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The Dangers Of Endless Quantitative Easing

by Raghuram Rajanvia Project Syndicate
Monday, August 2, 2021

With asset prices so frothy, it is understandable that central banks would be wary of beginning to taper monthly bond purchases before it is clear that inflation has taken off. But they would do well to recognize that prolonging quantitative easing implies significant risks, too.

Blank Section (Placeholder)Analysis and Commentary

What Would Bismarck Think?

by Barry Straussvia Military History in the News
Thursday, July 29, 2021

Otto von Bismarck (1815-1898), dubbed the “Iron Chancellor,” was one of modern history’s masters of Realpolitik. As Prussia’s minister-president, he executed the “blood and iron” war policies that resulted in 1871 in Germany’s long-desired unification.

Analysis and Commentary

VW’s Dilemma In Xinjiang Shows How The West Is Headed For An Ethical Car Crash

by Timothy Garton Ashvia The Guardian
Wednesday, July 28, 2021

Europe and the US are economically dependent on China now – and ‘change through trade’ is no longer on the cards

Blank Section (Placeholder)Analysis and Commentary

A Green Light For Russian Hegemony

by Paul R. Gregoryvia Defining Ideas
Monday, July 26, 2021

The US-German decision not to block Nord Stream 2 pipeline clears the way for Putin to tighten his grip on Ukraine and defy Europe.


Biden’s Surrender To Merkel On Nord Stream 2

by Kiron K. Skinner, Russell A. Bermanvia Foreign Policy
Monday, July 26, 2021

His support for the pipeline abandoned a bipartisan consensus, got nothing in return, and made the world less secure.

Analysis and Commentary

James Heckman On Inequality And Economic Mobility

interview with Russ Robertsvia EconTalk
Monday, July 26, 2021

Economist and Nobel Laureate James Heckman of the University of Chicago talks about inequality and economic mobility with EconTalk host Russ Roberts. Drawing on research on inequality in Denmark with Rasmus Landersø, Heckman argues that despite the efforts of the Danish welfare state to provide equal access to education, there is little difference in economic mobility between the United States and Denmark. 

Analysis and Commentary

A Pipe Dream Comes True

by Josef Joffevia American Purpose
Friday, July 23, 2021

Joe Biden hands Angela Merkel a nice farewell present by caving on Nord Stream 2. The Berlin-Moscow deal is not just about gas and cash. It affirms a tacit strategic relationship that dents the containment of Russian ambitions.

UnArchived: Lessons From the PastFeatured

Credible Commitments: A Key To Economic Progress

by Barry R. Weingastvia PolicyEd
Wednesday, July 21, 2021

England’s Glorious Revolution of 1688 demonstrates why countries that make a credible commitment to protect property rights ultimately prosper.

Blank Section (Placeholder)Analysis and Commentary

Conflict In The Eastern Mediterranean

by Barry Straussvia Military History in the News
Wednesday, July 21, 2021

This is a story of the sea. It comes from the place where sea stories began, the Mediterranean realm of Homer’s Odyssey and of the naval battles of Salamis and Actium. It’s a story of pluck and ingenuity but also of the dramatic changes that technology is bringing to war, from the skies above to the seas below.


Empty Threats And Warnings On Cyber

by Jack Goldsmithvia Lawfare
Monday, July 12, 2021

On July 9, President Biden warned Russian President Vladimir Putin that the United States will take “any necessary action,” including imposing unspecified “consequences,” if Russia does not disrupt ransomware attacks from its soil.