The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises.

The USSR had thrived during the nuclear revolution of the 1950s, matching America's ability to produce powerful missiles and destructive warheads. But accuracy eluded the USSR. Precision strike was produced by miniaturizing computing power, so it was limited by the capacity of the computer chips crammed into the nose of each missile. The Soviets faced fundamental challenges in their ability to fabricate tiny circuits.

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Understanding the Federal Budget and Moving toward Economic Prosperity.

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The Need for Entitlement Reform.

Paul Ryan is a straight shooter, and health care is his target. An interview with Peter Robinson.

The Nobel economist says the health-care bill will cause serious damage, but that the American people can be trusted to vote for limited government in November. . . .

Increasing the share of private income in GDP is the quickest path to higher growth. So long as the network of enterprise socialism enjoys its subsidy and self-subsidy powers, Russia will be hard pressed to turn in sustained high growth.

To this day, neither the IMF or other transition scholars have yet proposed any real reform of Russia's banks. Rather, they, as exemplified in this most recent IMF paper, choose to reiterate shopworn cliches, and then wonder why Russia's banks, and its economy in general, remain in need of reform.