Hoover Daily Report
Featured
Featured

Economic Stimulus Is The Wrong Prescription

by Edward Paul Lazearvia The New York Times
Tuesday, March 24, 2020

We need liquidity to help businesses and individuals get through this necessarily tough time.

Featured

The Logic Of Pottersville

by Victor Davis Hansonvia National Review
Tuesday, March 24, 2020

In director Frank Capra’s 1946 holiday classic movie It’s a Wonderful Life, an initial bank panic sweeps the small town of Bedford Falls. Small passbook account holders rush to George Bailey’s family-owned Bailey Building and Loan to demand the right to cash out all of their deposits — a sudden run that would destroy the lending cooperative and its ability to issue mortgages or preserve the savings accounts of the small town.

Featured

Coronavirus Overreaction

by Richard A. Epsteinvia Defining Ideas
Monday, March 23, 2020

The hasty and disproportionate responses to COVID-19 will prove far more devastating than the disease.

Featured

As COVID-19 Spreads, California Wages War With Gig Businesses That Would Save The Most Vulnerable

by Lee Ohanianvia California on Your Mind
Tuesday, March 24, 2020

Late last week, California governor Gavin Newsom issued a stay-at-home order for nearly all California residents, shuttering most of the world’s fifth largest economy. This shutdown remarkably increases the need for on-demand drivers for delivery of groceries, medications, and prepared food to California households, particularly the oldest and most vulnerable.

Featured

John H. Cochrane On COVID-19 And The Economy | Hoover Virtual Policy Briefing

interview with John H. Cochranevia Hoover Virtual Policy Briefings
Monday, March 23, 2020

A Hoover Virtual Policy Briefing with John H. Cochrane on COVID-19 and the Economy.
Recorded: Monday, March 23, 2020 at 11AM PT/ 2PM ET

Analysis and Commentary
Analysis and Commentary

Strategic Review And Beyond: Rethinking Monetary Policy And Independence

by John H. Cochranevia Grumpy Economist
Monday, March 23, 2020

March 4, I was honored to give the Homer Jones lecture at the St. Louis Federal Reserve. I used the opportunity to put lots of thoughts together in condensed form, on how the Fed and other central banks should approach monetary policy, financial regulation, and ever-expanding mandates. It will appear in prettier form in the April St. Louis Fed Review.

Analysis and Commentary

Reasonable Disagreements: Socially Distant: Richard And Adam Disagree About COVID-19

interview with Richard A. Epstein, Adam J. Whitevia Reasonable Disagreements
Monday, March 23, 2020

Assessing the policy responses to COVID-19.

Analysis and Commentary

Fed Bombshell

by John H. Cochranevia Grumpy Economist
Monday, March 23, 2020

The Fed just announced "extensive new measures to support the economy." What's this all about? The PMCCF will allow companies access to credit ... This facility is open to investment grade companies and will provide bridge financing of four years. ... The Federal Reserve will finance a special purpose vehicle (SPV) to make loans from the PMCCF to companies. The Treasury, using the ESF, will make an equity investment in the SPV.

Analysis and Commentary

David Davenport: A Different Kind Of Character For A Different Kind Of War

by David Davenportvia Townhall Review
Tuesday, March 24, 2020

America is again at war, but war of a different kind: war against an unknown virus attacking our health, our economy, our social lives. Sadly, there is no quick knockout punch we can deliver to the enemy, no cease-fire agreement halting hostilities.

Analysis and Commentary

American Firms Foresee A Huge Negative Impact Of The Coronavirus

by David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, Nick Parkervia Federal Reserve Bank of Atlanta
Monday, March 23, 2020

The rapid unfolding of the COVID-19 pandemic has created grave concerns for the health and welfare of the U.S. population and the economy. The economic worries are very apparent in financial markets. From the closing bell on February 21 through March 20, U.S. equities fell more than 30 percent, and stock market volatility skyrocketed.

Analysis and Commentary

Henderson On Economics And Coronavirus

by David R. Hendersonvia EconLog
Monday, March 23, 2020

This is an interview I did on KCBS San Francisco Sunday afternoon. The producer asked me if I could comment on what people who are short of cash should do to survive. So that’s what I prepared for. But then the interviewer, Susan Kennedy, led with a bigger-picture question and got, I think, a surprising response. The whole thing goes less than 4 minutes.

Interviews
Interviews

Scott Atlas - Would Medicare For All Make Fighting Coronavirus Easier Or Worse?

interview with Scott W. Atlasvia The Lars Larson Show
Monday, March 23, 2020

Hoover Institution fellow Scott Atlas discusses whether Medicare for all would make it easier and less expensive to treat the coronavirus.

Interviews

Russ Roberts: Health Care, Free Markets, And Viruses

interview with Russell Robertsvia The Accad & Koka Report
Monday, March 23, 2020

Hoover Institution fellow Russ Roberts discusses how health care and free markets work in the age of deadly viruses.

Interviews

Michael Auslin On The John Batchelor Show (Part 1 Of 2)

interview with Michael R. Auslinvia The John Batchelor Show
Monday, March 23, 2020

(Part 1) Hoover Institution fellow Michael Auslin discusses his new book Asia’s New Geopolitics, which will be published in May, 2020.

Interviews

Michael Auslin On The John Batchelor Show (Part 2 Of 2)

interview with Michael R. Auslinvia The John Batchelor Show
Monday, March 23, 2020

(Part 2) Hoover Institution fellow Michael Auslin discusses his new book Asia’s New Geopolitics, which will be published in May, 2020.

In the News
In the News

Hoover Virtual Policy Briefings

via Hoover Daily Report
Monday, March 23, 2020

The Hoover Institution presents an online virtual briefing series on pressing policy issues, including health care, the economy, democratic governance, and national security. Briefings will include thoughtful and informed analysis from our top scholars.

In the News

‘Niall Ferguson’s Networld’ Review: Everything’s Always Been Connected

featuring Niall Fergusonvia The Wall Street Journal
Monday, March 23, 2020

Until recently, most casual conversations about current television would arrive at the same conclusion: “There’s just too much! You can’t watch it all!” That diagnosis is now being put to the test. But not only are the sequestered multitudes going to consume more television, they’re likely to digest it differently. And there are few better examples of that than “Niall Ferguson’s Networld.”

In the News

Temporary Shock Shouldn't Become Permanent: Raghuram Rajan On Coronavirus Impact On Economy

featuring Raghuram Rajanvia India Today
Monday, March 23, 2020

Former RBI governor Raghuram Rajan spoke exclusively to India Today News Director Rahul Kanwal about his understanding of the economic situation in a post-coronavirus world and how India can deal with the global pandemic.

In the News

Trump: 'We Can't Let The Cure Be Worse Than The Problem Itself'

quoting Kevin Hassettvia The Hill
Monday, March 23, 2020

President Trump is suggesting he might lift restrictions intended to prevent the spread of coronavirus if the economic pain from the measures becomes too great, tweeting that "we cannot let the cure be worse than the problem itself.

In the News

Schools Are Shut, So How Will Kids Learn Amid The Covid-19 Pandemic?

quoting Michael J. Petrillivia The Washington Post
Sunday, March 22, 2020

Schools may be shuttered and families hunkered down, but teacher Tim Rodman is keeping his Maryland classroom going during the coronavirus pandemic — ever the energetic voice of AP Macroeconomics as he hosts a video call with students who live 40 miles away.

In the News

Trump Weighs Restarting Economy Despite Warnings From U.S. Public Health Officials

cited Richard A. Epsteinvia The Washington Post
Monday, March 23, 2020

President Trump on Monday said he is considering scaling back steps to constrain the spread of the coronavirus in the next week or two because of concerns that the impact on the economy has become too severe.