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Liberty Amplified

A Case for Market-Based Capitalism

Prosperity and freedom grow from competition under the rule of law—and fall together when that foundation cracks.

Ross Levine
.

Selected Featured Articles

Featured article cover: Why China’s Taking of Intellectual Property Matters—and What to Do Now

Why China’s Taking of Intellectual Property Matters—and What to Do Now

Beijing broke the bargain that built the WTO. The US and its allies must create new safeguards and agreements.

Hugo Bromley
,
Eyck Freymann
.

Won't You Be My Neighbor? Choices in the Americas

Through Darkness to Freedom

An exhibition focuses on the “sent-down youth” who survived, and escaped, Mao's Cultural Revolution.

Hsiao-ting Lin
.

Through Darkness to Freedom

Liberty Amplified

Cover image for article: The Rise of Transnational Financial Repression

The Rise of Transnational Financial Repression

Jorge Jraissati
,
Lyudmyla Kozlovska
.

Cover image for article: The Measure of Pluralism

The Measure of Pluralism

Levi Schiffer
.

Cover image for article: Lives that Defied Tyranny

Lives that Defied Tyranny

Eric Wakin
.

Cover image for article: For Afghanistan's Girls, a Dream Deferred

For Afghanistan's Girls, a Dream Deferred

Mahnaz Akbari
.

Cover image for article: Sport is Freedom for All

Sport is Freedom for All

Grace McGoran
.

Cover image for article: Stories to Oppose an Incomplete Truth

Stories to Oppose an Incomplete Truth

Dany Diaz Mejia
.

Cover image for article: An Opening for Cuban Democracy

An Opening for Cuban Democracy

Carolyn Kennedy
.

Cover image for article: Hope in Darkness: Teaching Lin Zhao in Hong Kong

Hope in Darkness: Teaching Lin Zhao in Hong Kong

Rowena He
.

Cover image for article: The Mirage of Victory

The Mirage of Victory

Carey Zott
.

Cover image for article: Women Who Cross Iran's Invisible Borders

Women Who Cross Iran's Invisible Borders

Mohadeseh Salari Sardari
.

Cover image for article: Why Authoritarians Target Women

Why Authoritarians Target Women

Malaina Kapoor
.

Cover image for article: Digital “Knapsack” Carries Tools to Foil Censors

Digital “Knapsack” Carries Tools to Foil Censors

Shokufeh Mahini
.

Cover image for article: Revolution without Headlines: Myanmar’s Forgotten Struggle

Revolution without Headlines: Myanmar’s Forgotten Struggle

Arkar Hein
.

Cover image for article: Memory as Resistance: Reading Lin Zhao at Hoover

Memory as Resistance: Reading Lin Zhao at Hoover

Rowena He
.

Cover image for article: Iranians Confront Big Brother

Iranians Confront Big Brother

Mobina Riazi
.

Cover image for article: Venezuela's Democratic Window

Venezuela's Democratic Window

Rómulo Perez
.

Cover image for article: A Guest of the Taliban

A Guest of the Taliban

Nader Nadery
.

Cover image for article: China's Christians Are America's Allies

China's Christians Are America's Allies

Elisa Zhai Autry
.

Cover image for article: Resistance Is Not Futile

Resistance Is Not Futile

Elbegdorj Tsakhia
.

From the Hand of Adam Smith

Letter #5: The First Exception

Ross Levine
.

Letter #4: Enemies of the Invisible Hand

Ross Levine
.

Letter #3: The Invisible Hand: How Millions Cooperate

Ross Levine
.

Letter #2: The Danger of Admiring the Wrong People

Ross Levine
.

Letter #1: "Why Do You Work So Hard?"

Ross Levine
.

Letter #8: Who’s the Judge Now?

Letter #8: Who’s the Judge Now?

An inner voice rules over your self-control. Don't let manufactured anger and tribalism drown it out.

Ross Levine
.

Letter #7: Taxation with Representation

Ross Levine
.

Letter #6: The One Thing No Free Society Can Survive Without

Ross Levine
.

Plot Points

Cover image for article: How Much of the Deficit Is Driven by Medicare?

How Much of the Deficit Is Driven by Medicare?

Payroll taxes don’t come close to covering its costs. And soon Medicare debt will dominate the deficit.

Tom Church
.

Cover image for article: How Much of the Deficit Is Driven by Social Security?

How Much of the Deficit Is Driven by Social Security?

Think Social Security is fully funded by your payroll taxes? Think again.

Tom Church
.

Cover image for article: Counting the Days

Counting the Days

Social Security and Medicare spending add up fast.

Daniel Heil
,
Tom Church
.

Cover image for article: The Mystery of the Vanishing Trust Fund

The Mystery of the Vanishing Trust Fund

Did Congress rob Social Security—and if not, where did the money go?

Daniel Heil
,
Tom Church
.

The Grumpy Economist Weekly Rant

Cover image for article: What Alexander Hamilton Knew About Debt

What Alexander Hamilton Knew About Debt

How honoring contracts helped build America’s financial reputation.

John H. Cochrane
.

Cover image for article: Who Really Pays for Trade Policy?

Who Really Pays for Trade Policy?

Why following the money is only the first step in understanding tariffs.

John H. Cochrane
.

Cover image for article: Gavin Newsom’s New Deal for AI

Gavin Newsom’s New Deal for AI

How fears of AI-driven unemployment are expanding the case for government intervention.

John H. Cochrane
.

Cover image for article: The Open Letter to Steer AI

The Open Letter to Steer AI

Why policymakers should not rush to regulate AI.

John H. Cochrane
.

GoodFellows

Cover image for article: Jay Bhattacharya on Restoring Trust in America's Scientific Institutions

Jay Bhattacharya on Restoring Trust in America's Scientific Institutions

H.R. McMaster
,
Niall Ferguson
,
John H. Cochrane
.

Cover image for article: Examining the Trump Slump and Communism vs. Capitalism

Examining the Trump Slump and Communism vs. Capitalism

John H. Cochrane
,
H.R. McMaster
,
Niall Ferguson
.

Cover image for article: 1776 and the Rejection of Empire, with Rick Atkinson

1776 and the Rejection of Empire, with Rick Atkinson

H.R. McMaster
,
Niall Ferguson
,
John H. Cochrane
.

Cover image for article: Trump’s 14 Points: Epic Fury or Epic Fail?

Trump’s 14 Points: Epic Fury or Epic Fail?

John H. Cochrane
.

China Considered Quick Takes

Cover image for article: China’s Iran Calculus

China’s Iran Calculus

How Beijing reads US power, regional disorder, and strategic opportunity.

Elizabeth Economy
.

Cover image for article: Sovereignty First: China’s Territorial Agenda

Sovereignty First: China’s Territorial Agenda

How Xi Jinping pursues territorial control without full-scale war.

Elizabeth Economy
.

Cover image for article: What Does China Want?

What Does China Want?

Xi Jinping’s global ambitions—and why China doesn’t want to replace the United States.

Elizabeth Economy
.

Cover image for article: China’s Venezuela Calculus

China’s Venezuela Calculus

What Beijing really weighs after US operation in Caracas.

Elizabeth Economy
.

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Joseph Ledford
.

Cover image for article: At the End of the Postwar World

At the End of the Postwar World

Victor Davis Hanson
.

Cover image for article: Masters of the AI Universe

Masters of the AI Universe

Andy Hall
.

Cover image for article: Five Choices for American Strategy Toward Europe

Five Choices for American Strategy Toward Europe

Jakub Grygiel
.

Hoover Fellows on Substack

John Cochrane

The Grumpy Economist with John Cochrane

Niall Ferguson

Niall Ferguson's Time Machine

H.R. McMaster

History We Don't Know with H.R. McMaster

Joshua D. Rauh

Liberty Lens with Josh Rauh

Andrew Hall

Free Systems with Andrew B. Hall

Paul Peterson

The Modern Federalist with Paul Peterson

Michael McFaul

McFaul's World

Ayaan Hirsi Ali

Restoring the West by Ayaan Hirsi Ali

Glenn Loury

The Glenn Show

Timothy Garton Ash

History of the Present with Timothy Garton Ash

I Blog to Differ with David Henderson

I Blog to Differ

Matt Turpin

China Articles with Matt Turpin

Russ Roberts

Listening to the Sirens with Russ Roberts

Tom Church

584 Vetoes with Tom Church and Daniel Heil

Patrick A. McLaughlin

Third Order with Patrick A. McLaughlin

Michael Auslin

The Pawtomack Packet with Michael Auslin

Josh Rauh

Fiscal Reality Check with Josh Rauh

Wiser Way

Wiser Way with Zachary Shore

Director's Desk

Cover image for article: Finding the Ideas—and the Confidence—to Weave the World Anew

Finding the Ideas—and the Confidence—to Weave the World Anew

The Hoover Institution launches the Economics and Security Commons initiative.

Condoleezza Rice
.

Cover image for article: Informed Minds—and Decisions—are Essential for Freedom and America’s Future

Informed Minds—and Decisions—are Essential for Freedom and America’s Future

A new edition of the Stanford Emerging Technology Review is online.

Condoleezza Rice
.

Cover image for article: Strengthening America's Education System to Secure Our Future

Strengthening America's Education System to Secure Our Future

The American Dream belongs to every schoolchild.

Condoleezza Rice
.

Cover image for article: A New Chapter for Ideas Advancing Freedom

A New Chapter for Ideas Advancing Freedom

Principled Solutions and Clear Thinking for a Complex World

Condoleezza Rice
.

Watch

What Alexander Hamilton Knew About Debt

How honoring contracts helped build America’s financial reputation.

John H. Cochrane
.

August 18, 2026

Founders & Fellows

The Artful Diplomat: Michael McFaul on John Quincy Adams

Michael McFaul
.

Words Shaping Freedom: Norman Naimark on Thomas Paine

Norman Naimark
.

The Privateer: Rose Gottemoeller on John Manley

Rose Gottemoeller
.

Team Player: Bill Whalen on John Dickinson

Bill Whalen
.

Revolution in Two Lands: Dan Edelstein on Lafayette

Dan Edelstein
.

Inglorious Visionary: Eyck Freymann on Tench Coxe

Inglorious Visionary: Eyck Freymann on Tench Coxe

He was disliked, overlooked, indispensable—and right about economic security.

Eyck Freymann
.

The Educated Republic: Scott Atlas on Thomas Jefferson

Scott W. Atlas
.

Featured Series

Topic image for The Grumpy Economist Weekly Rant

The Grumpy Economist Weekly Rant

Topic image for Plot Points

Plot Points

Topic image for Director's Desk

Director's Desk

Topic image for Liberty Amplified

Liberty Amplified

Topic image for China Considered Quick Takes

China Considered Quick Takes

Topic image for From the Hand of Adam Smith

From the Hand of Adam Smith

Topic image for GoodFellows

GoodFellows

Remaking the World: Andy Hall on Thomas Paine

Andy Hall
.

The Commons Dispatch

Critical Choices in the Indo-Pacific

Mira Rapp-Hooper
.

A Case for Market-Based Capitalism

Ross Levine
.

The American Example

Philip Zelikow
.

Lessons for Designing a Better Trading System

Lessons for Designing a Better Trading System

Where WTO went wrong, GATT got it mostly right, using flexibility and diplomacy to settle disputes.

Alan O. Sykes
.

Two insights from Geoeconomics Research

Chistopher Clayton
,

Matteo Maggiori

,

.

Cover image for article: Why China’s Taking of Intellectual Property Matters—and What to Do Now

Why China’s Taking of Intellectual Property Matters—and What to Do Now

Hugo Bromley
,
Eyck Freymann
.