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What Happens To Local Jobs When State Taxes Go Up?

featuring Joshua D. Rauhvia Graduate School of Business, Stanford University
Monday, July 22, 2019

A new study, coauthored by Hoover Institution fellow and Stanford Graduate School of Business Finance Professor Joshua D. Rauh, offers a solid answer to what happens to local jobs when state taxes go up: Hiking the state corporate tax rate just one percentage point, say, from 6% to 7%, will indeed spur some companies to pull up stakes and take jobs with them.

Featured

The Economy, Father Of Us All

by Victor Davis Hansonvia National Review
Tuesday, July 23, 2019

Good times immunize a president and make his over-the-top domestic enemies look irrelevant.

Featured

Foolish On Climate Change

by Richard A. Epsteinvia Defining Ideas
Monday, July 22, 2019

Andrew Cuomo doesn’t get the science or economics of his own policies.  

Featured

Kamala Harris’s Economic Policies

by Lee Ohanianvia California on Your Mind
Tuesday, July 23, 2019

There are now five Democratic presidential candidates who appear to have separated from the original field of 25: Joe Biden, Bernie Sanders, Elizabeth Warren, Pete Buttigieg, and Kamala Harris, who has made a significant move in the polls since her performance in the first Democratic debate.

Last week, Harris moved slightly ahead of Biden, 23 percent to 21 percent, in one highly respected poll. This same poll found Harris ahead of Trump, 49 percent to 41 percent, if the election were to be held now.

Analysis and Commentary
Analysis and Commentary

Ramifications Of Social Security 2100 Act For Program Participants Would Be Substantial

by Charles Blahousvia CNS News
Monday, July 22, 2019

Advocates of Social Security expansion have declared their intention to move the “Social Security 2100 Act” through the House of Representatives before August recess. The bill, introduced by Rep. John Larson (D., Conn.), has more than 200 co-sponsors.

Analysis and Commentary

The Ghost Of Weimar Germany Is Only A Ghost

by Josef Joffevia The Wall Street Journal
Sunday, July 21, 2019

A political assassination renews fears, but the far right remains weak, disorganized and isolated.

Analysis and Commentary

Lanhee Chen: $15 Minimum Wage May Do More Harm Than Good

by Lanhee J. Chenvia Townhall Review
Tuesday, July 23, 2019

The Democrat-controlled House of Representatives recently passed legislation to raise the minimum wage from $7.50 to $15 nationwide. While that might sound good to some, the reality is that such an increase may put up to 3.7 million people out of work, according to the nonpartisan Congressional Budget Office.

Analysis and Commentary

The Value Of Government Debt

by John H. Cochrane via National Burea of Economic Research
Tuesday, July 23, 2019

The market value of government debt equals the present discounted value of primary surpluses. Applying present value decompositions from asset pricing to this valuation equation, I find that half of the variation in the market value of debt to GDP ratio corresponds to varying forecasts of future primary surpluses, and half to varying discount rates. Variation in expected growth rates is unimportant.

Analysis and Commentary

Why The EU Lost Middle England

by Tunku Varadarajanvia The Wall Street Journal
Monday, July 22, 2019

Brexit isn’t rooted in ‘emotion’ but in a quiet sense of civilization evident in a village church.

Analysis and Commentary

The Fightback For Liberal Britain Begins Here. Jo Swinson Can Lead It

by Timothy Garton Ashvia The Guardian
Monday, July 22, 2019

Brexit gives the new Lib Dem leader a unique opportunity. She must now channel the best of her party’s traditions and make new alliances.

Analysis and Commentary

One Giant Leap

by David R. Hendersonvia EconLog
Monday, July 22, 2019

At Tyler Cowen’s recommendation, I bought One Giant Leap: The Impossible Mission that Flew Us to the Moon,by Charles Fishman. I recommend it, with reservations.

Analysis and Commentary

Trump Rally Triggers The Republican Parsons

by Bruce Thorntonvia Front Page Magazine
Monday, July 22, 2019

Never Trumpers pander to the Left’s totalitarian rules for speech.

Analysis and Commentary

A Rising Economic Tide + Reform + Resources = Better Results

by Michael J. Petrilli quoting Eric Hanushek, Margaret (Macke) Raymondvia Education Next
Monday, July 22, 2019

Recently, I argued that much of the progress of the No Child Left Behind era may have stemmed from the dramatically declining child poverty rates of the 1990s. But much does not mean all. Other things were happening back then, too, things that deserve at least some of the credit—namely more education reform and more education resources. Let’s look at the evidence for both.

Interviews
Interviews

Eric Hanushek: School Demographics, Teacher Salaries, And The Economics Of Education

interview with Eric Hanushekvia The Federalist
Monday, July 22, 2019

Hoover Institution fellow Eric Hanushek discusses a number of topics including: common misconceptions for improving US schools, the culture war within public schools, the impact of a child’s family life on education, and the correlation between a teacher’s pay and the quality of education.

Interviews

Victor Davis Hanson: Democrats In Panic Mode As Party Reaches The ‘Most Left-Wing Position Possible’ On Immigration

interview with Victor Davis Hansonvia Daily Caller
Monday, July 22, 2019

Hoover Institution fellow Victor Davis Hanson discusses the problems with illegal immigration as well as the lack of enforcement of our laws.

Interviews

Raghuram Rajan On Prospects For A World Recession

interview with Raghuram Rajanvia BBC News
Monday, July 22, 2019

Hoover Institution fellow Raghuram Rajan says trade friction between the US and China and the prospects of Brexit have helped damage business confidence, but it was not clear yet whether this would lead to a recession.

Interviews

Lanhee Chen: Here’s Where Democrats And Republicans Stand On The Debt Ceiling

interview with Lanhee J. Chenvia CNBC
Monday, July 22, 2019

Hoover Institution fellow Lanhee Chen discusses the latest details on the debt ceiling fight in Washington, and how it might get resolved.

Interviews

Russ Roberts Ask Me Anything

interview with Russell Robertsvia Adam Smith Works
Monday, July 22, 2019

Hoover Institution fellow Russ Roberts answers your questions on a number of matters including economic, philosophic, and literary.

In the News
In the News

Beware Biden’s ‘Public Option’

quoting Scott W. Atlasvia The Business Journal
Monday, July 22, 2019

In the face of calls for “Medicare for All” on the presidential campaign trail, Joe Biden is pushing an old, familiar tune called “the public option.”

In the News

Tlaib Calls For $20-An-Hour Minimum Wage: 'I Can't Allow People To Be Living Off Tips'

quoting Richard A. Epsteinvia Fox News
Monday, July 22, 2019

Rep. Rashida Tlaib, D-Mich., called for a federal minimum wage of $20 per hour at an event in Detroit on Sunday night, prompting mockery from conservatives and threatening to force mainline Democrats in the 2020 presidential race to address the issue in upcoming debates.

In the News

Bernie Sanders Single-Handedly Exposes The Democrats’ Minimum Wage Fraud

quoting Thomas Sowellvia Conservative Review
Monday, July 22, 2019

Bernie Sanders has some well-earned egg on his face after he cut campaign employees’ hours in order to meet their demands for a $15 an hour wage. The move isn’t surprising to anyone with a basic grasp of how economics works. Mandating a higher wage doesn’t mean that the resources to pay for it are magically going to appear. It’s the same reason why the Congressional Budget Office predicted that the recent $15 minimum wage bill passed by the House could kill almost 4 million jobs. 

In the News

Why Getting Election Security Right For 2020 Matters

quoting Herbert Linvia CSO Online
Monday, July 22, 2019

How much election security is enough? Enough to convince the loser they lost. We're not there yet.

In the News

Ransomware Attacks Hit Schools, But Experts Question Intent, Whether Trend Affects Arkansas

quoting Herbert Linvia ArkansasOnline
Monday, July 22, 2019

Black-hat hackers are increasingly targeting schools across America. But that could be by accident, say experts in Arkansas, who question whether the trend -- if there is one -- has reached Arkansas. "It's interesting that they're getting down to the schools," said Elizabeth Bowles, president and CEO of Aristotle Unified Communications in Little Rock.

In the News

Prominent Europeans Call For Change In Approach To EU Foreign Policy

mentioning Timothy Garton Ashvia The Sofia Globe
Monday, July 22, 2019

This is the text of an open letter signed by more than 60 prominent Europeans, all Council Members of the European Council on Foreign Relations (ECFR), calling on the new EU leadership team, who will take over in late 2019, to understand the challenge that confronts them and receive the tools they need from EU governments to change Europe’s approach to foreign policy.

E.g., 7 / 24 / 2019
E.g., 7 / 24 / 2019

Tuesday, February 20, 2001

Analysis and Commentary

by Alvin Rabushka, Michael S. Bernstam Tuesday, February 20, 2001
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Monday, February 19, 2001

Analysis and Commentary

by Gerald A. Dorfman Monday, February 19, 2001
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Monday, February 12, 2001

Analysis and Commentary

by Paul T. Hill Monday, February 12, 2001
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Monday, February 5, 2001

Analysis and Commentary

by William Damon Monday, February 5, 2001
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In the News

Tsinghua Holdings, Beijing Future Science Park Host Green Energy Forum

featuring James L. Sweeneyvia ECNS
Tuesday, November 21, 2017

A clean energy themed forum was held at the Beijing Future Science Park on Nov 19, at which Chinese and foreign experts shared the latest scientific research and exchanged industrial development trends and prospects.

Featured

Why Do These Wars Never End?

by Victor Davis Hansonvia National Review
Tuesday, November 21, 2017

Weaker enemies, by design, do not threaten stronger powers existentially; ‘proportionality’ means stalemate. 

Featured

Innovation And Prosperity In An Age Of Transition

by Michael Spencevia Centre for International Governance Innovation
Tuesday, November 21, 2017
The post-World War II period of unprecedented growth and prosperity has brought home lessons, many of which are relevant today and likely will be in the future. Several things stand out after studying the growth patterns and challenges in a wide range of developed and developing countries for the past 15 years.
US Department of Justice
Featured

The DOJ Should Keep Its Hands Off The AT&T Acquisition Of Time Warner

by Richard A. Epsteinvia The Federalist Society
Tuesday, November 21, 2017

The antitrust world is abuzz with the surprising decision of the Department of Justice to file a complaint in federal District Court to block the proposed $85 billion deal in which AT&T would acquire Time Warner. The deal is a vertical merger because the two companies work in different parts of the media cycle. AT&T is a transmission company that does not create its own content.

Analysis and Commentary

The Libertarian: AT&T, Time Warner, And Antitrust

interview with Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, November 21, 2017

Should the Justice Department block a merger between media giants?

Analysis and Commentary

The Beginning Of The End Of Angela Merkel

by Josef Joffevia Politico
Tuesday, November 21, 2017

For all her Teflon-like invulnerability, the talks’ collapse leaves the chancellor gravely wounded.

Analysis and Commentary

The Destiny Of Cities: Throughout History, Forces Both Natural And Human Have Made Cities Rise And Fall

by Victor Davis Hansonvia Jewish World Review
Tuesday, November 21, 2017

As the world steadily grows more urbanized, with 50 percent of its population no longer rural, it is more important than ever to ask how cities either perish or manage to survive. The question can be hard to answer. 

Featured

Patent Respect

by Richard A. Epsteinvia Defining Ideas
Monday, November 20, 2017

The Supreme Court has a chance to reaffirm the fundamental principle of separation of powers.

Interviews

Hoover Institution Fellow Russ Roberts On Adam Smith And Libertarian Economics (Part One)

interview with Russell Robertsvia The Partially Examined Life
Monday, November 20, 2017

Hoover Institution fellow Russ Roberts talks about our episode 174 on The Wealth of Nations, and explores with us the idea of emergent economic order. As preparation, we all listened to a June 2017 episode of EconTalk that featured Russ, Mike Munger, and Don Boudreaux, so you should too! For a graphic introduction to this idea, see wonderfulloaf.org.

Analysis and Commentary

When Good Intentions Bang Heads With Unintended Consequences

by Henry I. Millervia Newsweek
Monday, November 20, 2017

With phrases like “Better safe than sorry” and “Look before you leap,” it’s clear that concerns about risk are a part of our vernacular – and our psyche. Unfortunately, when we take those clichés to heart, we often end up plagued by another one, “Out of the frying pan and into the fire.”

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The opinions expressed in the Hoover Daily Report are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.