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.
Classical liberals and libertarians, especially those who admire the works of the famous legal theorists and economist F.A. Hayek, are fond of pointing out that a free society requires the rule of law...
The White House is trying to argue that the bailout isn't so bad, it might not really cost $700 billion because some of the assets will appreciate in value...
Robert Samuelson does a nice job explaining why living standards are rising even though we sometimes hear otherwise:...
Robert Samuelson points out wisely that the measured poverty rate is a misleading measure of economic progress when there is immigration (a common theme here at the Cafe)...
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. . . .
As the stock market waited anxiously through the Federal Reserve’s Jackson Hole Summit this weekend for clues to future monetary actions, another conference was held just miles away.
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.
A comprehensive book by Hoover senior fellow Alvin Rabushka shows how newborn America found its financial footing.
Want to boost growth and reduce inequality? Focus on education. By George P. Shultz and Eric A. Hanushek.
A recession is a terrible time to make major changes in the economic rules of the game. . . .
This century ends, as it began, with extraordinary ferment about the soundness of our constitutional structures. In a series of recent decisions, the Supreme Court has appeared to revive doctrines of federalism and carve out spheres of autonomy for the states. In Congress, each house gave majority support to serious constitutional amendments setting term limits, requiring balanced budgets, and limiting tax increases. In fact, the Balanced Budget Amendment came within one vote of being sent to the states for ratification. Congress has also passed rules to restructure the federal legislative process. In an attempt to promote accountability and protect the autonomy of the states, both houses have required separate votes on unfunded mandates. The House of Representatives has passed a rule requiring a three-fifths majority to raise income tax rates.
What do black Americans need in order to get ahead? A truly free market. By Walter E. Williams.
America’s founders paid off the states’ debts once—but only once. That wise example could benefit Europe today. By Thomas J. Sargent.
This clash of candidates is not about policies but about visions—and conservatives see more clearly. By Bruce S. Thornton.
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.
Revisiting the founding father to whom a national debt, properly funded, represented “a national blessing.” By Michael W. McConnell.
At a crucial moment, the Roberts court blinked, setting back both the Constitution and any dreams of limited federal power. By John Yoo.
James Kirchick on Let Them In: The Case for Open Borders by Jason Riley