Hoover Daily Report
Featured
Featured

What Is The Purpose Of A Corporation?

by Richard A. Epstein quoting Edward Paul Lazear, Milton Friedmanvia Defining Ideas
Monday, August 26, 2019

The Business Roundtable errs in prioritizing social responsibility over shareholder value.

Featured

Former White House Chief Economist: The Case For The Trump Economy

by Kevin Hassettvia CNN Business
Tuesday, August 27, 2019

Before President Donald Trump was elected in 2016, the US economy was inching along with 1.5% growth. Many economists were so convinced the stagnation was here to stay that they called it the "new normal." After the president took office and began pursuing his agenda's three pillars of deregulation, tax cuts and trade reform, the "new normal" crowd said it couldn't work.

Featured

How A California Corporation Creates More Social Good Than Any Government

by Lee Ohanianvia California on Your Mind
Tuesday, August 27, 2019

There is growing pressure on corporations to stop prioritizing profits and to act in “the best interest of society.” Elizabeth Warren started the ball rolling last year with the Accountable Capitalism Act. If passed, this would dramatically change corporate governance and decision making. Its requirements include that at least 40 percent of board directors be elected by employees and that corporate decisions create a “general public benefit” rather than narrowly benefiting shareholders.

Featured

Global Games Of Chicken Are Frying The Planet

by Niall Fergusonvia Boston Globe
Monday, August 26, 2019

“Hey, Toreador! . . . We head for the edge, and the first man who jumps is a chicken. All right?” In Rebel without a Cause, Jim (James Dean) and Buzz (Corey Allen) play the most famous game of chicken in Hollywood history, driving their jalopies at full speed towards a Californian cliff. At the last minute, Jim jumps. Buzz, his sleeve caught on the door handle, plunges to his death. Games of chicken are all around these days. Indeed, it starts to feel as if the whole world is playing a massive, multiplayer game of chicken. Clearly, Boris Johnson’s jaunts to Berlin and Paris last week were part of a diplomatic game of chicken over Brexit.

Analysis and Commentary
Analysis and Commentary

Trump — Or What, Exactly?

by Victor Davis Hansonvia National Review
Tuesday, August 27, 2019

Let’s compare Trump’s policies and behavior to that of prior presidents — and to his 2020 opponents’.

Analysis and Commentary

David Davenport: The Death Penalty: Who Decides?

by David Davenportvia Townhall Review
Tuesday, August 27, 2019

Liberals have used the courts for decades to carry out their agenda of social change. From Roe vs. Wade’s constitutional right to abortion to the more recent protection of same-sex marriage, courts have become an engine of social change.

Analysis and Commentary

NY Times’ 1619 Project Puts Slavery At The Center Of America’s Founding

by Bruce Thorntonvia FrontPage Magazine
Tuesday, August 27, 2019

Last week the New York Times embarrassed itself twice. First, a transcript was leaked of editor Dean Baquet’s exhortation to reporters that the Russian-collusion fiction having been exploded, they now needed to focus on the endemic “racism” and “white supremacism” of Trump and his supporters in order to defeat the president. Next, as the “theory” behind this partisan journalistic “praxis,” the self-proclaimed “paper of record” announced the “1619 Project,” a series of articles and essays showing “that nearly everything that has made America exceptional grew out of slavery.”

Analysis and Commentary

Protectionism Redux?

by Timothy Kanevia Balance of Economics
Monday, August 26, 2019

My thinking on trade protectionism is no longer absolute. Here’s why: One dirty secret is that state-managed growth isn’t such a bad policy for poor countries. Neoliberals might be angry to read that, but it’s true. But here’s the common sense that policymakers don’t seem to fathom: Policies that work for poor countries have no lessons for the United States.

Analysis and Commentary

Great Moments In The Labor Theory Of Value

by David R. Hendersonvia EconLog
Tuesday, August 27, 2019

American University has brought in an academic from the University of Washington-Tacoma with a curious mission for an academic institution: to teach academics not to grade on the writing ability of students as opposed to their “labor.” Professor Asao Inoue believes that writing ability should not be assessed to achieve “antiracist” objectives.

Interviews
Interviews

Niall Ferguson On The Remnant With Jonah Goldberg

interview with Niall Fergusonvia The Remnant with Jonah Goldberg
Monday, August 26, 2019

Hoover Institution fellow Niall Ferguson discusses how the West grew rich, the problems with contemporary historical scholarship, and other weighty issues.

Interviews

Michael McFaul: Perspectives On Futures Of Artificial Intelligence

interview with Michael McFaulvia Hoover Institution
Tuesday, August 27, 2019

Hoover Institution fellow Michael McFaul discusses the future of artificial intelligence.

Interviews

Retreating From Democracy, With Larry Diamond

interview with Larry Diamondvia World Class
Monday, August 26, 2019

Hoover Institution fellow Larry Diamond discusses why the world may be on the cusp of a “democratic depression.”

Interviews

The Rural-Urban Divide With Jonathan Rodden

interview with Jonathan Roddenvia Rural Matters
Monday, August 26, 2019

Hoover Institution fellow Jonathan Rodden says geography matters in the United States because we’re divided into electoral districts, which can be a good thing but has a downside in being a major determinant in who wins an election. Rodden notes that the rural vote will be critical in the 2020 election, but economics will not be the only determinant as social issues, such as abortion, gun rights, race, and immigration, will also play a part.

Interviews

Bill Evers: When You Say Socialism...

interview with Williamson M. Eversvia The Show-Me Institute Podcast
Tuesday, August 27, 2019

Hoover Institution fellow Bill Evers discusses his Wall Street Journal article "California Wants to Teach Your Kids That Capitalism Is Racist."

Interviews

Herb Lin: Facebook To World: Truth Is A Choice. Say WHAT?

interview with Herbert Linvia BulletinAtomic
Monday, August 26, 2019

Hoover Institution fellow Herb Lin discusses technology, deep fake videos, and large scale information corruption.

Interviews

John Yoo: Universities, Diversity And Free Speech

interview with John Yoovia C-SPAN
Friday, June 14, 2019

Hoover Institution fellow John Yoo discusses diversity and free speech on college campuses.

In the News
In the News

Democracy And America's Foreign Policy Identity

featuring Condoleezza Ricevia Ford School of Public Policy, University of Michigan
Friday, October 4, 2019

A Master Class With Former U.S. Secretary Of State Condoleezza Rice, Hosted By John Ciorciari, Director Of The Weiser Diplomacy Center.

In the News

Saving American Democracy

featuring Larry Diamondvia World Affairs
Thursday, September 5, 2019

Last year Freedom House, an independent watchdog organization dedicated to the expansion of freedom and democracy around the world, reported that more countries became oppressive rather than free for the thirteenth year in a row. The widespread erosion of political rights and civil liberties along with global attacks on the rule of law and fact-based journalism are to blame for this retreat of democracy. 

In the News

Can Trump Force U.S. Companies Out Of China?

quoting Jack Goldsmithvia CBS News
Monday, August 26, 2019

President Donald Trump startled investors last week when he took to Twitter and "hereby ordered" U.S. companies to stop doing business in China as the countries continue to clash over trade. So is he within his rights?

In the News

Trump Advocates For Putin At G-7 Summit In Move To Soften Russia’s Pariah Status

quoting Michael McFaulvia The Washington Post
Monday, August 26, 2019

President Trump capped days of advocacy on behalf of Russian President Vladi­mir Putin by announcing here Monday that he intends to invite the leader to the Group of Seven summit in 2020, which Trump will host in an election year amid warnings that Russia is actively trying to interfere again in the U.S. presidential election.

In the News

Trump And The Business Roundtable Create Unwanted Regime Uncertainty

cited Steven J. Davisvia Forbes
Monday, August 26, 2019

Last week, the Business Roundtable joined the ever-present Donald J. Trump in creating unwanted regime uncertainty. President Trump displayed his mercantilist machismo by threatening to go to the mat with China and America’s businesses. He promised more tariffs on China if Beijing did not comply with his demands. Then, the President turned his fury on America’s businesses; he ordered them to stop doing business with the Chinese. But, that wasn’t all. Trump also lashed out at the Chairman of the U.S. Federal Reserve Jerome Powell, labeling him an “enemy” and comparing him to Trump’s trade nemesis President Xi Jinping of China. Not surprisingly, the markets plunged. 

In the News

When Winning A Trade War Feels Like Losing

cited Steven J. Davisvia The Washington Examiner
Tuesday, August 27, 2019

Though not something to celebrate, America has reached its highest level of economic policy uncertainty since President Trump’s January 2017 inauguration. It seems that Trump hit a veritable uncertainty bonanza when, in a wide-ranging interview, he indicated that America was winning the trade war even though the trade deficit with China, his preferred measure of success or failure, is rising, and in his opinion, the trade controversy could produce a short recession.