That is the title of this press release by Senator Jeff Merkley, announcing a resolution “calling for Congress to have a role in approving any further United States military involvement in Afghanistan after the current mission ends on December 31, 2014.”
The massive increases in risky mortgages and thin bank capital requirements underlying the financial crisis wouldn't have been possible without the Fed’s willing participation. But the Fed doesn't act alone. In this adaptation of their forthcoming book, Charles Calomiris and Stephen Haber argue that the Fed is the product of legislation and politicking that have made the banking system fragile by design. Continue reading →
Leon Trotsky's brutal assassination by a Stalinist agent in Mexico in August 1940 might seem an unlikely wellspring for fiction, but it has inspired more than one novelist in recent years. Barbara Kingsolver's "The Lacuna," published in 2009, centered on an aspiring writer, a Mexican-American, who is shown joining Trotsky's Mexican household as it braces for the Kremlin's assault. In the same year, in Spanish, Leonardo Padura's "The Man Who Loved Dogs" was published, making its central figure the real-life assassin himself, Ramón Mercader. That novel is just now appearing in an English translation, alongside, coincidentally, John Davidson's Trotsky-themed "The Obedient Assassin."