Fiscal Fault Lines
A risk-based case for taking inflation and the national debt more seriously
A risk-based case for taking inflation and the national debt more seriously
Fawzi al-Zubaidi writes: The key structural obstacles for security reform facing the government of Sudani include the lack of political consensus and conflicts, the ambiguity of the political future of the Sudani government, rampant corruption, the sagging administrative system in Iraq, and the absence of professional co-ordination among the national security institutions. Nevertheless, although the obstacles are many and the proposed reforms expansive and complex, whether Iraq can implement these reforms will determine whether Iraq’s national security sinks or swims amidst increasingly dire regional and global contexts. – Washington Institute Seth J. Frantzman writes: As the crisis continues, Hezbollah continues to entrench. It continues to build watchtowers and fortifications in southern Lebanon and to threaten Israel, which is carrying out large-scale military drills with US Central Command this week. Hezbollah knows that it must tread carefully – and benefits from the vacuum of power at the heart of Beirut. – Jerusalem Post Seth Cropsey writes: It is a matter of supreme importance that we deploy hypersonic weapons at scale — and in a variety of platforms — as rapidly as possible. Congress should encourage the Pentagon to accept testing risks and push rapid operational deployments. The ARRW, in particular, should be fully funded for procurement, not just RDT&E. More generally, Congress should ensure that hypersonics are not a casualty of misguided fiscal prudence or progressive domestic priorities. – The Hill Mackenzie Eaglen writes: Returning to 2022 spending levels for 2024 is much more than a $75 billion cut for the US military. The House GOP is proposing a defense cut well north of $100 billion once more accurate inflation data is available. The result of this short-sighted and unserious proposal would be near immediate and create a “force that is measurably smaller and less capable than the one we have today.” – 19fortyfive
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TERROR FINANCING
FOUNDATIONS OF ECONOMICS
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SERGEY ALEKSASHENKO FORMER RUSSIAN CENTRAL BANKER
THE GRUMPY ECONOMIST
ROBERT SAMUELSON WASHINGTON POST
JOHN B. TAYLOR ECONOMICS ONE BLOG
MILTON FRIEDMAN COLLECTED WORKS HOOVER
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KEYNES VS. HAYEK RAP
KEYNES VS. HAYEK RAP ROUND 2
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