While the benefits of trade liberalization in the postwar period have been abundant, readers may be surprised to learn how secondary (or even nonexistent) consideration of such possible benefits were to U.S. policymakers. Rather, trade liberalization following World...
budget
Seoul Needs to Divorce Washington
by Ted Galen Carpenter | Aug 3, 2023 | Featured Articles, Foreign Policy
The bilateral military alliance between South Korea and the United States has become increasingly unproductive and needlessly perilous for both countries. Astute American analysts have argued for decades that the arrangement is not a good deal for the United States....
Our National Debt Isn’t Bad, It’s Worse
by Joseph Solis-Mullen | Aug 1, 2023 | Economics, Featured Articles
Those paying attention know the so-called “national debt” crossed the $30 trillion mark in late 2021 and has continued to steadily climb since. With trillion-dollar annual deficits having somehow been allowed to become the norm, less than two years later the number...
Boosted by COVID: The Improbable Rise of Presidential Candidate Robert F. Kennedy Jr.
by Jonathan Franklin | Jul 26, 2023 | Featured Articles, Politics
Robert F. Kennedy Jr. sipped coffee inside the historic New Hampshire State House as he chit-chats with a gaggle of the state’s political leaders about the travails of being dad to seven children. Kennedy described his shock upon finding credit card receipts that...
Enemies Above: The FBI and the Creation of the Brown Scare Myth
by Brandan P. Buck | Jul 19, 2023 | Featured Articles, Foreign Policy, History
"Today's threat to our national security is not a matter of military weapons alone. We know of new methods of attack. The Trojan Horse. The Fifth Column that betrays a nation unprepared for treachery." Such were the remarks from President Franklin Delano Roosevelt's...
US General Says Weapons Stockpiles ‘Dangerously Low,’ Calls for Production Boost
by Kyle Anzalone | Jul 17, 2023 | News
As Washington ships billions of dollars in arms to Kiev, a General is warning that American weapons stockpiles are becoming dangerously low. The Defense Department official called for the weapons industry to increase production. General James Hecker issued the stark...
Defending the Defensible: Free Trade and Economic Liberalism
by Joseph Solis-Mullen | Jul 13, 2023 | Economics, Featured Articles, Foreign Policy
In 1989, the economist John Williamson introduced the phrase “Washington Consensus” to the politico-economic lexicon. It was shorthand for a set of interrelated policies that, taken together, would free trade within states and between them while boosting overall...
North Korea Warns It May Shoot Down US Spy Planes
by Connor Freeman | Jul 10, 2023 | News
Pyongyang accused the US military of conducting provocative surveillance flights which infringe on its airspace and trespass in its exclusive economic zone on Monday. The Democratic People’s Republic of Korea (DPRK) admonished Washington that if such provocations...
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USS Liberty Incident Rises from the Ash Heap of Inconvenient History
Medal of Honor citation for Commander William L. McGonagle, USN, Commanding Officer, USS Liberty (AGTR-5) Thanks to Candace Owens for lifting this incident from the dead. One receives the Medal of Honor for engaging in a fight in enemy action. "For conspicuous...
Natural Economic Law Can’t Be Repealed
If the government restricts supply and subsidizes demand, out-of-control prices, resource shortages, and unpleasant ad hoc coping restrictions will follow. That is the natural (economic) law. The government cannot repeal it. But it can stop its attempt to plan.
Dumpsters Afloat: The Zumwalt Chronicles Continues
The weapons system removed from the Zumwalt They were going to build 30 and ended up building three of these dysfunctional monstrosities. Commissioned in 2016, it has only taken them eight years to retrofit the weapons system. The Navy's priorities have changed since...
Lawrence Premieres in London
On this day, 62 years ago, David Lean's "Lawrence of Arabia" (1962) premiered in London, UK. My favorite movie of all time. https://www.youtube.com/watch?v=ULsFcSpaVO0
The Health-Care Nirvana Fallacy
Someone explain how coercive centralized bureaucratic control of medical decision-making and the purse can beat the decentralized free market with its undistorted price system. The government has many things besides medical care it wants to spend tax money on, and...
DEI Kills: Boeing Bumbling on Parade Part CXXVII
Editor's Note: Just returned from business travel so my blogging frequency should bump up again. Boeing continues o provide legions of future business historians the fodder for hundreds of books and cautionary tales on how engineering can fall of a cliff once...
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