Zbigniew Brzezinski, former National Security Adviser to President Jimmy Carter, graded Obama’s foreign policy performance “somewhere between B-plus and A-minus,” lauding his achievements with Chinese and Russian relations but criticizing his failure to move forward on the Israeli-Palestinian peace process.
“It would be higher if he had moved more decisively on the Israeli-Palestinian peace process, because he had a chance to do so. But admittedly, he was overwhelmed by domestic problems,” [...]
Keynesians and Monetarists do not understand the process of inflation without credit Creation. Inflation without credit creation works the following way. Money as per Hayek should keep a stable relationship against a basket of commodities in order to satisfy the needs of savers. If money is stable against commodities, the population will buy commodities for current consumption and put the extra into money trusting that they can slowly use the [...]
The Indian Defense Ministry did not select Boeing’s F/A-18 Super Hornet for procurement.
A number of you have asked me on Facebook and Twitter what I think of India’s recent decision not to buy $10 billion worth of American warplanes.
I think it was a big mistake on India’s part. Despite what India says, defense purchases like this are about more than just planes. The Indian press has portrayed the country’s decision to buy European [...]