When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne. Laws assumed it contained useful advice. But when he opened the envelope, he found that the letter – which he characterized as “honest but slightly less helpful” than he had expected – had only a single line: Dear Chief Secretary, I’m afraid to tell you there’s no money left. And so there isn’t. Americans don’t realize just how bad Britain’s situation is. True, Britain’s not …
Following Thursday’s indecisive election, events in London are moving at a furious pace. In just the past few hours, Gordon Brown – still Prime Minister – has offered to resign to facilitate the creation of a ‘progressive’ coalition government composed of the Labour Party, the Liberal Democrats, and a variety of smaller parties. Meanwhile, negotiations continue between the Conservatives and the Liberal Democrats. There is even the possibility that the economic crisis now gripping Greece, and threatening to engulf Europe, will lead to a ‘Government of All Talents,’ like the …
The President’s recently-released Nuclear Posture Review (NPR) has come under intense criticism for its revision of the U.S.’s declaratory policy, the statement that sets out when the U.S. would consider employing nuclear weapons. Declaratory policy has two purposes. Publicly, it’s a warning. Privately, it provides the military guidance for building and modernizing the U.S. force, and so ensures the U.S.’s weapons are actually useable in a crisis. In other words, it makes deterrence creditable, politically and militarily. The new NPR goes into considerable, lawyer-like detail about what the U.S. might …
What does America’s declining economic freedom mean for you? It means that America will create fewer jobs. And that means that Americans will be poorer, as well as less free. A statement last week by Graham Mackay, the head of SAB Miller, one of the world’s largest brewers (they make, among many other beers, Miller Lite), explains how and why this will happen. In 1999, SAB Miller moved its headquarters to London, attracted, Mackay said, by “the liberal and predictable tax regime.” But since the mid-2000s, the UK has been …
In publicizing the President’s State of the Union address, Senior Adviser Valerie Jarrett announced that one of the achievements of which the administration was most proud in its first year in office was its action to repair “badly frayed global alliances” and “to restore America’s leadership in the world.” That leadership was not much in evidence in the President’s speech, which is only fitting, because it has been lacking in reality as well. The President name-checked the obvious foreign crises. Haiti, predictably, took pride of place, and here, at least, …
The news is out: the U.S. is falling behind on economic freedom. In the 2010 edition of the Index of Economic Freedom, the United States, for the first time, dropped out of the ranks of the free, and into those of the ‘mostly free,’ ranking eighth in the world and behind Canada in North America. The U.S. retreat was broad-based: it fell backward in seven of the ten areas measured. And while much of the U.S.’s decline stemmed from its response, under both President George W. Bush and President Obama, …
The 2010 edition of the Index of Economic Freedom poses a frightening paradox. Around the world, the economically freest countries are, by and large, those with a British legacy. Indeed, the top five – Hong Kong, Singapore, Australia, New Zealand, and Ireland – were either founded or influenced by the British. Of the top ten states, only Denmark, Switzerland, and Chile were not, at one point, governed from London. The lesson should be clear: economic freedom, born of the thought of Adam Smith and David Ricardo, spread round the world …
The world needs American leadership. In the interwar years, we saw that the enemies of freedom advance when the great liberal and democratic powers of the day failed to lead. We saw it again in the dark years of the Cold War under President Carter. The alternative to an America willing and able to lead is not a paradise of peace through engagement. It is a world where the undemocratic, the unsatisfied, and the illiberal powers of the world advance at the expense of American ideals, American interests, and America’s …
American commentators, like Michael Barone, are starting to focus on the fact that, while the recession has hurt the private sector, it’s helping the public one. A Rasmussen poll found that 46 percent of government employees say the economy is getting better while just 31 percent say it’s getting worse. In the private sector, those proportions are reversed. While the private sector economy has lost millions of jobs, the public sector one has been stable. But anything the U.S. can do, Britain, in this context, can do worse. The Sunday …
The TSA’s announcement that citizens of fourteen countries – Afghanistan, Algeria, Cuba, Lebanon, Libya, Iran, Iraq, Nigeria, Pakistan, Saudi Arabia, Somalia, Sudan, Syria, and Yemen – will be subject to intensified airport screenings before being allowed to fly to the United States, and that flights originating in or passing through one of these nations will also face extra scrutiny, is both a problem and an opportunity. The problem is that, on its own, this measure will achieve relatively little. As James Carafano points out, any effort to erect Maginot Line …
