Hoover Daily Report
Featured
Featured

A Firm Conclusion About The Role Of Fed Leading Up To The Crisis

by John B. Taylorvia Economics One
Monday, February 22, 2016

Matthew Klein recently wrote a nice piece for the Financial Times on the role of the Fed in the asset price bubble in 2003-2005 and thereby in the subsequent bust leading to the financial crisis. He begins by reviewing a fascinating speech by Tim Lane, deputy governor of the Bank of Canada. 

Featured

New Data Reveals Late Shift Away From Trump In South Carolina

by Douglas Riversvia YouGov
Saturday, February 20, 2016

As South Carolina voters head to the polls Saturday to cast ballots in the GOP presidential primary, new survey data suggests the race has shifted in the final week, with GOP frontrunner Donald Trump losing some support in the state.

David Cameron, Prime Minister of the United Kingdom
Featured

The Struggle For Mastery In Europe

by Niall Fergusonvia Boston Globe
Monday, February 22, 2016

European negotiations were once glamorous. Five centuries ago, when Henry VIII met the French king Francis I near Calais, there was so much Tudor bling that the venue became known as the Field of Cloth of Gold.

Featured

A Topsy-Turvy Presidential Race

by Bill Whalenvia Defining Ideas
Monday, February 22, 2016

Nothing makes sense and everything is possible in this election.  

Analysis and Commentary
Analysis and Commentary

Weimar America

by Victor Davis Hansonvia Works and Days
Sunday, February 21, 2016

2016 is a pivotal year in which accustomed referents of a stable West are now disappearing. We seem to be living in a chaotic age, akin to the mid-1930s, of cynicism and skepticism. Government, religion, and popular culture are corrupt and irrelevant—and the world order of the last 70 years has all but collapsed.

Analysis and Commentary

Obama’s Hope For Peace Led To Bolder Foes, Frayed Alliances

by Kori Schakevia The New York Times
Friday, February 19, 2016

President Obama came into office believing he could repair America’s standing in the world; he would restore our alliance relations while offering an open hand to our adversaries, and in doing so make the world safer. The legacy of his presidency will instead be a more dangerous international order, deeply distrustful allies and emboldened adversaries.

The Classicist with Victor Davis Hanson:
Analysis and Commentary

The Classicist, With Victor Davis Hanson: “Chaos In The Middle East”

interview with Victor Davis Hansonvia The Classicist
Friday, February 19, 2016

How three tragic mistakes set the region aflame.

Analysis and Commentary

Matt Ridley On The Evolution Of Everything

by Russell Robertsvia EconTalk
Monday, February 22, 2016

Matt Ridley talks with EconTalk host Russ Roberts about his latest book, The Evolution of Everything. Ridley applies the lens of emergent order to a wide variety of phenomena including culture, morality, religion, commerce, innovation, and consciousness.

Analysis and Commentary

Right Wing NPR

by John H. Cochrane via Grumpy Economist
Friday, February 19, 2016

I was listening to NPR this morning over coffee, and nearly spilled it. Host Steve Inskeep was interviewing Mark Surman, Mozilla founder, on the topic of Apple refusing to hand over the keys to the Iphone to the Federal Government (and anyone who might be able to hack the Federal Government.

Analysis and Commentary

Trump Big Winner, Clinton Still On Shaky Ground

by Bill Whalenvia Fox News
Sunday, February 21, 2016

How is it possible to have presidential contests in Nevada and South Carolina that are both appealing and appalling to conservatives? Let’s review Saturday’s results.

Analysis and Commentary

Some Key Issues In The Apple iPhone Decryption Matter

by John Villasenorvia Forbes
Sunday, February 21, 2016

As many people are well aware, on February 16 a U.S. magistrate issued an order compelling Apple to assist the government in bypassing the security features of an iPhone 5C used by one of the perpetrators of the December 2015 San Bernardino attack. 

Analysis and Commentary

Saudi Arabia's Uncertain Future

by Toby Matthiesenvia The Caravan
Monday, February 22, 2016

Saudi Arabia has probably done more than any other actor to repress the hopes and demands of the early Arab Spring protests. It sent troops to neighbouring Bahrain in March 2011 to quell an uprising, gave asylum to Tunisia's ousted dictator Bin Ali, underwrote the coup in Egypt in 2013, and generally propped up the old regimes and monarchies across the region.

Analysis and Commentary

A New Era In Conservative Politics: The Tea Party's Lasting Influence

by Stephen F. Hayes, James W. Ceaser, Mike Needhamvia Heritage Foundation
Friday, February 19, 2016

Less a new, independent movement than a reinvigoration of conservatism, the Tea Party has transformed American politics. It has reestablished the centrality of the U.S. Constitution in public discourse, made the federal debt a national-level question, and resurrected the necessity of holding elected officials accountable to their constituencies. 

Analysis and Commentary

Here’s How To Argue With A Brexiter – And Win

by Timothy Garton Ashvia The Guardian
Saturday, February 20, 2016

Details of a tortured Brussels deal are not crucial when the fate of both Europe and the UK is at stake.

Analysis and Commentary

Putin Favors Trump Or Sanders For President. Here's Why That Matters To You.

by Paul R. Gregoryvia The Blaze
Friday, February 19, 2016

RT’s (Russia Today, the Kremlin’s media arm to the outside world) press coverage of the U.S. presidential primaries has been uniformly favorable towards Bernie Sanders and Donald Trump, while Hillary Clinton and Marco Rubio have been the butt of negative reporting.

Jeb Bush
Analysis and Commentary

Why Jeb Bush Failed

by Alvin Rabushkavia Thoughtful Ideas
Sunday, February 21, 2016

Barack Obama won the presidential election in 2008 because American voters were weary of the war in Iraq and traumatized by the onset of the Great Recession in 2008.

Analysis and Commentary

The Trump And Bush Phenomena

by David R. Hendersonvia EconLog
Sunday, February 21, 2016

As far back as July, I thought many people who agree with me politically (in case you don't read this blog much, I'm a libertarian, not a conservative) were not taking Donald Trump as seriously as they should. I'm not saying that my responses to his bad economic thinking, had they been trumpeted (pun noticed only on rereading) widely, would have stopped him.

Analysis and Commentary

A Three-Man Race After South Carolina: What We Learned

by Jeremy Carlvia National Review
Sunday, February 21, 2016

Obviously, at a most basic level Trump was a winner here, and the decisiveness of his ten-point win shouldn’t be minimized. He is clearly the front-runner in the race right now and he looks to have won all of South Carolina’s delegates. On the other hand, it is not just attempting to paint a bright picture for the Trump alternatives to say that Trump’s results showed he is still quite beatable.

Analysis and Commentary

Why Hillary Clinton Can't Win In 2016

by Bill Whalenvia Forbes
Friday, February 19, 2016

Let’s say Hillary Clinton escapes from Nevada with a win – certainly not the guarantee it once seemed.

Analysis and Commentary

Reverse Swing: The BJP Versus The Jholawala

by Tunku Varadarajanvia Indian Express
Sunday, February 21, 2016

Some lessons from the national embarrassment that is the JNU sedition affair. Will non-Hindutva Modi voters be left in the lurch?

Analysis and Commentary

How Culture Beat Religion

by Tod Lindbergvia Wall Street Journal
Sunday, February 21, 2016

Evangelicals reject the feminist label, yet they support feminist principles like equal pay for equal work and political equality.

Analysis and Commentary

Oil Prices Are Complicated

by David R. Hendersonvia EconLog
Friday, February 19, 2016

Earlier this week I did a post on oil prices in which I failed to take account of futures markets. That's a no-no. I stated in a comment that I would likely do another post. This is it.

Analysis and Commentary

Brookings Event: "Who We Really Are: A Conversation With Syrian Refugees in America"

by Benjamin Wittesvia Lawfare
Saturday, February 20, 2016

I haven't yet watched this event, which took place yesterday at Brookings, but I hear it was extremely moving.

Analysis and Commentary

Adam Smith On Why Patents Are Preferable To Prizes

by David R. Hendersonvia EconLog
Friday, February 19, 2016

Thus the inventor of a new machine or any other invention has the exclusive privilege of making and vending that invention for the space of 14 years by the law of this country, as a reward for his ingenuity, and it is probable that this is as equal an one as could be fallen upon.

Supreme Court justice Antonin Scalia.
Analysis and Commentary

Miguel Estrada And My Thoughts On The Politics Of Replacing Justice Scalia

by Benjamin Wittesvia Lawfare
Friday, February 19, 2016

This has nothing to do with national security, but I have a feeling it will be of interest to many Lawfare readers anyway. Miguel Estrada and I have an essay out in the Washington Post on the judicial confirmation process and the politics of replacing Justice Scalia.

Analysis and Commentary

Rational Security: The "Triple Entente Beer Summit" Edition

by Benjamin Wittesvia Lawfare
Friday, February 19, 2016

If you missed the Triple Entente Beer Summit yesterday evening, more's the pity for you. Three of the podcasts hosted on LawfareRational SecurityThe Lawfare Podcast, and the Steptoe Cyberlaw Podcast—got together for an evening of national security discussion, food, alcohol, and live audience questions. 

Interviews
Interviews

Victor Davis Hanson: China And Russia - Are They As Strong As They Think?

interview with Victor Davis Hansonvia Garrison (WIBC)
Friday, February 19, 2016

Hoover Institution fellow Victor Davis Hanson discusses the threat of ISIS and the strength of China and Russia.

Richard A. Epstein
Interviews

Mining The Brilliance Of Professor Richard Epstein (2:25)

interview with Richard A. Epsteinvia Chicago's Morning Answer
Thursday, February 18, 2016

Hoover Institution fellow Richard Epstein reflects on Scalia’s intellect, style, and scholarship.

Interviews

George Shultz: In A World Awash In Change, Follow The Reagan Playbook

interview with George P. Shultzvia The Times of Israel
Sunday, February 21, 2016

Hoover Institution fellow George Shultz discusses where the world is heading and why we need decisive, clearheaded, and credible leadership.

Interviews

Russ Roberts: How Adam Smith Can Change Your Life

interview with Russell Robertsvia The Art of Charm
Monday, February 22, 2016

Hoover Institution fellow Russ Roberts discusses Adam Smith’s insights, explains them, and tells us how we can apply them to modern life.

Interviews

Tunku Varadarajan On The John Batchelor Show (19:15)

interview with Tunku Varadarajanvia John Batchelor Show
Friday, February 19, 2016

Hoover Institution fellow Tunku Varadarajan discusses his Indian Express article "Reverse swing: Racist Bangalore, racist India."

Interviews

Henry Miller On The John Batchelor Show (30:55)

interview with Henry I. Millervia The John Batchelor Show
Friday, February 19, 2016

Hoover Institution fellow Henry Miller discusses Brazil and the Zika virus and what can be done to stop the virus.

Interviews

Benjamin Wittes: Apple Challenges Court Order To 'Unlock' iPhone Of Alleged San Bernardino Shooter

interview with Benjamin Wittesvia Forum with Michael Krasny (KQED)
Friday, February 19, 2016

Benjamin Wittes discusses Apple's challenge of a court order to unlock the iPhone of the San Bernardino shooter and its implications for national security and personal privacy.

In the News
In the News

Renowned US Economist Says High Taxes Squash Greece's Prospects For Recovery

featuring John H. Cochrane via Greek Reporter
Monday, February 22, 2016

A recently released study by the Economics Department at the National Kapodistrian University of Athens revealed that Greece has the third highest taxation rate among 21 European countries. Only Sweden and Denmark have a higher tax rate, countries with highly advanced welfare states and without the fiscal problems that plague Greece.

George P. Shultz
In the News

Reagan's Secretary Of State Reminds Us Of Israel's Greatness

featuring George P. Shultzvia Haaretz
Sunday, February 21, 2016

George Shultz, who will go down in history as one of America’s great secretaries of state, spoke in Jerusalem last and served to instill pride in our great country.

In the News

Naimark Delves Into The Roles Played By The Four Horsemen In Ethnic Cleansing

featuring Norman M. Naimarkvia The Tartan
Sunday, February 21, 2016

Last Thursday, Carnegie Mellon University hosted Norman Naimark, the Robert and Florence McDonnell Professor of Eastern European Studies at Stanford University, to discuss his opinions on the definitions of war and genocide. Titled “Horses of the Apocalypse,” his lecture addressed various brutal acts of murder and explained why he believed they did or did not qualify as genocide.

In the News

Scottish Ex-Pat Niall Ferguson: Don’t Be An ‘Angloony’, Stay In EU And Defeat The Ottoman Empire

featuring Niall Fergusonvia Breitbart.com
Sunday, February 21, 2016

Scottish author and ex-pat Niall Ferguson, who left Britain’s shores for the greener pastures of Harvard University, has implored his ex-countrymen to stay in the European Union because if we leave, he says, we’ll only have to return to fix it later.

In the News

A Growth Message, Not Catfights, Will Propel The GOP

quoting John H. Cochrane via CNBC
Friday, February 19, 2016

In the week leading up to the New Hampshire primary, a few GOP candidates put forth a strong, positive, optimistic message of economic growth. Donald Trump did it, and it contributed to his landslide. John Kasich did it, and he surged to second place. 

an image
In the News

Scalia And The Supreme Court: What The Justice Would Want Now

quoting Richard A. Epsteinvia Fox News
Friday, February 19, 2016

After the tragic and untimely death of Justice Antonin Scalia, the nation has before it the question of whether to fill his seat now or only after the people have spoken in November. 

In the News

A Growth Message, Not Catfights, Will Propel Republicans To Victory

quoting John H. Cochrane via Real Clear Politics
Saturday, February 20, 2016

In the week leading up to the New Hampshire primary, a few GOP candidates put forth strong, positive, optimistic messages of economic growth. Donald Trump did it, and it contributed to his landslide. John Kasich did it, and he surged to second place. Jeb Bush put his best growth foot forward, and he nearly took third place. Others, not so much, and their numbers sagged.

In the News

Two Years After Revolution, Corruption Plagues War-Torn Ukraine

quoting Michael McFaulvia USA Today
Sunday, February 21, 2016

Two years after a pro-Western revolution provoked a conflict with Russian-backed separatists, Ukraine faces a graver threat from rampant corruption — the problem that sparked its 2014 revolt in the first place.

In the News

Apple Vs. The FBI Is Really, Really Complicated

quoting Herbert Linvia Harvard Business Review
Friday, February 19, 2016

Apple’s Tim Cook appears to be mad as hell. His open letter to customers — in which he scoffed at a court order that would compel Apple (under a 227-year-old law) to write code to help unlock a phone that’s part of a terrorist investigation — put the internet’s hot take machine into overdrive. 

middle east
In the News

Hoover Institution: Remarks By General Mattis On State Of Middle East

by Hoover Institutionvia TMCnet.com
Monday, February 22, 2016

On Tuesday, February 23, 2016 at 5:00pm ET, General James Mattis and Admiral Gary Roughead will participate in a panel discussion entitled: "2016: International Security Challenges and U.S. Readiness." The discussion, moderated by Hoover Senior Fellow Peter Berkowitz, will analyze international security challenges in the year ahead, including the Middle East and Indo-Pacific regions, and how the United States is prepared to deal with them.

In the News

No Inflation In Sight, Say Two Bond Masters

mentioning Michael Spence, Kevin Warshvia Barron's Online
Saturday, February 20, 2016

Hoisington’s bond managers doubt the global economy will rebound soon thanks to low industrial output, heavy debt, and the commodities collapse.

In the News

Under Secretary Of State Richard Stengel To Travel To Palo Alto, California

mentioning Michael McFaulvia Imperial Valley News (CA)
Friday, February 19, 2016

Under Secretary of State for Public Diplomacy and Public Affairs Richard Stengel will travel to Palo Alto, California, February 22–23, to promote the 2016 Global Entrepreneurship Summit (GES), which will take place from June 23–24 in Silicon Valley.

World Puzzle
In the News

Empowering The World: Entrepreneurship And The Future Of Foreign Policy

mentioning Michael McFaulvia Freeman Spogli Institute News
Monday, February 22, 2016

Join FSI Director Michael McFaul in conversation with Richard Stengel, Under Secretary of State for Public Diplomacy and Public Affairs. They will address the role of entrepreneurship in creating stable, prosperous societies around the world.

In the News

When The World Is Aflame

mentioning Condoleezza Rice, Michael McFaulvia Stanford OpenXChange
Monday, February 22, 2016

In these times of global turmoil, join a conversation with four international affairs experts to confront some of the most difficult issues we face today in a special OpenXChange event: "When the World is Aflame" on Tuesday, Mar. 1, at 7 pm in Cemex Auditorium.