Hoover Daily Report
Featured
Featured

How To Treat The Financial Symptoms Of Covid-19

by John H. Cochranevia The Wall Street Journal
Tuesday, March 17, 2020

[Subscription required] Federal spending is needed but not enough. Making loans is better than writing checks. Avoid coercion.

Featured

Dems' Roller Coaster Steadies As Center & Center-Left Take Over

by David Brady, L. Sandy Maisel, Brett Parkervia Real Clear Politics
Tuesday, March 17, 2020

For nearly a year, the Democratic Party’s primary season featured unexpected surges and declines. To pundits, and many rank-and-file Democrats, it seemed like a wild ride, with capricious rises and falls. We find, however, that the change in fortunes of the Democratic field can be explained by two factors. 

Featured

On Coronavirus, Beware The Totalitarian Temptation

by Josef Joffevia The American Interest
Tuesday, March 17, 2020

The coronavirus pandemic has revived an old nostrum: Totalitarians perform better in devastating times than democracies. Not so—the cure is worse than the catastrophe.

Featured

Beijing Fears COVID-19 Is Turning Point For China, Globalization

by Michael R. Auslinvia Real Clear Politics
Wednesday, March 18, 2020

While the world fights the coronavirus pandemic, China is fighting a propaganda war. Beijing’s war aim is simple: shift away from China all blame for the outbreak, the botched initial response, and its early spread into the broader world. At stake is China’s global reputation, as well as the potential of a fundamental shift away from China for trade and manufacturing. 

Featured

Hoover Institution Press Publishes Three Tweets To Midnight, Edited By Harold A. Trinkunas, Herbert S. Lin, And Benjamin Loehrke

Tuesday, March 17, 2020
Hoover Institution, Stanford University

The Hoover Institution Press published a new volume about how the rise of social media and the new global information ecosystem have created conditions for the rapid spread of misinformation and disinformation that can potentially fuel conflict between nuclear powers.

Press Releases
Analysis and Commentary
Analysis and Commentary

Bernie's Last Gasp: Tie Revolution To Defeating Coronavirus

by David Davenportvia The Washington Examiner
Monday, March 16, 2020

Bernie Sanders has now enrolled in the Rahm Emanuel school of public policy: Never let a good crisis go to waste — it’s an opportunity to do things you could not do before. That’s the life preserver Sanders has grabbed onto as his campaign sinks into the depths, seeking to tie his goal of “political revolution” to the coronavirus crisis.

The Grumpy Economist
Analysis and Commentary

The Grumpy Economist: How We Broke (And May Be Fixing) Housing

with John H. Cochranevia The Grumpy Economist | A Podcast with John H. Cochrane
Wednesday, March 18, 2020

Government interventions have grossly distorted housing markets — but a promising new movement may counteract some of the damage.

Analysis and Commentary

The 2018 Blue Wave That Wasn’t, Really

by Victor Davis Hansonvia National Review
Tuesday, March 17, 2020

Democrats overhyped their takeover of the House and then over-focused on impeachment.

Analysis and Commentary

WSJ Oped On Virus Policy

by John H. Cochranevia Grumpy Economist
Wednesday, March 18, 2020

Why is the market going nuts? What should policy do? I put some of my recent thoughts in a Wall Street Journal Op-ed, here. As usual I can't post the whole thing for 30 days, but if you're clever you can find it.

Analysis and Commentary

Airline Bailouts And Capital Regulation

by John H. Cochranevia Grumpy Economist
Tuesday, March 17, 2020

The airlines are about to get a huge bailout. Why are they in such trouble? Well, yes, nobody is flying so their revenues are cratering. But why not just stop flying for a while? The answer is, they have loads and loads of debt.

Analysis and Commentary

Unemployment Insurance Pandemic Conundrum

by John H. Cochranevia Grumpy Economist
Tuesday, March 17, 2020

Should the government make unemployment insurance more generous and easier to get in the pandemic recession? Well, yes, but it's not ideal, and a good point on which to ponder the difference between a pandemic recession and a conventional recession.

Analysis and Commentary

The Importance Of The Diamond Princess

by David R. Hendersonvia EconLog
Tuesday, March 17, 2020

A Diamond in the Sea. In a blog post yesterday, I laid out the case that my good friend and co-author Charley Hooper made for the conclusion that the deaths from the coronavirus-induced Covid-19 disease will be comparable to the deaths from flu.

Interviews
Interviews

Victor Davis Hanson: The Case For Trump Is Out. Meanwhile, The Boomerang.

interview with Victor Davis Hansonvia The Victor Davis Hanson Podcast
Tuesday, March 17, 2020

Hoover Institution fellow Victor Davis Hanson predicts that China’s Communists will rue what they begat, he talks about the new (paperback) updated and expanded edition of The Case for Trump, he scopes out the reelection chances of POTUS, and he heralds the American men and women who sweat and strain to keep us alive.

Interviews

Raghuram Rajan: Fed Slashes Rates To Zero Amid Coronavirus Fears

interview with Raghuram Rajanvia Yahoo Finance
Monday, March 16, 2020

Hoover Institution fellow Raghuram Rajan discusses what the emergency rate cut by the Federal Reserve means for markets and investors, and what the central bankers can do going forward.

Interviews

Bill Whalen On The John Batchelor Show

interview with Bill Whalenvia The John Batchelor Show
Tuesday, March 17, 2020

Hoover Institution fellow Bill Whalen discusses the Democratic primaries as well as voting during the outbreak of coronavirus.

Interviews

Russ Roberts: The Human Experience And Technology

interview with Russell Robertsvia Frontier Podcast by Gun.io
Wednesday, March 18, 2020

Hoover Institution fellow Russ Roberts gives his insights into making space for the human experience in technology, and more.

Interviews

John Yoo: Will Efforts To Combat The Spread Of Coronavirus Threaten Americans' Civil Liberties?

interview with John Yoovia Fox News
Wednesday, March 18, 2020

Hoover Institution fellow John Yoo talks about the threats to civil liberties in efforts to combat the spread of coronavirus.

In the News
In the News

Witch Hunts: Where “Fake News” Began | Niall Ferguson’s Networld

featuring Niall Fergusonvia WPBS
Tuesday, March 17, 2020

In the 1600s, self-proclaimed witch hunter Matthew Hopkins stirred public panic with his book “The Discovery of Witches,” as competing Catholics and Protestants sought to attract new followers by demonstrating their power to expose and capture “witches.”

In the News

The Case That Mainstream Coronavirus Forecasts Are Too Gloomy

quoting Richard A. Epsteinvia Powerline
Tuesday, March 17, 2020

The estimable Richard Epstein offers a contrarian view of the Wuhan coronavirus crisis. He argues that panic over the virus is significantly overblown.

In the News

Will The Coronavirus Pandemic Cause A Recession?

quoting Kenneth L. Juddvia UChicagoNews
Tuesday, March 17, 2020

The World Health Organization has declared a global pandemic as COVID-19, popularly known as the novel coronavirus, spreads rapidly across the world. As tumbling stock markets reveal growing fears about the potential economic impact, the Initiative on Global Markets at the University of Chicago Booth School of Business surveyed both its U.S. and European economic experts on the likelihood of a major recession.

In the News

China’s Post-Coronavirus Scheming And Other Commentary

quoting John Yoovia New York Post
Tuesday, March 17, 2020

The Chinese regime, which has “hated” the Trump administration’s “tariffs, negotiations and measures to protect US industries” from the start, is “preparing to use” the coronavirus crisis to get its revenge, warns The Washington Post’s Josh Rogin, and, “We better start taking notice.” 

In the News

Federal Reserve Can’t Provide Fix Our Corona-Slammed Economy Needs

quoting Kevin Warshvia New York Post
Tuesday, March 17, 2020

Sorry, President Trump, the Fed can’t bail us out of this one. Nor can even an audacious plan, like Treasury Secretary Steve Mnuchin’s proposal to simply cut people government checks.

In the News

Media War Between China And U.S. Escalates As China Kicks Out Most American Journalists

quoting Markos Kounalakisvia PJ Media
Tuesday, March 17, 2020

There's been a media war being waged by China and the U.S. since February as China seeks to control information in the wake of the COVID-19 pandemic.

Federal Reserve
In the News

CRE Financiers Weigh In On Fed Action, COVID-19 Fallouts

quoting Kevin Warshvia Commercial Observer
Tuesday, March 17, 2020

Market spikes and uncertainty driven by the coronavirus led to a monumental Fed interest rate cut. What’s on the minds of financiers, and what’s next?

In the News

POLITICO Playbook PM: Trump Wants To Send Checks To Americans

quoting Kevin Warshvia Politico
Tuesday, March 17, 2020

The Trump administration just backed a massive plan to send cash to Americans. It is, probably, the most aggressive form of stimulus Congress has the capacity of taking. And Treasury Secretary Steven Mnuchin and President Donald Trump said they are looking for quick action from Congress. 

In the News

It Will Take A $1.5 Trillion Stimulus To Save America, Former Fed Economist Says

cited Kevin Warshvia Market Watch
Wednesday, March 18, 2020

Top Federal Reserve officials rarely like to tell Congress what to do. Former Fed economists feel free to offer advice without compunction.