Allison Schrager & Brian Riedl, Manhattan Institute
Paul H. Kupiec and Alex J. Pollock | Hill
The Federal Reserve is technically insolvent, yet due to taxpayer support, it will still issue billions in new interest-bearing liabilities. Paul H. Kupiec and Alex J. Pollock write that this deceptive tactic allows the Fed, without congressional authorization, to borrow taxpayer money to cover its losses without the borrowing or losses showing on the federal government’s ledgers. They recommend that this issue, among others, be addressed in the Fed’s next congressional appearance.
By Francis P. Sempa, RealClearDefense: “Ever since William F. Buckley, Jr. and his immediate successor John O’Sullivan left the helm at National Review, the once leading journal of conservatism has lost its way, especially in its coverage of foreign policy issues and its reflexive anti-Trumpism. Under editor Rich Lowry’s leadership, National Review . . ."
Matthew Continetti | National Review
On March 9, one of the few people to have served in high positions in all three branches of the federal government will celebrate his 100th birthday.
By Alexander S. Burns, The National Interest: “A recently translated text by Clausewitz coincidentally describes an eighteenth-century Russian war in Ukraine and Crimea, which can impart lessons for contemporary students of strategy."
Michael Rubin | 19fortyfive.com
The China Consensus: Do Almost Nothing
Derek Scissors | AEIdeas
A More Hawkish China Policy? Five Takeaways from the House Committee’s Inaugural Hearing on Confronting Beijing
Michael Beckley | Conversation