by David R. Henderson via Defining Ideas
In this essay: What the president has done wrong.
Oren Cass, Manhattan Institute
America’s economy has experienced a long, gradual recovery from the Great Recession of 2007–09, which was the nation’s sharpest downturn since the Great Depression of the 1930s. Certainly, conditions are better than 10 years ago, when the unemployment rate peaked at 10%. But in any business cycle, the peak looks better than the trough; more meaningful is a comparison across cycles, between one peak and another. In that context, America’s current economic performance remains disappointing. Read more here....
by Michael R. Auslin via The Claremont Review of Books
For internationalists, institutionalists, and liberals of various sorts, the past two decades have uncomfortably proved the perceptiveness of Samuel Huntington’s 1996 jeremiad The Clash of Civilizations, itself a response to Francis Fukuyama’s 1992 article “The End of History” and subsequent book. Even if civilizations per se are not clashing, that an era of revived great-power competition threatens global stability is largely recognized as the great international relations challenge of this generation