Journal: Financial War, Expropriation of Assets Next?

Economic historians have long recognized that one of the biggest mistakes deepening and prolonging the Great Depression was the establishment of beggar-thy-neighbour policy wars, like trying to protect domestic production by imposing protective tariffs.  But these tariffs hurt everyone, because the reduction in world trade depressed demand and  production to a greater extent than tariffs …

Journal: Five Myths Debunked–Treasury Run by Crooks

I asked my good friend Marshall Auerback, an investment advisor and lawyer by training and a senior fellow at the Roosevelt Institute, to evaluate Treasury Secretary Timothy Geithner’s claim that TARP has been a stunning success.  Geithner made this claim in a 10 October op-ed in the Washington Post, entitled, “Treasury Secretary Timothy Geithner tackles …

Review: Operation Dark Heart–Spycraft and Special Ops on the Frontlines of Afghanistan — and the Path to Victory

USG Blows It, Makes This a Best-Seller October 5, 2010 Anthony Shaffer EDIT of 7 October 2010 to address the negatives. I can see I need to spell this out more clearly. 1) Let’s distinguish between the book and the heavy-handed (late) censorsorship. The book is an earnest personal effort by an experienced officer who …

Journal: Bin Laden, Dead or Alive, Makes Sense

Bin Laden Tape: Terror Leader Criticizes Muslim Governments For Military Spending CAIRO — Al-Qaida leader Osama bin Laden called for the creation of a new relief body to help Muslims in an audiotape released Friday, seeking to exploit discontent following this summer’s devastating floods in Pakistan by depicting the region’s governments as uncaring. It was …