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Why a Crash Wouldn't Cripple the Economy

by Gary S. Beckervia Hoover Digest
Thursday, October 30, 1997

Now that human capital has become the most important form of wealth in America, even a very serious stock market correction would have only a relatively minor effect on employment, output, and wages. Alan Greenspan, lighten up. By Nobel Prize–winner and Hoover fellow Gary S. Becker.

State Department Goes Green

by Henry I. Millervia Hoover Digest
Thursday, October 30, 1997

American soldiers being sent overseas to combat . . . noxious emissions? According to a new State Department document, the notion isn't as far fetched as it sounds. Hoover fellow Henry I. Miller, M.D., examines the latest wrinkle in the administration's foreign policy.

Judge Robert P. Patterson

The Man Who Mobilized America

by Keith Eilervia Hoover Digest
Thursday, October 30, 1997

At the outbreak of World War II, the United States found itself with a weak, outmoded military and a civilian population utterly unprepared for the shock of total war. Serving as undersecretary of war, Judge Robert P. Patterson mobilized the nation. An appreciation by Keith E. Eiler.

Lead or Move Over

by William Ratliffvia Hoover Digest
Thursday, October 30, 1997

Hoover fellow William Ratliff argues that President Clinton's interest in Latin America has proved wayward at best. If the president were serious about the region, here's what he would do.

Ronald Reagan in Berlin

Tearing Down That Wall

by Peter M. Robinsonvia Hoover Digest
Thursday, October 30, 1997

In 1987, President Reagan stood before the Berlin Wall and addressed a challenge to the general secretary of the Soviet Union: "Mr. Gorbachev, tear down this Wall!" Ten years later, Hoover fellow Peter Robinson, who drafted the historic address, tells how the speech came about.

How Congress Can Rein in the Courts

by Edwin Meese IIIvia Hoover Digest
Thursday, October 30, 1997

Judges have assumed vast powers the founders never intended. The solution? Congress should assert a few powers the founders did intend. An analysis by Hoover fellow and former Attorney General of the United States Edwin L. Meese III.

Stanford Students, Meet the Hoover Archives

by Elena Danielsonvia Hoover Digest
Thursday, October 30, 1997

The Hoover Institution recently presented an exhibit with a twist. The exhibit: A selection of British posters from Hoover's world-famous poster collection. The twist: The exhibit was curated by Stanford undergraduates. Archivist Elena S. Danielson explains.

The Marshall Plan

by Peter J. Duignan, Lewis H. Gannvia Hoover Digest
Thursday, October 30, 1997

An essay by Hoover fellows Peter Duignan and the late Lewis H. Gann on the fiftieth anniversary of "the greatest voluntary transfer of resources from one country to another."

Kenneth Arrow

Rich Man, Poor Man

by Kenneth Arrow, Kenneth L. Judd, Peter M. Robinsonvia Hoover Digest
Thursday, October 30, 1997

The difference between the income of rich and poor in the United States is growing--and growing dramatically. In talking recently with Hoover fellow Peter Robinson, two experts, Stanford professor and Nobel Prize–winner Kenneth Arrow and Hoover fellow Kenneth L. Judd, agreed about the reasons but disagreed about whether anything should--or could--be done.

Keeping Savers from Saving

Keeping Savers from Saving

by David A. Wise, John Shovenvia Hoover Digest
Thursday, October 30, 1997

Beginning in the 1980s, the government began introducing individual retirement accounts and 401(k) programs--widely heralded moves. Since then, in widely unheralded moves, the government has imposed new, all but confiscatory taxes on the saving these programs have encouraged. An analysis by Stanford dean John B. Shoven and Hoover fellow David A. Wise.