Some worry that school vouchers amount to a risky new experiment. They ought to consider Vermont’s St. Johnsbury Academy. Its voucher program has worked just fine . . . for more than 100 years. By Hoover media fellow Amity Shlaes.
Plant, equipment, inventory—traditional accounting methods can cope with these. But intellectual capital? That poses a problem. Michael S. Malone explains the need for accounting techniques as new as the information age itself.
When the Pilgrims landed in 1620, they established a system of communal property. Within three years they had scrapped it, instituting private property instead. Hoover media fellow Tom Bethell tells the story.
Since minorities can’t rely on the market to provide jobs and safe neighborhoods, the 1968 Kerner Report suggested, they need something like socialism instead. In the thirty years since, Latino immigrants have proved otherwise. By Hoover media fellow Michael Barone.
Economists used to believe that economic growth arose from sudden, dramatic breakthroughs—the steam engine in the eighteenth century, the transistor in our own. Yet according to Hoover fellow Paul M. Romer, “this account gets things exactly backward.” The founder of New Growth Theory explains himself.
Who would have thought that American bureaucrats could learn about efficiency from . . . European bureaucrats? Hoover fellow Henry I. Miller explains why the Food and Drug Administration should imitate its counterpart in London.
The FBI and the Department of Justice are proposing tight controls on the production and sale of encryption software. Hoover fellow Joseph D. McNamara argues that the proposals would allow unprecedented government intrusion into our lives, weaken the economy—and actually increase crime.
Not long ago, Nobel laureate and Hoover fellow Gary S. Becker visited two former Soviet states. Georgia, where free market reforms have been instituted, is doing very well. Uzbekistan is another story.
With polls showing that the British public still harbors reservations about membership in the European Union, Hoover fellow Arnold Beichman makes a suggestion. Why doesn’t Britain simply drop out of the European Union, joining the North American Free Trade Agreement instead?
As the European Central Bank begins making decisions, Hoover fellow John B. Taylor asserts, “a clear guideline, or policy rule, would go a long way toward . . . increasing economic stability throughout the globe.” Taylor modestly suggests . . . the Taylor Rule.
When the Russians invaded the tiny province of Chechnya in 1994, they expected to achieve a swift victory. Instead they found themselves fought to a bloody stalemate. Hoover fellow John B. Dunlop on the way ignorance and arrogance led to a tragic miscalculation.
Three former secretaries of state, including Hoover fellow George P. Shultz, recently called for a commission to rethink American policy toward Cuba. Hoover fellow William Ratliff greets the idea with three cheers—and a first order of business: lifting the embargo.
Nobel laureate and Hoover fellow Milton Friedman evaluates Alan Greenspan’s job performance, analyzes the role of the International Monetary Fund in the Asian financial meltdown, and explains how to fix Social Security—all in less than three thousand words.
The Hoover Archives has recently acquired important new materials that document both the history of communism and the difficult transitions to democracy that took place in Russia, Latin America, and elsewhere once the Cold War was finally over. Hoover deputy director Charles Palm reports.
A founder of the Communist Party of the United States, Jay Lovestone broke with the Soviets—he opposed Stalin to his face—then broke with Marxism itself. Joining the American labor movement, working closely with the CIA, he fought communism for the rest of his life. Hoover archivist Elena Danielson describes Lovestone and his papers.