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  1. Featured
    What Is The Purpose Of A Corporation?
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    What Is The Purpose Of A Corporation?

    The Business Roundtable errs in prioritizing social responsibility over shareholder value.

    August 26, 2019 by Richard A. Epstein quoting Edward Paul Lazear, Milton Friedman via undefined via Defining Ideas
    Former White House Chief Economist: The Case For The Trump Economy
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    Former White House Chief Economist: The Case For The Trump Economy

    Before President Donald Trump was elected in 2016, the US economy was inching along with 1.5% growth. Many economists were so convinced the stagnation was here to stay that they called it the "new normal." After the president took office and began pursuing his agenda's three pillars of deregulation, tax cuts and trade reform, the "new normal" crowd said it couldn't work.

    August 27, 2019 by Kevin Hassett via CNN Business via Hoover Daily Report
    How A California Corporation Creates More Social Good Than Any Government
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    How A California Corporation Creates More Social Good Than Any Government

    There is growing pressure on corporations to stop prioritizing profits and to act in “the best interest of society.” Elizabeth Warren started the ball rolling last year with the Accountable Capitalism Act. If passed, this would dramatically change corporate governance and decision making. Its requirements include that at least 40 percent of board directors be elected by employees and that corporate decisions create a “general public benefit” rather than narrowly benefiting shareholders.

    August 27, 2019 by Lee Ohanian via undefined via California on Your Mind
    Global Games Of Chicken Are Frying The Planet
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    Global Games Of Chicken Are Frying The Planet

    “Hey, Toreador! . . . We head for the edge, and the first man who jumps is a chicken. All right?” In Rebel without a Cause, Jim (James Dean) and Buzz (Corey Allen) play the most famous game of chicken in Hollywood history, driving their jalopies at full speed towards a Californian cliff. At the last minute, Jim jumps. Buzz, his sleeve caught on the door handle, plunges to his death. Games of chicken are all around these days. Indeed, it starts to feel as if the whole world is playing a massive, multiplayer game of chicken. Clearly, Boris Johnson’s jaunts to Berlin and Paris last week were part of a diplomatic game of chicken over Brexit.

    August 26, 2019 by Sir Niall Ferguson via Boston Globe via Hoover Daily Report
    Analysis and Commentary
    Trump — Or What, Exactly?
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    Trump — Or What, Exactly?

    Let’s compare Trump’s policies and behavior to that of prior presidents — and to his 2020 opponents’.

    August 27, 2019 by Victor Davis Hanson via National Review via Hoover Daily Report
    David Davenport: The Death Penalty: Who Decides?
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    David Davenport: The Death Penalty: Who Decides?

    Liberals have used the courts for decades to carry out their agenda of social change. From Roe vs. Wade’s constitutional right to abortion to the more recent protection of same-sex marriage, courts have become an engine of social change.

    August 27, 2019 by David Davenport via Townhall Review via Hoover Daily Report
    NY Times’ 1619 Project Puts Slavery At The Center Of America’s Founding
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    NY Times’ 1619 Project Puts Slavery At The Center Of America’s Founding

    Last week the New York Times embarrassed itself twice. First, a transcript was leaked of editor Dean Baquet’s exhortation to reporters that the Russian-collusion fiction having been exploded, they now needed to focus on the endemic “racism” and “white supremacism” of Trump and his supporters in order to defeat the president. Next, as the “theory” behind this partisan journalistic “praxis,” the self-proclaimed “paper of record” announced the “1619 Project,” a series of articles and essays showing “that nearly everything that has made America exceptional grew out of slavery.”

    August 27, 2019 by Bruce Thornton via FrontPage Magazine via Hoover Daily Report
    Protectionism Redux?
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    Protectionism Redux?

    My thinking on trade protectionism is no longer absolute. Here’s why: One dirty secret is that state-managed growth isn’t such a bad policy for poor countries. Neoliberals might be angry to read that, but it’s true. But here’s the common sense that policymakers don’t seem to fathom: Policies that work for poor countries have no lessons for the United States.

    August 26, 2019 by Timothy Kane via Balance of Economics via Hoover Daily Report
    Great Moments In The Labor Theory Of Value
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    Great Moments In The Labor Theory Of Value

    American University has brought in an academic from the University of Washington-Tacoma with a curious mission for an academic institution: to teach academics not to grade on the writing ability of students as opposed to their “labor.” Professor Asao Inoue believes that writing ability should not be assessed to achieve “antiracist” objectives.

    August 27, 2019 by David R. Henderson via EconLog via Hoover Daily Report
    Interviews
    Niall Ferguson On The Remnant With Jonah Goldberg
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    Niall Ferguson On The Remnant With Jonah Goldberg

    Hoover Institution fellow Niall Ferguson discusses how the West grew rich, the problems with contemporary historical scholarship, and other weighty issues.

    August 26, 2019 interview with Sir Niall Ferguson via The Remnant with Jonah Goldberg via Hoover Daily Report
    Michael McFaul: Perspectives On Futures Of Artificial Intelligence
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    Michael McFaul: Perspectives On Futures Of Artificial Intelligence

    Hoover Institution fellow Michael McFaul discusses the future of artificial intelligence.

    August 27, 2019 interview with Michael McFaul via Hoover Institution via Hoover Daily Report
    Retreating From Democracy, With Larry Diamond
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    Retreating From Democracy, With Larry Diamond

    Hoover Institution fellow Larry Diamond discusses why the world may be on the cusp of a “democratic depression.”

    August 26, 2019 interview with Larry Diamond via World Class via Hoover Daily Report
    The Rural-Urban Divide With Jonathan Rodden
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    The Rural-Urban Divide With Jonathan Rodden

    Hoover Institution fellow Jonathan Rodden says geography matters in the United States because we’re divided into electoral districts, which can be a good thing but has a downside in being a major determinant in who wins an election. Rodden notes that the rural vote will be critical in the 2020 election, but economics will not be the only determinant as social issues, such as abortion, gun rights, race, and immigration, will also play a part.

    August 26, 2019 interview with Jonathan Rodden via Rural Matters via Hoover Daily Report
    Bill Evers: When You Say Socialism...
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    Bill Evers: When You Say Socialism...

    Hoover Institution fellow Bill Evers discusses his Wall Street Journal article "California Wants to Teach Your Kids That Capitalism Is Racist."

    August 27, 2019 interview with Williamson M. Evers via The Show-Me Institute Podcast via Hoover Daily Report
    Herb Lin: Facebook To World: Truth Is A Choice. Say WHAT?
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    Herb Lin: Facebook To World: Truth Is A Choice. Say WHAT?

    Hoover Institution fellow Herb Lin discusses technology, deep fake videos, and large scale information corruption.

    August 26, 2019 interview with Herbert Lin via BulletinAtomic via Hoover Daily Report
    John Yoo: Universities, Diversity And Free Speech
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    John Yoo: Universities, Diversity And Free Speech

    Hoover Institution fellow John Yoo discusses diversity and free speech on college campuses.

    June 14, 2019 interview with John Yoo via C-SPAN via Hoover Daily Report
    In the News
    Democracy And America's Foreign Policy Identity
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    Democracy And America's Foreign Policy Identity

    A Master Class With Former U.S. Secretary Of State Condoleezza Rice, Hosted By John Ciorciari, Director Of The Weiser Diplomacy Center.

    October 4, 2019 featuring Condoleezza Rice via Ford School of Public Policy, University of Michigan via Hoover Daily Report
    Saving American Democracy
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    Saving American Democracy

    Last year Freedom House, an independent watchdog organization dedicated to the expansion of freedom and democracy around the world, reported that more countries became oppressive rather than free for the thirteenth year in a row. The widespread erosion of political rights and civil liberties along with global attacks on the rule of law and fact-based journalism are to blame for this retreat of democracy. 

    September 5, 2019 featuring Larry Diamond via World Affairs via Hoover Daily Report
    Can Trump Force U.S. Companies Out Of China?
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    Can Trump Force U.S. Companies Out Of China?

    President Donald Trump startled investors last week when he took to Twitter and "hereby ordered" U.S. companies to stop doing business in China as the countries continue to clash over trade. So is he within his rights?

    August 26, 2019 quoting Jack Goldsmith via CBS News via Hoover Daily Report
    Trump Advocates For Putin At G-7 Summit In Move To Soften Russia’s Pariah Status
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    Trump Advocates For Putin At G-7 Summit In Move To Soften Russia’s Pariah Status

    President Trump capped days of advocacy on behalf of Russian President Vladi­mir Putin by announcing here Monday that he intends to invite the leader to the Group of Seven summit in 2020, which Trump will host in an election year amid warnings that Russia is actively trying to interfere again in the U.S. presidential election.

    August 26, 2019 quoting Michael McFaul via The Washington Post via Hoover Daily Report
    Trump And The Business Roundtable Create Unwanted Regime Uncertainty
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    Trump And The Business Roundtable Create Unwanted Regime Uncertainty

    Last week, the Business Roundtable joined the ever-present Donald J. Trump in creating unwanted regime uncertainty. President Trump displayed his mercantilist machismo by threatening to go to the mat with China and America’s businesses. He promised more tariffs on China if Beijing did not comply with his demands. Then, the President turned his fury on America’s businesses; he ordered them to stop doing business with the Chinese. But, that wasn’t all. Trump also lashed out at the Chairman of the U.S. Federal Reserve Jerome Powell, labeling him an “enemy” and comparing him to Trump’s trade nemesis President Xi Jinping of China. Not surprisingly, the markets plunged. 

    August 26, 2019 citing Steven J. Davis via Forbes via Hoover Daily Report
    When Winning A Trade War Feels Like Losing
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    When Winning A Trade War Feels Like Losing

    Though not something to celebrate, America has reached its highest level of economic policy uncertainty since President Trump’s January 2017 inauguration. It seems that Trump hit a veritable uncertainty bonanza when, in a wide-ranging interview, he indicated that America was winning the trade war even though the trade deficit with China, his preferred measure of success or failure, is rising, and in his opinion, the trade controversy could produce a short recession.

    August 27, 2019 citing Steven J. Davis via The Washington Examiner via Hoover Daily Report
  1. Democracy And America's Foreign Policy Identity
  2. Saving American Democracy
  3. NY Times’ 1619 Project Puts Slavery At The Center Of America’s Founding
  4. How A California Corporation Creates More Social Good Than Any Government
  5. Bill Evers: When You Say Socialism...
  6. Great Moments In The Labor Theory Of Value
  7. David Davenport: The Death Penalty: Who Decides?
  8. Trump — Or What, Exactly?
  9. Former White House Chief Economist: The Case For The Trump Economy
  10. Michael McFaul: Perspectives On Futures Of Artificial Intelligence
  11. When Winning A Trade War Feels Like Losing
  12. Can Trump Force U.S. Companies Out Of China?
  13. Trump Advocates For Putin At G-7 Summit In Move To Soften Russia’s Pariah Status
  14. What Is The Purpose Of A Corporation?
  15. Herb Lin: Facebook To World: Truth Is A Choice. Say WHAT?
  16. The Rural-Urban Divide With Jonathan Rodden
  17. Protectionism Redux?
  18. Global Games Of Chicken Are Frying The Planet
  19. Retreating From Democracy, With Larry Diamond
  20. Niall Ferguson On The Remnant With Jonah Goldberg
  21. Trump And The Business Roundtable Create Unwanted Regime Uncertainty
  22. John Yoo: Universities, Diversity And Free Speech
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