The European debt debacle has made a mockery of the original hopes that inspired the European project. The EU may not survive the current crisis—and even if it does, it could be a severely diminished organization.
The IMF has become little more than an abettor of bad policymaking. To avoid the next meltdown, the IMF must become a global advocacy group. Diplospeak is out; punchy prose and clear policy recommendations are in.
America’s debt is ballooning. Runaway inflation threatens our creditors. Faith in the almighty dollar is wavering. Soon a global reserve, complete with its own currency, will land the final blow against the dollar. But contrary to popular opinion,
The America-China symbiosis cannot be overstated. Beijing’s willingness to buy U.S. debt allowed us to live on credit, while our purchase of Chinese goods propelled their meteoric rise. But as the financial markets have soured, some in the United
Anti-interventionists allege our leaders traded a strong, austere republic for a weak and sprawling empire predicated on a military might that could not match our own ambitions. This narrative negates real threats and real victories.
Beyond the latest rows, institutional paralysis and financial incompetence, the scars of war have plainly not all been healed. Is there a deeper collapse of European self-confidence?
