In 2012, building off work first published in 2010, the Resolution Project proposed that a new Chapter 14 be added to the Bankruptcy Code, exclusively designed to deal with the reorganization or liquidation of the nation's large financial institutions.
The War That Must Never Be Fought borrows its title from President Ronald Reagan's State of the Union message of 1984 in which he declared "a nuclear war cannot be won and must never be fought.” He was prepared to challenge theories about nuclear deterrence, which were even then outdated. The essays in this book reveal how much more complex the issue that Reagan raised has become.
During the twentieth century, foreign-exchange intervention was sometimes used in an attempt to solve the fundamental trilemma of international finance, which holds that countries cannot simultaneously pursue independent monetary policies, stabilize their exchange rates, and benefit from free cross-border financial flows.
The United States today is hopelessly polarized; the political Right and Left have hardened into rigid and deeply antagonistic camps, preventing any sort of progress. Amid the bickering and inertia, the promise of the 1960s—when we came together as a nation to fight for equality and universal justice—remains unfulfilled.
Ronald Reagan's Cold War strategy, well established in his first year in office, did not change: to make absolutely sure in the minds of the Soviets that they too would be destroyed in a nuclear war—even as Reagan sought an alternative through strategic defense to make nuclear missiles obsolete and thus eliminate the possibility of an all-out nuclear war.
The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways.
In this collection of bold and wide-ranging essays, Fouad Ajami offers his views on the Middle East, commenting on the state of affairs in Iraq, Iran, Syria, Egypt and more. He brings into focus the current struggles of the region through detailed historical standpoints and a highly personal perspective.
The depth of Hoover’s scholarship is reflected in the numerous books published by our fellows on a broad variety of topics and issues. This timely and prodigious output offers insight on the most pressing issues in public policy.