Hoover fellow and historian Niall Ferguson on China, Trump, and Trade.
The main unifying theme of the conference is that successful policy requires that central bankers’ decisions be based on clearly-understood rules—including legal limits, institutional structures, mandates, traditions, procedures, or formulas—and not solely on discretion.
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...
I am having trouble verifying how the rules regarding capital requirements changed between 2002 and 2004 for financial institutions. . . .
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...
As the United States entered the 21st century it was trying to come to grips with a serious education crisis. The country lagged behind its international peers, and its half-century effort to erode racial disparities in student achievement had made little headway. Many people expected action from the federal government.
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 other day I sought a respite from current events by re-reading some of the writings of 18th century British statesman Edmund Burke...
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.
Several years ago I participated in a colloquium whose title was something like “Advancing Technology: Thinking Outside the Box.” The presentations ranged from the ever-more imaginative uses of robots (fascinating) to irrigating the Sahara Desert for growing crops that by mid-century could sustain the planet’s burgeoning population (unconvincing).
Drought may not be destiny, but a critical ingredient for democratic societies does seem literally to fall from the skies. By Stephen H. Haber and Victor Menaldo.
It wasn’t British force alone that secured Northern Ireland’s uneasy peace. Offering decent lives to ordinary people—jobs, houses, education, and local control—proved even more important. By Thomas H. Henriksen.
Return to first principles: limited government, markets, incentives, rule of law, and predictability.
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.
From straight lines on a map, straightforward property rights grew. By Gary D. Libecap.