Tag: Russia

Imposing Costs on Russia: How about a Food Embargo? »

President Obama has threatened to impose costs on Russia for their intervention in Ukraine, but so far, his involvement has been high on rhetoric but low on action. Here’s a proposal that ought to hit Russia where it hurts: impose a food embargo on them. Americans and Europeans of a certain age can remember...
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Your Tax Dollars at Work at the Ex-Im Bank »

Following up on my nationally syndicated column on the pending re-authorization of the Export-Import Bank (“Let the Ex-Im Bank Fail”), the Financial Services Committee of the U.S. House of Representatives issued a press release on July 21, 2014, stating that “Two of the four Russian firms targeted with new sanctions announced last week by...
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Dining with Stalin »

“In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.” —Ludwig von Mises When I was driving to work earlier this week, I heard a fascinating story on...
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U.S. War on Poverty Failed While Global Poverty Declined 80%: Economic Liberalization Begets Prosperity and Equality »

50 years after LBJ declared a “War on Poverty,” the U.S. would do well to take a page from the global playbook—whereby economic liberalization and more open trade has resulted in an 80% decline in abject poverty since 1976. The graphs below, taken from the National Bureau of Economic Research Working Paper, “Parametric Estimations...
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The Republic of Georgia’s Uncertain Economic Future »

Over the past ten years the Republic of Georgia has seen a remarkable amount of economic progress. Twenty-one years ago, Georgia was one of the Soviet republics, and struggled economically after the break-up of the Soviet Union. Its economic turnaround came with the election of Mikheil Saakashvili as president in 2004. He fired all...
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The Stalinization of Amerika »

In the immediate aftermath of 9/11, rather than hold accountable and roll the heads of the bunglers at the U.S. intelligence agencies who failed to follow up on multiple reports of possible terrorist activity, students learning to fly but not land, and possible hijacking plots, such as— In a memo from the Phoenix FBI...
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How Policymakers Can Act Smarter: Simple Lessons about Complex Systems »

In my previous post I argued that low-income populations suffer disproportionately when lawmakers and bureaucrats fail to grasp that healthcare and other complex systems present special challenges. Now I would like to step back from particular examples and draw general lessons for policymakers trying to deal with complex systems. (I offer additional guidelines in...
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Regime Change Coming in the Republic of Georgia »

Economic and political reforms have had mixed results in the former Soviet republics following the breakup of the Soviet Union in 1991. One of the success stories is the Republic of Georgia. Elections held October 1 will replace the party responsible for that success, raising questions about Georgia’s future. Many of the former Soviet...
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Two Bearded Germans of the Nineteenth Century »

Today is May 1, also known as May Day, the holiday of holidays for communists, socialists, and other such purported champions of the working class. (Personal disclaimer: I was once a member of the working class, and these champions never did a damn thing for me, unless you credit them with somehow contributing to...
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Eisenhower and the Military-Industrial Complex »

A review of James Ledbetter, Unwarranted Influence: Dwight D. Eisenhower and the Military-Industrial Complex. New Haven and London: Yale University Press, 2011. 268 pp. $26.00. On January 17, 1961, President Dwight D. Eisenhower gave his final presidential speech, which turned out to be his most memorable by virtue of this warning: “In the councils...
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