Max Boot details a comprehensive strategy to defeat ISIS by committing to the fight on multiple fronts: intensify air strikes, utilize U.S. personnel and capabilities, encourage local and regional partners, and prepare for nation-building.

The U.S. Department of the Treasury should transform its foreign currency report so it can be used as a tool to combat currency manipulation. This would be an important step toward a more balanced global economy with fewer persistent deficits and surpluses.

The U.S. Federal Reserve's monetary stimulus efforts have an undesirable side effect that needs to be managed with great care: the Fed has amassed a huge stock of mortgage-backed securities (MBS) tha…