Blog Archives

AUTARKY = SELF DESTRUCTION

5/19/2020

Wanted: A Strategy for Long-term Peacetime Competition With China

China’s Coercion Threatens ROK-U.S. Alliance
Mathew Ha | Research Analyst

On the road to deflation?
Desmond Lachman | The Hill

The Federal Reserve's everything bubble
Desmond Lachman | The Hill

The economic self harm of autarky: Are we really talking about America making everything it needs in America?
James Pethokoukis | AEIdeas

AIER

Zingales On The Rule Of Economists
by David R. Henderson via EconLog
In the spirit of Clemenceau, Huntington (1981) claims that in a democracy, the ultimate responsibility for a country’s military strategy belongs to the civilian political leadership. If, instead, the military controls the political decisions, it is a military dictatorship. In the same way, the ultimate responsibility for a country’s economic policy should belong to the political leadership. If economists control it, it is a technocratic dictatorship.

The Federal Reserve’s everything bubble
Desmond Lachman | The Hill

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TRACKING DOWN SUDAN'S HIDDEN INTERNATIONAL CASH, A LOOK AT LIBYA'S TRIBALISM & MILITARY EDUCATION FOR THE LONG WAR OR GREAT COMPETITION WITH CHINA

5/15/2020

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The Classicist: Dark Days Ahead
interview with Victor Davis Hanson via The Classicist
On political polarization, the debt reckoning, and Chinese aggression.

What does Libya’s ‘Syrianization’ scenario mean for key actors?
Turkey may have gotten kudos for tipping the balance in Libya, but Russian countermoves raise the prospect of Turkish collaboration with Russia in the North African country, which is not to the liking of countries that have been giving plaudits to Ankara.
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France: Ratified Law Officially Ends the West Africa CFA Franc. On Wednesday The French Council of Ministers adopted the bill ratifying the end of the CFA franc. The reform will affect the eight member countries of the West African Monetary Union: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. This bill formally transforms the West African currency, which will change its name to eco. The Central Bank of West African States will no longer have to deposit half of its foreign exchange reserves with the Bank of France. African News North Africa Post

South Sudan: Hundreds of Civilians Killed in Tribal Clashes. Violence broke out between the Lou Nuer and Murle tribal groups in the state of Jonglei around the town of Pieri, according to the International Committee of the Red Cross. Three aid workers were killed, hundreds of civilians were injured, and thousands were displaced from their homes. The violence comes after the government failed to appoint a governor for the newly-created state. David Shearer, head of the UN Mission in South Sudan, stated, “We strongly urge the Government and other parties to compromise and agree on these critical positions.” Reuters

Tracking Down Sudan's Secret Cash by Alberto M. Fernandez

Don’t Bailout Tehran’s Precision Guided Munitions Project

MDA: All-Domain C2 Key To Countering Hypersonic Missiles
“We’ll take anybody’s sensors,” MDA’s John Bier said, “as long as it contributes to the missile warning, missile defense and space domain environment.”

Haftar, Tribal Power, and the Battle for Libya by Alison Pargeter

Scoping the Future of Education in National Security and Beyond with Brig. Gen. (Ret.) Frank Kelley, Sae Schatz, Jason Tyszko, and Ryan Evans

Sowing a new global garden A U.S.-led “economic prosperity network” could be a good start

Keep Expectations Modest for Iraq’s New Government by Douglas A. Ollivant

Pulling Troops Out of Africa Could Mean Another Endless War by Herman J. Cohen

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JOHN B TAYLOR'S NEW BOOK FROM HOOVER INSTITUTION

5/7/2020

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Fiscal policy and the major entitlements: An introduction

Hoover Institution Press Publishes Strategies For Monetary Policy, Edited By John H. Cochrane And John B. Taylor
via Hoover Daily Report
The Hoover Institution will publish a new volume, edited by senior fellows John H. Cochrane and John B. Taylor, that reviews the strategies, tools, and communication practices the Federal Reserve system deploys to shape monetary policies for its dual-mandate goals of maximum employment and price stability. Strategies for Monetary Policy is drawn from a May 3, 2019, conference at the Hoover Institution featuring economists, financial experts, and Federal Reserve policy makers.

ABOUT THE BOOK

As spending surges and interest rates plummet, is a new age of monetary policy upon us? Desmond Lachman warns against excessive monetary loosening in emerging markets

Long road to recovery
Desmond Lachman | Washington Examiner
Since 1945, the United States has experienced 12 economic recessions. However, it has never experienced a recession quite as deep and as sudden as the coronavirus-induced slowdown it is currently facing. While much is still unknown, one fact remains certain: The road to recovery will be long.

The debt cleanup that awaits us
James C. Capretta | RealClearPolicy
President Trump and the rest of the federal government are right to focus their attention on the immediate economic and public health emergency COVID-19 presents. However, when the crisis recedes, the entire federal budget needs recalibration to head off an intractable cycle of rising interest payments crowding out necessary public investments.

The economic cost and spatial diffusion of the opioid crisis, 2009–18

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IRAN MOVES TO HELP MADURO, WHILE TEAM TRUMP MOVES AGAINST IRAN

5/2/2020

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How Hezbollah Collaborates With Latin American Drug Cartels
Emanuele Ottolenghi — The Dispatch
Last month, Dutch authorities raided a lab in a small village where Colombian cartels turned charcoal-camouflaged cocaine briquettes back into drugs. The charcoal that most Americans burn in their barbecues is not the stuff they would normally associate with organized crime, yet evidence is mounting that in recent years charcoal—a key Latin American and African export—is fast becoming a cover to masquerade cocaine. Read more

U.S. Sanctions on Iran: Is Natural Gas Next?

The Impact of Sanctions Two Years After U.S. Withdrawal From the Nuclear Deal

Iran: U.S. Seizes Millions and Disrupts Oil Tanker to Target Quds Force. U.S. authorities charged two Iranian men and seized $12 million in funds used to support the Quds Force of Iran’s Islamic Revolutionary Guard Corps on Thursday. “The Iranian regime and its supporters continue to prioritize the funding of international terrorist organizations over the health and well-being of the Iranian people,” said U.S. Treasury Secretary Steven Mnuchin. Alireza Miryousefi, spokesman for Iran’s mission to the United Nations, said the United States should be concerned in helping its own citizens, but instead focuses on bullying Iran. AL-Monitor The Washington Post

Strategic Fail: Partnering with Turkey to Counter Iran Would Misread the Region by Blaise Misztal

China squeezes debt repayments from virus-hit nations
Amid the psychological rubble of the Covid-19 crisis, strands of China’s ‘New Silk Roads’ have been fused into a web of debt. What was a high-risk game of loans is now threatening cash-strapped countries as they struggle to combat the deadly coronavirus outbreak. In short, the Belt and Road Initiative has gone from the jewel in Beijing’s foreign policy crown to what many see as a poison chalice during a catastrophic world event. Read More

Iran Is Airlifting Supplies to Venezuela. The Trump Administration Should Move to Block It.
The Islamic Republic can leverage the Maduro regime's ability to access sanctioned goods as payment for its services.

Hezbollah’s History with Ammonium Nitrate: The Danger to Europe
Toby Dershowitz and Dylan Gresik – FDD Policy Brief

New Explosion in Lebanon at Site That Belongs To Affiliate of Hezbollah
Tony Badran – FDD Policy Brief

Hezbollah Finance in Lebanon
Tony Badran and Emanuele Ottolenghi — FDD Memo
The government of Lebanon seeks an international bailout to save its financial system, which will require an estimated $93 billion rescue. The amount needed is astronomical. But even if a rescue were feasible, other systemic challenges remain. Lebanon’s financial system is rife with illicit finance. It is a conduit for money laundering schemes that fund Hezbollah and its nefarious activities, generating billions of dollars per year for the terrorist group. Read more

Iran’s Turkey-Based Sanctions-Evasion Scheme More Extensive Than Previously Reported
Aykan Erdemir – FDD Policy Brief

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MONITARISM, SANCTIONS & TERROR FINANCING

AUTARKY = SELF DESTRUCTION

TRACKING DOWN SUDAN'S HIDDEN INTERNATIONAL CASH, A LOOK AT LIBYA'S TRIBALISM & MILITARY EDUCATION FOR THE LONG WAR OR GREAT COMPETITION WITH CHINA

JOHN B TAYLOR'S NEW BOOK FROM HOOVER INSTITUTION

IRAN MOVES TO HELP MADURO, WHILE TEAM TRUMP MOVES AGAINST IRAN

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