Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Can Greece Leave?

by John H. Cochranevia Grumpy Economist
Monday, July 6, 2015

Is Grexit even possible? It strikes me that the best Greece can do with a Drachma is to create a two-currency system, sort of like Cuba or Venezuela, or at best Argentina; countries whose politics the Greek government seems to admire, and whose economies its may soon resemble.

Analysis and Commentary

Raisin' A Raw Deal

by Richard A. Epsteinvia Defining Ideas
Monday, July 6, 2015

A recent Supreme Court decision missed the chance to kill a corrupt New Deal farm program.

Analysis and Commentary

Will The Sixties Live On... In 2016?

by Bill Whalenvia A Day At The Races
Monday, July 6, 2015

Some of what’s been in the news lately shows that the turbulent decade that was the 1960’s still has an effect on us — and may yet impact the 2016 election.

Analysis and Commentary

Calomiris And Sticky Prices

by John H. Cochranevia Grumpy Economist
Monday, July 6, 2015

Charles Calomiris has a very interesting Forbes oped on Greece, with a much deeper insight. My proposal begins with government action to write down the value of all euro-denominated contracts enforced within Greece.

Analysis and Commentary

Cyberwar With Amy Zegart At TEDxStanford

by Amy Zegartvia TEDx
Monday, June 29, 2015

What makes today’s issues of cyber security different than any other threat we’ve faced as a nation? Co-director of Stanford’s Center for International Security and Cooperation and senior fellow at the Hoover Institution Amy Zegart lays out the five reasons cyberwar is a whole new world.

Analysis and Commentary

Why King V. Burwell Should Cheer The Right

by Peter Berkowitzvia Real Clear Politics
Monday, July 6, 2015

The Supreme Court’s 6-3 decision upholding the Obama administration’s interpretation of a critical provision of the Affordable Care Act was the rare judicial action that helped both Democrats and Republicans, at least in the short run.

Analysis and Commentary

A Good Krugman Post

by David R. Hendersonvia EconLog
Monday, July 6, 2015

Every once in a while, Paul Krugman writes a post that I find moving and, dare I say, endearing. He had one today titled "The Scale of Things (Personal and Trivial)." It is personal. I don't think it's trivial. I think it's profound.

Analysis and Commentary

A Legacy Of Cliches

by Thomas Sowellvia Creators Syndicate
Tuesday, July 7, 2015

Discussions of racial problems almost invariably bring out the cliche of "a legacy of slavery."

Analysis and Commentary

China Crash?

by John H. Cochranevia Grumpy Economist
Monday, July 6, 2015

Meanwhile, on the other side of the world, China is doing everything in the textbook to ignite a "bubble."

Analysis and Commentary

The Socialist Economics Of Italian Fascism

by David R. Hendersonvia EconLog
Monday, July 6, 2015

This is from Lawrence K. Samuels, "The Socialist Economics of Italian Fascism," the Econlib Feature Article for July.

Analysis and Commentary

The Sixties... In 2016?

by Bill Whalenvia Forbes
Monday, July 6, 2015

Some have suggested that the 1960s all but died on May 4, 1970, and the shootings at Kent State.

Analysis and Commentary

The EU Has No Choice But To Cut Greece Loose

by Paul R. Gregoryvia Forbes
Monday, July 6, 2015

In the end, Sunday’s referendum wasn’t close: 60% of Greeks voted “no.” It was an in-your-face message to the country’s creditors (largely the European Union, the European Central Bank and the International Monetary Fund) that Greece won’t be lectured on repaying debts or pension reform anymore.

Thomas Sowell
Analysis and Commentary

Looking Back

by Thomas Sowellvia Creators Syndicate
Tuesday, July 7, 2015

After my 85th birthday last week, I looked back over my life and was surprised to discover in how many different ways I had been lucky, in addition to some other ways in which I was unlucky.

Interviews
Interviews

John B. Taylor: Poor Economic Planning And Political Confusion At Root Of Greece's Woes

interview with John B. Taylorvia Stanford News
Monday, July 6, 2015

Hoover Institution fellow John B. Taylor says that Greece's best approach to its damaged economy is to radically change its economic policy in a pro-growth direction.

Interviews

"Reinventing Nuclear Power" With James O. Ellis, Jr.

featuring Admiral James O. Ellis Jr.via Fellow Talks
Friday, June 26, 2015

Taking a fresh look at nuclear power in a time of newfound domestic energy abundance.

Interviews

Greece's Economy Hangs In Balance After 'Greferendum'

interview with Markos Kounalakisvia Forum with Michael Krasny (KQED)
Monday, July 6, 2015

Greece needs up to 60 billion euros over the next three years to stabilize its finances, according to the International Monetary Fund.

In the News
In the News

Expert: Emerging Nuke Deal Will Allow Iran To Create “Arc Of Instability” Across Middle East

quoting Henry A. Kissinger, George P. Shultzvia The Tower
Monday, July 6, 2015

Criticizing the emerging nuclear deal between the P5+1 nations and Iran, Andrew Bowen, a senior fellow at the Center for the National Interest, argued that the agreement will come at the “expense of both Washington’s allies and the U.S.’ long-term strategic interests in the Middle East” in an analysis published Sunday on Al-Arabiya.

In the News

Greek Voters And Chinese Hairdressers

quoting John H. Cochranevia Bloomberg View
Monday, July 6, 2015

Welp. Here's a good Bloomberg TV interview with Yanis Varoufakis from last week in which he characterized a "no" vote in yesterday's referendum not as a vote against the euro, or even really against austerity, but against can-kicking.

In the News

Why Greece May Have Already Won

quoting Josef Joffevia CNN
Tuesday, July 7, 2015

As it careens from one crisis to the next, many see Greece -- and its prime minister, Alexis Tsipras -- as a rudderless ship careening aimlessly toward inevitable and total economic collapse.

In the News

Why Greece Won't Trigger A Global Crisis

quoting Michael D. Bordovia Deutche Welle (Germany)
Tuesday, July 7, 2015

Financial contagion is normally preceded by a surprise.

In the News

S.F. Pier Killing Resonating In Campaigns, Immigration Debate

quoting Bill Whalenvia San Francisco Chronicle
Monday, July 6, 2015

From the presidential stage to California’s local political contests, it may be accused killer Juan Francisco Lopez-Sanchez, a Mexican citizen with a string of deportations and drug-related felonies in the U.S., who becomes this year’s Willie Horton and shapes the debate over illegal immigration.

In the News

Overnight Healthcare: GOP Field Faces New Pressure On ObamaCare

quoting Lanhee J. Chenvia The Hill
Monday, July 6, 2015

ObamaCare's victory at the Supreme Court is putting new pressure on Republican presidential candidates to map out a replacement to the healthcare law -- a task that has eluded the party for more than five years.