August 15, 2018
| Alice Hunt FriendThe United States must scale its resourcing to meet its policy objectives, but these objectives must themselves be tailored to realistic threat assessments. Changes to U.S. presence affect U.S. preparation to face the next crisis.
Since the historic summit between Donald Trump and Kim Jong Un, no tangible actions toward denuclearization, such as disclosure of nuclear and missile stockpiles or dismantlement of weapons and relevant facilities, have been taken.
Let’s hope the administration understands the limits of its high-risk tactics and is closely monitoring the potential for spillovers. Vulnerable economies may not be the only ones disciplined by financial markets.
August 13, 2018
| William Alan ReinschTrying to return to a world where everything is made domestically is unrealistic at best and disastrous at worst, and it will not produce the wage increases the president would like.
The new Administration seems to have accepted the legacy of the previous Administration by largely abandoning the civil side of each war. It is dealing with major insurgencies and civil war as if they were limited terrorist movements.
August 10, 2018
| William Alan Reinsch, Jonathan RobisonTariffs are a source of government revenue, but nowhere near large enough to pay down the debt. After all, they will not come close to eliminating the federal budget deficit, which means they will not come close to paying down even one dollar of the national debt.