Global Economy

The World’s New Outlaws

With America’s presence in the world receding, regional hegemons flex their muscles. by Victor Davis Hanson // National Review Online  The American custodianship of the postwar world for the last 70 years is receding. Give it its due: The American super-presence ensured the destruction of Axis fascism, led to the eventual defeat of Soviet-led global Communism, […]

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Obama’s Munich

by Bruce S. Thornton // FrontPage Magazine  The interim agreement negotiated by the Security Council and Germany with Iran is a serious advance toward what Winston Churchill called the Munich agreement: “a total and unmitigated defeat” and a “disaster of the first magnitude.” Nothing in the agreement guarantees that Iran will fulfill its promises, or that inspectors will be allowed

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The Ahistorical Krugman

by Victor Davis Hanson National Review Online Paul Krugman weaves a fantasy tale of how high taxes, big unions, and government regulations created a booming 1950s economy — the implication being that in reactionary fashion we can now in a second term return to our heyday under Obama’s envisioned union support, growth in government, tax hikes, and

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The New Reactionaries

by Victor Davis Hanson National Review Online Starting in the 1930s and continuing after the war, the Democrats offered a liberal critique of, or perhaps enhancement to, the Republican vision of rugged individualism. A modern American state now had the capital and the moral ambition to smooth the rougher edges of capitalism by insisting on

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‘Austerity’ versus ‘Growth’

by Victor Davis Hanson National Review Online Who would not prefer “growth” to “austerity”? That is the false dichotomy that insolvent Western governments, both here and abroad, are now constructing. After all, everyone prefers growing things to starving them. Yet in truth, there is no such clear-cut choice. Share This

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