It has long been said that there are wars of necessity and wars of choice. But enemies always adapt, especially in our world of terrorists, failing states and delinquent regimes. Every war is a war of choice.
President Obama came to office promising a new era in international affairs. So far, he’s been big on rhetoric and has accomplished little. Obama’s inability to prioritize foreign policy risks destroying his presidency.
As the Great Recession gnaws at our very belief in the ability of capitalism to raise us to ever-escalating levels of wealth and prosperity, Keynes's no-longer-viable financial prescriptions are being resurrected.