If one had to pinpoint the birth of globalization, a good bet would be Aug. 15, 1971, when President Richard Nixon dropped the U.S. dollar's convertibility to gold...
The Hoover Institution hosted the Board of Overseers’ Summer Meeting on July 12–14, 2011.
On Tuesday evening, Hoover fellows discussed topics relating to defense, global issues, entitlements, and the state of the economy. Victor Davis Hanson and Bruce Thornton’s speech was titled “America Abroad: Appeasement or Deterrence?” David Brady and John Cogan’s presentation was titled “Entitlements, Debt and Electoral Politics: How Did We Get Where We Are–and Where Do We Go from Here?” In their speech titled “The Road Ahead for the Fed: Two Years Later,” John Taylor and Kevin Warsh discussed the state of the economy today.
Mark Steyn nails it (HT: Gary Schiff) in a piece on Greece and the path we’re on in the US. My favorite part: We hard-hearted, small-government guys are often damned as selfish types who care nothing for the general welfare. . . .
These are exciting though scary revolutionary times, akin to the constant acrimony in the fourth-century BC polis, mid-nineteenth century revolutionary Europe, or — perhaps in a geriatric replay — the 1960s. . . .
The roots of conservatism go back to philosophers of the 17 and 18th centuries, such as John Locke, David Hume, and Adam Smith...
A crude attempt to “realign” China’s currency would do more harm than good. By Charles Wolf Jr.
A few countries have found a way to stop graft and foster political stability: hire foreigners to collect their revenue. By Kris James Mitchener and Noel Maurer.
Politicians on both sides get way too much mileage out of rising gas prices. By Richard A. Epstein.
. . . May be paved with good intentions, but Greece has run into a ditch. California, unfortunately, seems to be close behind. By Victor Davis Hanson.
Analyzing the global financial crisis and its aftermath in the United States and the United Kingdom with Kevin Warsh and George Osborne.
America can decide to be itself again: free, fair, and thriving. By Victor Davis Hanson.
The Fed is too big and powerful to remain so unaccountable. By John H. Cochrane.
Ottawa quietly slashed federal debt, cut spending, and returned to budget surpluses. How? Not by reading Keynes. By David R. Henderson.
The Nobel economist says the health-care bill will cause serious damage, but that the American people can be trusted to vote for limited government in November. . . .
Newly released volumes of the Chiang Kai-shek diaries illuminate a pivotal moment: the generalissimo’s turning away from a command economy. By Tai-chun Kuo.
In most of Latin America, living standards are rising and stability is growing—no thanks to populist rhetoric. By Stephen H. Haber.