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California Update: AI To The (Fiscal) Rescue; Spencer For Hire In LA?

Economic

The Enduring Failures Of Rent Control

California Update: (Self-Inflicted?) Pain At The Pump; Governor’s Race In Flux; A Cannabis Black Market

The Licensing Racket, And How To Fix It

Richard Epstein On Property Rights, Law And Economics

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Latest Videos

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What Next For Venezuela?

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How Do Small Towns Grow?

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Construction Productivity: Strange And Awful

Economics, Applied

Matters of Policy & Politics

Capitalism and Freedom in the 21st Century

John H. Cochrane

Steven J. Davis

David R. Henderson

Stephen Haber

Energy & Environment

Like Oil And Water? Free-Market Environmentalism With Terry Anderson

&lt;p&gt;Research into the Federal Reserve and its deliberations as it attempts to manage inflation and the velocity of money. Analysis of international central banks and the effects of their policy on the global economy.&lt;/p&gt;

Monetary Policy

&lt;p&gt;Fifty states and thousands of school districts set varying standards across the United States. Hoover fellows analyze reforms that attempt to improve educational outcomes, accountability, and school choice.&lt;/p&gt;

K-12

&lt;p&gt;Property rights and adaptation continue to play a crucial role in providing clean water and air, as well as mitigating greenhouse gas emissions.&amp;nbsp;&lt;/p&gt;

Nuclear Energy

&lt;p&gt;Artificial intelligence and machine learning are leading to leaps in computational achievements. Foreign competitors are eroding our traditional advantage, requiring renewed emphasis&lt;/p&gt;

Telecommunications &amp; Internet

&lt;p&gt;The rising challenge posed by China’s active and expansionary foreign policy requires careful study and rebuttal. Its threat to long-standing norms of the liberal order are leading to pushback across the globe.&lt;/p&gt;

China

&lt;p&gt;Promoting the core values of the United States requires clear communication to our allies and adversaries, along with the will to support the implementation of those values.&lt;/p&gt;

US Foreign Policy

&lt;p&gt;Cybersecurity threats exist across individuals, firms, and nations. Its domains span software, the internet, and even space. Traditionally dominant powers like the United States are uniquely vulnerable.&lt;/p&gt;

Cyber Security

&lt;p&gt;Economic history provides insight into financial collapses, trade disputes, and monetary policy mistakes. Their study and application onto modern times can help prevent future disasters.&lt;/p&gt;

&lt;p&gt;State and local governments have constitutional authority over public safety in the United States. Working with those governments to determine equitable and efficient solutions to recent trends in rising crime is critical to the safety of our citizens.&lt;/p&gt;

Regulation &amp; Property Rights

&lt;p&gt;Confidence in the democratic institutions and norms has fallen for decades. A renewal of faith in elections and democracy requires election reform that boosts confidence in our governing system.&lt;/p&gt;

Campaigns &amp; Elections

&lt;p&gt;Fellows address how the United States and like-minded democracies can help expand economic prosperity, the rule of law, and political stability to underdeveloped nations. They also analyze the People’s Republic of China’s offerings of infrastructure aid and loans to the developing world, which will result in creating debt traps, undermining the sovereignty of beneficiary countries, and advancing authoritarian forms of governance.&lt;/p&gt;

Development

&lt;p&gt;Tax policy affects individual behavior, employment, and investment decisions. Studying the trade-offs between efficiency and equity yield solutions for policymakers and the public alike.&lt;/p&gt;

Budget &amp; Spending

&lt;p&gt;Understanding the vital role that effective teachers have on educational outcomes requires analysis of test scores, long-term earnings, and teacher evaluations.&lt;/p&gt;

Higher Education

&lt;p&gt;Growing national and global energy requirements are driving the demand for both renewable and fossil fuels. Meeting global environmental goals will require innovation and adoption of key technologies, including carbon capture, nuclear power, and large-scale battery capabilities.&lt;/p&gt;

Renewable Energy

&lt;p&gt;National security concerns driven by Iranian ambitions are driving new security considerations within the Gulf. Preventing a hegemonic Iranian regime requires support for our allies within the region.&lt;/p&gt;

Democracy

&lt;p&gt;Military history has been disappearing from secondary education across the United States for decades. The Hoover Institution’s commitment to its revitalization is embodied in its research, programming, and network of scholars.&lt;/p&gt;

Military

&lt;p&gt;Analysis of tax and spending policies at the federal, state, and local level. Government spending represents over a quarter of the economy.&lt;/p&gt;

Fiscal Policy

&lt;p&gt;Hoover fellows assess policies that can best reduce nuclear proliferation. Issues include the role of technology in nuclear command and control; and how governments and international organizations can counter the deployment of weapons of mass destruction between great powers, in regional rivalries, and among terror groups.&lt;/p&gt;

Arms Control

&lt;p&gt;Hoover fellows address how advanced technologies and social media are impacting policy making at the federal, state, and local levels. Fellows analyze, among other issues, whether Big Tech conglomerates constitute monopoly power in the marketplace, and if these companies have the right to censor speech and exclude certain individuals or firms from using their platforms.&lt;/p&gt;

Technology, Law, and Governance

&lt;p&gt;Fellows address the consequences of Vladimir Putin’s decision to invade Ukraine, the presence of Russian forces in Syria, Moscow’s position at the center of great-power politics, and nuclear disarmament negotiations between leaders in the Kremlin and in the White House.&lt;/p&gt;

Russia

&lt;p&gt;Fellows examine a broad spectrum of congressional policies and their impacts on the economic and social life of Americans. They also provide insight on Congress’s oversight of various executive branch agencies and the presidential appointment process.&lt;/p&gt;

Congress

Artificial Intelligence

&lt;p&gt;The management of processes surrounding hydraulic fracturing, the mining of rare earth elements, and the development of cross-national pipelines has implications for growing international energy requirements.&lt;/p&gt;

Innovation

&lt;p&gt;Hoover fellows address geopolitical conditions of key countries and regions around the world. In papers, conferences, and testimonies before government, they present policy solutions to pressing issues including threats posed by authoritarian forces to America’s national security and that of other free and open societies.&amp;nbsp;&lt;/p&gt;

Key Countries / Regions

&lt;p&gt;The study of political systems across the world generates insights into the unique challenges posed by state and non-state actors alike. Philosophical differences to governing nations have led to wars, conflicts, and diplomatic issues that are worth learning from.&lt;/p&gt;

Contemporary

&lt;p&gt;Federal law enforcement governs drug policy, domestic terrorism, and other interstate challenges within our country’s borders. State-based solutions must be evaluated and adopted based on their efficacy when possible.&lt;/p&gt;

Civil Rights &amp; Race

&lt;p&gt;The federal system of the United States acted as a bulwark against the centralization of government, until recently. Constitutional authority and jurisdiction must return to states in order to lessen the burden of government on everyday Americans.&lt;/p&gt;

Federalism

Race &amp; Gender

&lt;p&gt;Hoover fellows address various aspects of intelligence policy and operations, including the impacts of advanced technologies on global espionage, and the struggle between the interests of the intelligence community and democratic accountability.&lt;/p&gt;

Intelligence

&lt;p&gt;In a statement made to the Stanford Board of Trustees in 1959, the Institution’s founder underscored that America’s economic and social system is based on private enterprise, from which springs initiative and ingenuity. Our fellowship remains committed to the principle that free trade is the key engine of national income growth, benefits consumers with less costly goods and services, and, more equitably than any other system, expands wealth and prosperity across societies.&lt;/p&gt;

Trade

&lt;p&gt;Fellows analyze the geopolitics of the Middle East, including issues related to energy security, sectarian violence, peace prospects between Israelis and Palestinians, and power rivalries in the Persian Gulf region. Fellows also assess the issue of nuclear proliferation, especially Iran’s ambitions for nuclear weapons and the West’s revival of the Joint Comprehensive Plan of Action with leaders in Tehran.&lt;/p&gt;

Middle East

&lt;p&gt;Hoover scholars examine the policy decisions of the executive branch and whether those actions fall within the responsibilities and limits of presidential power as spelled out in the US Constitution. They address the impact of presidential decision making and executive branch regulations in a broad spectrum of policy areas including national security, the economy, the environment, energy, public health, and more.&lt;/p&gt;

The Presidency

&lt;p&gt;The United States must reassure its allies and deter its adversaries by making its commitments clear and providing the resources and willpower to support them.&lt;/p&gt;

US Defense

&lt;p&gt;The United States Constitution is the longest surviving charter of government for a reason. Careful study of the principles that built this nation leads to practical applications for modern-day challenges in governance.&lt;/p&gt;

&lt;p&gt;The guarantee of property rights give people the incentive to invest, innovate, or preserve their property. The government’s role remains the arbiter and guarantor of contracts and property rights within the legal system.&lt;/p&gt;

Intellectual Property

&lt;p&gt;The Golden State is in the midst of challenges from crime, housing, and homelessness. Democratic supermajorities and constant ballot initiatives have led to rigid policy and unintended consequences, requiring a rethink of long-standing barriers to equitable economic growth.&lt;/p&gt;

&lt;p&gt;Housing prices across the country reflect arbitrary supply-side restrictions on new units, including environmental and other zoning rules. Well-intentioned affordable housing carve outs stymie overall supply.&lt;/p&gt;

Finance &amp; Banking

&lt;p&gt;Fellows examine major political, economic, and security challenges involving the European Union and the NATO alliance. Issues include the strength of NATO in the face of threats posed by Russia; the struggle to absorb millions of migrants fleeing conflict zones and poor living conditions in the Middle East, Africa, and Central Asia; and debates within the EU on how to deal with challenges such as economic relief from the pandemic crisis, and access to affordable and reliable energy sources.&lt;/p&gt;

Europe

&lt;p&gt;Fellows examine decision making on the civil rights of Americans, from the federal judiciary at the district and appellate levels to the Supreme Court, as well as constraints the judicial system places on policy making in the executive and legislative branches.&lt;/p&gt;

Judiciary

&lt;p&gt;Non-state actors, operating with or without state support, remain a global threat to the safety and security of the international system. Cross-national agreements and security arrangements help to alleviate those threats.&lt;/p&gt;

Terrorism

&lt;p&gt;Preventing modern-day challenges begins with the careful investigation of historical conflicts. Historical security arrangements, trade deals, and conflicts can help to guide current policies aimed at stabilizing politics and volatile regions.&lt;/p&gt;

World

&lt;p&gt;The power of the executive branch has grown over the past half century. At the same time, executive orders commonly bypass the legislative process, but fail to last as new administrations overturn previous accomplishments.&lt;/p&gt;

Public Opinion

&lt;p&gt;The intersection of individual behavior and government regulations on innovation, employment, and investment.&lt;br /&gt; 
&amp;nbsp;&lt;/p&gt;

US Labor Market

&lt;p&gt;Fellows examine challenges in the Indo-Pacific, especially China’s aggression in the Taiwan Strait and the East and South China Seas, and a nuclear-armed North Korea. They analyze the activity of the Quadrilateral Security Dialogue, or Quad, framework of countries (United States, Australia, Japan, and India) and their efforts in maintaining a rules-based order in the region, enhancing security cooperation, and building resilient supply chains.&lt;/p&gt;

Indo Pacific

&lt;p&gt;The administrative state is the collection of federal agencies, regulators, and rule makers that have become a powerful, unelected, and unaccountable part of the government. Reining in the administrative state will require Congress to reassert its authority over legislative matters and judges to grant less deference to regulators who overstep their bounds.&lt;/p&gt;

Comparative Politics

&lt;p&gt;Fellows address policy issues in Africa. Among continents, Africa has enormous potential as a global economic power bloc. It has a growing working-age population, the world’s largest free-trade zone, and vast amounts of natural resources. However, Africa also grapples with many challenges, including terrorism and ethnic violence; droughts and other forms of environmental disaster; political corruption; and China’s use of developmental aid to undermine the sovereignty of the continent’s democracies.&lt;/p&gt;

Africa

&lt;p&gt;The administrative state has increasingly grown powerful in day-to-day governance as Congress and the judicial branch has voluntarily ceded power over time.&lt;/p&gt;

Political Philosophy

&lt;p&gt;The Hoover Institution has a long history of scholarship in economic policy. We have two Nobel Prize winners as current fellows and three others, Gary Becker, Milton Friedman, and Douglass North, who served as fellows until their passing.&lt;/p&gt;

&lt;p&gt;International organizations, from the World Health Organization to the United Nations, coordinate disaster relief efforts, climate change policies, and trade disputes. The United States must keep a seat at the table.&lt;/p&gt;

International Affairs

&lt;p&gt;Hoover fellows analyze how court decisions and legal interpretations shape government decision making and address how the nation’s constitutional principles should guide the formulation of public policy.&lt;/p&gt;

Law &amp; Policy

&lt;p&gt;The Hoover Institution hosts some of the world’s most eminent national security thinkers and practitioners, including a former Secretary of Defense and two National Security Advisors, committed to developing and articulating new strategies to cope with an increasingly chaotic world.&lt;/p&gt;

Security &amp; Defense

&lt;p&gt;Originally founded over a century ago as a repository for historical documents and ephemera, the Hoover Institution is steeped in history. Today its eminent historians seek to apply the lessons of history to contemporary public policy challenges.&lt;/p&gt;

History

&lt;p&gt;New technologies—from Internet advances to artificial intelligence to synthetic biology and many more—are transforming the global economy and are offering unmatched opportunities to alleviate poverty, raise economic growth, treat disease, and improve lives all over the world. But they also fuel new geopolitical competition and pose unprecedented governance challenges to domestic political institutions. Hoover scholars conduct original research, bring together private sector and public sector leaders, and develop policy recommendations.&lt;/p&gt;

Science &amp; Technology

&lt;p&gt;Volatile and rising energy prices and increasing global concern about climate change pose threats to national security and adverse effects of energy usage on global climate. &amp;nbsp;Hoover scholars gather comprehensive information on current scientific and technological developments, survey the contingent policy actions, and offer a range of prescriptive policies to address our varied energy challenges.&lt;/p&gt;

Energy &amp; Environment

&lt;p&gt;Hoover fellows have been and remain at the forefront of education reform research, including school choice and accountability.&lt;/p&gt;

Education

&lt;p&gt;Hoover health policy scholars conduct research that aims to devise policies that enable more Americans to get better value for their health care dollar and foster appropriate innovations that will extend and improve life.&lt;/p&gt;

Health Care

&lt;p&gt;Federal immigration policy dictates the flow of both legal and illegal immigrants to the United States. Promoting the former while limiting the latter requires a renewed perspective of the value that immigrants have always brung to the United States.&lt;/p&gt;

Immigration

&lt;p&gt;The Hoover fellowship regularly analyzes the political environment shaping government leaders’ decision making, on issues ranging from the economy and national security to public health, education, and the environment. The Institution also conducts two bi-annual polls that measure voters’ attitudes toward social, economic, and political institutions, reactions to specific government policies, and beliefs about the direction of America.&lt;/p&gt;

Politics, Institutions, and Public Opinion

&lt;p&gt;State and local governments dictate more of American life than is commonly assumed. Public safety, education, and housing are all governed by state and local decision makers.&lt;/p&gt;

Regulation & Property Rights

The Enduring Failures Of Rent Control

California Update: (Self-Inflicted?) Pain At The Pump; Governor’s Race In Flux; A Cannabis Black Market

The Licensing Racket, And How To Fix It

Richard Epstein On Property Rights, Law And Economics

Latest Videos

What Next For Venezuela?

The Licensing Racket, And How To Fix It

How Do Small Towns Grow?

Construction Productivity: Strange And Awful

Shows

Economics, Applied

Economics, Applied

Matters of Policy & Politics

Matters of Policy & Politics

Capitalism and Freedom in the 21st Century

Capitalism and Freedom in the 21st Century

Fellows

John H. Cochrane

John H. Cochrane

Steven J. Davis

Steven J. Davis

David R. Henderson

David R. Henderson

Stephen Haber

Stephen Haber

Podcasts

California Update: AI To The (Fiscal) Rescue; Spencer For Hire In LA?

California Update: AI To The (Fiscal) Rescue; Spencer For Hire In LA?

Like Oil And Water? Free-Market Environmentalism With Terry Anderson

Like Oil And Water? Free-Market Environmentalism With Terry Anderson

California Update: (Self-Inflicted?) Pain At The Pump; Governor’s Race In Flux; A Cannabis Black Market

California Update: (Self-Inflicted?) Pain At The Pump; Governor’s Race In Flux; A Cannabis Black Market

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