Has the Fed lost its way? Hoover Visiting Fellow Kevin Warsh thinks it has and offers solutions on how to fix it.

Kevin Warsh is the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution, a partner at Duquesne Family Office LLC, the investment firm of Stanley Druckenmiller, a former governor at the Federal Reserve, and on the short list of candidates to be the next chairman of the Federal Reserve.

In this conversation, Warsh offers a candid, in-depth critique of the US central bank’s recent performance. Drawing on his firsthand experience during the 2008 financial crisis and his continuing work as a macro investor and Hoover Institution fellow, Warsh argues that the Fed has strayed from its core mandate of price stability. He discusses the dangers of inflation, the legacy of quantitative easing, and the institution’s growing entanglement with fiscal policy. Along the way, Warsh revisits the insights of Milton Friedman, Paul Volcker, and Alan Greenspan, warns against institutional complacency, and outlines a vision of reform—not revolution—for the Fed. Despite the turbulence, Warsh remains bullish on America’s economic future, driven by innovation, productivity, and the enduring dynamism of its people.

Recorded on May 28, 2025.

In this wide-ranging conversation, Supreme Court Associate Justice Samuel Alito discusses the principles that guide his judicial philosophy. From his majority opinion in Dobbs v. Jackson to his views on originalism, precedent, and the role of the courts in American democracy, Alito offers a candid defense of the Constitution as a fixed and enduring document. He explores the meaning of the Equal Protection Clause, the limits of judicial power, and the tensions surrounding race-conscious policies. Justice Alito also reflects on the practical realities of the Court and the deeper meaning of constitutional interpretation, speaking with clarity, conviction, and with an eye toward the long view of American jurisprudence.

Recorded on June 6, 2025.

Peter Robinson interviews Speaker of the House Mike Johnson about the contentious passage of the “One, Big, Beautiful Bill,” a sweeping budget reconciliation measure crafted to implement core elements of the Trump agenda. Johnson defends the bill against criticism from Elon Musk and others, arguing it delivers historic tax cuts, $1.6 trillion in savings, and crucial investments in border security and national defense. The conversation delves into the arcane rules of Congress, the realities of leading a narrow majority, and the significance of the DOGE (Department of Government Efficiency) effort—driven in part by Musk—to root out waste and fraud. Johnson positions the legislation not only as fiscally responsible but also as a turning point in restoring constitutional governance and federal oversight.

Recorded on June 5, 2025.

Peter Robinson speaks with Dr. Jay Bhattacharya, a former Stanford professor and epidemiologist, and the newly appointed director of the National Institutes of Health. Once labeled a “fringe epidemiologist” by the previous administration at NIH, he now leads the world’s largest biomedical research agency and its $50 billion annual budget.

Their conversation explores the structural flaws in America’s public health institutions, including the replication crisis, the culture of scientific risk aversion, and the NIH’s growing failure to address the rise of chronic disease. Dr. Bhattacharya outlines his vision for reform—emphasizing transparency, innovation, and restoring public trust in science. He also addresses the politics of scientific funding, the need for better vaccine evaluation standards, and the rationale behind the administration’s new restrictions on gain-of-function research.

It is a candid and thoughtful discussion with a scientist now tasked with reshaping the very system he was once attacked by.

Recorded on May 21, 2025.

In this wide-ranging and richly entertaining conversation, novelist and political satirist Christopher Buckley joins Peter Robinson for a reflection on writing, legacy, friendship, and grace. From their early days as speechwriters for George H. W. Bush to Buckley’s prolific career as an author of more than 20 books—including Thank You for Smoking and Steaming to Bamboola—the two longtime friends revisit the formative moments, literary inspirations, and unforgettable characters that shaped Buckley’s life and work.

Buckley offers sharp, often hilarious insight into the craft of satire, the absurdities of Washington politics, and the cultural shifts in American media and manners. The conversation also turns poignantly to Buckley’s late parents, Patricia and William F. Buckley Jr., his transition from political fiction to historical novels, and the enduring influence of figures like Ronald Reagan and George H. W. Bush. Woven throughout is a deep appreciation for civility, wit, and the lost art of gentlemanly discourse—an ethos embodied by the towering figures of a previous generation, now honored in memory.

With warmth and self-deprecating humor, Buckley closes the interview by discussing his father’s typewriter (which Christopher has donated to the Hoover Institution Archives), on which William Buckley composed the National Review's formative mission statement: to “stand athwart history and yell stop”; and by reading from the epilogue of Steaming to Bamboola, offering a quietly moving meditation on departure and legacy.

Recorded on March 13, 2025

Economist and author Thomas Sowell makes his long-awaited (and oft requested) return to Uncommon Knowledge with Peter Robinson to unveil his newest project: a website titled Facts Against Rhetoric, a powerful resource dedicated to empirical thinking and intellectual clarity. In this interview, Sowell explores some of the most urgent issues in American life—from the collapse of educational standards to the unintended consequences of affirmative action, the impact of tariffs, and the erosion of family and cultural structures within Black communities.

Drawing on a lifetime of scholarship and lived experience, Sowell revisits the remarkable but forgotten progress made by African Americans in the century following the Civil War, dismantles myths surrounding capitalism and inequality, and challenges dominant narratives in academia and media. With clarity, wit, and intellectual honesty, Sowell calls for a return to a culture that values facts over feelings—and results over intentions.

Recorded on April 1, 2025

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Frank Dikötter is a senior fellow at the Hoover Institution who has recently returned to the United States after living in Hong Kong since 2006. In this provocative conversation, Dikötter challenges the prevailing narrative about China’s rise. Drawing from his latest book, China After Mao: The Rise of a Superpower, Dikötter argues that the Chinese Communist Party has masterfully projected the image of a powerful, modern, and economically dominant nation—but says that image is largely a façade.

Dikötter contends that far from being a true superpower, China remains fundamentally fragile: an empire held together by repression, propaganda, and paranoia. Despite gleaming cities and impressive-seeming economic statistics often cited by the West, he asserts that much of China’s so-called growth has been built on the backs of an impoverished population, often without its consent or benefit. He further explains how inflated numbers, hollow institutions, and internal contradictions undermine China’s long-term strength. In his view, the Chinese Communist Party (CCP) hasn’t lifted hundreds of millions out of poverty—it has merely stepped aside as ordinary people began reclaiming their autonomy after decades of devastation under Mao.

Dikötter delves into how the CCP’s fear—of its own citizens, of capitalism, of peaceful evolution—has driven decisions for decades. Dikötter also draws parallels with the Soviet Union and suggests that, like the USSR’s, China’s power is brittle beneath the surface. Xi Jinping, he argues, is not a break from tradition but a continuation of the Party’s long-standing obsession with control.

This conversation calls into question not only China’s global ambitions but also how the West has consistently misread the CCP’s intentions and capabilities. Ultimately, Dikötter leaves us with a stark question: Are we overestimating China’s strength—and underestimating its fear?

Recorded on March 27, 2025.

Niall Ferguson, preeminent historian and Milbank Family Senior Fellow at the Hoover Institution, joins this episode of Uncommon Knowledge with Peter Robinson to discuss the war and ongoing stalemate in Ukraine; the Trump administration’s foreign policy and negotiations with Russia; and the broader geopolitical landscape, including the shift in Europe’s defense posture as the US signals a reduced commitment to NATO.

Throughout the conversation, Ferguson explores historical analogies to better understand Ukraine’s position, using comparisons to South Korea and South Vietnam. He discusses China’s backing of Russia and its role in what he calls Cold War II, highlighting the long-term implications of this growing alliance. The discussion also covers the shock strategy deployed by Trump and Vice President JD Vance to pressure Europe into taking more responsibility for its own defense, a move that Ferguson believes has finally awakened European leaders to their countries’ security needs.

Beyond Ukraine, the conversation shifts to the larger economic and military vulnerabilities of the United States, particularly in relation to China. Ferguson argues that America is no longer in a position of overwhelming strength and draws parallels between the US today and Britain in the 1930s: both as declining empires facing an emboldened adversary. He warns that while Trump’s realpolitik approach may be a necessary adaptation to America’s strategic limitations, its success remains uncertain. The discussion ultimately raises the question of whether this strategy will prevent a major conflict or, conversely, accelerate the decline of American global primacy.

Recorded on March 14, 2025