Foreign Affairs

Unregulated Is Not Unconstrained

The forces that constrain behavior are manifold—moral, physical, financial, reputational, and so on. Formally, the word “regulate,” with its roots in the Latin regulare (“to control by rule, direct”), refers to only one kind of constraint: the governmental kind (or at least some kind of authority). Yet when one calls something “unregulated,” that often seems to imply that it can act on whim, launching itself in any direction it likes. Not so.

We Fail More—So Put Us in Charge

The Washington Post reports today on an article coming out in Foreign Affairs in which Deputy Defense Secretary William J. Lynn III reveals a successful 2008 intrusion into military computer systems. Malicious code placed on a thumb drive by a foreign intelligence agency uploaded itself onto a network run by the U.S. military’s Central Command and propagated itself across a number of domains.

Message to Republicans: Stop Hiding Behind the Troops

In what can only be described as a cheap partisan attack masquerading as patriotic chest-thumping, House Republicans this morning issued a statement opposing Ohio Representative Dennis Kucinich’s resolution for the withdrawal of troops from Afghanistan because… [drum roll please] the Republicans strongly support the troops in Afghanistan.

A Plug for Financial Fiasco

The distinguished Harvard economist Richard N. Cooper, former president of the Federal Reserve Bank of Boston, praises Johan Norberg’s Financial Fiasco: How America’s Infatuation With Homeownership and Easy Money Created the Economic Crisis in Foreign Affairs:

The economic crisis of 2008-9 will no doubt spawn dozens of books. Here are two good early ones….

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