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The New IMF Head Should Not Be Dictated By The Tired, Old, EU Order

by John B. Taylor, Raghuram Rajanvia Financial Times
Sunday, August 11, 2019

[Subscription Required] It is not easy to predict where financial stresses that require alleviation by the IMF will emerge next, or what form the mitigation strategies will take. Almost certainly, though, after a period of extremely easy liquidity and associated leveraging in financial markets, the call on IMF advice and resources will be greater than in the past. Its support will have to take new forms. It will also have to sell economic-policy packages to a governing body from an increasingly multipolar world.

Blank Section (Placeholder)Analysis and Commentary

The Power Of Retreat

by Angelo M. Codevillavia Military History in the News
Monday, August 19, 2019

On August 18, 1812, General Mikhail Kutuzov, 67 years old, took command of Russia’s army, which had been forced to retreat as Napoleon’s Grande Armée, the world’s best fighting force and three times its size, advanced into Russia. Destroying the Russian army was Napoleon’s objective. Preserving it had become the Russians’ proximate objective. 

In the News

What Did You Learn In School Today? Capitalism Is Racist

quoting Williamson M. Eversvia The Business Journal
Friday, August 16, 2019

You might have heard about the controversy generated by a draft of the state’s proposed ethnic studies curriculum, which has managed to draw criticism from educational leaders, Jewish groups, Armenians, Greeks, Hindus and Koreans (to name a few), according to the Los Angeles Times.

Analysis and Commentary

Deus Vincit

by Angelo M. Codevillavia Military History in the News
Friday, August 16, 2019

On August 6, 1682, the Ottoman Empire, at the height of its power, declared war on the Holy Roman Empire. Muslim domination of Europe extended from the Balkans northward through Hungary and reached into Poland. Westward, only Habsburg Vienna barred the way. Louis XIV, for his own reasons, preferred dealing with the Ottomans rather than with the Habsburgs. Were the Muslims to have been victorious, they might have ruled from the Mediterranean to the Baltic.

Analysis and Commentary

The New York Times Is Truly Messed Up

by David R. Hendersonvia EconLog
Friday, August 16, 2019

Although rightly rejected today, the Virginia-born Fitzhugh attained national prominence in the late antebellum period as one of the most widely read defenders of a slave-based economy. Charles Sumner called him a “leading writer among Slave-masters,” and his regular contributions to the pro-South magazine DeBow’s Review gained him a national readership in the 1850s.

In the News

Condoleezza Rice To Close PCMA’s Convening Leaders In San Francisco

featuring Condoleezza Ricevia Conference and Meetings World
Friday, August 16, 2019

Condoleezza Rice, the first African-American woman to hold the post of Secretary of State (2005-2009), will anchor the concluding session to 2020 PCMA Convening Leaders, which takes place 5-8 January 2020 in San Francisco, USA.

Analysis and Commentary

Want To Halt The Spread Of Socialist Ideas On American Campuses? Send All First-Year Students To Hong Kong For Orientation Week.

by Alvin Rabushkavia Thoughtful Ideas
Friday, August 16, 2019

Let’s send the Class of 2023 to Hong Kong for Orientation Week instead of the university to which they have been admitted.  Let American students meet with their Hong Kong counterparts to see why Hong Kong youngsters are on the front line risking life and limb for Liberty and standing up against socialist Tyranny in China.

In the News

GIESBRECHT: Reconsider Gladue Sentencing

quoting Thomas Sowellvia Winnipeg Sun
Friday, August 16, 2019

A recent Ontario court decision struck down the mandatory conviction for impaired driving of a woman because she is Indigenous. This highlights the urgent need to re-examine the wrong-headed light sentencing principles (Gladue) that now apply exclusively to Indigenous offenders.

In the News

Books For Beefing Up Business Security

featuring Condoleezza Rice, Amy Zegartvia Business Vancouver
Thursday, August 15, 2019

Political action can seriously affect businesses and attacks can come from multiple sources such as social media users, hackers and even local governments. Condoleezza Rice and Amy Zegart look at ways in which political activity can throw a company into crisis and what measures need to be taken to limit the damage. Whistleblowers and watchdog groups may also find this book of interest.

Featured

Central Bankers In Glass Houses

by Charles Calomiris quoting Stephen Haber, Milton Friedman, Allan H. Meltzervia The Wall Street Journal
Thursday, August 15, 2019

What to make of the current battle over the politicization of the Federal Reserve? The past year has featured an unprecedented attack by President Trump on Fed leaders and their independence. Mr. Trump not only questioned the board governors’ judgment but even contemplated removing the chairman for the sin of not setting interest rates where the president wants them. 

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