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Featured Articles
April 6, 2012
Herbert Hoover's Road Not Taken
Image credit: Taylor Jones
Completed forty-eight years ago, his magnum opus appears at last. George H. Nash discusses its insights into our thirty-first president. By Charity Nebbe.
April 6, 2012
Europe's Only Choice
No longer able to devalue its way to competitiveness, Europe can save itself in just one way: reforming its welfare states. By Michael J. Boskin.
April 6, 2012
The Arab Spring: What We Know Now
Image credit: Taylor Jones
One year later, much of the conventional wisdom about the uprisings has been proven wrong. By Fouad Ajami.
On the cover:
The nineteenth-century novelist Stendhal praised Pont-en-Royans, a pretty cliffside town along the Bourne in southeast France. Towers, hanging houses, and alpine sunlight adorn this railway travel poster from 1923, one of a series inviting travelers to explore every corner of France. In contrast to this peaceful view of a picturesque river town, the artist who painted the poster led an eventful life that included infantry battles, going aloft in flimsy warplanes, and imprisonment by the Gestapo. Click here to read the full story.
Table of Contents
April 6, 2012
Getting Back on Track
A return to first principles: economic freedom leads to economic success. By John B. Taylor.
April 6, 2012
Dead Hand of the Living Wage
Mandating a minimum income would only distort costs and gum up the labor market. By Richard A. Epstein.
April 6, 2012
Scrap the Euro Now
Image credit: Taylor Jones
The common currency was doomed from the start. By Robert J. Barro.
April 6, 2012
Europe's Only Choice
No longer able to devalue its way to competitiveness, Europe can save itself in just one way: reforming its welfare states. By Michael J. Boskin.
April 6, 2012
Tradegy of the Commons, in Two Acts
Image credit: Taylor Jones
A classic parable of shared resources explains the woes besetting both the euro and U.S. debt. By Gary D. Libecap.
April 6, 2012
Let the Market Work
When a government enacts stimulus programs and manipulates asset prices, it can only buy time. By Kevin M. Warsh.
April 6, 2012
Wishful Thinking Isn't Economic Analysis
Sunny, simplistic views of taxes, imports, and wages—welcome to “do it yourself” economics. By Mark Harrison.
April 6, 2012
Independents' Day
Image credit: © Reuters/Brian Snyder
Win over those “none of the above” voters, and you win the White House. By David W. Brady and Douglas Rivers.
April 6, 2012
The Third-Party Temptation
Image credit: Taylor Jones
Factions and futility. That’s what third parties produce. By Paul E. Peterson.
April 6, 2012
The Arab Spring: What We Know Now
Image credit: Taylor Jones
One year later, much of the conventional wisdom about the uprisings has been proven wrong. By Fouad Ajami.
April 6, 2012
Secure Solution
Image credit: ©UPI/Roger L. Wollenberg
The offshore detention facility is safe, humane—and indispensable. By Edwin Meese III.
April 6, 2012
The Next Ten Years
Image credit: © Philadelphia Inquirer/Peter Tobia
Regardless of its standing in earlier years, Guantánamo now represents a model of due process in the war on terror. By Benjamin Wittes.
April 6, 2012
Taking on the Apparatchiks
Image credit: ©Agence France-Presse/Andrey Smirnov
Russians challenge the “deeply cynical caste” that has long ruled them. By Robert Conquest.
April 6, 2012
The Next Russian Revolution?
Image credit: ©Reuters/Denis Sinyakov
The Soviet Union has been gone for twenty years, but the people of Russia are only just awakening. By Robert Service.
April 6, 2012
Ending the Double Game
Image credit: Taylor Jones
Despite lavish aid and special treatment, Islamabad is an ally in name only. Washington needs to stop playing along. By Stephen D. Krasner.
April 6, 2012
On the Cesium Road
Image credit: Taylor Jones
Japanese feel angry and ignored, prisoners of both radiation and bureaucracy. By Toshio Nishi.
April 6, 2012
Threat for Threat
Image credit: Taylor Jones
How South Korea might deter its nuclear neighbor without going nuclear itself. By Dimitri Landa.
April 6, 2012
Living with the U.N.
Image credit: ©Agence France-Presse/Albert Gonzalez
The world body cannot escape from its own persistent and severe limitations, but perhaps the United States can. By Kenneth Anderson.
April 6, 2012
Are Too Many People in Prison?
Putting lawbreakers behind bars is one way to cut crime, but it’s hardly the only way. Why we need to consider a different approach. By Gary S. Becker.
April 6, 2012
How Green Is My Folly
European lawmakers want to protect their favorite regulations—effective or not, now and forever. By James Huffman.
April 6, 2012
The Picture of Health
Patients are not the same around the world, and neither are health outcomes. Let’s put U.S. health care into its proper, and superlative, light. By Scott W. Atlas.
April 6, 2012
Back to the (Uncertain) Future
Image credit: Taylor Jones
Proposals to cut deeply into the Pentagon budget carry risks that the administration has yet to confront. By Kori N. Schake.
April 6, 2012
Restraint is Powerful
Image credit: U.S. Army/Sgt. Kani Ronningen
Do our strict codes of conduct unduly burden our soldiers in the field? Not according to this officer. A first-person account of events in Iraq. By Joseph McGee.
April 6, 2012
A Boot Camp for Citizenship
Image credit: Taylor Jones
Civics education must not be indoctrination, but it also must not be overlooked. By Peter Berkowitz.
April 6, 2012
Dependent No More
New technologies have produced a boom in oil and natural gas right here in the United States—and given us a chance to liberate our foreign policy. By Victor Davis Hanson.
April 6, 2012
When Subsidies Fizzle
Image credit: Taylor Jones
In the development of renewable energy, the market has to take the lead. By Jeremy Carl.
April 6, 2012
Herbert Hoover's Road Not Taken
Image credit: Taylor Jones
Completed forty-eight years ago, his magnum opus appears at last. George H. Nash discusses its insights into our thirty-first president. By Charity Nebbe.
April 6, 2012
A Lesson for Europe
America’s founders paid off the states’ debts once—but only once. That wise example could benefit Europe today. By Thomas J. Sargent.
April 6, 2012
Eric Hoffer, Genius—And Enigma
Image credit: Taylor Jones
His early years remain obscure, but the postwar writings and influence of the Longshoreman Philosopher proved incandescent. By Tom Bethell.
April 6, 2012
Shooting the Bolsheviks
Image credit: Hoover Archives
Amid the ruins of the Great War, an American camera crew filmed a shocking sight. That roll of celluloid has taken a strange trip through history. By Bertrand M. Patenaude.
April 6, 2012
Taiwan's Secret Ally
Image credit: Hoover Archives
In Chiang Kai-shek’s darkest hour, he turned to a retired U.S. admiral. By Hsiao-ting Lin.