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March 20, 2023

Democracy
The Long Shadow of the Iraq War: Lessons and Legacies Twenty Years Later

On March 20, 2003, I found myself bobbing offshore along Iraq’s tiny coastline in a raging sandstorm, as a reporter covering the U.S. Navy SEALs and Polish special forces’ operations in the U.S.-led …

A man looks at a mural of former Iraq President Saddam Hussein inside his damaged former palace in Mosul, Iraq, February 19, 2023.

March 17, 2023

United States
Revisiting America’s War of Choice in Iraq

Wars are fought not only on the battlefield but also in domestic political debates and in histories written after the fact. In the case of the US invasion of Iraq 20 years ago, we are still in this final phase, seeking an elusive consensus about the war’s legacy.

U.S. soldiers walk by a defaced poster of former Iraqi President Saddam Hussein in April 2003.

May 26, 2022

United States
What the Korean War Era Reveals About the Fed’s Inflation Dilemma

High inflation during the 1950s shared many similarities to today’s rising prices, including a supply crunch due to a national emergency.

A customer shops at a store in New York City in May 2022 as annual inflation surpasses 8 percent.

January 7, 2022

Monetary Policy
Inflation: Learning the Proper Lessons From History

Higher inflation has led to calls for price controls and a reexamination of the relationship between inflation and employment. History offers some helpful lessons.

Prices are seen displayed at a BP gas station in New York City in November 2021.

November 23, 2021

Supply Chains
How to Fix Global Supply Chains for Good

Truck-driver shortages, “lean” inventories, and an overreliance on China plagued global supply chains long before the pandemic. Permanently addressing these and other issues will help the United Stat…

Containers are stacked at the Port of Long Beach, California, in November 2021.