Hoover Daily Report
Featured
Featured

Why California Has A Housing Shortage—And Why Housing Prices Are So High

by Lee Ohanianvia California on Your Mind
Tuesday, September 4, 2018

Silver Lake is a three-square-mile neighborhood in central Los Angeles and home to roughly 32,000 residents. A dispute between a Silver Lake service station owner who wishes to build fourteen residential units at that location and local government that is trying to prevent this new development illustrates why real estate prices are so high in California, and why it is so difficult to build new housing in the state.

Featured

Trump On The Ground

by Victor Davis Hansonvia American Greatness
Sunday, September 2, 2018

For months, I’ve been driving on different routes through the vast San Joaquin Valley back and forth from the California coast—and through the usually economically depressed small towns on and near the Highway 99 corridor through the Central Valley. The poverty rate in many valley counties is higher than in West Virginia. It is a world away from Hollywood, Silicon Valley, the Stanford or Caltech campus, Malibu, and Pacific Heights.

Featured

Area 45: A Hoover Institution Fellow’s Idea Becomes Law

interview with Timothy Kanevia Area 45
Tuesday, September 4, 2018

How does a scholar bring policy reforms to legislative life?

Featured

Americans Won't Vote For Socialism Once They Know What It Is

by Paul R. Gregoryvia The Hill
Tuesday, September 4, 2018

A series of polls have shown that pluralities of Democrats and millennials prefer socialism to capitalism. These surveys also make clear that respondents do not know what socialism is. Also Sen. Bernie Sanders (I-Vt.) has shown that Democratic primary voters will cast their ballots for an avowed socialist if he packages his brand properly.

Featured

Hanson: Struggle Between Elites And Masses Defines US Policy

Wednesday, August 29, 2018

Victor Davis Hanson says history offers lessons for today’s technology-driven world, especially when it comes to elites, the masses, and the future of society.

News
Analysis and Commentary
John McCain
Analysis and Commentary

Some Caution, Please, Before We Go Too Far With McCain Tributes

by Bill Whalenvia Forbes
Saturday, September 1, 2018

On Sunday, John McCain will be laid to rest in a private ceremony on the grounds of the U.S. Naval Academy, his cherished alma mater. On Monday, we’ll begin the debate over how to properly honor the storied naval aviator/prisoner-of-war, also known to the nation as a 36-year veteran of Capitol Hill and two-time presidential candidate.

Analysis and Commentary

Sage Against The Machine

by Tunku Varadarajanvia The Wall Street Journal
Friday, August 31, 2018

A leading Google critic on why he thinks the era of ‘big data’ is done, why he opposes Trump’s talk of regulation, and the promise of blockchain.

Analysis and Commentary

Yoram Hazony On The Virtue Of Nationalism

by Russell Robertsvia EconTalk
Monday, September 3, 2018

Yoram Hazony discusses his book, The Virtue of Nationalism, with EconTalk host Russ Roberts. Hazony argues that nationalism, for all its flaws, is a better system than a global system of governance. He argues that while the competition between nationalist states can lead to violence, the opportunity for each nation to pursue its own policies creates the benefits that trial-and-error innovation create in the marketplace. He also points out the dangers of global government systems and argues that U.S. military dominance and various international institutions such as European Union and the International Criminal Court have been growing in power.

Analysis and Commentary

Indoctrination Saturation

by Victor Davis Hansonvia National Review
Tuesday, September 4, 2018

A definition of totalitarianism might be the saturation of every facet of daily life by political agendas and social-justice messaging. At the present rate, America will soon resemble the dystopias of novels such as 1984 and Brave New World in which all aspects of life are warped by an all-encompassing ideology of coerced sameness. 

Analysis and Commentary

Iran Needs A Whiff Of Grapeshot

by Bruce Thorntonvia Front Page Magazine
Friday, August 31, 2018

A “whiff of grapeshot” is how English historian Thomas Carlyle described Napoleon’s method of stopping a Royalist riot during the French Revolution. Napoleon ordered his men to fire cannon loaded with “grapeshot,” shrapnel, directly into the mob, killing some and scattering the rest. The saying has lived on as a lesson in deterrence: decisive and brutal force used at the right time can avoid a more serious engagement with higher casualties.

Analysis and Commentary

Lemieux: There's No Such Thing As National Interest

by David R. Hendersonvia EconLog
Monday, September 3, 2018

A third problem with the national interest is that the homogenization of individual preferences carries costs for the nationals themselves or for a large number of them, even if state propaganda tries to hide these costs. Diversified preferences, at least within a certain range, carry information and promote experimentation and innovation, from which wealth and individual flourishing spring.

Analysis and Commentary

Golden Anniversary Celebration

by Alvin Rabushkavia Thoughtful Ideas
Saturday, September 1, 2018

On September 1, 1968, I began my first full-time academic job as an Assistant Professor of Political Science at the University of Rochester. Fifty years later to the day, on my Academic Golden Anniversary, I am launching a new website, alvinrabushka.com. It presents my research on four themes: economic freedom, tax policy, race and ethnic relations, and aging policy.

Analysis and Commentary

Arizona Supremes Show Some Numeracy

by David R. Henderson mentioning Clint Bolickvia EconLog
Friday, August 31, 2018

In every course I taught in the last 20 years before I retired, I did about a 45-minute segment on numeracy. One point I emphasized is that there is typically a huge difference between a percent change and a percentage-point change. So, for example, when various proponents were advocating a one-percentage-point increase in our local sales tax, they would sometimes claim that it was a one-percent increase. A one-percent increase sounds trivial and, indeed, is trivial. 

Analysis and Commentary

Live Free And Die?

by David R. Hendersonvia EconLog
Saturday, September 1, 2018

In a recent New York Times column, economist Paul Krugman writes: The other day I had some fun with the Cato Institute index of economic freedom across states, which finds Florida the freest and New York the least free. (Is it OK for me to write this, comrade commissar?) As I pointed out, freedom Cato-style seems to be associated with, among other things, high infant mortality. Live free and die! (New Hampshire is just behind Florida.)

Interviews
Interviews

Michael Petrilli: Is The IRS Poised To Harm School Choice?

interview with Michael J. Petrillivia Education Gadfly
Wednesday, August 29, 2018

Hoover Institution fellow Michael Petrilli discusses whether new IRS regulations will harm tax credit scholarship programs.

In the News
In the News

From The Right: Final Queries For Judge Kavanaugh

quoting Richard A. Epsteinvia South Coast Today
Saturday, September 1, 2018

Four decades ago, New York Sen. Daniel Patrick Moynihan, an intellectual Democrat, observed with amazement and regret that Republicans had become the party of ideas. Today, many of America’s most interesting arguments divide conservatives. One concerns the judiciary’s role in the supervision of democracy: Should judges be, as Oliver Wendell Holmes and Robert Bork believed, deferential to majorities, or should judges be engaged in limiting majorities in the name of liberty? 

In the News

Analysis: How Do Developed Economies Maintain Their Low Interest Rates?

quoting John B. Taylorvia Hurriyet Daily News
Tuesday, September 4, 2018

How do developed economies maintain their low interest rates? The Taylor rule is a mathematical formula developed by American economist John Taylor to help central banks set short-term interest rates based on economic conditions and inflation. Its aim is to help central bankers make rational monetary policy decisions. In this sense, it acts as an objective benchmark by setting the optimal rate that balances inflation and growth targets.

In the News

Trump's 'Space Force' Could Propel Southern California's Aerospace Industry

quoting Lee Ohanianvia Los Angeles Times
Friday, August 31, 2018

“You can’t just go out in the middle of Iowa and try to create a center for space,” said Rep. Ted Lieu (D-Torrance), a retired Air Force officer. “So Southern California is very well situated” to get substantial benefits. The extent of the benefits would depend on where the headquarters is located, how much is spent on new satellites and other space systems, and how many people and programs now in the Air Force and other existing armed services might be shifted to the new force.

In the News

Migrant Crisis Continues To Haunt EU

quoting Niall Fergusonvia Gulf Times
Sunday, September 2, 2018

German Chancellor Angela Merkel won accolades for her stunning call on September 4, 2015 to keep open Germany’s doors to hundreds of thousands of asylum seekers, many fleeing war-torn Syria or Iraq.

In the News

What Governors Should Know About K-12 School Quality And The Economy

quoting Eric Hanushekvia Education Next
Monday, September 3, 2018

How can quality K-12 schools improve a state’s economy? Many people—including elected officials—don’t automatically make the connection between these two issues, though economic health and education are both top of mind for voters across the country, including those participating in this fall’s 36 gubernatorial races.

In the News

Thailand’s China Syndrome

quoting Larry Diamondvia Khaosod English
Saturday, September 1, 2018

It is impossible to overlook the growing influence of China in Thailand. Durian prices have surged in recent years due to soaring Chinese demand. Chinese buyers earlier this year overtook the Japanese in foreign condominium purchases in Bangkok. Its tourists account for the largest group of visitors, with Kasikorn Bank Economic Research Center predicting upward of 10.6 million will arrive this year, an increase of 6.3 percent to 8.4 percent. 

In the News

As Elections Approach, What Is The Risk Of Russian Meddling?

quoting Michael McFaulvia Star Tribune (MN)
Saturday, September 1, 2018

Nearly a year after Russian government hackers meddled in the 2016 U.S. election, researchers at cybersecurity firm Trend Micro zeroed in on a new sign of trouble: a group of suspect websites.

In the News

It’s Tempting To Take Social Security At 62. You Should Wait.

quoting John Shovenvia The New York Times
Friday, August 31, 2018

Perry Volpone was determined to follow the herd. All his friends started collecting Social Security benefits the moment they retired, and he saw no reason to do anything different. Yet Dana Anspach, Mr. Volpone’s newly hired financial adviser, argued against it. She urged the former retail executive, then 65, to put off applying for Social Security for five more years. Why? Because delaying it would increase his monthly benefit.

In the News

The Tensions Around Don McGahn’s Exit And The Mueller Investigation, Explained

quoting Jack Goldsmithvia Vox
Friday, August 31, 2018

White House counsel Don McGahn will depart the administration later this year amid tensions over his role in special counsel Robert Mueller’s investigation. McGahn’s intentions to leave this year have been reported for months, but after Axios reported it with more certainty Wednesday, President Donald Trump removed any ambiguity on the matter with a tweet.

In the News

Levin Embraces Pelosi While Fellow California Dems Avoid Her

quoting Bill Whalenvia The Washington Free Beacon
Sunday, September 2, 2018

While nearly all Democrats in competitive races in the state are running away from Minority Leader Nancy Pelosi, Mike Levin is actively embracing her.

In the News

Partnership Sees Students Attend Cliveden Literary Festival

mentioning Niall Fergusonvia The Bookseller
Friday, August 31, 2018

The Cliveden Literary Festival has announced a new educational partnership with the London Academy of Excellence Tottenham. As part of the initiative, 10 students from the sixth form college will attend the festival next month on 29th and 30th September.