Promises a Republic Can Keep: Joshua Rauh and Gregory Kearney on James Madison

Promises a Republic Can Keep: Joshua Rauh and Gregory Kearney on James Madison

Can James Madison still help solve America’s fiscal crisis? As the nation approaches its 250th anniversary, Senior Fellow Joshua D. Rauh and Senior Research Analyst Gregory Kearney argue that the Founding Father’s views on property rights, public debt, and limited government offer a framework for confronting today’s mounting fiscal challenges. They contend that Madison would have rejected modern wealth taxes as violations of private property while insisting that governments honor legitimate obligations without imposing endless burdens on future generations.

 Drawing on Madison’s writings and his role in resolving Revolutionary War pension debts, the authors explore how his principles might apply to today’s unfunded liabilities, including Social Security, Medicare, and public pensions. In the place of expanding taxes and entitlements, they argue, Madison’s emphasis on prudence, finite obligations, and intergenerational responsibility offers enduring lessons for preserving both fiscal stability and constitutional government. 

Read more here.

u/HooverInstitution — 3 days ago

The Declaration of Independence and the Fight for America’s Future

In a new episode of Uncommon Knowledge, Victor Davis Hanson—fifth-generation rancher in California’s San Joaquin Valley, classicist, military historian, Hoover Institution senior fellow, and author of more than two dozen books, including The Case for Trump, The Second World Wars, and The Dying Citizen—joins host Peter M. Robinson to discuss the founding of the United States and the nation’s critics. Drawing on the lessons of ancient Greece and Rome, the Magna Carta, the French Revolution, the Civil War, Woodrow Wilson’s administrative state, and the Trump era, Hanson argues that the genius of the American system lies in its difficult but durable structure: checks and balances, ordered liberty, and a constitution built for flawed human beings.

Watch or listen here

u/HooverInstitution — 5 days ago

For Afghanistan's Girls, a Dream Deferred

Mahnaz Akbari tells of the encounters she had as a member of Afghanistan’s security forces tasked with interviewing girls and women. These meetings conveyed a harsh truth: Afghan girls grow up not knowing they can learn to read and write and pursue their own interests. Many also believe that their society does not have a place for them. “I know she was not just a girl in a remote village,” Akbari writes of one meeting. “She was the symbol of millions of girls whose futures were decided before they ever had the chance to choose.” After Afghanistan fell again to the Taliban, women protested in the streets to defend their rights to education and freedom, Akbari writes, but those rights are under attack daily.

thefreedomfrequency.org
u/HooverInstitution — 9 days ago

Max Lamparth on the State of Artificial Intelligence

 

In this Q&A, Research Fellow and AI expert Max Lamparth takes a look at the growing pains of artificial intelligence, including popular misunderstandings of what it is, why industries feel pressure to deploy it prematurely, and how one of the greatest challenges is employing AI when we demand “a good answer from human judgment.” Concentration of AI power in a few hands also risks hampering the broad benefits of the technology, he says, also pointing out the risks of reflexive automation and information gatekeeping. His work includes finding ways to evaluate AI systems without picking winners, as well as learning how AI can perform both reliably and democratically. 

hoover.org
u/HooverInstitution — 11 days ago

How Iran Plans to Consolidate Its Victory

At The Wall Street Journal, Reuel Marc Gerecht and Ray Takeyh examine the implications of the US-Iran memorandum of understanding. The deal “sets the stage for an eventual nuclear revival” on the part of Iran, they argue, “since what’s been blown up can be rebuilt as long as enough oil flows, the regime’s illicit dual-use import network remains operational, and US and Israeli intelligence fails against Iranian vigilance.” After demonstrating a bold willingness to cross “lines that previous presidents dared not traverse,” the authors say, President Trump now appears as “another American politician hoping to induce the Iranian regime toward pragmatism by dangling financial rewards.” Gerecht and Takeyh caution that previous administrations have gone wrong trying to find and exploit fissures between supposed moderates and hard-liners within the repressive Iranian regime, and they encourage current policymakers not to fall for this “fool’s gold of American statesmen.”

wsj.com
u/HooverInstitution — 11 days ago

Ukraine Is Winning

Today, “in the fifth year of Putin’s barbaric invasion, the assumption that time is on Russia’s side seems to be increasingly inaccurate,” Senior Fellow Michael McFaul argues in this viral post at his Substack. “The longer this war drags on, the more likely it is that time may, instead, be on Ukraine’s side.” The distinguished scholar explains that Putin failed to achieve regime change in Ukraine and ended up galvanizing Ukrainian identity with his invasion. Ukrainian defense innovations slowed Russian advances and now increasingly enable counteroffensives against the invading force. Ukraine has also developed the capability to strike deep inside Russia, imposing significant costs. So, McFaul concludes, “Ukraine will survive this war as a pro-European independent democracy, with most of its territory governed from Kyiv rather than Moscow.” But the “final contours” of the end to the conflict “are still not yet defined.”

michaelmcfaul.substack.com
u/HooverInstitution — 20 days ago

Frank Dikötter And The True History Of Communist China

Senior Fellow Frank Dikötter, a renowned historian of modern China, joins Uncommon Knowledge to discuss his new book, Red Dawn over China: How Communism Conquered a Quarter of Humanity with host Peter M. Robinson. Drawing from tightly controlled Chinese Communist Party archives and Soviet Comintern documents, Dikötter systematically dismantles decades of romanticized Western myths—originally popularized by journalist Edgar Snow—surrounding the rise of Mao Zedong. He details how the Chinese Communist Party was a deeply unpopular, marginal movement that was heavily armed by Joseph Stalin rather than gaining organic peasant support, eventually taking the country through the devastation of civil war and the Red Army’s strategic handover of Manchuria. Shifting to modern-day geopolitics, the conversation explores how the “enforced amnesia” around this history shapes the systemic constraints of China's current single-party state. Dikötter analyzes the vulnerabilities behind the CCP’s economic facade, Xi Jinping's relentless military purges, the critical importance of arming Taiwan, and why the West must counter a regime built on deep-seated political paranoia.

hoover.org
u/HooverInstitution — 20 days ago
▲ 138 r/finance

The Catastrophic Failure of 2008 Shows Where Kevin Warsh Should Start

Hoover Senior Fellows John H. Cochrane and Amit Seru argue in this op-ed at The Washington Post that reforming financial regulations should be high on the list of priorities for recently confirmed Fed Chair Kevin Warsh. “The US financial regulatory regime failed catastrophically in 2008,” the authors write. But in their view, the post-crisis reforms, including “the Dodd-Frank law and the Fed’s subsidiary regulation,” only extended the pre-crisis approach of “managing asset riskiness.” The authors also trace how the 2023 collapse of Silicon Valley Bank “was fueled by earlier Fed errors.” Today, Seru and Cochrane conclude, “Warsh need not reform the big banks. . . . He should focus on simple truths: A crisis is a run and only a run is a crisis. Somebody losing money on a risky investment is not a crisis.”  

washingtonpost.com
u/HooverInstitution — 23 days ago