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Editor's note: With the Journal's 125th anniversary coming at a time of slow U.S. growth and reduced expectations, we asked some Journal contributors to answer this question: If you could propose one change in American policy, society or culture to revive prosperity and self-confidence, what would it be and why? Their replies are below.
July 8, 2014 via Wall Street Journal via Hoover Daily Report
A lot of research and experience shows that more predictable rules-based monetary policy leads to better economic performance—both in terms of price stability and steadier-stronger employment and output growth. But in practice there have been big swings in Fed policy between rules and discretion, with damaging results as in the 1970s and the past decade of a financial crisis, great recession and slow recovery.
July 7, 2014 via Economics One via Hoover Daily Report
Back in the heyday of the British Empire, a man from one of the colonies addressed a London audience."Please do not do any more good in my country," he said. "We have suffered too much already from all the good that you have done."
July 8, 2014 via Creators Syndicate via Hoover Daily Report
A government contractor steals tens of thousands of highly-sensitive communications intercepts. The communications have national security implications, yes, but put that aside for now. They also involve the most intimate details of the lives of thousands of people: their love letters, their pictures of their kids, their pictures of themselves in lingerie, records reflecting their domestic and professional struggles.
July 8, 2014 via Lawfare via Hoover Daily Report
Often, crazy things seem normal for a time because logical catastrophes do not immediately follow.
July 8, 2014 via National Review Online via Hoover Daily Report
Sometimes a speech is just a speech. And sometimes it furnishes a window on a politician’s temperament and provides clarifying insight into how he understands political opponents, his office, and fellow citizens.
July 8, 2014 via Real Clear Politics via Hoover Daily Report
Hillary Clinton’s gaffes during a tour to promote her new book have drawn much attention, but her biggest weaknesses have little to do with her poor choice of words. Rather, they involve what Clinton likely expected to be the core of her political strength: her record as secretary of state.
July 8, 2014 via National Review Online via Hoover Daily Report
The Supreme Court’s conservative majority should have been more principled in its defense of religious liberty.
July 7, 2014 via undefined via Defining Ideas
The new White House report on Medicaid expansion, “Missed Opportunities,” argues that states that decline to expand Medicaid through the Affordable Care Act are sacrificing important benefits.
July 8, 2014 via e21, Economic Policies for the 21st Century via Hoover Daily Report
Over the weekend, former Assembly Speaker and Democratic candidate for State Controller, John Perez, officially called for a selective recount of 15 counties in the ever-so-close race for 2nd place in the State Controller primary.
July 7, 2014 via undefined via Eureka
The House Financial Services Committee's Republican majority is prepared to celebrate the Federal Reserve Board's 100th birthday with a political spanking of sorts, as the panel discusses legislation Thursday that requires the central bank to craft a monetary policy "rule" and adhere to it except under dire circumstances.
July 8, 2014 via MNI News via Hoover Daily Report
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