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  1. Analysis and Commentary
    Seven Greek Economic Teasers
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    Seven Greek Economic Teasers

    Why does Greece have its own banks when Louisiana does not?

    July 4, 2015 by John H. Cochrane via Politico via Hoover Daily Report
    Greece VS Puerto Rico And What's "Systemic."
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    Greece VS Puerto Rico And What's "Systemic."

    How is a Greek default different from a Puerto Rican default? Answer: because Puerto Rico doesn't have its own banking system. It can't shut down banks. Banks in Puerto Rico are not loaded up on Puerto Rico debt, so depositors are not in danger if the state government defaults.

    July 4, 2015 by John H. Cochrane via Grumpy Economist via Hoover Daily Report
    Is The World Becoming Fed Up?
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    Is The World Becoming Fed Up?

    Faster, please: A great pushback is awakening here and abroad, but its timing, nature, and future remain mysterious.

    July 5, 2015 by Victor Davis Hanson via Works and Days via Hoover Daily Report
    Wanted: American Exceptionalism In Foreign Affairs
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    Wanted: American Exceptionalism In Foreign Affairs

    The Obama administration’s single achievement in foreign affairs policy is its wholesale retreat from American exceptionalism. We no longer believe in Pax Americana, rather, we spend more time confessing our sins, and less using our strength.

    July 1, 2015 by Richard A. Epstein via Washington Times via Hoover Daily Report
    Russia's Leaders: Thieves Versus Policemen
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    Russia's Leaders: Thieves Versus Policemen

    Yevgeniy Primakov, who has died aged 85, was briefly Russia's prime minister under President Boris Yeltsin. Primakov's early career followed a classic Soviet trajectory: a specialist and postgraduate researcher in foreign afffairs, he became a foreign correspondent, a collaborator with the KGB's foreign service, and an Academician.

    July 5, 2015 by Mark Harrison via Mark Harrison's Blog via Hoover Daily Report
    Putin’s Recipe For Power
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    Putin’s Recipe For Power

    Russian President Vladimir Putin said something in 2005 that is now commonly footnoted to explain his latest aggressions. Putin was not necessarily lamenting the collapse of Soviet Communism

    July 2, 2015 by Victor Davis Hanson via Newsweek via Hoover Daily Report
    Employee Theft
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    Employee Theft

    I was reminiscing today with a friend about jobs we had when we were in high school and college. We had both worked in a kitchen for a big restaurant--he in Philadelphia and I at a resort in Minaki, Ontario where my cottage is.

    July 5, 2015 by David R. Henderson via EconLog via Hoover Daily Report
    The Nasty Greek Outcomes That Democracy Precludes
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    The Nasty Greek Outcomes That Democracy Precludes

    Punches might be thrown. But there will not be a revolution, coup, or civil war.

    July 3, 2015 by Sir Niall Ferguson via Financial Times via Hoover Daily Report
    California’s Century-Old Initiative Process Requires A Reboot
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    California’s Century-Old Initiative Process Requires A Reboot

    Will Jerry Brown run for the White House in 2016? It seems not. Will we still be calling him “Mister President” in 2017? That depends on one political activist.

    July 2, 2015 by Bill Whalen via Sacramento Bee via Hoover Daily Report
    4 On The Floor For The Fourth
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    4 On The Floor For The Fourth

    Quietly (which seems appropriate), it’s been a good year for Calvin Coolidge. America’s 30th President is this year’s choice as the White House Historical Association’s annual Christmas ornament.

    July 2, 2015 by Bill Whalen via A Day At The Races via Hoover Daily Report
    Fracking: The Upside Of Concentrated Beneficiaries
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    Fracking: The Upside Of Concentrated Beneficiaries

    When explaining why various subsidy programs, tariffs, import quotas, and domestic restrictions on entry into various industries and occupations exist, public choice economists lean heavily on the concentrated benefits/dispersed costs paradigm.

    July 4, 2015 by David R. Henderson via EconLog via Hoover Daily Report
    The Classicist With Victor Davis Hanson: “Understanding The Greek Mind”
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    The Classicist With Victor Davis Hanson: “Understanding The Greek Mind”

    The cultural, political, and economic dynamics that pushed Greece to the edge of a crisis.

    July 3, 2015 interview with Victor Davis Hanson via undefined via The Classicist
    Carter And Obama: How To Fail At Foreign Policy
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    Carter And Obama: How To Fail At Foreign Policy

    Who will win the title of worst foreign policy president?

    July 5, 2015 by Bruce Thornton via Front Page Magazine Online via Hoover Daily Report
    McArdle On Foreign Intervention And Blowback
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    McArdle On Foreign Intervention And Blowback

    About two weeks ago, I challenged the following brief statement by Arnold Kling: "We can also find this normative analysis among libertarians. Blaming terrorism on blowback for foreign intervention."

    July 2, 2015 by David R. Henderson via EconLog via Hoover Daily Report
    EU Calls Greece's Bluff, Is Athens Going To Fold?
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    EU Calls Greece's Bluff, Is Athens Going To Fold?

    The lead editorial in today’s Wall Street Journal praised Europe for finally calling Greece’s bluff, noting that European bond markets have largely shrugged off Greece’s nonpayment of its International Monetary Fund (IMF) loan. Europe appears convinced that a Greek departure from the Euro will be manageable.

    July 2, 2015 by Paul R. Gregory via Forbes via Hoover Daily Report
    Greg Mankiw Makes A Case (Kind Of) For A Competitor's Textbook
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    Greg Mankiw Makes A Case (Kind Of) For A Competitor's Textbook

    HINT: The textbook is The Economic Way of Thinking by Heyne, Boettke, and Prychitko.

    July 2, 2015 by David R. Henderson via EconLog via Hoover Daily Report
    The Only Good News About The Fed's Stealing $75,000 In Cash
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    The Only Good News About The Fed's Stealing $75,000 In Cash

    On Tuesday, Lisa Farbstein, an employee of the Transportation Security Administration, tweeted a photo of a bag containing $75,000 in cash.

    July 2, 2015 by David R. Henderson via EconLog via Hoover Daily Report
    When Bureaucrats Get Away With Murder
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    When Bureaucrats Get Away With Murder

    Regulations may be well intentioned, but their costs can be devastating and even life-threatening.

    July 1, 2015 by Henry I. Miller via undefined via Defining Ideas
    Filling Greece’s ATMs With Promises
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    Filling Greece’s ATMs With Promises

    Greece faces one of the most difficult decisions in its modern history today as it heads to the ballot box to vote in a referendum few voters truly understand. Regardless of which way the vote goes, the country will be voting on an assuredly painful future.

    July 3, 2015 by Markos Kounalakis via Sacramento Bee via Hoover Daily Report
    A Way Out For Greece After The "No" Vote
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    A Way Out For Greece After The "No" Vote

    The "no" vote in Athens shows that Greek voters want other Europeans to continue to pay for their unsustainable high living -- no news there. The more interesting story is that Greeks want to leave the euro by way of a public choice rather than a market shove.

    July 5, 2015 by Charles Calomiris via e21, Economic Policies for the 21st Century via Hoover Daily Report
    New Steven Spielberg Film Starring Tom Hanks Dramatizes A Story Of Espionage From Hoover Archives
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    New Steven Spielberg Film Starring Tom Hanks Dramatizes A Story Of Espionage From Hoover Archives

    In October 2015, Dreamworks Pictures will release Bridge of Spies, a cinematic thriller based on the life of James Donovan, a lawyer-turned-hostage negotiator whose archive is housed at Hoover Library & Archives. Directed by Steven Spielberg, written by Matt Charman and Joel and Ethan Coen, and starring Tom Hanks, the film tells the story of a Brooklyn-based lawyer who, during the height of the Cold War, undertook the unpopular job of defending suspected Russian spy Rudolf Abel—and then, after Abel was convicted, negotiated the KGB agent’s exchange for an American U2 pilot captured by the USSR.

    undefined via undefined via Hoover Daily Report
    Interviews
    Santelli Exchange: The Bottom Line For Jobs Featuring Ed Lazaer
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    Santelli Exchange: The Bottom Line For Jobs Featuring Ed Lazaer

    Hoover Institution fellow Ed Lazear gives his insight on the health of the June job number.

    July 2, 2015 interview with Edward Paul Lazear via CNBC via Hoover Daily Report
    Davenport: Roberts Moves From Umpiring To Batting On Healthcare
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    Davenport: Roberts Moves From Umpiring To Batting On Healthcare

    Hoover Institution fellow David Davenport discusses Chief Justice Roberts and the Affordable Care Act.

    July 6, 2015 by David Davenport via Townhall via Hoover Daily Report
    Edward Paul Lazear: Why Is 5.3% Unemployment Not What It Used To Be?
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    Edward Paul Lazear: Why Is 5.3% Unemployment Not What It Used To Be?

    Hoover Institution Senior Fellow Ed Lazear argues the unemployment rate is not a good metric of the strength of the labor market.

    July 2, 2015 interview with Edward Paul Lazear via Fox Business via Hoover Daily Report
    Samuel Tadros On The John Batchelor Show (02:15)
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    Samuel Tadros On The John Batchelor Show (02:15)

    Hoover Institution fellow Samuel Tadros discusses the stability of Egypt and the growing violence there and in the region.

    July 2, 2015 by John Batchelor interview with Samuel Tadros via John Batchelor Show via Hoover Daily Report
    In the News
    Alvin Roth On Matching Markets
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    Alvin Roth On Matching Markets

    Nobel Laureate Alvin Roth of Stanford University talks with EconTalk host Russ Roberts about his work on matching markets. Examples include marriage, matching kidney donors to kidney recipients, and students to schools in cities that allow choice in their public school systems.

    July 5, 2015 by Russ Roberts via EconTalk via Hoover Daily Report
    Watch: Condoleezza Rice Performs ‘Amazing Grace’ To Benefit Wounded Warrior Project
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    Watch: Condoleezza Rice Performs ‘Amazing Grace’ To Benefit Wounded Warrior Project

    Former Secretary of State Condoleezza Rice teamed up with world-renowned violinist Jenny Oaks Baker to perform a stirring, instrumental rendition of “Amazing Grace” in celebration of America’s 239th birthday this weekend.

    July 5, 2015 featuring Condoleezza Rice via Breitbart.com via Hoover Daily Report
    An Economist Looks In The Mirror
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    An Economist Looks In The Mirror

    Many who write about public policy publish collections of their work. When they do, far fewer rate how well they think their past work holds up. But Charles Wolf Jr. does just that in his new book, “Puzzles, Paradoxes, Controversies, and the Global Economy”.

    July 4, 2015 featuring Charles Wolf Jr. via TribLive via Hoover Daily Report
    Gerrymandering Didn’t Make Politics This Vicious. But Vicious Politics Will Soon Make Gerrymandering So Much Worse.
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    Gerrymandering Didn’t Make Politics This Vicious. But Vicious Politics Will Soon Make Gerrymandering So Much Worse.

    It is endlessly suspicious when politicians control the process by which they and their allies are elected.

    July 2, 2015 quoting Jonathan Rodden via Washington Post via Hoover Daily Report
    Has The IMF Made Mistakes In Greece?
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    Has The IMF Made Mistakes In Greece?subscription

    A provocative question is being whispered inside the International Monetary Fund's headquarters in Washington and furiously debated in international economy policy circles.

    July 3, 2015 quoting John B. Taylor via Financial Review via Hoover Daily Report
    Graduating Seniors Awarded 2015 Firestone And Golden Medals, Kennedy Thesis Prize
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    Graduating Seniors Awarded 2015 Firestone And Golden Medals, Kennedy Thesis Prize

    Graduating seniors recently received the 2015 Firestone Medal for Excellence in Undergraduate Research, the Robert M. Golden Medal for Excellence in Humanities and Creative Arts, and the David M. Kennedy Honors Thesis Prize for their undergraduate capstone projects.

    July 2, 2015 mentioning Amy Zegart via Stanford News via Hoover Daily Report
    Organizational Friction And The Team Of Teams Approach In Afghanistan
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    Organizational Friction And The Team Of Teams Approach In Afghanistan

    Kori Schake’s critique of Stan McChrystal’s recently released Team of Teams is right on track. Her suggestion that it would have been enlightening for Gen. McChrystal to have compared his experience as the leader of special operations forces in Iraq with his tenure as ISAF commander in Afghanistan raises interesting questions.

    July 3, 2015 mentioning Kori Schake via War on the Rocks via Hoover Daily Report
    ObamaCare Win Turns Up Heat On GOP Presidential Field
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    ObamaCare Win Turns Up Heat On GOP Presidential Field

    ObamaCare's victory at the Supreme Court is putting new pressure on Republican presidential candidates to map out a replacement to the healthcare law — a task that has eluded the party for more than five years.

    July 3, 2015 quoting Lanhee J. Chen via The Hill via Hoover Daily Report
    Education Experts Descend On Detroit
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    Education Experts Descend On Detroit

    If Detroit can't get its school problems solved, it won't be for lack of quality advice from national education experts.

    July 4, 2015 quoting Michael J. Petrilli via Detroit News via Hoover Daily Report
    Sen. Boxer, Nearing Retirement, ‘Focusing On The Big Ideas’
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    Sen. Boxer, Nearing Retirement, ‘Focusing On The Big Ideas’

    Sen. Barbara Boxer and fellow California Democrat George Miller and their spouses used to spend weekends together, just a pair of couples taking a break from the pressures and strains of Capitol Hill.

    July 5, 2015 quoting Bill Whalen via Capitol Alert (Sacramento Bee) via Hoover Daily Report
    The (Inadequate) Case For Economic Pessimism
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    The (Inadequate) Case For Economic Pessimism

    Is the U.S. economy stuck in an endless loop of sluggish growth and high unemployment? Many distinguished economists think so, and there is some evidence to support them.

    July 6, 2015 Timothy Kane via Bloomberg View via Hoover Daily Report
  1. Davenport: Roberts Moves From Umpiring To Batting On Healthcare
  2. The (Inadequate) Case For Economic Pessimism
  3. Russia's Leaders: Thieves Versus Policemen
  4. Alvin Roth On Matching Markets
  5. Employee Theft
  6. Is The World Becoming Fed Up?
  7. Watch: Condoleezza Rice Performs ‘Amazing Grace’ To Benefit Wounded Warrior Project
  8. A Way Out For Greece After The "No" Vote
  9. Sen. Boxer, Nearing Retirement, ‘Focusing On The Big Ideas’
  10. Carter And Obama: How To Fail At Foreign Policy
  11. Fracking: The Upside Of Concentrated Beneficiaries
  12. Education Experts Descend On Detroit
  13. An Economist Looks In The Mirror
  14. Seven Greek Economic Teasers
  15. Greece VS Puerto Rico And What's "Systemic."
  16. ObamaCare Win Turns Up Heat On GOP Presidential Field
  17. Filling Greece’s ATMs With Promises
  18. Has The IMF Made Mistakes In Greece?
  19. The Nasty Greek Outcomes That Democracy Precludes
  20. Organizational Friction And The Team Of Teams Approach In Afghanistan
  21. The Classicist With Victor Davis Hanson: “Understanding The Greek Mind”
  22. McArdle On Foreign Intervention And Blowback
  23. California’s Century-Old Initiative Process Requires A Reboot
  24. EU Calls Greece's Bluff, Is Athens Going To Fold?
  25. The Only Good News About The Fed's Stealing $75,000 In Cash
  26. Santelli Exchange: The Bottom Line For Jobs Featuring Ed Lazaer
  27. Edward Paul Lazear: Why Is 5.3% Unemployment Not What It Used To Be?
  28. Graduating Seniors Awarded 2015 Firestone And Golden Medals, Kennedy Thesis Prize
  29. Gerrymandering Didn’t Make Politics This Vicious. But Vicious Politics Will Soon Make Gerrymandering So Much Worse.
  30. Greg Mankiw Makes A Case (Kind Of) For A Competitor's Textbook
  31. 4 On The Floor For The Fourth
  32. Putin’s Recipe For Power
  33. Samuel Tadros On The John Batchelor Show (02:15)
  34. When Bureaucrats Get Away With Murder
  35. Wanted: American Exceptionalism In Foreign Affairs
  36. New Steven Spielberg Film Starring Tom Hanks Dramatizes A Story Of Espionage From Hoover Archives
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