Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Witness Allan Meltzer And The Ouija Board Analogy

by John B. Taylorvia Economics One
Tuesday, March 10, 2015

Last week the Senate Banking Committee held a hearing about monetary reform and the need for “responsible oversight” of the Fed as Senator Richard Shelby, the Committee Chair, put it.  Allan Meltzer was a witness, and I sat next to him at the witness table listening carefully when he spoke.

Analysis and Commentary

Minimal Financial Reforms Can Lead To Poor Economic Performance

by Michael Spencevia World Finance
Monday, March 9, 2015
At a time of lacklustre economic growth, countries around the world are attempting to devise and implement strategies to spur and sustain recovery. Multiple objectives should be pursued to avoid half-baked results.
US-Iran Relations
Analysis and Commentary

The Case For The President’s Unilateral Authority To Conclude The Impending Iran Deal Is Easy Because It Will (Likely) Be A Nonbinding Agreement Under International Law

by Jack Goldsmith, Marty Ledermanvia Lawfare
Wednesday, March 11, 2015

In Marty’s post yesterday about the letter that 47 Senators sent to “the Leaders of the Islamic Republic of Iran,” he briefly addressed the question of “whether the President has the constitutional authority to complete the agreement in question without further congressional involvement.” 

Analysis and Commentary

ISIS’s Sledgehammer Against Civilization

by Charles Hillvia Defining Ideas
Tuesday, March 10, 2015

What we lose when ideologies like Islamism catastrophically destroy our precious cultural artifacts.

Hillary Clinton
Analysis and Commentary

Hillary Threw Down the Gauntlet

by Victor Davis Hansonvia The Corner (National Review Online)
Tuesday, March 10, 2015

Hillary apparently seemed to be saying: “Most federal high-ranking employees have personal and private e-mail accounts; when they leave office they turn over their .gov accounts and keep their own. But I didn’t like that, so I gained sole control of both my private and public accounts by mixing them up on my own private server.

Analysis and Commentary

Podcasts And Chartcasts From February 2015 Southern California Conference Now Available Online

Tuesday, February 17, 2015
Pasadena, California

The Hoover Institution held its Southern California Conference in Pasadena on Tuesday, February 3, 2015. The conference offered presentations by Hoover fellows on a wide range of public policy issues, from the economy to immigration to democratic values.

News
Analysis and Commentary

Non-Legal Agreements: Easier to Make, Easier to Break

by Jack Goldsmithvia Lawfare
Wednesday, March 11, 2015

If, as Marty and I just argued, the deal with Iran is a non-binding agreement under international law, then, as we stated, “there is little doubt about the President’s constitutional authority to make the deal on his own.”  I think Senator Cotton agrees.

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Analysis and Commentary

Two Wrongs Don’t Make A Right

by Kori Schakevia Foreign Policy
Tuesday, March 10, 2015

Senate Republicans’ letter to Iran was a foolish act of pique that’s likely to backfire. But the president’s shortsighted dissing of Congress has weakened his hand for executive action.

Cybersecurity
Analysis and Commentary

Hillary’s E-Mail Blast

by Bill Whalenvia A Day At The Races
Tuesday, March 10, 2015

Hillary Clinton bowed to the inevitable earlier today and fielded reporters’ questions regarding her use of private e-mail for both public and private business while serving as U.S. Secretary of State.

Analysis and Commentary

ISIS And The Foreign-Fighter Phenomenon

by Jessica Stern, J.M. Berger via The Atlantic
Sunday, March 8, 2015

Why do people travel abroad to take part in somebody else’s violent conflict?

Analysis and Commentary

Stop Spying On Wikipedia Users – Comment On NY Times Editorial

by Herbert Linvia Lawfare
Tuesday, March 10, 2015

The New York Times today has an op-ed by the founder of Wikipedia called Stop Spying on Wikipedia Users. The op-ed asserts that “N.S.A.’s mass surveillance of Internet traffic on American soil — often called “upstream” surveillance — violates the Fourth Amendment, which protects the right to privacy, as well as the First Amendment, which protects the freedoms of expression and association.”

Analysis and Commentary

The Kremlin's Nemtsov Murder Narrative Is Hanging By A Thread

by Paul R. Gregoryvia Forbes
Tuesday, March 10, 2015

The message of Boris Nemtsov’s assassination now cannot be mistaken. The in-your-face murder in the shadow of the Kremlin obviously required high-level assistance

Analysis and Commentary

The Mischief Of 'Regrettable Substitutions'

by Henry I. Millervia Forbes
Wednesday, March 11, 2015

“Regrettable substitutions” occur when, capitulating to the demands of activists, manufacturers substitute ingredients or processes that prove to be inferior or actually harmful. 

Analysis and Commentary

Hillary's Email Caper Is 'Pure Clinton'

by Henry I. Millervia Forbes
Tuesday, March 10, 2015

In the Wall Street Journal last Friday, columnist Kim Strassel characterized the flap about Hillary Clinton’s use of only a personal email address to conduct official business during her entire tenure as secretary of state—contrary to departmental guidance.

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Analysis and Commentary

More On The Senate’s Role In The Impending Iran Deal

by Jack Goldsmithvia Lawfare
Tuesday, March 10, 2015

Iran’s Foreign Minister Javad Zarif has responded here to the letter from the 47 Republican Senators, on which I commented yesterday.  Just as the Senators’ letter purported to school Iran on U.S. constitutional law of foreign relations, Zarif says that the Senators “not only do not understand international law, but are not fully cognizant of the nuances of their own Constitution when it comes to presidential powers in the conduct of foreign policy.”

Interest Rates
Analysis and Commentary

The Henderson Misery Index

by David R. Henderson quoting Robert J. Barrovia EconLog
Tuesday, March 10, 2015

During the 1976 campaign for U.S. president, candidate Jimmy Carter popularized the "Misery Index" as a way of criticizing his opponent, Jerry Ford. The misery index--equal to the sum of the inflation rate and the unemployment rate--was devised by the late Arthur Okun, who was second chairman of the Council of Economic Advisers under President Lyndon Johnson. 

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Analysis and Commentary

Why The Letter To Iran Won’t End Well For Republicans

by Elizabeth Cobbsvia Great Debate (Reuters)
Wednesday, March 11, 2015

What happens when senators and congressmen go around a controversial president to communicate directly with the enemy? They undermine the stability of their own party — and the integrity of the nation.

Hillary Clinton official Secretary of State portrait
Analysis and Commentary

Shameless

by Victor Davis Hansonvia The Corner (National Review Online)
Tuesday, March 10, 2015
Hillary stonewalled and has now outsourced her problem to attack-dog subordinates and Democratic stalwarts who, she believes, have Hillary—or no one—for 2016.
Analysis and Commentary

Radiolab Episode On Japanese Balloon Bombs

by Benjamin Wittesvia Lawfare
Wednesday, March 11, 2015

This is an excellent bit of radio about one of the weirder forms of attack during World War II—the only one I know of that produced casualties in the continental United States: balloon bombing.

Analysis and Commentary

The Future Of Violence: Robots And Germs, Hackers And Drones—Confronting A New Age Of Threat

by Benjamin Wittes, Gabriella Blumvia Lawfare
Tuesday, March 10, 2015

We’re thrilled to announce the publication today of our new book, The Future of Violence: Robots and Germs, Hackers and Drones——Confronting A New Age of Threat .

The book takes on what we think is a pretty big question: How do you govern a world in which anyone can attack anyone from anywhere?

Interviews
Interviews

John Taylor On The John Batchelor Show (19:28)

interview with John B. Taylorvia John Batchelor Show
Tuesday, March 10, 2015

John Taylor discusses inflation, monetary policy, Milton Firedman, and a rules based Federal Reserve so congress can audit the Fed.

Putin
Interviews

Stephen Kotkin On Foreign Affairs

interview with Stephen Kotkinvia Foreign Affairs
Wednesday, March 11, 2015

Stephen Kotkin discusses Putin, Russia, and the Europeans.

In the News
In the News

Privilege Theory Destroys The American Ideal Of Equality

quoting Shelby Steelevia The Federalist
Tuesday, March 10, 2015
In this month’s National Review, Shelby Steele offers an extremely insightful article on how liberals came to dominate American culture.
In the News

The Revolution That Could Change The Way Your Child Is Taught

mentioning Eric Hanushekvia Guardian
Wednesday, March 11, 2015

The video does not seem remarkable on first viewing. A title informs us that we are watching Ashley Hinton, a teacher at Vailsburg Elementary, a school in Newark, New Jersey.