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  1. Featured
    Donald Trump Vs. Adam Smith
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    Donald Trump Vs. Adam Smith

    Should We Worry About the American Trade Deficit?

    September 6, 2019 by David R. Henderson via undefined via Defining Ideas
    Boris Vs. Jo — Oh Brother
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    Boris Vs. Jo — Oh Brother

    To lose 21 members of Parliament may be regarded as a misfortune; to lose your own brother looks like carelessness. Back in 2010, British Prime Minister Boris Johnson mocked David and Ed Miliband after the latter defeated his elder brother in the Labor party’s 2010 leadership race.

    September 9, 2019 by Sir Niall Ferguson via Boston Globe via Hoover Daily Report
    Symposium: Title VII Did Not And Does Not Extend To Sexual Orientation Or Gender Identity — In 1964 Or Today
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    Symposium: Title VII Did Not And Does Not Extend To Sexual Orientation Or Gender Identity — In 1964 Or Today

    Political and legal discourse has changed much since 1964, when sex was added, almost as an afterthought, to the list of forbidden grounds of discrimination under Title VII of the Civil Rights Act of 1964. What seemed risqué in 1964 seems positively old guard in 2019. So one looming battle of the current Supreme Court term is whether Title VII covers the sexual-orientation claims raised in Bostock v. Clayton County, Georgia and the gender-identity claims raised in R.G. & G.R. Harris Funeral Homes Inc. v. EEOC. The short answer is: It doesn’t.

    September 6, 2019 by Richard A. Epstein via SCOTUS Blog via Hoover Daily Report
    The Values That Economics Cannot Measure
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    The Values That Economics Cannot Measure

    Divorced, excommunicated, 25 years old with three children, my mom never felt sorry for herself. She told me time and again during my boyhood that we should appreciate everything we had. Take nothing for granted.

    September 7, 2019 by Timothy Kane via Real Clear Politics via Hoover Daily Report
    The Monroe Doctrine And Current U.S. Foreign Policy
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    The Monroe Doctrine And Current U.S. Foreign Policy

    Strategika Issue 60 is now available online. Strategika is an online journal that analyzes ongoing issues of national security in light of conflicts of the past—the efforts of the Military History Working Group of historians, analysts, and military personnel focusing on military history and contemporary conflict.

    September 9, 2019 via undefined via Strategika
    Analysis and Commentary
    Trump Can Move Funds For Border Wall — And The Supreme Court Will Back Him
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    Trump Can Move Funds For Border Wall — And The Supreme Court Will Back Him

    The Constitution does not prevent President Trump from moving federal funds to build a wall on the southern border — and the Supreme Court will not rule otherwise.

    September 8, 2019 by John Yoo, Matthew Peterson via Fox News via Hoover Daily Report
    Daron Acemoglu On Shared Prosperity And Good Jobs
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    Daron Acemoglu On Shared Prosperity And Good Jobs

    Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.

    September 8, 2019 by Russ Roberts via EconTalk via Hoover Daily Report
    Low Bond Yields
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    Low Bond Yields

    Why are interest rates so low?Here is the 10 year bond yield, by itself and subtracting the previous year's inflation (CPI less food and energy). The 10 year yield has basically been on a downward trend since 1987.  One should subtract expected 10 year future inflation, not past inflation, and you can see the extra volatility that past inflation induces. But you can also see that real yields have fallen with the same pattern.

    September 8, 2019 by John H. Cochrane via Grumpy Economist via Hoover Daily Report
    Biden Or Bust?
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    Biden Or Bust?

    For better or worse, the Democratic establishment apparently has decided it has no choice but to embrace the former vice president. Can he be propped up and pampered for the next 14 months?

    September 8, 2019 by Victor Davis Hanson via American Greatness via Hoover Daily Report
    E Pluribus Plures
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    E Pluribus Plures

    A doctrine is a set of guiding principles shared widely by an organization or a nation. The Monroe Doctrine of 1823 stated that any effort by a European nation to take control of any North or South American country would be viewed as “the manifestation of an unfriendly disposition toward the United States.” In 1962, the Doctrine was invoked during the Cuban Missile Crisis. With the support of the Organization of American States (OAS), President Kennedy established a naval quarantine around the island.

    September 6, 2019 by Bing West via undefined via Strategika
    Review: The Ungrateful Refugee By Dina Nayeri
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    Review: The Ungrateful Refugee By Dina Nayeri

    Nayeri’s first work of non-fiction is as stunning and original as its title. Born into a wealthy family in Iran, she sought freedom in the West and confesses intensely lyrical resentments about her status as a refugee, first in a converted countryside hotel in Italy and ultimately to a frustrating childhood in Oklahoma. The opening chapter will hit you like a hammer, forcing you to rethink your outlook on the global waves of migration that grow larger every year. You’ll rethink, no matter what your current view is.

    September 7, 2019 by Timothy Kane via Medium via Hoover Daily Report
    Checking In On School Reforms In New Orleans
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    Checking In On School Reforms In New Orleans

    Doug Harris, Professor and Department Chair of Economics at Tulane University, joins Paul E. Peterson to discuss his new study, “How is New Orleans School Performance Evolving, and Why?,” co-authored with Lihan Liu, Alica Gerry, and Paula Arce-Trigatti, and how school choice and performance-based contracting have fared after 15 years.

    September 8, 2019 by Paul E. Peterson via The Education Exchange via Hoover Daily Report
    Understanding Chinese President Xi Jinping’s Motivation And Ambition
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    Understanding Chinese President Xi Jinping’s Motivation And Ambition

    Apart from a brief flirtation with democracy immediately after the fall of the Qing Dynasty in 1911 and the emergence of multi-party democracy in Taiwan in 1992, autocrats have ruled China throughout its history.

    September 9, 2019 by Alvin Rabushka via Thoughtful Ideas via Hoover Daily Report
    The “Left Behind” Kids Made Incredible Progress From The Late 1990s Until The Great Recession. Here Are Key Lessons For Ed Reform.
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    The “Left Behind” Kids Made Incredible Progress From The Late 1990s Until The Great Recession. Here Are Key Lessons For Ed Reform.

    This summer, I’ve been trying to make sense of the sizable gains made by America’s lowest-performing students and kids of color that coincided with the peak of the modern education reform movement. Today, I wrap up the series by offering some personal reflections on what we’ve learned. But first, let’s recap the facts and acknowledge the vast amount of ground yet to cover.

    September 8, 2019 by Michael J. Petrilli via EducationNext via Hoover Daily Report
    Murphy On Henderson And Carbon Taxes
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    Murphy On Henderson And Carbon Taxes

    There are several problems here. First, even if we agreed that government (as opposed to private) payments for tree-planting made sense, it doesn’t at all follow that the revenue should come from a carbon tax. In general, raising a dollar of revenue from a tax on carbon content hurts the economy more than raising a dollar from taxing labor or consumption. (My article on the “tax interaction effect” gives the economic intuition behind this point.)

    September 8, 2019 by David R. Henderson via EconLog via Hoover Daily Report
    Author On British Inheritance Misses Two Important Points
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    Author On British Inheritance Misses Two Important Points

    In a recent article titled “Is property inheritance widening the wealth gap?” author James Gordon points out that people in Britain who own houses will often leave them to their adult children and, thus, adult children of Brits with no houses will see a large gap between their wealth and those of their housing-endowed peers.

    September 7, 2019 by David R. Henderson via EconLog via Hoover Daily Report
    Interviews
    James Mattis Says Trump Should "Verify, Then Trust" In Negotiations With Taliban
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    James Mattis Says Trump Should "Verify, Then Trust" In Negotiations With Taliban

    Hoover Institution fellow Jim Mattis said he supports efforts by the Trump administration to secure a diplomatic end to the 18-year conflict with Taliban militants in Afghanistan, but cautioned against a peace agreement that doesn't prevent the country from becoming a safe haven for terrorist groups determined to harm the US.

    September 8, 2019 interview with General Jim Mattis via CBS News via Hoover Daily Report
    Kevin Hassett Says Trump’s Trade War Is Worth the Cost
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    Kevin Hassett Says Trump’s Trade War Is Worth the Cost

    Hoover Institution fellow Kevin Hassett discusses China and the US-China trade war.

    September 8, 2019 interview with Kevin Hassett via The Atlantic via Hoover Daily Report
    John Yoo: Cancel Culture Takes Aim At The Oil And Gas Industry
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    John Yoo: Cancel Culture Takes Aim At The Oil And Gas Industry

    Hoover Institution fellow John Yoo discusses fighting climate change by attacking the fossil fuel industry as well as other problems with the "cancel" culture.

    September 6, 2019 interview with John Yoo via Fox News via Hoover Daily Report
    In the News
    The Man Trump Wishes He Were
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    The Man Trump Wishes He Were

    In the first few months of his presidency, Donald Trump surrounded himself with a certain sort of ramrod military man: John Kelly, Michael Flynn, H.R. McMaster and Jim Mattis. These men had or appeared to have the kind of manly virtues and bearing that Trump likes to see in himself: courage, toughness, combativeness.

    August 29, 2019 featuring General Jim Mattis via The New York Times via Hoover Daily Report
    Mattis Calls Out Deniers Of Climate Change, Urges Them To Ensure Next Generation Isn’t ‘Caught Flat-Footed’
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    Mattis Calls Out Deniers Of Climate Change, Urges Them To Ensure Next Generation Isn’t ‘Caught Flat-Footed’

    Former Defense Department Secretary James Mattis called on those who disagree with the threat of climate change to reconsider their position to protect future generations. The former defense secretary has been making the rounds publicizing the recent release of his book, giving more insight into political views after his exit from the Trump administration early this year.

    September 6, 2019 featuring General Jim Mattis via IJR via Hoover Daily Report
    Review: Call Sign Chaos - Learning To Lead
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    Review: Call Sign Chaos - Learning To Lead

    The Marines teach you, above all, how to adapt, improvise, and overcome. But they expect you to have done your homework, to have mastered your profession...

    September 9, 2019 featuring General Jim Mattis via NBC2 via Hoover Daily Report
    Here’s How To Get Through To Red-State Americans On Climate Change
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    Here’s How To Get Through To Red-State Americans On Climate Change

    As hurricanes become more intense, flooding more common and wildfires more deadly, Americans — regardless of their party affiliation — are dying from extreme weather events and are seeing their livelihoods damaged. The searing experience of Hurricane Harvey in Texas in 2017 might not have prompted Republican politicians to fight “climate change," but perhaps they can have a rational conversation about “rising ocean levels.” 

    September 5, 2019 quoting General Jim Mattis, George P. Shultz via The Washington Post via Hoover Daily Report
    Nineteenth-Century Nihilists Foretold Our Era
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    Nineteenth-Century Nihilists Foretold Our Era

    Why the Age of Alternative Facts Might Have Unnerved Even Nietzsche.

    September 5, 2019 quoting Victor Davis Hanson via Foreign Affairs via Hoover Daily Report
    Democracy In America Is Failing — Here's How We Can Still Make It Work
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    Democracy In America Is Failing — Here's How We Can Still Make It Work

    American democracy is badly broken, but there’s no shortage of ways to improve it. One dramatic example will be on display in Dallas from Sept. 19 to 22, when a project called "America in One Room” will bring together a representative sample of more than 500 registered voters to engage in a process known as “deliberative polling” focused on five big issues: health care, immigration, the environment, the economy and foreign policy.

    September 8, 2019 quoting Larry Diamond via Salon via Hoover Daily Report
    Economy Lessons From Chanakya
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    Economy Lessons From Chanakya

    Former Prime Minister Manmohan Singh advised his successor, Prime Minister Narendra Modi, to listen to ‘sane voices’ on the economy to be able to restore confidence in the government’s macroeconomic policies and policymaking. For a prime minister there is probably no one better to turn to for sane and sage advice on statecraft than Kautilya aka Chanakya.

    September 6, 2019 quoting Condoleezza Rice via The Week via Hoover Daily Report
    5 Trillion Dollar Economy Of India: A Green Perspective
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    5 Trillion Dollar Economy Of India: A Green Perspective

    After the liberalisation of the economy in 1991, despite economic growth, India has not done well in terms of protecting the natural environment.

    September 8, 2019 citing Raghuram Rajan via Business Today via Hoover Daily Report
    Trump's Silence On Hong Kong Is Making America Weaker
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    Trump's Silence On Hong Kong Is Making America Weaker

    As China and its unruly possession Hong Kong teeter on the edge of catastrophe, President Trump has issued a series of messages with a common theme: If his friend Xi Jinping decides to crack down on the city's pro-democracy movement, the United States will understand.

    August 20, 2019 quoting Larry Diamond via Post Bulletin via Hoover Daily Report
    Why We Should Worry About The National Debt
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    Why We Should Worry About The National Debt

    The federal government is plunging deep into record-breaking debt, undermining the very foundations of our country and its economic health.

    September 6, 2019 quoting David Davenport via Daily Journal Online via Hoover Daily Report
    An Artificial-Intelligence First: Voice-Mimicking Software Reportedly Used In A Major Theft
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    An Artificial-Intelligence First: Voice-Mimicking Software Reportedly Used In A Major Theft

    Thieves used voice-mimicking software to imitate a company executive's speech and dupe his subordinate into sending hundreds of thousands of dollars to a secret account, the company's insurer said, in a remarkable case that some researchers are calling one of the world's first publicly reported artificial-intelligence heists.

    September 6, 2019 quoting Andrew Grotto via Post Bulletin via Hoover Daily Report
    China Keeps Booting US Journalists. We Keep Admitting Theirs.
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    China Keeps Booting US Journalists. We Keep Admitting Theirs.

    China’s Leaders can amass significant personal fortunes, using family members to conceal the wealth. They want to hide it because in public they must preserve the image of humble, sacrificing members of the Chinese Communist Party, even if they are really profiting nicely from capitalism. Thus, the secret wealth of these pooh-bahs is one of the most sensitive and taboo topics in China today.

    September 7, 2019 quoting Hoover Institution, Hoover Institution Editor, Hoover Institution Library & Archives via The Washington Post via Hoover Daily Report
    If Not Snapchat, What? A Guide To Stanford's Non-Tech Fiefdoms
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    If Not Snapchat, What? A Guide To Stanford's Non-Tech Fiefdoms

    Stanford (as we explored earlier this week) has become as much a tech incubator as a university — a four-year finishing school for the elite of Silicon Valley. But, of course, there are more worlds than the tech industry, and more reasons than “tech wealth” that the university is consistently named the No. 1 “dream college” for both parents and students. Many paths to fame, fortune, and power run through Stanford — here are just a few.

    September 6, 2019 mentioning Hoover Institution, Hoover Institution Editor, Hoover Institution Library & Archives, Michael McFaul, Condoleezza Rice via New York Magazine via Hoover Daily Report
    In Brief: The Mountbattens; This Is Happiness; Churchill – Reviews
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    In Brief: The Mountbattens; This Is Happiness; Churchill – Reviews

    A revelatory aristocratic life by Andrew Lownie, a magical novel from Niall Williams and an incisive political biography by Andrew Roberts.

    September 8, 2019 mentioning Andrew Roberts via The Guardian via Hoover Daily Report
    Spin Wars And Spy Games: Global Media And Intelligence Gathering
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    Spin Wars And Spy Games: Global Media And Intelligence Gathering

    As most long-standing news outlets have shuttered their foreign bureaus and print operations, the role of Global News Networks (GNNs) as information collectors and policy influencers has changed. Western GNNs are both untethered to government entities and able to produce accurate yet critical situational analyses. But due to the emergence of other GNNs owned or directed by national governments, the global news cycle has become thoroughly manipulatable.

    September 9, 2019 mentioning Markos Kounalakis via Commonwealth Club via Hoover Daily Report
  1. The Monroe Doctrine And Current U.S. Foreign Policy
  2. Spin Wars And Spy Games: Global Media And Intelligence Gathering
  3. Review: Call Sign Chaos - Learning To Lead
  4. Boris Vs. Jo — Oh Brother
  5. Understanding Chinese President Xi Jinping’s Motivation And Ambition
  6. Checking In On School Reforms In New Orleans
  7. Daron Acemoglu On Shared Prosperity And Good Jobs
  8. The “Left Behind” Kids Made Incredible Progress From The Late 1990s Until The Great Recession. Here Are Key Lessons For Ed Reform.
  9. Low Bond Yields
  10. Kevin Hassett Says Trump’s Trade War Is Worth the Cost
  11. James Mattis Says Trump Should "Verify, Then Trust" In Negotiations With Taliban
  12. In Brief: The Mountbattens; This Is Happiness; Churchill – Reviews
  13. 5 Trillion Dollar Economy Of India: A Green Perspective
  14. Democracy In America Is Failing — Here's How We Can Still Make It Work
  15. Trump Can Move Funds For Border Wall — And The Supreme Court Will Back Him
  16. Biden Or Bust?
  17. Murphy On Henderson And Carbon Taxes
  18. China Keeps Booting US Journalists. We Keep Admitting Theirs.
  19. Review: The Ungrateful Refugee By Dina Nayeri
  20. The Values That Economics Cannot Measure
  21. Author On British Inheritance Misses Two Important Points
  22. Economy Lessons From Chanakya
  23. If Not Snapchat, What? A Guide To Stanford's Non-Tech Fiefdoms
  24. Why We Should Worry About The National Debt
  25. E Pluribus Plures
  26. Donald Trump Vs. Adam Smith
  27. John Yoo: Cancel Culture Takes Aim At The Oil And Gas Industry
  28. An Artificial-Intelligence First: Voice-Mimicking Software Reportedly Used In A Major Theft
  29. Symposium: Title VII Did Not And Does Not Extend To Sexual Orientation Or Gender Identity — In 1964 Or Today
  30. Mattis Calls Out Deniers Of Climate Change, Urges Them To Ensure Next Generation Isn’t ‘Caught Flat-Footed’
  31. Nineteenth-Century Nihilists Foretold Our Era
  32. Here’s How To Get Through To Red-State Americans On Climate Change
  33. The Man Trump Wishes He Were
  34. Trump's Silence On Hong Kong Is Making America Weaker
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