September 22, 2025 • 6 mins
Today, Peter Berkowitz previews his new book on Israel’s recent political history and its relationship with the United States; the GoodFellows discuss turning points in Ukraine as well as America’s domestic political climate; and Jennifer Burns tells The Wall Street Journal why she believes American capitalism will continue to deliver prosperity 50 years from now, even as she anticipates a shake-up in the state’s relationship to the economy.
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Episode Transcript
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>> Speaker 1 (00:00):
Welcome to the Hoover Daily Report.
Ideas Advancing Freedom It's Monday,September 22, 2025.
>> Speaker 2 (00:07):
Today, Peter Berkowitz previews his new book on Israel's recent
political history andits relationship with the United States.
The Goodfellows discuss turning pointsin Ukraine as well as America's domestic
political climate.
And Jennifer Burns tells the Wall StreetJournal why she believes American
capitalism will continue to deliverprosperity and 50 years from now,
(00:29):
even as she anticipates a shakeup inthe state's relationship to the economy.
>> Speaker 1 (00:34):
Explaining Israel, the Jewish State, the Middle east and
America in his weekly columnat Real Clear Politics,
senior fellow Peter Berkowitz givesreaders a preview of his new book.
Explaining the Jewish State,the Middle east and America,
set to be released tomorrow,September 23rd.
Berkowitz opens by describing Israelin 2014, when which was enjoying
(00:56):
unprecedented prosperity after decades ofeconomic growth and urban development.
But as external threats intensifiedin 2014 and in the following years,
internal strife in Israel mounted.
Berkowitz writes that domestic divisionsbetween various Jewish communities and
between the Jewish majority andthe Arab minority population.
(01:17):
As well as growing political discord,undermined Israel's quote,
political cohesion, the sense amongcitizens that their remarkably diverse
population formed one people devotedto a common national enterprise.
Berkowitz suggests that a constitutionalcrisis over proposed judicial reforms
was averted on October 7 by a terrifyingnational security crisis which
(01:39):
saw Israelis rally fora collective self defense.
Berkowitz's book examinesIsrael's role in the region and
relations with the US inlight of this recent history.
>> Speaker 2 (01:49):
Turning Kyiv, Kirk Kimmel and
the Sundance Kid on the latestepisode of Goodfellows,
senior fellows Neil Ferguson, John Cochranand HR mcMaster joined distinguished
policy fellow Bill Whelan to talk aboutthe current state of affairs in Ukraine.
Drawing on the observations ofSir Neill fresh off a visit to Kyiv,
the panelists also discussedCharlie Kirk's murder as a watershed
(02:12):
moment in a potential new cycleof political violence and
whether America has reached a tippingpoint regarding free speech.
Noting the tendency of governmentmeddling to advance partisan aims,
Hoover's resident grumpyeconomist calls for
the elimination of the FederalCommunications Commission to get it out
of the business of influencing orcontrolling protected speech.
(02:34):
Finally, the crew ends on a sunnier note,
with the three fellows sharing theirfavorite Robert Redford movies in honor of
the recently deceasedscreen legend what will.
>> Speaker 1 (02:43):
What will US capitalism look like in 50 years?
As part of a year long series exploringthe story of the world's greatest
economy leading up to the 250thanniversary of American independence.
Next July, the Wall Street Journal askedseven economic experts what capitalism in
the United States might looklike 50 years from now.
In response, research fellow JenniferBurns argues that despite headwinds in 50
(03:07):
years, American capitalism will remaina dynamic, innovative engine of growth.
What will change, says Burns,is the relationship between capitalism and
the American state and the importanceof geopolitics to economic policy.
Burns suggests soaring budget deficits andan inevitable entitlements
crunch will likely in the next decade,quote, accelerate the political and
(03:30):
economic exhaustion ofthe regulatory administrative state.
Burns sees a renegotiation of therelationship between capital and labor and
as well as possible national securityimperatives to decentralize and
disperse innovation hubs acrossthe country as pillars of an emerging post
industrial economy.
>> Speaker 2 (03:49):
Is Medicare Expansion Wise?
A new short video fromHoover's Tenenbaum Program for
Fact Based Policy Features Research fellowLanhee Jae Chen discussing the trade
offs involved in Medicare expansion.
While expanding Medicare by lowering theeligibility age may sound compassionate,
the video shows how itrisks massive costs.
Expanding Medicare coulddisplace private coverage,
(04:11):
yet still fail to targetthose truly in need.
Chen notes that expanding an entitlementprogram like Medicare into perpetuity in
the hopes of expanding coverage to onlya few million individuals lacking adequate
insurance will increase costs andreduce coverage options for many millions.
Chen argues that creatingcompetitive markets that lower
the cost of health care andexpanding the availability of benefits and
(04:35):
is the better solution to expandingaccess to health coverage and care.
>> Speaker 1 (04:39):
Accounting for
City Size Minimum Wages Reduced Jobsalmost everywhere.
In a post for the Pro Marketblog published by the University
of Chicago Booth School of Business,visiting fellow David Newmark and
co authors share findings from theirrecent research into the effects of
minimum wage laws on employment.
The authors note that proponents of higherminimum wage laws have tended to base
(05:02):
their arguments on a smallnumber of studies and
claiming to show that higher minimumwages increase low wage employment or
more commonly,do not affect employment at all.
The authors write that their recentresearch shows, however, that this
evidence fails to account for the factthat in larger cities wages are higher and
as a result minimum wages are binding forfewer workers.
(05:25):
Newmark and co authors explain furtherthat once city size is accounted for,
quote, there is much less evidencethat a higher minimum wage can
increase employment in lesscompetitive labor markets.
>> Speaker 2 (05:36):
Featured from the Hoover Library and
Archives Student MovementsDigital Collection.
The Hoover Institution Library andArchives offers a digitized collection
of more than 700 objects relatedto student movements and activism.
Many items pertain to the InternationalUnion of Students, a former worldwide
association of university studentorganizations that's your Hoover Daily.
>> Speaker 1 (05:58):
Report for Monday, September 22, 2025.
Each weekday we bring you research,analysis and commentary focused on public
policy, national security, and the ideasshaping American society and government.
The Hoover Institution atStanford University is grounded
in constitutional principles with acommitment to sustaining the safeguards of
the American way of life.
(06:19):
Thank you for listening.
For links to all the articles andinterviews mentioned today,
visit Hoover.org/ HDR.
Welcome to the Hoover Daily Report.
Ideas Advancing Freedom It's Monday,September 22, 2025.
>> Speaker 2 (00:07):
Today, Peter Berkowitz previews his new book on Israel's recent
political history andits relationship with the United States.
The Goodfellows discuss turning pointsin Ukraine as well as America's domestic
political climate.
And Jennifer Burns tells the Wall StreetJournal why she believes American
capitalism will continue to deliverprosperity and 50 years from now,
(00:29):
even as she anticipates a shakeup inthe state's relationship to the economy.
>> Speaker 1 (00:34):
Explaining Israel, the Jewish State, the Middle east and
America in his weekly columnat Real Clear Politics,
senior fellow Peter Berkowitz givesreaders a preview of his new book.
Explaining the Jewish State,the Middle east and America,
set to be released tomorrow,September 23rd.
Berkowitz opens by describing Israelin 2014, when which was enjoying
(00:56):
unprecedented prosperity after decades ofeconomic growth and urban development.
But as external threats intensifiedin 2014 and in the following years,
internal strife in Israel mounted.
Berkowitz writes that domestic divisionsbetween various Jewish communities and
between the Jewish majority andthe Arab minority population.
(01:17):
As well as growing political discord,undermined Israel's quote,
political cohesion, the sense amongcitizens that their remarkably diverse
population formed one people devotedto a common national enterprise.
Berkowitz suggests that a constitutionalcrisis over proposed judicial reforms
was averted on October 7 by a terrifyingnational security crisis which
(01:39):
saw Israelis rally fora collective self defense.
Berkowitz's book examinesIsrael's role in the region and
relations with the US inlight of this recent history.
>> Speaker 2 (01:49):
Turning Kyiv, Kirk Kimmel and
the Sundance Kid on the latestepisode of Goodfellows,
senior fellows Neil Ferguson, John Cochranand HR mcMaster joined distinguished
policy fellow Bill Whelan to talk aboutthe current state of affairs in Ukraine.
Drawing on the observations ofSir Neill fresh off a visit to Kyiv,
the panelists also discussedCharlie Kirk's murder as a watershed
(02:12):
moment in a potential new cycleof political violence and
whether America has reached a tippingpoint regarding free speech.
Noting the tendency of governmentmeddling to advance partisan aims,
Hoover's resident grumpyeconomist calls for
the elimination of the FederalCommunications Commission to get it out
of the business of influencing orcontrolling protected speech.
(02:34):
Finally, the crew ends on a sunnier note,
with the three fellows sharing theirfavorite Robert Redford movies in honor of
the recently deceasedscreen legend what will.
>> Speaker 1 (02:43):
What will US capitalism look like in 50 years?
As part of a year long series exploringthe story of the world's greatest
economy leading up to the 250thanniversary of American independence.
Next July, the Wall Street Journal askedseven economic experts what capitalism in
the United States might looklike 50 years from now.
In response, research fellow JenniferBurns argues that despite headwinds in 50
(03:07):
years, American capitalism will remaina dynamic, innovative engine of growth.
What will change, says Burns,is the relationship between capitalism and
the American state and the importanceof geopolitics to economic policy.
Burns suggests soaring budget deficits andan inevitable entitlements
crunch will likely in the next decade,quote, accelerate the political and
(03:30):
economic exhaustion ofthe regulatory administrative state.
Burns sees a renegotiation of therelationship between capital and labor and
as well as possible national securityimperatives to decentralize and
disperse innovation hubs acrossthe country as pillars of an emerging post
industrial economy.
>> Speaker 2 (03:49):
Is Medicare Expansion Wise?
A new short video fromHoover's Tenenbaum Program for
Fact Based Policy Features Research fellowLanhee Jae Chen discussing the trade
offs involved in Medicare expansion.
While expanding Medicare by lowering theeligibility age may sound compassionate,
the video shows how itrisks massive costs.
Expanding Medicare coulddisplace private coverage,
(04:11):
yet still fail to targetthose truly in need.
Chen notes that expanding an entitlementprogram like Medicare into perpetuity in
the hopes of expanding coverage to onlya few million individuals lacking adequate
insurance will increase costs andreduce coverage options for many millions.
Chen argues that creatingcompetitive markets that lower
the cost of health care andexpanding the availability of benefits and
(04:35):
is the better solution to expandingaccess to health coverage and care.
>> Speaker 1 (04:39):
Accounting for
City Size Minimum Wages Reduced Jobsalmost everywhere.
In a post for the Pro Marketblog published by the University
of Chicago Booth School of Business,visiting fellow David Newmark and
co authors share findings from theirrecent research into the effects of
minimum wage laws on employment.
The authors note that proponents of higherminimum wage laws have tended to base
(05:02):
their arguments on a smallnumber of studies and
claiming to show that higher minimumwages increase low wage employment or
more commonly,do not affect employment at all.
The authors write that their recentresearch shows, however, that this
evidence fails to account for the factthat in larger cities wages are higher and
as a result minimum wages are binding forfewer workers.
(05:25):
Newmark and co authors explain furtherthat once city size is accounted for,
quote, there is much less evidencethat a higher minimum wage can
increase employment in lesscompetitive labor markets.
>> Speaker 2 (05:36):
Featured from the Hoover Library and
Archives Student MovementsDigital Collection.
The Hoover Institution Library andArchives offers a digitized collection
of more than 700 objects relatedto student movements and activism.
Many items pertain to the InternationalUnion of Students, a former worldwide
association of university studentorganizations that's your Hoover Daily.
>> Speaker 1 (05:58):
Report for Monday, September 22, 2025.
Each weekday we bring you research,analysis and commentary focused on public
policy, national security, and the ideasshaping American society and government.
The Hoover Institution atStanford University is grounded
in constitutional principles with acommitment to sustaining the safeguards of
the American way of life.
(06:19):
Thank you for listening.
For links to all the articles andinterviews mentioned today,
visit Hoover.org/ HDR.
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