N.Y. Fed President: Do More – Wall Street Journal A top Federal Reserve official suggested Monday that the central bank could take further action to try to boost economic growth, including more securities purchases. – Wall Street Journal Coalition Government in Italy Could Collapse – Financial Times Duncan: Keep Kids in School Longer – The [...]

Successive U.S. administrations are supposedly so committed to democracy that they are willing to go to war to make men (and women!) free.  At least, that is the theory.  But what happens when tyrants sell oil?  Well, never mind.  Who needs democracy when you have a wonderful monarchy on your side! The Saudi crown prince [...]

It's been more than seven years, but the Iraq war appears to finally be over.  At least America's role in it. Barring a last minute reversal, which always is possible–the Pentagon desperately wants to preserve a military presence in Iraq–U.S. military forces will come home by the end of the year.  Washington will maintain an outsize embassy, built [...]