US Federal Reserve Commentary

Patience and the Currency Wars

The blunderbuss approach to U.S.-China economic relations makes no sense.

Bankrupt Empire

Washington’s massive debt will force America to abandon its role as global hegemon.

A Man of the Left

Democrats should stop calling President Obama a turncoat—his policies are pretty liberal.

The Next Depression?

As the U.S. economy slows and the dollar loses value, Washington faces a tough choice: letting the market right itself or succumbing to the rising protectionist tide. Will policy makers act responsibly or try to score cheap political points?

Jacob's Jottings: Tell Me How this Ends

En route to Baghdad in 2003, General David Petraeus asked a reporter to “tell me how this ends.” Five years later, that’s still up in the air.

Death and Taxes

Rhetoric aside, none of the candidates will really be able to avert an economic downturn. With Obama pushing the connection between the economy and the Iraq war, perceptions could make all the difference come November.

Response to Nikolas Gvosdev: A Western-style Two Party System, Not 'Managed Democracy' is Georgia's Only Hope

Writing in last week's In the National Interest, Nikolas Gvosdev goes further than most analysts in telling the truth about developments in Georgia since last November's Rose Revolution.

Understanding Entrepreneurs

Entrepreneurs are unique people.

Dual Deterrence: A New Taiwan Strategy

After an extremely narrow reelection victory, Taiwanese president Chen Shui-bian has revealed his true colors, indicating he will continue to advance the cause of Taiwan's independence.

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May 26, 2012