Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Chrysler and the Rule of Law

by Todd Zywickivia Wall Street Journal
Wednesday, May 13, 2009

The rule of law, not of men -- an ideal tracing back to the ancient Greeks and well-known to our Founding Fathers -- is the animating principle of the American experiment...

Analysis and Commentary

The Deadly Sins Of The Chrysler Bankruptcy

by Richard A. Epsteinvia Forbes
Tuesday, May 12, 2009

The proposed bankruptcy reorganization of the now defunct Chrysler Corp. is the culmination of serious policy missteps by the Bush and Obama administrations...

In the News
In the News

Midweek briefing ...

with Victor Davis Hansonvia Pittsburgh Tribune-Review
Wednesday, May 13, 2009

George Mason University economist Donald J. Boudreaux (a regular Trib columnist) has some suggestions for new mottos, given the nation's ever-leftward slide into socialism...

In the News

The Nuclear Realists

with William J. Perryvia Wall Street Journal
Wednesday, May 13, 2009

A bipartisan Congressional commission on U.S. nuclear strategy released its report last week, and it deserved more attention than it got...

In the News

Former U.S. official slams Fed for inflation risk

with John B. Taylorvia Reuters
Wednesday, May 13, 2009

A sharp critic of the Federal Reserve and prominent authority on monetary policy on Tuesday slammed the U.S. central bank for risking inflation and warned that government action had "caused, prolonged and worsened" the country's financial crisis...

In the News

In Standards Push, Lawmakers Cheer States’ Initiative

with Chester E. Finn Jr.via Education Week
Wednesday, May 13, 2009

As state leaders push forward with an agreement to develop a set of common, voluntary academic standards, federal policymakers seem inclined to nurture the nascent effort by providing incentives, lending rhetorical support—and staying out of the way...

In the News

Another Yo-Yo Day For Stock Markets

with John B. Taylorvia Market News International
Wednesday, May 13, 2009

A lacklustre, see-saw day of modest gains for the blue chip Dow, while the Nasdaq felt some pain...

In the News

Washington Post Endorses Common Standards

with Chester E. Finn Jr.via Education Week
Wednesday, May 13, 2009

The Washington Post published an editorial on Sunday offering support for "common, national standards."...

In the News

Taylor Says Fed May Not Have Much Time Before Rate Rise Needed

with John B. Taylorvia Bloomberg
Wednesday, May 13, 2009

The Federal Reserve may soon need to raise interest rates, said John Taylor, the former Treasury official who devised the “Taylor Rule,” a formula for rate- setting based on the outlook for inflation and growth...

In the News

A Good Time to Stop Butting Heads

with Michael McFaulvia Moscow Times
Wednesday, May 13, 2009

There has always been an acute shortage of optimism in Russia...

In the News

Taylor Says Government Biggest Systemic Risk

with John B. Taylorvia RTTNews
Wednesday, May 13, 2009

Economics, Stanford University offered a keynote address at the Federal Reserve Bank of Atlanta's 'Financial Innovation and Crises' conference, addressing the role of the government in reducing systemic risk in the financial markets...

In the News

MONEY MARKETS-Dollar spreads tighten despite fresh concerns

with John B. Taylorvia Guardian (UK)
Wednesday, May 13, 2009

Short-term dollar money markets showed no sign of stress in Asia on Wednesday even as the U.S. dollar tumbled, owing both to a recovery in risk appetite and to a fresh debate about the risks to the U.S. credit rating...

In the News

Treasuries Rise After Retail Sales Unexpectedly Drop in April

with John B. Taylorvia Bloomberg
Wednesday, May 13, 2009

Treasuries rose after a government report showed retail sales unexpectedly fell in April, suggesting the economy remains mired in recession...

In the News

Klein on The Theory of Moral Sentiments, Episode 5--A Discussion of Parts III (cont.), IV, and V

by Russell Robertsvia EconTalk
Wednesday, May 13, 2009

This is the fifth podcast in the EconTalk Book Club discussion of The Theory of Moral Sentiments by Adam Smith...

In the News

H.S. Reformers Seize on NAEP Scores to Help Make Case

with Chester E. Finn Jr.via Education Week
Wednesday, May 13, 2009

High school reform advocates are using long-term-trend data from the latest National Assessment of Educational Progress to argue that reauthorization of the No Child Left Behind Act should step up accountability for high schools...

In the News

Factions lobby over potential Obama court pick

with Bill Whalenvia San Francisco Chronicle
Wednesday, May 13, 2009

U.S. Sen. Barbara Boxer wants a woman...

In the News

The Environment with Steven Hayward: Chapter 3 of 5

by Peter M. Robinsonvia Uncommon Knowledge
Wednesday, May 13, 2009

Steven Hayward describes how environmental conditions improve in countries that become more prosperous over time...

In the News

George Shultz reflects on a meaningful life, whether he wants to or not

with George P. Shultzvia Stanford Report
Wednesday, May 13, 2009

After a career that included service to three universities, two presidential Cabinets and one of the largest companies in the country, it seems natural that George Shultz would take the time to reflect on the influences and decisions that guided him during his 88 years...

In the News

Wal-Mart reality check

by Russell Robertsvia Cafe Hayek
Tuesday, May 12, 2009

Cool people (and many of my friends, cool and otherwise) hate Wal-Mart and sneer at those who shop there...

In the News

Timothy Garton Ash to Speak at UJ

with Timothy Garton Ashvia Krakow Post
Tuesday, May 12, 2009

Professor of European Studies at the University of Oxford and the author of eight books on the political landscape of Europe, Timothy Garton Ash will present a lecture at Krakow's Jagiellonian University this Friday, the 15th of May...

In the News

Shultz honors late professor

with George P. Shultzvia Stanford Daily
Tuesday, May 12, 2009

Not a seat was empty in Memorial Church last night as Hoover Fellow and former Secretary of State George Shultz delivered a powerful speech on “The Power of Ought” in his role as the 2009 Rathbun Visiting Fellow...

In the News

Education Next: Children Exposed to Domestic Violence Have a Negative Effect on the Behavior and Academic Achievement of Classroom Peers, New Study Finds

with Education Nextvia Business Wire
Tuesday, May 12, 2009

Children exposed to domestic violence not only have more disciplinary problems at school, they perform considerably worse in math and reading than other students...

In the News

Greenspan Sees ‘Seeds of a Bottoming’ in U.S. Housing

with John B. Taylorvia Bloomberg
Tuesday, May 12, 2009

Former Federal Reserve Chairman Alan Greenspan said that the decline in the U.S. housing market may be bottoming and it’s “very easy to see” financial markets continuing to improve...

In the News

UPDATE:Former Bush Treasury Official Blames Govt For Fincl Crisis

with John B. Taylorvia Dow Jones Newswires
Tuesday, May 12, 2009

A top former Treasury official under the Bush administration laid the blame for the financial crisis at the foot of the government Tuesday, and said the government is itself the biggest risk to the economy in the months and years ahead...

In the News

The whole point of capitalism

by Russell Roberts with Todd Zywickivia Cafe Hayek
Tuesday, May 12, 2009

Todd Zywicki, commenting on David Brooks, writes: But it seems to me that it is time to revisit this well and think about an intellectual defense of freedom that is more than "it delivers the goods."...

In the News

International economic crisis forces countries to join the 'Axis of Upheaval'

with Niall Fergusonvia Tennessean
Tuesday, May 12, 2009

The current condition of Somalia, as a safe haven for pirates, not to mention terrorists, and poachers of the wildlife of neighboring Kenya, with a chaotic non-government should not be unexpected. Unlike most Americans, I was in a position to see this nearly three decades ago...

In the News

Remainders: “This guy should not be teaching,” says teacher

with Diane Ravitchvia Gotham Schools
Tuesday, May 12, 2009

Diane Ravitch says the Harlem Children’s Zone offers lessons, but not the ones David Brooks saw...

In the News

More Head Start? Not Smart

via Investor's Business Daily
Monday, May 11, 2009

Education: President Obama says his budget "cuts" include ending the Even Start program...

In the News

Faking Left

with Peter Berkowitzvia New York Times
Monday, May 11, 2009

Among their many aspirations for his presidency, Barack Obama’s admirers nurse a persistent hope that he might be able to end the culture wars...

In the News

Is the End Near for Teachers' Unions?

with John E. Chubb, Terry M. Moevia Education Week
Thursday, May 7, 2009

Terry M. Moe and John E. Chubb made a big splash in 1990 with their book, Politics, Markets, and America's Schools...