Americans love generals. We have elected twelve of them president. But for a president, generals can be an enormous pain—and a political threat. James K. Polk worried (rightly) that Winfield Scott wa…

The U.S. Navy marks 248 years of service.

Congressional Budget Office Director, Doug Elmendorf, testifies before the first hearing of the Joint Deficit Reduction Committee hearing on September 13, 2011. (Jonathan Ernst/courtesy Reuters) Thr…

The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

The U.S. Army turns 248 years old today.

In his Path to Prosperity, Republican vice presidential candidate Paul Ryan called for $40 trillion in spending over the next 10 years, $7 trillion less than President Obama called for in his 2013…