If the United States cannot get its fiscal house in order, the dollar’s privileged position as the world’s reserve currency may be at risk—at a time when there seem to be few if any plausible alternatives.
Asia has, in its moments of crisis, been forced to open up to the West before. These openings have been attended by an interesting kaleidoscope of moods, their usual pattern neatly captured in the life of just one man, both hero and anti-hero of t
After 9/11 our leaders tried to wrap American security in a blanket of bureaucracy. They should have empowered local law enforcement and they still can.
