Hoover Institution Press,U.S. – förlag

Unmasking the Truth about Tax Cuts 

In this essential essay, Thomas Sowell, with his trademark independent-minded approach, challenges the prevailing narratives surrounding tax cuts and "trickle-down" economics. He argues that this often-used term is a distorted simplification, obscuring the nuanced reality of how tax policy impacts economic activity. Sowell provides a clear-eyed perspective, grounded in historical analysis, that will reshape your understanding of prosperity. In this essay, Sowell: 

debunks the "trickle-down" myth as a misrepresentation of economic arguments;

examines the historical context of tax cuts and their actual consequences;

highlights the role of incentives in driving economic behavior and growth;

offers a vital framework for understanding the complexities of tax policy; and

challenges conventional wisdom and encourages critical thinking about economic debates.

The Indo-Pacific is fast becoming the world's dominant region. As it grows in power and wealth, geopolitical competition has reemerged, threatening future stability not merely in Asia but around the globe.

China is aggressive and uncooperative, and increasingly expects the world to bend to its wishes. The focus on Sino-US competition for global power has obscured "Asia's other great game": the rivalry between Japan and China. A modernizing India risks missing out on the energies and talents of millions of its women, potentially hampering the broader role it can play in the world. And in North Korea, the most frightening question raised by Kim Jong-un's pursuit of the ultimate weapon is also the simplest: can he control his nukes?

In Asia's New Geopolitics: Essays on Reshaping the Indo-Pacific, Michael R. Auslin examines these and other key issues transforming the Indo-Pacific and the broader world. He also explores the history of American strategy in Asia from the 18th century through today.

Taken together, Auslin's essays convey the richness and diversity of the region: with more than three billion people, the Indo-Pacific contains over half of the global population, including the world's two most populous nations: India and China. In a riveting final chapter, Auslin imagines a war between America and China in a bid for regional hegemony and what this conflict might look like.

In late 1991, the Soviet Union was officially dissolved. Over the next 12 years, the Hoover Institution microfilmed and published the newly opened records of the Soviet Communist Party and the Soviet State. Among the 10 million pages were records of the central organs of the Communist Party; the NKVD, which regulated the ordinary lives of the Russian people; the GULAG, the secret police department that ran the forced labor camps; and the 1992 trial of the Communist Party.

Charles Palm, who led this mission, details how he and his colleagues secured a historic agreement with the Russian Federation, then launched and successfully carried out the joint project with the Russian State Archives and their partner, Chadwyck-Healey Ltd. The success of the project hinged on managing logistics among the three partners across three continents, facing down critics in Russia and elsewhere, and navigating the unstable political terrain that prevailed in Russia during the 1990s. The Hoover Institution’s decisive action during a brief window of opportunity preserved on microfilm and provided worldwide access to the records of Soviet Communism and helped bring to account one of the most consequential ideologies of the 20th century.

In May 2023, the world’s top economic policymakers and academics convened at the Hoover Institution for the annual Monetary Policy Conference. They met at a tumultuous time: the previous year, inflation had surged, and some believed the Federal Reserve was slow to react. What was behind this surge, and why did the Fed fail to forecast inflation, or perceive it when it happened? Participants considered whether the sluggish response made the situation worse, and how to get inflation back under control.

This volume presents the full proceedings from this conference—the presentations, responses, and discussions. In it, participants debate the meaning of getting monetary policy “back on track,” the significance of recent bank failures, and how to improve forecasting and oversight. A persistent underlying question is whether the Fed should follow a rule-like monetary policy, which maintains predictability in response to fluctuating inflation, GDP, and employment rates. Presenters discuss this issue as they recognize the thirtieth anniversary of the Taylor rule, an important guide to practical monetary policy.

Other topics include a five-century history of central bank balance sheets, inflation targeting in Japan, and lessons from Latin America. Together, these proceedings illustrate and dissect the interaction of financial regulation and monetary policy.

What are federalism’s challenges and opportunities today?

The framers of the US Constitution enumerated specific powers for the federal government, leaving all else under the purview of states or the people. Over time, the federal government has expanded its role, yet the American people have more trust in state and local governments that are closer to them—and where co-partisanship is often a matter of necessity. Scholars and practitioners in policymaking gathered at the Hoover Institution in September 2023 to discuss the ramifications of federalism for contemporary issues. American Federalism Today presents those conference proceedings.

Renowned experts from a range of disciplines, including economics, political science, history, and law, lay out the key priorities in evaluating and reinvigorating America’s federal system of governance. Among the topics they examine are infrastructure, education and healthcare financing, trust in government, and intergovernmental relations in an era of rising federal debt and unfunded state and local liabilities. Three influential governors—Mitch Daniels, Jeb Bush, and Jerry Brown—describe navigating the federalist system as they led their states through many challenges. This unique compilation draws on the remarkable expertise and experience of its contributors to probe federalism’s strengths, weaknesses, opportunities, and challenges in the nation’s political and economic governance.