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  • December 21, 2015
    Forbes
    As North Korea Plans Party Congress U.S. Should Offer Peace Treaty to Pyongyang
    … control over the military. The first party congress since 1980, when Kim’s grandfather, Kim Il‐​sung, ruled, portends significant policy changes. Kim Jong‐​un likely will formalize both consolidation of power and new economic initiatives. Ruediger Frank of the …
    By Doug Bandow
  • December 21, 2015
    Blog
    Propose Peace Treaty as North Korea Plans Party Congress
    … conversation ensures continued failure. The first party congress since 1980, when Kim’s grandfather, Kim Il‐​sung, ruled, portends significant policy changes. Kim Jong‐​un likely will formalize both consolidation of power and new economic initiatives. The government has been …
    By Doug Bandow
  • December 21, 2015
    National Interest
    Arm Taiwan, America. But Don’t Defend It.
    … s recognition of the PRC. America is ever less likely to intervene on Taiwan’s behalf. Indeed, the U.S. policy of strategic ambiguity has become more dangerous as China’s power has increased. Taiwan matters much more to the …
    By Doug Bandow
  • December 21, 2015
    Blog
    The Failure of Sanctions on Russia
    … consider whether continuing sanctions on Russia is really the best option, or whether there are more effective diplomatic or economic policy tools we can use instead. You can read the whole article, with more data and policy recommendations, over at …
    By Emma Ashford
  • December 18, 2015
    Reason (Online)
    The GOP’s Omnibus Spending Binge Will Undermine the Next President
    … deficit fears. So big spending is not only dangerous for the economy, it also undermines a central and unifying GOP policy promise of major tax reforms. Unfortunately, with Republican leaders now capitulating on yet another budget bill, Obama will feel …
    By Chris Edwards
  • December 17, 2015
    Blog
    Interest On Reserves, Part I
    I now turn to an even more mind-bogglingly wrongheaded step taken by Bernanke’s Fed in the course of the financial crisis: it’s decision to pay interest on banks’ excess reserves.
    By George Selgin
  • December 17, 2015
    The Wall Street Journal
    The Fed’s Uncertain Leap Forward
    Using forward guidance instead of a monetary rule once again leaves financial markets unsettled.
    By Gerald P. O’Driscoll Jr.
  • December 16, 2015
    The National Interest (Online)
    Eastern Europe’s Drift into Authoritarianism
    It may have been unduly optimistic to expect all of those nations to make an orderly, unimpeded transition to Western-style democracy.
    By Ted Galen Carpenter
  • December 16, 2015
    Blog
    Venezuela v. Reality
    The Banco Central de Venezuela has decided to sue a website for “destabilizing” Venezuela’s currency.
    By George Selgin
  • December 16, 2015
    Blog
    Lunch with Richard Leakey
    If Leakey is to succeed during his second tour as the leader of the Kenya Wildlife Service, he must do something big, bold, and unconventional.
    By Steve H. Hanke
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