Deregulate the Banks!

Regulatory failure instead of a lax monetary policy bears the responsibility for the American housing bubble that produced the financial crisis of 2008, said Federal Reserve chairman Ben Bernanke this Sunday. Bernanke rejected accusations that the Fed contributed to the fostering of the recession and argued that the interest rates set by the bank between […]

Japan Must Get the F-35

Not too long ago, Richard D. Fisher Jr. writing for The Washington Times, argued in favor of letting Japan in on the groundbreaking F-22 fighter aircraft. Current American law prohibits Lockheed-Martin from selling the plane overseas. According to Fisher there were two good reasons for letting Japan have the Raptor. “First,” he wrote, “the F-22 […]

Bomb, Bomb, Bomb Iran?

Had we had another man for president this year, Iran’s nuclear facilities might well have been carpet bombed already. Certainly the United States would not have discouraged Israel from undertaking such a venture. But would it have been the smart thing to do? When even The New York Times advocates military action it must seem […]

Obama’s Real Test Year

Year’s end is near so journalists like to look back and beyond to what’s coming especially, it seems, for the Obama Administration. The president has had his fair share of “litmus tests” already: the overanalyzed “first hundred days” in office; his first foreign visits as head of state; the new Afghan war strategy; his Nobel […]

The Polluted Health Care Debate

The United States Senate sets to vote on a health-care bill over Christmas this Tuesday after what have been months of fierce political debate. As the opposition warned of “socialized medicine” and “death panels”, public support for “Obamacare” and the president himself understandably plummeted. Although America’s health care is among the most expensive yet one […]

Future Arctic Battleground

Global warming is rapidly changing the Arctic landscape. In the summer of 2008, for the first time in recorded history, the polar icecap retreated far enough to allow shipping north of Eurasia and North America; by 2013, these sea routes are expected to be completely ice free during the summer. The region promises more than […]

The End of American Ascendancy

After two decades of almost uncontested American hegemony, the sole superpower of our age is in decline. Or so we are told. The financial meltdown; the rise of China; the failed foreign policies of President Bush or Obama, depending on from which side of the aisle you approach the problem — all seem to indicate […]

Can Iran Be Contained?

Washington’s latest approach to the Iranian missile threat seems to be rather an old-fashioned one: isolating the problem (financially for instance) and attempting to destabilize it from within — in other words: containment. Danielle Pletka, vice president of foreign and defense policy studies at the American Enterprise Institute, writing for The Washington Post, isn’t having […]

Can We Win in Afghanistan?

Writing in July 2008, retired United States Army General Barry McCaffrey, a Gulf War veteran and critic of the initial American strategy in Iraq, assessed the war in Afghanistan and concluded the following. “Afghanistan is in misery.” Life expectancy is low and violence and crime are rampant. At the time, McCaffrey expected Afghan governance to […]