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  1. Analysis and Commentary
    A Capital Fed Ruling
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    A Capital Fed Ruling

    The Fed just released it's latest missive to the big banks, and the answer is capital, lots more capital. Three cheers for the Fed.

    July 21, 2015 by John H. Cochrane via Grumpy Economist via Hoover Daily Report
    Obama’s Disastrous Iran Deal
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    Obama’s Disastrous Iran Deal

    It will increase the risk of war and terrorism in the Middle East. 

    July 20, 2015 by Richard A. Epstein via undefined via Defining Ideas
    A Historic Catastrophe
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    A Historic Catastrophe

    Distinguished scientist Freeman Dyson has called the 1433 decision of the emperor of China to discontinue his country's exploration of the outside world the "worst political blunder in the history of civilization."

    July 20, 2015 by Thomas Sowell via Creators Syndicate via Hoover Daily Report
    The Merits Of Cochrane's Case
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    The Merits Of Cochrane's Case

    I posted this last weekend about an important history of thought mistake in a recent John Cochrane post. Although I said that his post was "otherwise excellent," I didn't elaborate. Now I do.

    July 20, 2015 by David R. Henderson via EconLog via Hoover Daily Report
    Obama And Trump: Two Of A Kind
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    Obama And Trump: Two Of A Kind

    President Obama is said to feel liberated, in the sense that he can finally say what, and do as, he pleases — without much worry any more over political ramifications, including presidential and congressional elections.

    July 20, 2015 by Victor Davis Hanson via National Review via Hoover Daily Report
    California’s Up-and-Down Revenue Stream: Is State Tax Reform, Up, Down…or Out?
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    California’s Up-and-Down Revenue Stream: Is State Tax Reform, Up, Down…or Out?

    California may be parched and arid, thanks to a historic drought.  Meanwhile, Sacramento is awash with money – about $6.7 billion more than government bean counters were counting on as recently as January.

    July 20, 2015 by Bill Whalen via undefined via Eureka
    More Sanctions Wouldn’t Have Stopped Iran
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    More Sanctions Wouldn’t Have Stopped Iran

    Critics of President Obama’s recent deal with Iran have rejected the president’s assertion that the only alternative to his deal is war. They think that more aggressive sanctions could have changed Iran’s behavior, given the economic costs the current sanction regime has inflicted.

    July 21, 2015 by Bruce Thornton via Front Page Magazine Online via Hoover Daily Report
    The New York Times Gets It Wrong About Genetic Engineering
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    The New York Times Gets It Wrong About Genetic Engineering

    It’s not unusual for a person with expertise in one discipline to get into trouble when he expresses opinions in another. An example is William Shockley, a Nobel laureate in physics for his research on semiconductors, blundering into advocacy for racial eugenics.

    July 21, 2015 by Henry I. Miller via National Review via Hoover Daily Report
    Here's What Else The Pope And California's Governor Can Discuss
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    Here's What Else The Pope And California's Governor Can Discuss

    California Gov. Jerry Brown has ventured from Sacramento to Vatican City this week, to huddle with other concerned American politicians over climate change – a concern shared by Pope Francis (meeting the Pope is every Catholic politician’s dream – just ask John Boehner and Nancy Pelosi, who’ll be on hand when His Holiness addresses a joint meeting of Congress in late September).

    July 20, 2015 by Bill Whalen via Forbes via Hoover Daily Report
    Interviews
    The Eureka Podcast: “Tax Reform in California”
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    The Eureka Podcast: “Tax Reform in California”

    How a volatile, progressive tax regime is impairing California’s economy.

    July 20, 2015 interview with Carson Bruno, Bill Whalen via undefined via Eureka
    In the News
    Greece Is In A Deflationary Spiral According To Online Prices
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    Greece Is In A Deflationary Spiral According To Online Prices

    As Greek banks re-open today after a 3-week closure and as the European state works toward reaching a new deal with creditors, it’s still unclear what the full effect of the run on Greek banks has been on the macroeconomy in both Greece and the rest of Europe.

    July 20, 2015 mentioning John H. Cochrane via Forbes via Hoover Daily Report
    Future Of Iran Deal Rests In Hands Of US Congress, Experts Say
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    Future Of Iran Deal Rests In Hands Of US Congress, Experts Say

    Last week, after roughly two years of negotiations, the U.N. Security Council adopted a landmark agreement to curb Iran’s nuclear program.

    July 21, 2015 quoting Kori Schake via NBC Bay Area News via Hoover Daily Report
    Why Does Iran Even Have A Nuclear Program In The First Place?
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    Why Does Iran Even Have A Nuclear Program In The First Place?

    Iran has had a nuclear program since the country restarted it in the 1980s, has been under economic sanctions for it since the 1990s, faced the threat of war over it in the 2000s, and now has come through 20 grueling months of negotiations just to keep part of the program in place.

    July 21, 2015 quoting Abbas Milani via Vox via Hoover Daily Report
    Why Is Ted Cruz Still Playing The Trump Card?
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    Why Is Ted Cruz Still Playing The Trump Card?

    Ted Cruz is still playing the Trump card, but it might be time for a new hand.

    July 20, 2015 quoting Bill Whalen via MSNBC via Hoover Daily Report
    The Worldview 100
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    The Worldview 100

    The visionaries who continue to reshape biotechnology—and the world.

    July 21, 2015 mentioning Henry I. Miller via Scientific American via Hoover Daily Report
    Why Sachin, Dravid And Sourav Must Break Their Silence On IPL Verdict
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    Why Sachin, Dravid And Sourav Must Break Their Silence On IPL Verdict

    In order to reform the BCCI and its money-spinning progeny IPL, the nexus between cricket and politics must end.

    July 20, 2015 quoting Tunku Varadarajan via DailyO via Hoover Daily Report
    The Bank Could – And Should – Have Raised UK Interest Rates Much Sooner
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    The Bank Could – And Should – Have Raised UK Interest Rates Much Sooner

    Heartening as it was to hear the governor of the Bank of England, Mark Carney, dropping hints last week about the raising of Bank Rate, serious doubts remain over the effectiveness of the low interest rate regime in reviving the economy. Moreover, the impression continues to be given that the delay in raising rates carries no cost.

    July 21, 2015 quoting John H. Cochrane via City A.M. (U.K.) via Hoover Daily Report
  1. A Capital Fed Ruling
  2. The Bank Could – And Should – Have Raised UK Interest Rates Much Sooner
  3. Future Of Iran Deal Rests In Hands Of US Congress, Experts Say
  4. The Worldview 100
  5. Why Does Iran Even Have A Nuclear Program In The First Place?
  6. The New York Times Gets It Wrong About Genetic Engineering
  7. More Sanctions Wouldn’t Have Stopped Iran
  8. California’s Up-and-Down Revenue Stream: Is State Tax Reform, Up, Down…or Out?
  9. Obama And Trump: Two Of A Kind
  10. A Historic Catastrophe
  11. The Merits Of Cochrane's Case
  12. The Eureka Podcast: “Tax Reform in California”
  13. Obama’s Disastrous Iran Deal
  14. Why Sachin, Dravid And Sourav Must Break Their Silence On IPL Verdict
  15. Greece Is In A Deflationary Spiral According To Online Prices
  16. Here's What Else The Pope And California's Governor Can Discuss
  17. Why Is Ted Cruz Still Playing The Trump Card?
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