“When Money Dies” is the title of a 1975 book by Adam Fergusson, in which he describes the downfall of the Reichsmark in Weimar Germany. A fascinating look at that period of history, one can glean quite a few useful pieces of advice on how to survive a currency crisis. But “when money dies” could also describe the current currency crisis in Greece, in which many Greeks seem to have taken those lessons from Fergusson’s account of the Weimar hyperinflation to heart. Even though the Greek...

The Pentagon has released its “National Military Strategy of the United States of America 2015” in June, 2015. The document announces a shift in focus from terrorists to “state actors” that “are challenging international norms.” It is important to understand what these words mean. Governments that challenge international norms are sovereign countries that pursue policies independently of Washington’s policies. These “revisionist states” are threats, not because they plan to attack the US,...

The Iran nuclear talks may be getting close to some sort of conclusion in Vienna, but American political and policy elites remain, to an appallingly large extent, clueless as to what is really at stake in the negotiations. And, while the headline from a recent NBC News poll notes that Americans favor an Iran nuclear deal by a “2 to 1” margin, in fact, the polls shows that a plurality of Americans say they don’t know what to think about a possible Iran nuclear deal. These observations...

The United States already has by far the per capita largest prison population of any developed country but I am probably one of the few Americans who on this Independence Day would like to see a lot more people in prison, mostly drawn from politicians and senior bureaucrats who have long believed that their status makes them untouchable, giving them license to steal and even to kill. The sad fact is that while whistleblowers have been imprisoned for revealing government criminality, no one in...

“Strange how paranoia can link up with reality now and then.” ― Philip K. Dick, A Scanner Darkly Once upon a time, there was a nation of people who believed everything they were told by their government. When terrorists attacked the country, and government officials claimed to have been caught by surprise, the people believed them. And when the government passed massive laws aimed at locking down the nation and opening the door to total government surveillance, the people believed it was done...

Last week we saw an encouraging sign that the 50 year cold war between the US and Cuba was finally coming to an end. President Obama announced on Wednesday that the US and Cuba would restore full diplomatic relations and that embassies could be re-opened in each country by the end of the month. For this achievement, which was resisted by vested interests in the US, Obama should be praised. However we shouldn't be too optimistic about truly establishing normal relations until we understand how...

The recent and rapid successes of the Islamic State (IS) in seizing Palmyra in Syria and Ramadi in Iraq, together with its three successful same-day strikes on 26 June 2015 in Kuwait, France, and Tunisia seem to have left British Prime Minister David Cameron rather panicky — like a twitchy kitten experiencing its first thunder-and lightning storm. In response to these events, Cameron has come somewhat unglued. The leader of a once mighty, respected, and feared nation has responded to IS’s...

One notable consequence of the Ukraine conflict and the ongoing confrontational stand-off between the West and Russia is the dramatic surge in military spending among several European countries. However, this unprecedented militarization of economies across Europe portends a disastrous Greek-style future of crippling debt for these same countries. Those most at risk from a future hangover of military overspend in the years ahead include the Baltic states, Poland and the Scandinavian countries....

Forget the mad spinning. Here it is, in a nutshell, what it really takes for Iran and the P5+1 to clinch a game-changing nuclear deal before the new July 7 deadline. Iran and the P5+1 agreed in Lausanne on a “comprehensive plan of action,” taking into account delicate constitutional considerations in both the US and Iran. A crucial part of the plan is the mechanism to get rid of sanctions. Lausanne – and now Vienna – is not a treaty; it’s an action plan. There will be a declaration when a deal...

The photos from Greece showing long lines at ATMs are astonishing. Even after the deposit outflows from Greek banks over the past weeks, there are still large numbers of people who are trying to get their money out of the banking system. With the banks closed, ATMs are the only way for people to get any cash. Let’s not beat around the bush in describing what is happening: this is a bank run. Even though Greece has a deposit insurance scheme that covers up to €100,000 in savings accounts, trust...

To understand today’s crises in Iraq, Syria, and Iran, one must grasp their shared Lebanese connection. This assertion may seem odd. After all, what’s the big deal about Lebanon? That little country hasn’t had top headlines since Israel deigned to bomb and invade it in 2006. Yet, to a large extent, the roots of the bloody tangle now enmeshing the Middle East lie in Lebanon: or to be more precise, in the Lebanon policy of Israel. Rewind to the era before the War on Terror. In 1995, Yitzhak...

The Electric Yerevan protest provides us with an excellent opportunity to review some of the basic underlying mechanics and psychology of the Color-Spring tactic. It is important to share these publicly, for it is indeed probable that the Color-Spring tactic will be increasingly applied in the world as a "hybrid soft-power/hard-power tactic". A moral principle held by Gene Sharp, who was one of the tactic's main developers, was that violence is not necessary for revolution. What is strange,...

“If you don’t want a man unhappy politically, don’t give him two sides to a question to worry him; give him one. Better yet, give him none. Let him forget there is such a thing as war. If the government is inefficient, top-heavy, and tax-mad, better it be all those than that people worry over it…. Give the people contests they win by remembering the words to more popular songs or the names of state capitals or how much corn Iowa grew last year. Cram them full of noncombustible data, chock them...

By ruling for the government in the case of King v. Burwell, the Supreme Court once again tied itself into rhetorical and logical knots to defend Obamacare. In King, the court disregarded Obamacare’s clear language regarding eligibility for federal health care subsides, on the grounds that enforcing the statute as written would cause havoc in the marketplace. The court found that Congress could not have intended this result and that the court needed to uphold Congress’s mythical intention and...

NATO Secretary General Jens Stoltenberg, a former prime minister of Norway, took the podium during last week's meeting of NATO defense ministers to hype the Russian threat to NATO while downplaying recent NATO military moves on Russia's border.While criticizing "a more assertive Russia investing heavily in defence," Stoltenberg countered that, “We do not seek confrontation [with Russia], and we do not want a new arms race.” He then announced that the new enhanced NATO Response Force will...