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This week the Monetary Policy Subcommittee of the House Financial Services Committee held a hearing on “Unconventional Monetary Policy.” Charles Plosser, Mickey Levy, Simon Johnson and I testified.
December 9, 2016 via Economics One via Hoover Daily Report
Free trade is on the run. The president-elect of the United States calls the free market the “dumb market.” He wants to renegotiate past trade deals. The death spiral of manufacturing jobs makes people wonder if trade with China was really such a good idea. Some economists claim to have found evidence that increased trade with China causes an increase in suicide.
December 12, 2016 via Medium via Hoover Daily Report
The idea of a “constitutional conservatism” is back in the news. It came into vogue on the right in response to the pursuit by President Obama—after his victory in the 2008 presidential election and the Democrats’ sweep of both houses of Congress—of ambitious progressive policies.
December 11, 2016 via Real Clear Politics via Hoover Daily Report
President-elect Donald Trump won the 2016 presidential election and will be the next president of the United States. As I have written before in these pages, the rules of the game for choosing our presidents need to be changed, but that discussion concerns future elections, not this past one. A win is a win.
December 10, 2016 via The Washington Post via Hoover Daily Report
Because of stifling federal regulations, they had no chance to benefit from it.
December 12, 2016 via National Review via Hoover Daily Report
On Sunday, December 4, 2016, the Obama administration carried out its latest step to derail the Dakota Access Pipeline, a joint venture between Energy Transfer Partners and Sunoco Logistics Partners, when the Department of the Army announced that “it will not approve an easement that would allow the proposed Dakota Access Pipeline (DAPL) to cross under Lake Oahe in North Dakota.”
December 9, 2016 via Forbes via Hoover Daily Report
There is a fascinating and depressing positive correlation between the reputation of an American president and the number of people dying in wars while that president is in office. Political scientist Bruce Bueno de Mesquita of NYU and co-author of The Spoils of War talks with EconTalk host Russ Roberts about how presidents go to war.
December 11, 2016 via EconTalk via Hoover Daily Report
Insofar as Donald Trump paid any attention to primary-secondary education during his campaign, he mostly touted school choice and promised, if elected, to mount a $20 billion federal program to enable low-income kids to attend private or charter schools.
December 9, 2016 via Flypaper (Fordham Education Blog) via Hoover Daily Report
"President-elect Donald Trump owns a helicopter in Scotland. To be more precise, he has a revocable trust that owns 99% of a Delaware limited liability company that owns 99% of another Delaware LLC that owns a Scottish limited company that owns another Scottish company that owns the 26-year-old Sikorsky S-76B helicopter, emblazoned with a red “TRUMP” on the side of its fuselage." So write Jean Eaglesham, Mark Maremont, and Lisa Schwartz in the Wall Street Journal.
December 9, 2016 via Grumpy Economist via Hoover Daily Report
The campaign against ISIS is making significant progress. The end is in sight for the Islamic State. But its demise will not necessarily produce a lasting victory over terrorism. Unless the U.S. takes the lead in stabilizing Iraq and Syria, the territory that ISIS loses may simply be taken by other extremist groups, both Shiite and Sunni. To prevent continued violence and instability, the U.S. should push to oust Bashar Assad in Syria and to recognize the rights of Sunnis in Iraq. Otherwise we may well see ISIS 2.0 emerging out of the ruins of the Islamic State.
December 8, 2016 via undefined via Hoover Institution Press
[Subscription Required] The case against U.S. retreat.
December 12, 2016 via Foreign Affairs via Hoover Daily Report
Last May, the US National Academy of Sciences (NAS) released its eleventh report since 1986 examining the safety and related policy issues of crops improved through biotechnology, commonly (if incorrectly) known as 'GMOs' (genetically modified organisms).
December 7, 2016 via Nature via Hoover Daily Report
After Hillary Clinton dropped in on the nation’s capital the other day to say a few kind words on behalf of Harry Reid, the exiting Senate Minority Leader, two things stood out.
December 10, 2016 via Forbes via Hoover Daily Report
The tempest over whether Russian state hackers were behind the WikiLeaks release of Democratic Party emails is really a battle for the narrative of the 2016 Presidential election.
December 11, 2016 via Forbes via Hoover Daily Report
Oklahoma attorney general has shown that he takes the Constitution seriously.
December 11, 2016 via USA Today via Hoover Daily Report
It’s overly optimistic to assume the kingdom can grow easily into a post-oil giant in the Middle East.
December 8, 2016 via The Washington Times via Hoover Daily Report
The research on “what matters” when it comes to a child’s academic success has been clear for decades: more than anything else that a school can control, the classroom teacher matters most.
December 12, 2016 via Flypaper (Fordham Education Blog) via Hoover Daily Report
Barbra Streisand and Lena Dunham may be some of the higher profile Trumpfugees leaving the country and heading to Justin Trudeau’s Canada. What is less certain is if a President Donald Trump will make Ottawa his first foreign port of call – a long-standing presidential and foreign policy tradition.
December 9, 2016 via Sacramento Bee via Hoover Daily Report
A draft of a new paper is up on my webpage, "Michelson-Morley, Occam and Fisher: The Radical Implications of Stable Inflation at Near-Zero Interest Rates." This combines some talks I had given with the first title, and a much improved version of "does raising interest rates raise or lower inflation?"
December 12, 2016 via Grumpy Economist via Hoover Daily Report
As someone who has, to put it mildly, not been a fan of Donald Trump, I've been pleasantly surprised by many of his picks for cabinet positions. Looking at them, I conclude, at least for the present, that they are on average better than Ronald Reagan's picks.
December 11, 2016 via EconLog via Hoover Daily Report
The aggregate sequence of events over the last few days involving Donald Trump, the intelligence community, the Russian Federation, and the still-unannounced naming of Exxon Mobile’s Rex Tillerson as our next Secretary of State is both odd and disturbing.
December 12, 2016 via Lawfare via Hoover Daily Report
Hoover Institution fellow Victor Davis Hanson discusses issues that President-elect Trump should address early in his presidency.
December 9, 2016 via Garrison (WIBC) via Hoover Daily Report
Hoover Institution fellow Niall Ferguson discusses what a Trump presidency is going to mean for the US, the world, and perhaps most importantly the future of globalization.
December 12, 2016 via NBR Radio via Hoover Daily Report
Trump administration’s arrival could lead to a fresh relationship with Moscow, analysts say.
December 8, 2016 via Harvard Gazette via Hoover Daily Report
The David Horowitz Freedom Center held its annual Restoration Weekend at the Breakers Resort in Palm Beach in the immediate aftermath of the election last month. Victor Davis Hanson was one of the featured speakers.
December 10, 2016 via Powerline via Hoover Daily Report
As mail-in and absentee voter ballots continue to trickle in and the country braces for President-elect Donald Trump to step into power, Hillary Clinton quietly marked a milestone.
December 11, 2016 via BBC News via Hoover Daily Report
Russia's alleged interference in the U.S. election was to get revenge against former Secretary of State Hillary Clinton, former U.S. Ambassador to Russia Michael McFaul said Sunday.
December 11, 2016 via Washington Examiner via Hoover Daily Report
Commerce Secretary Penny Pritzker threw her voice Tuesday behind efforts to ensure a slate of cybersecurity proposals released this month lasts beyond the end of the Obama administration.
December 6, 2016 via Nextgov via Hoover Daily Report
While working for The Washington Post in Los Angeles in 1982, I stumbled upon a math teacher named Jaime Escalante. He was helping large numbers of low-income Hispanic students master calculus and pass the Advanced Placement exam.
December 11, 2016 via The Washington Post via Hoover Daily Report
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