Proposals now in Congress call for the creation of a large reserve fund to keep the Social Security system solvent. A reserve fund? Could Congress be trusted not to spend it? Hoover fellow John F. Cogan has his doubts.
Who will govern the Golden State? Hoover media fellow Michael Barone examines the gubernatorial race between Democrat Gray Davis and Republican Dan Lungren—and concludes that on one issue, education, the returns are already in.
Despite media hoopla about a Republican revolution, little has changed in Washington since the GOP took control of Congress in 1995. Voters tend to blame politicians for the gridlock. Hoover media fellow Tom Bethell blames the system itself.
Milton and Rose D. Friedman have made a career of advocating radical changes in public policy and economic thinking. Hoover media fellow Amity Shlaes recently spoke with the Friedmans about their latest cause.
North Korea — the world’s last Stalinist dictatorship — is home to some of the harshest political prisons and labor camps in the world. Hoover fellow Larry Diamond recently met several people who escaped from the North Korean gulag.
Teetering on the verge of collapse, the Russian banking system is threatening to bring the entire Russian economy down with it. Hoover fellows Michael S. Bernstam and Alvin Rabushka argue that Russia’s banks need to be reformed, not bailed out.
The war between Russia and Chechnya has been over for more than a year, but the trouble is far from ended. Hoover fellow John B. Dunlop describes the continuing Islamic threat to Russia’s southern flank.
Milton and Rose D. Friedman recall what it was like when Milton received the Nobel Prize in 1976: The Nobel Committee was gracious enough, but the demonstrators in Stockholm were another matter. An excerpt from the Friedmans’ new memoir, Two Lucky People.
What accounts for the enormous disparities in economic, social, and political development among nations and peoples? Not race or genes—but culture. Hoover fellow Thomas Sowell reflects on the findings of his masterwork, the trilogy made up of the volumes Race and Culture, Migrations and Cultures, and Conquests and Cultures.
Fifty years ago nuclear scientists from Robert Oppenheimer to Enrico Fermi advised President Truman against developing the hydrogen bomb. Only one nuclear scientist disagreed, instead advising the president to go ahead. Hoover fellow Edward Teller looks back on his decision to break ranks.