Hoover Daily Report
Featured
Featured

The Establishment Goes Trump On China

by Victor Davis Hansonvia National Review
Tuesday, February 26, 2019

Read recent essays on China. Visit think-tank public symposia. Hear out military analysts. Talk with academics and media pundits. Listen to Silicon Valley grandees. Watch Senate speeches and politicians interview on television.

Featured

Stock Buybacks Are the Wrong Target

by Michael Spencevia Project Syndicate
Tuesday, February 26, 2019

Legislation banning companies from purchasing their own shares, or conditioning buybacks on investment in workers, would not significantly alter the distribution of wealth. What it would do is undermine the broad cooperation needed to tackle income inequality and a fast-changing labor environment.

Featured

Will Happer – Climate “Denier”?

by Richard A. Epsteinvia Defining Ideas
Monday, February 25, 2019

He’s argued that higher levels of carbon dioxide have had positive value for humanity. 

Featured

Tariff Worries And U.S. Business Investment, Take Two

by Steven J. Davisvia Federal Reserve Bank of Atlanta
Monday, February 25, 2019

Last summer, we reported that one fifth of firms in the July Survey of Business Uncertainty (SBU) were reassessing capital expenditure plans in light of then-recent tariff hikes and retaliation concerns. Roughly 6 percent had already cut or deferred capital spending as a result of tariff worries.

Featured

Hoover Panel Talks Military Tech Innovation In U.S. And China

featuring Hoover Institution, Admiral Gary Roughead, George P. Shultzvia Stanford Daily
Tuesday, February 26, 2019

The Hoover Institution's “Governance in an Emerging New World” series, organized by former secretary of state George Shultz, has traversed different regions of the world to address the challenges of rapid development. Monday’s event, the seventh in the series, specifically focused on the state of military technological innovation in the United States and China, and addressed its implications for a changing strategic dynamic in the global sphere.

Analysis and Commentary
Analysis and Commentary

Green Airbnb

by David R. Hendersonvia EconLog
Monday, February 25, 2019

I’m not giving anything away in saying that the winner of best picture in last night’s Oscars, Green Book, was about a white driver driving a black musician around the southern United States and that there really was a Green Book, published annually, that told black people where they go in various states (not just in the South) to eat a meal or stay overnight. It sold millions of copies. 

Analysis and Commentary

Immigrants, Economic Growth, And Job Creation

by Alvin Rabushkavia Thoughtful Ideas
Tuesday, February 26, 2019

Forty-four million plus immigrants constitute over 14% of the U.S. population, the highest share since 14.8% in 1890 and 14.7% in 1910 The current percentage is triple that of the low of 4.7% in 1970. Every year a million immigrants obtain lawful resident status in the U.S. Half of all children born in the U.S. are offspring of immigrants.

Interviews
Interviews

Raghuram Rajan Urges 'Place-Based' Policies To Spur Local Economic Growth

interview with Raghuram Rajanvia Bloomberg
Tuesday, February 26, 2019

Hoover Institution fellow Raghuram Rajan examines economic growth and the rebound in US real wages.

Interviews

Raghuram Rajan Hopes For 'De-escalation' Of India-Pakistan Tension

interview with Raghuram Rajanvia Bloomberg
Tuesday, February 26, 2019

Hoover Institution fellow Raghuram Rajan discusses the escalation of violence in Kashmir, India's upcoming election, and the need to grow the nation's economy.

Interviews

Former RBI Governor Raghuram Rajan On Unequal Economic Growth, Trade And The Fed

interview with Raghuram Rajanvia CNBC
Monday, February 25, 2019

Hoover Institution fellow Raghuram Rajan discusses the importance of democracy to the success of capitalism as well as the danger of economic inequality. Rajan also talks about the effect of trade on jobs and notes that people need to feel they have a chance to succeed.

Interviews

Ex-RBI Governor Rajan Sees Community As Base For Capitalism

interview with Raghuram Rajanvia Bloomberg
Tuesday, February 26, 2019

Hoover Institution fellow Raghuram Rajan discusses the element of community missing from democratic capitalism. 

Interviews

John Yoo: Should The Full Mueller Report Be Made Available To The Public?

interview with John Yoovia Fox News
Monday, February 25, 2019

Hoover Institution fellow John Yoo discusses whether the full Mueller report should be made available to the public. Yoo notes that it is up to the attorney general as to how much of the report will be made public.

Interviews

Andrew Roberts On The Eric Metaxas Show

interview with Andrew Robertsvia The Eric Metaxas Show
Monday, February 25, 2019

Hoover Institution fellow Andrew Roberts discusses details from his recent book, Churchill: Walking with Destiny.

In the News
In the News

The Taylor Rule: An Economic Model For Monetary Policy

featuring John B. Taylorvia Investopedia
Saturday, February 23, 2019

The Taylor Rule is an interest rate forecasting model invented by famed economist John Taylor in 1992 and outlined in his 1993 study, "Discretion Versus Policy Rules in Practice." It suggests how central banks should change interest rates to account for inflation and other economic conditions.

In the News

Book Excerpt: Raghuram Rajan On How Markets Can Work For Community Benefit

featuring Raghuram Rajanvia Hindustan Times
Tuesday, February 26, 2019

Markets endanger themselves when they stop working for the broader citizenry, because it may rise up to shut them down. Today, some people are disenchanted because they feel large firms are closing opportunities for small firms and individuals. Others are angry because they have suffered painful losses of wealth and incomes and see little support forthcoming from the community or state.

In the News

How Realistic Is An ‘Ivory Tower’ For Conservatives?

quoting Peter Berkowitzvia The College Fix
Monday, February 25, 2019

There’s no doubt that the current aim of higher education – “reproduction of ideology and the formation of like-minded political activists” – is harming America and the students and taxpayers who pay vast sums to these indoctrination factories.

In the News

John Yoo: Mueller Report Will Likely ‘Clear’ President Trump

featuring John Yoovia Daily Caller
Monday, February 25, 2019

University of California, Berkeley law professor and former Deputy Assistant Attorney General John Yoo predicted Monday that the upcoming Mueller report will likely “clear” President Donald Trump of any violations of federal law.

In the News

Good News: China Is Nervous

quoting Michael R. Auslinvia Powerline
Monday, February 25, 2019

The New York Times reports that China’s leader, Xi Jinping, abruptly summoned hundreds of officials to Beijing recently. He did so, says the Times, in order to convey a sense of “anxious urgency.” The Communist Party, Xi told the officials, faces major risks on all fronts and must batten down the hatches.

In the News

Court: It’s Legal To Tax Rental Cars To Fund Stadiums

quoting Clint Bolickvia Arizona Capitol Times
Monday, February 25, 2019

There’s nothing illegal about taxing tourists renting cars in Arizona to pay for sports complexes in Pima and Maricopa counties, the state Supreme Court ruled today. All seven justices agreed with the state Department of Revenue that it’s legally irrelevant that the majority of the tax is paid by out-of-state visitors. They said that does not make it illegally discriminatory.

In the News

Report Finds $23 Billion Racial Funding Gap For Schools

quoting Michael J. Petrillivia The Washington Post
Tuesday, February 26, 2019

Overwhelmingly white school districts received $23 billion more than predominantly nonwhite school districts in state and local funding in 2016, despite serving roughly the same number of children, a new report finds.

In the News

Open Forum: Trump’s Wall Depends On Chief Justice John Roberts

quoting John Yoovia San Francisco Chronicle
Monday, February 25, 2019

John Yoo, professor of law at UC Berkeley, has published the thorough treatise, “The Law Will Be on Trump’s Side If He Declares an Emergency to Fund His Wall,” this month in the National Review. Pursuing Yoo’s argument to the end suggests the U.S. Supreme Court’s final decision will rest with Chief Justice John Roberts.