Don’t worry about the national debt on February 19, 2018If something cannot go on forever, it will stop, said Herbert Stein, President Nixon’s chairman of the Council of Economic Advisors. America’s national debt has grown from 32 percent of GDP in 1981 to 68 percent in 2008 and 108 percent in 2017. The national debt is high, and some components are growing on autopilot. […]
Gauging the impact of economic sanctions on December 10, 2017Carl von Clausewitz thought of military war as a continuation of diplomacy through other means. Economic sanctions are economic war and should be similarly regarded as tactics subordinated to a diplomatic strategy. Economic sanctions take many forms. The 1961 quarantine of Cuba targeted the whole country, but the 2014 Russia sanctions singled out a few […]