January 8, 2020
Commentary

Trump’s Bogus “Off Ramp” Offer to Iran

There is little prospect that Trump’s policy will improve Washington’s already hostile relations with Tehran. Indeed, continuing to portray Iran as the Middle East’s arch‐​villain is both misleading and counterproductive.

The National Interest (Online)
Blog

Dudley’s Defense of the Fed’s Floor System, Take 2

Former New York Fed President Bill Dudley once again claims that the post‐​2008 floor system “is much simpler to carry out” than a corridor arrangement. Only he now adds that this is so, “provided there are sufficient reserves in the system.”

January 8, 2020
Commentary

The Wrong Kicks on Route 36

If the MLA has not helped service members, why extend it? The MLA is a cautionary tale — not a model — for consumer credit regulation. It seems ripe for repeal, not ready to extend to all consumers.

Real Clear Policy
Blog

Crescent Dunes: Another Green Flop

The lesson from political daydreams about green new deals such as Crescent Dunes is that the government’s track record at guiding our energy future has been pretty dismal.