. Steve (and Nick Bloom) have done a great job quantifying policy uncertainty over time. To be clear, policies can have two effects -- there is the certainty of damaging policy, but there is also the damaging uncertainty of what policy will be.

Analysis and Commentary

The Deflation Of The Academic Brand

by Victor Davis Hansonvia National Review
Tuesday, August 14, 2018

Trumpism is sometimes derided as an updated know-nothingism that rejects expertise and the input of credentialed expertise. Supposedly, professionals who could now save us tragically have their talent untapped as they sit idle at the Council of Foreign Relations, the economics Department at Harvard, or in the offices of the Brookings Institution — even as Trump’s wheelers and dealers crash and burn, too proud, too smelly, or too ignorant to call in their betters to come in and save Trump from himself.

Analysis and Commentary

A Report From The Trade Wars

by Josef Joffevia The American Interest
Monday, August 13, 2018

In a trade war, one folly begets the next. Take Donald Trump’s opening shot: a punitive tariff of 25 percent on steel. Alas, what is supposed to shrink an endemic trade deficit and intimidate rapacious foreigners has hit hardest at home. While U.S. steel manufacturers are gaining protection from more efficient competitors, the country as a whole is footing the bill.

Analysis and Commentary

America Needs To Sell More Weapons

by Alexander Benardvia The Wall Street Journal
Sunday, July 1, 2018

[Subscription Required] America’s arms-sales policies are too restrictive, leading even some pro-U.S. countries to buy weapons from Russia and China. This year’s National Defense Authorization Act would give Defense Secretary Jim Mattis authority to waive certain new restrictions for specific countries enacted by Congress last year. But the problem is more fundamental: The U.S. arms-sale regime needs to be recalibrated to protect American influence in a highly competitive geopolitical environment.

Analysis and Commentary

Perverse Insurance Regulation

by David R. Hendersonvia EconLog
Tuesday, August 14, 2018

In Leslie Scism, “The Problem With Government Flood Insurance,” Wall Street Journal, August 13, 2018 (print edition), an interview with Evan Greenberg, CEO of Chubb, Scism asks: Will state insurance departments approve the large rate increases that insurers may feel necessary for homeowners if extreme weather leads to higher claims costs?

In the News
In the News

Spotlight On Unique Vietnam War Media Coverage

Friday, July 27, 2018
Hoover Institution, Stanford University

The new Hoover Institution Press publication, We Shot the War: Overseas Weekly in Vietnam, examines the legacy of one of the most popular and eccentric newspapers to cover the Vietnam War. 

News
US flag on military helmet
In the News

You Don’t Get To The NDAA Personnel Reforms Without Force Of The Future

quoting Timothy Kanevia War on the Rocks
Monday, August 13, 2018

The Department of Defense is overhauling the military personnel system for the first time in a generation. And the changes, some large, others small, all indicate that the department has finally embraced the “talent management” revolution that swept the private sector more than two decades ago.

In the News

Britain’s Inability To Handle Last Year’s Flu Season Shows Perils Of Socialized Medicine

quoting Charles Blahousvia Daily Signal
Monday, August 13, 2018

Younger doctors who are flirting with support of government-run health care should consider some hard facts—including the unfortunate results such control would likely have for patients and doctors themselves. They should also look at the recent raw experience of Britain with a government-controlled health care system.