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Currency Trading Is in Chaos — It’s Time to Reconsider the Gold Standard

Trade theorist Paul Krugman, imperious in his Nobel crown; Christine Lagarde of the International Monetary Fund; some 370 economists including 19 Nobel Laureates; and even David Stockman, formerly of the Reagan White House, all agree: President Donald Trump is a menace to world trade and prosperity. As a free-trading supply sider, I once shared these fears. However, I was wrong. Read More ›

The Future of Defense

A Beltway commission is not without honor. Save perhaps among those whose activities it’s trying to reform. Whatever else can be said about America’s post-Cold War defense dilemmas, they’ve spawned no shortage of official studies. BFS, BUR, CORM, QDR I, NDP, NSSG, QDR II . . . all adding up to a fine example of the Military Law of Inverse Read More ›