Hoover Daily Report
Featured
Featured

The Recovery Is Reaching Its End

by Edward Paul Lazearvia The Wall Street Journal
Tuesday, June 18, 2019

When unemployment dropped below 5% three years ago, some economists, including at the Federal Reserve, concluded that the labor market had topped out—that those still out of work would never get jobs. Three years and nearly eight million additional jobs later, it’s clear they were wrong.

Featured

What Democratic Socialism Does To Economic Prosperity

by Lee Ohanianvia PolicyEd
Tuesday, June 18, 2019

Democratic socialism diminishes economic prosperity and ultimately requires a return to market-based policy.

Featured

The China-Iran-Border Matrix

by Victor Davis Hansonvia National Review
Tuesday, June 18, 2019

President Trump and Secretary Pompeo have worked the U.S. into an advantageous position with a consistent policy toward bad actors.

Featured

Cyber Runs: How A Cyber Attack Could Affect U.S. Financial Institutions

by Darrell Duffie, Joshua Youngervia Brookings Institution
Tuesday, June 18, 2019

Cyber risks to financial stability have received significant attention from policy makers. These risks are worsened by the increasing diversity of perpetrators—including state and non-state actors, cyber terrorists, and “hacktivists”—who are not necessarily motivated by financial gain.

Analysis and Commentary
Analysis and Commentary

China’s Privileging Of “Mr. Science” Over “Mr. Democracy”

by Michael R. Auslinvia Law & Liberty
Wednesday, June 19, 2019

For decades, the voices of dissident Chinese, like human rights lawyer and activist Teng Biao, were occasionally heard and never listened to by the larger world. Some, like Wei Jingsheng, author of the famous “Fifth Modernization” essay during the Democracy Wall movement in 1978, or Wang Dan, student leader of the 1989 Tiananmen Square democracy protests, became minor celebrities in the world of human rights and democracy promotion. Yet even the most prominent among them failed to change in any material way the world’s policies towards China. 

Analysis and Commentary

U.S. Cyber Infiltration Of The Russian Electric Grid: Implications For Deterrence

by Herbert Linvia Lawfare
Tuesday, June 18, 2019

The New York Times reported on June 15 that “the United States is stepping up digital incursions into Russia’s electric power grid in a warning to President Vladimir V. Putin.” In particular, the Times reported that the United States has deployed code “inside Russia’s grid and other targets”—that is, “potentially crippling malware inside the Russian system, ... intended partly as a warning, and partly to be poised to conduct cyberstrikes if a major conflict broke out between Washington and Moscow.” The article also noted that this step would represent a major escalation in the ongoing cyber conflict between Moscow and the United States.

Analysis and Commentary

The Libertarian: A Crisis Of Liberalism?

interview with Richard A. Epsteinvia The Libertarian
Tuesday, June 18, 2019

What the new critics of the free market — on both the left and the right — get wrong.

Golden Gate Bridge in San Francisco, California
Analysis and Commentary

Ominous News From The San Francisco Fed

by David R. Hendersonvia EconLog
Tuesday, June 18, 2019

And you thought the Fed was just about monetary policy. The Federal Reserve Bank of San Francisco wants banks to get extra credit for making loans that help communities adapt to climate change and prepare for future natural disasters.

Interviews
Interviews

Darrell Duffie: Facebook Announces Plans For Libra, Its Own Cryptocurrency

interview with Darrell Duffievia WESM 91.3 FM
Tuesday, June 18, 2019

Hoover Institution fellow Darrell Duffie discusses Libra, Facebook's new crypto-currency.

Interviews

Victor Davis Hanson: President Trump's New Immigration Policy

interview with Victor Davis Hansonvia The Laura Ingraham Podcast
Tuesday, June 18, 2019

Hoover Institution fellow Victor Davis Hanson discusses President Trump's new immigration policy.

Interviews

Jonathan Rodden: Do Urban Voters Get Short Shrift In Congress?

interview with Jonathan Roddenvia Futurity
Tuesday, June 18, 2019

Hoover Institution fellow Jonathan Rodden argues that ever since President Franklin Roosevelt’s New Deal of the 1930s, the Democratic Party has evolved to become an almost exclusively urban party. Rodden’s analysis—which included a geo-spatial, statistical deep dive into election and Census data from the 19th century to the present—appears in his new book, Why Cities Lose: The Deep Roots of the Urban-Rural Political Divide.

Interviews

The Global Crisis Of Liberal Democracy With Larry Diamond

interview with Larry Diamondvia The Brian Lehrer Show (WNYC)
Wednesday, June 19, 2019

Hoover Institution fellow Larry Diamond talks about his new book Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency, and looks at the global and domestic threats to the principles of liberal democracy.

Interviews

Bill Whalen On The John Batchelor Show

interview with Bill Whalenvia The John Batchelor Show
Tuesday, June 18, 2019

Hoover Institution fellow Bill Whalen discusses his Forbes article "Where Were You, Four Years Ago? Like Me, Probably Discounting Trump."

Interviews

John Yoo: How Will Supreme Court Picks Factor Into The 2020 Presidential Campaigns?

interview with John Yoovia Fox News
Tuesday, June 18, 2019

Hoover Institution fellow John Yoo discusses investigating the investigators.

In the News
In the News

Understanding US/China Relations

featuring Stephen Kotkinvia Top 1000 Funds
Wednesday, June 19, 2019

With the US-China trade war turning into what looks to be a grave and possibly permanent collapse in relations between the two super powers, institutional investors will reap their biggest gains from dislocation, according to Stephen Kotkin, professor of history and international affairs at Princeton.

In the News

H.R. McMaster: Iran Cannot Be Treated As ‘Responsible Nation’

quoting H. R. McMastervia Washington Examiner
Tuesday, June 18, 2019

Former national security adviser retired Lt. Gen. H.R. McMaster is warning against “wishful thinking” in dealing with Iran and arguing that the experience of the nuclear deal revealed that making concessions to Tehran only emboldens Iran to intensify its proxy war in the region.

In the News

VDH On How Liberalism Destroyed California

quoting Victor Davis Hansonvia Rush Limbaugh Show
Tuesday, June 18, 2019

Victor Davis Hanson was on with Chatsworth Osborne Jr. last night on the Fox News Channel. And I want to play these two bites. Victor Davis Hanson lives in California as a farmer. He lives and works, he lives on a farm not far from Fresno. And he knows the circumstances of life away from the coast. But he also works at the Hoover Institute, which is a Never Trumper conservative think tank at Stanford in Palo Alto, and he goes there occasionally.

In the News

Bernie Sanders Calls For 'Fundamental Change' To US Economy, 'Economic Bill Of Rights'

quoting Niall Fergusonvia International Business Times
Tuesday, June 18, 2019

Confident that he is the strongest Democratic candidate to square off with President Donald Trump in 2020, Sen. Bernie Sanders, I-Vt., took his message for fundamental change in the economy and politics to Fox News on Sunday.

In the News

Sohn: Why We Still Aren't Protecting Elections

quoting Michael McFaulvia Times Free Press
Sunday, June 16, 2019

It seems the forgotten tragedy of Donald Trump's election and the Mueller probe is that we know Russia interfered with our 2016 election, but our government isn't doing anything about it.

In the News

Will Inflation ‘Save’ Social Security?

quoting Charles Blahousvia Liberty Headlines
Tuesday, June 18, 2019

That’s not exactly news – at least not to anyone who has been paying attention to the sorry state of federal finances. Yet to most Americans, the ballooning national debt ($22.3 trillion and counting) isn’t a problem that impacts their daily lives. They won’t directly perceive the cost of another trillion dollars in borrowing in the government’s next fiscal year.

In the News

Little Greece Becoming Big Player In World Geopolitics

quoting Victor Davis Hansonvia The National Herald
Wednesday, June 19, 2019

Hitting bigger than its political weight, Greece – attaching itself at the hip to the United States and mulling an expanded American military presence in the country – has found itself taking an increasingly, if unlikely, bigger role in international politics in the region.

In the News

Trump’s Top Russia Aide To Depart

quoting Michael McFaulvia Foreign Policy
Tuesday, June 18, 2019

With Hill’s departure, the administration loses an experienced Russia hand widely respected by regional experts and policymakers on both sides of the aisle, a rarity in Trump’s hyperpoliticized Washington. Her appointment as the senior director for European and Russian affairs two months into the Trump administration was welcomed by longtime Russia watchers at a time when the president’s relationship with Moscow was under investigation and U.S.-Russia relations were at their lowest ebb since the Cold War.

Hong Kong Umbrella Revolution Collection, Box 2, Hoover Institution Archives
In the News

Hong Kong Protests Mark Major Turning Point In Resistance To Chinese Totalitarianism

mentioning Alvin Rabushkavia Newsweek
Tuesday, June 18, 2019

One of the most important struggles on the planet is taking place right now between the people of Hong Kong and the dictatorship of General Secretary Xi Jinping.