A classic parable of shared resources explains the woes besetting both the euro and U.S. debt. By Gary D. Libecap.
The common currency was doomed from the start. By Robert J. Barro.
A return to first principles: economic freedom leads to economic success. By John B. Taylor.
America’s founders paid off the states’ debts once—but only once. That wise example could benefit Europe today. By Thomas J. Sargent.
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.
In Chiang Kai-shek’s darkest hour, he turned to a retired U.S. admiral. By Hsiao-ting Lin.
Russians challenge the “deeply cynical caste” that has long ruled them. By Robert Conquest.
Hoover’s newest Nobel Prize winner discovered a way to put actual human beings back into economic theory. By Art Rolnick.
The Foreign Service needs fresh ideas for training American envoys. By Kori N. Schake.
Neither the New Deal nor the war pulled the economy out of its worst crisis. What did? Wiser policies. By Lee E. Ohanian and Harold L. Cole.